CHALIECO(SH:601068)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 5,417,305, a decrease of 6.51% compared to CNY 5,747,981 in the same period last year[22]. - Net profit attributable to shareholders for Q3 2023 was CNY 64,800, representing a 129.59% increase from CNY 16,469 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 49,981, compared to a loss of CNY 22,145 in the same period last year[22]. - The net profit attributable to shareholders of the listed company for the current reporting period increased by 129.59%[28]. - The net profit attributable to shareholders of the listed company for the year-to-date period decreased by 604.28% due to changes in accounting estimates for impairment provisions[28]. - The total comprehensive income attributable to the parent company for the first three quarters of 2023 was CNY -759,556.05, compared to CNY 321,010.69 in the same period of 2022[44]. - Basic earnings per share for the first three quarters of 2023 was CNY -0.28, down from CNY 0.05 in the previous year[44]. - Net profit for the third quarter was -741.15 million, compared to a profit of 250.39 million in the same period last year, indicating a significant loss[60]. - Operating profit turned negative at -879.18 million, contrasting with a profit of 368.69 million in the previous year[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 42,252,198, a decrease of 10.84% from CNY 47,391,289 at the end of the previous year[6]. - Shareholders' equity attributable to shareholders decreased by 17.41% to CNY 6,219,147 from CNY 7,529,815 at the end of the previous year[6]. - The company's total equity decreased from 10,455.06 million to 6,650.96 million, a decline of about 36.5%[58]. - Total liabilities decreased from 36,936.23 million to 35,601.24 million, a reduction of approximately 3.6%[57]. - Long-term borrowings increased from 5,257.00 million to 7,416.04 million, an increase of approximately 41.1%[57]. - The company’s total assets decreased from 47,391.29 million to 42,252.20 million, a decline of approximately 10.8%[58]. Cash Flow - The company reported a net cash flow from operating activities of CNY 8,984 for the year-to-date, compared to a loss of CNY 1,002,970 in the previous year[22]. - The company achieved a net cash inflow from operating activities, with an increase of RMB 870 million year-on-year by the end of Q3 2023[30]. - Cash flow from operating activities showed a net inflow of 8.98 million, a recovery from a net outflow of -861.29 million in the previous year[63]. - The total cash outflow from operating activities was 16,106.88 million, compared to 17,754.01 million in the previous year, indicating a decrease of about 9.3%[63]. - The company reported a cash inflow from investment activities of 804.14 million, compared to a cash outflow of -2,095.39 million in the same period last year[63]. - Cash and cash equivalents at the end of the third quarter of 2023 were CNY 3,733,989.47, a decrease from CNY 7,460,707.98 at the end of 2022[47]. - The company’s cash and cash equivalents decreased to RMB 33.401 billion from RMB 38.182 billion compared to the previous period[38]. Operational Highlights - The company implemented a "technology + international" development strategy, focusing on the non-ferrous and advantageous industrial sectors[14]. - The company signed new contracts totaling RMB 30.858 billion in the first three quarters of 2023, representing a year-on-year growth of 7.57%[33]. - The company applied for 411 patents, an increase of over 80% compared to the same period last year, with 227 patents granted[34]. - The company has established 3 new national enterprise technology centers and 1 new national specialized and innovative "little giant" enterprise in the first three quarters[34]. - The company successfully signed multiple large consulting and design contracts in India, Kazakhstan, and Saudi Arabia, enhancing its overseas marketing capabilities[35]. Expenses and Costs - Total operating revenue for the first three quarters of 2023 was CNY 15,039,361.33, a decrease of 7.77% compared to CNY 16,311,375.70 in the same period of 2022[41]. - Total operating costs for the first three quarters of 2023 were CNY 14,878,811.30, down 8.00% from CNY 16,267,306.59 in the previous year[41]. - Research and development expenses increased to CNY 495,452.27, up 10.63% from CNY 447,698.34 in the same period of 2022[41]. - The company reported a financial expense of CNY 116,229.02, significantly reduced from CNY 281,067.97 in the previous year[41]. - The company adjusted its method for recognizing impairment losses, resulting in an increase of CNY 1,208 million in impairment losses for the first nine months of the year[24]. - The net cash flow from financing activities was negative CNY 4,016,402.10, compared to a positive CNY 3,623,634.26 in the same period last year[47]. - The company’s government subsidies recognized in the current period amounted to RMB 2.394 million, with a total of RMB 11.306 million year-to-date[27].