2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥24,936,528,117, an increase of 8.68% compared to the same period last year[3]. - The net profit attributable to shareholders for the first three quarters was -¥1,597,835,178, a decrease of 340.48% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the first three quarters was -¥2,002,728,226, a decrease of 462.41% year-on-year[3]. - The basic and diluted earnings per share for Q3 2023 were both ¥0.082, compared to -¥0.208 for the same period last year[5]. - Net profit for the third quarter of 2023 was a loss of CNY 1.84 billion, compared to a profit of CNY 676.69 million in the same quarter of 2022[17]. - Total operating revenue for the first three quarters of 2023 was CNY 73.92 billion, a decrease of 6.0% compared to CNY 79.31 billion in the same period of 2022[16]. - Total operating costs for the first three quarters of 2023 were CNY 75.54 billion, down from CNY 78.67 billion in the previous year, reflecting a reduction of 4.0%[16]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥84,697,320,798, a decrease of 12.58% from the end of the previous year[5]. - The company's total assets decreased to CNY 84.70 billion in Q3 2023 from CNY 96.89 billion in Q3 2022, a decline of 12.5%[15]. - Total liabilities decreased to CNY 52.64 billion in Q3 2023 from CNY 63.56 billion in Q3 2022, a reduction of 17.2%[15]. - The company's equity attributable to shareholders decreased to CNY 27.48 billion in Q3 2023 from CNY 29.19 billion in Q3 2022, a decline of 5.9%[15]. - The total current assets decreased from RMB 39.32 billion at the end of 2022 to RMB 23.12 billion as of September 30, 2023[13]. - The company’s long-term equity investments increased from RMB 4.45 billion at the end of 2022 to RMB 6.99 billion as of September 30, 2023[13]. Cash Flow - The cash flow from operating activities for the first three quarters was ¥1,838,826,621, a decrease of 69.39% year-on-year[3]. - Operating cash flow for Q3 2023 was ¥1,838,826,621, a decrease of 69.4% compared to ¥6,006,346,274 in Q3 2022[19]. - Total cash inflow from operating activities was ¥69,820,295,004, down from ¥77,234,589,575, reflecting a decline of 9.1%[19]. - Cash inflow from investment activities was ¥7,391,213,776, significantly lower than ¥15,743,874,975 in the previous year, indicating a decrease of 53%[19]. - Net cash flow from financing activities was -¥3,982,883,391, compared to -¥2,318,234,232 in Q3 2022, showing a worsening of 71.7%[20]. - The company reported a net increase in cash and cash equivalents of ¥550,330,737, contrasting with a decrease of ¥742,601,091 in the same quarter last year[20]. - Cash and cash equivalents at the end of the period stood at ¥4,911,069,148, up from ¥3,480,460,799 at the end of Q3 2022[20]. Production and Operations - In the first three quarters of 2023, the company produced 14.39 million tons of pig iron, 15.73 million tons of crude steel, and 15.51 million tons of steel products, representing year-on-year increases of 4.57%, 2.01%, and 1.73% respectively[10]. - The company's net profit attributable to shareholders decreased by approximately RMB 638 million compared to the first half of 2023, while the asset-liability ratio decreased by 1.22 percentage points[10]. - The average domestic steel price index decreased by 12.03% year-on-year, while the average Platts index for iron ore (62% Fe: CFR: Qingdao Port) decreased by 8.13% year-on-year[10]. - The company's energy cost per ton of steel decreased by 27.73% year-on-year from July to September, and by 19.41% compared to the first half of the year[11]. - The company launched the world's first low-carbon 45-ton axle heavy-duty wheels, achieving over 20% carbon reduction in the entire manufacturing process[11]. - The company has focused on high-strength, corrosion-resistant, near-net-shape products, accelerating the development and market promotion of unique specifications for heavy H-beams and high-performance new energy silicon steel[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 153,122[8]. - The largest shareholder, Ma Steel (Group) Holding Co., Ltd., held 47.17% of the shares, totaling 3,664,749,615 shares[8]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 914.29 million, slightly down from CNY 916.26 million in the same period of 2022[16]. - The company has been recognized as a "Green Factory" in Anhui Province, contributing to its high-quality development[11]. - The company has implemented mixed-ownership reforms in its subsidiary, enhancing collaboration and achieving historical highs in operational performance[11].