SHCI(SH:601225)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 3,677,056.14 million, a decrease of 21.31% compared to CNY 4,704,906.55 million in the same period last year[3]. - Net profit attributable to shareholders was CNY 460,068.43 million, representing an increase of 27.07% from CNY 370,874.47 million year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 536,424.40 million, down 27.91% from CNY 750,910.00 million in the previous year[3]. - The basic earnings per share for Q3 2023 was CNY 0.48, up 29.33% from CNY 0.38 in the same period last year[3]. - Net profit attributable to shareholders decreased by 44.56%, primarily due to the same reasons affecting earnings per share[8]. - Net profit for the third quarter was CNY 27.36 billion, down 35.4% from CNY 42.35 billion in the previous year[20]. - Earnings per share for the third quarter were CNY 1.67, compared to CNY 3.01 in the same quarter last year[21]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 2,847,038.43 million, down 34.43% from CNY 4,342,126.57 million in the previous year[3]. - Cash flow from operating activities decreased by 34.43%, mainly due to the decline in coal prices[8]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥28.47 billion, down 34.4% from ¥43.42 billion in the previous year[23]. - The ending balance of cash and cash equivalents was ¥24.97 billion, a significant decrease from ¥73.16 billion at the end of the previous year[24]. - The company experienced a net decrease in cash and cash equivalents of -¥16.79 billion in 2023, contrasting with a net increase of ¥23.00 billion in 2022[24]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 20,474,648.95 million, a decrease of 7.76% from CNY 21,525,983.35 million at the end of the previous year[4]. - Total current assets as of September 30, 2023, were 68,815,116,487.18 RMB, down from 82,558,685,972.30 RMB at the end of 2022[17]. - The company’s total assets decreased to CNY 204.75 billion from CNY 221.98 billion in the previous year[18]. - Total liabilities increased to CNY 78.31 billion, up from CNY 77.35 billion in the previous year[18]. - Total equity attributable to shareholders was CNY 8,627,121.58 million, a decrease of 20.85% from CNY 10,268,317.92 million at the end of the previous year[4]. - Total equity decreased to CNY 126.44 billion from CNY 144.63 billion year-over-year[18]. Investments and Acquisitions - The acquisition of Shen Nan Mining was completed, with a total assessed net asset value of CNY 2,044,743.86 million, and the company paid CNY 2,029,252.88 million for a 99.2424% stake[5]. - The company received cash payments of 5,763.22 million for the acquisition of a subsidiary, indicating active expansion efforts[10]. - The company reported an investment income of CNY 1.90 billion, down 59.7% from CNY 4.70 billion in the previous year[19]. - The net cash flow from investment activities was -¥19.12 billion in 2023, compared to -¥1.37 billion in 2022, indicating a worsening investment position[23]. Operational Metrics - Coal production for the first nine months of 2023 reached 12,426.68 million tons, a 7.14% increase from 11,598.72 million tons in the same period of 2022[13]. - Coal sales for the first nine months of 2023 totaled 18,645.25 million tons, reflecting a 6.65% increase compared to 17,482.20 million tons in the same period of 2022[13]. - Coal sales revenue for Q3 2023 was 12,296,600.30 million RMB, down 2.90% from 12,664,320.10 million RMB in Q3 2022[14]. - Sales cost for Q3 2023 increased by 3.49% to 7,719,826.32 million RMB from 7,459,145.73 million RMB in Q3 2022[14]. - Gross profit for Q3 2023 decreased by 12.07% to 4,576,773.98 million RMB compared to 5,205,174.37 million RMB in Q3 2022[14]. Research and Development - Research and development expenses increased by 83.1%, indicating a rise in investment in R&D activities[9]. - Research and development expenses rose to CNY 362.28 million, an increase of 83.1% from CNY 197.86 million year-over-year[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 69,878, reflecting a stable shareholder base[11]. - The largest shareholder, Shaanxi Coal and Chemical Industry Group, holds 65.12% of the shares, indicating strong control over the company[11].