CMES(SH:601872)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥6,032,468,900.55, a decrease of 23.17% compared to ¥7,851,949,650.09 in the same period last year[6]. - Net profit attributable to shareholders was ¥987,515,221.85, reflecting a slight increase of 1.13% from ¥976,096,416.14 in the previous year[6]. - The net profit after deducting non-recurring gains and losses was ¥882,308,035.94, down 6.27% from ¥940,920,805.31 in the same period last year[6]. - Total operating revenue for the first three quarters of 2023 was approximately ¥19.02 billion, a decrease of 11.85% compared to ¥21.58 billion in the same period of 2022[33]. - Net profit for the first three quarters of 2023 was approximately ¥3.82 billion, a slight decrease of 1.83% compared to ¥3.89 billion in the same period of 2022[34]. - The company recorded a total profit of approximately ¥4.05 billion for the first three quarters of 2023, down from ¥4.62 billion in the same period of 2022[34]. - The company’s total comprehensive income for the first three quarters of 2023 was approximately ¥4.68 billion, compared to ¥6.55 billion in the same period of 2022[35]. Cash Flow - Cash flow from operating activities for the year-to-date period increased by 45.18%, reaching ¥6,677,949,023.43 compared to ¥4,599,809,070.96 in the previous year[6]. - The net cash flow from operating activities for the first three quarters of 2023 was CNY 6,677,949,023.43, an increase of 45.2% compared to CNY 4,599,809,070.96 in the same period of 2022[37]. - Total cash inflow from operating activities decreased to CNY 20,526,832,375.37, down 3.2% from CNY 21,200,318,987.79 year-on-year[37]. - Cash outflow from operating activities decreased to CNY 13,848,883,351.94, a reduction of 16.7% compared to CNY 16,600,509,916.83 in the previous year[37]. - The net cash flow from investing activities was -CNY 2,964,371,049.35, worsening from -CNY 1,292,967,270.82 in the same period last year[38]. - Cash inflow from financing activities increased significantly to CNY 5,655,011,952.50, compared to CNY 2,496,113,973.12 in the previous year, marking a growth of 126.5%[38]. - The net cash flow from financing activities was -CNY 10,070,197,850.76, compared to -CNY 4,237,538,471.44 in the same period last year, indicating a decline in financing efficiency[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥61,488,447,944.27, a decrease of 6.09% from ¥65,469,954,370.01 at the end of the previous year[7]. - The company's current assets totaled CNY 11.13 billion, down from CNY 17.92 billion at the beginning of the year, indicating a decline of approximately 38.2%[28]. - The company's cash and cash equivalents were CNY 4.84 billion, significantly reduced from CNY 11.23 billion at the start of the year, representing a decrease of about 56.9%[28]. - Total liabilities reached CNY 24.72 billion, down from CNY 31.97 billion at the beginning of the year, reflecting a decrease of approximately 22.7%[29]. - Total current liabilities amounted to approximately ¥8.97 billion, with short-term borrowings at ¥2.02 billion and accounts payable at ¥2.35 billion[42]. - Total non-current liabilities reached approximately ¥23.00 billion, primarily driven by long-term borrowings of ¥22.23 billion[42]. Shareholder Equity - Shareholders' equity attributable to the parent company increased by 9.74%, reaching ¥36,270,487,807.33 compared to ¥33,047,137,611.70 at the end of the previous year[7]. - The company's equity attributable to shareholders increased to CNY 36.27 billion from CNY 33.05 billion, marking an increase of about 6.7%[29]. - The retained earnings were approximately ¥11.61 billion, showing a minor increase compared to the last reporting period[43]. Market Performance - Operating revenue decreased by 11.85% year-on-year, primarily due to the significant decline in the dry bulk and container shipping markets, despite improvements in the tanker market[12]. - The dry bulk shipping segment reported a 43.01% year-on-year decline in revenue, totaling 5.150 billion yuan[22]. - The container shipping market experienced a 69.48% year-on-year decline in CCFI average, with the company achieving a net profit of 637 million yuan in the first three quarters[21]. - The LNG shipping business generated a net profit of 507 million yuan in the first three quarters, maintaining stable growth[22]. - The company's oil tanker transportation revenue increased by 71.98% year-on-year to 7.242 billion yuan, with a net profit of 2.347 billion yuan[22]. Operational Adjustments - The company has made significant improvements in fleet structure and operational management, demonstrating resilience amid market downturns[21]. - The company adjusted its fleet deployment to increase spot and short-term charters, allowing it to outperform the market in terms of freight rates[18]. - The tanker market faced challenges in Q3 due to seasonal demand weakness and external pressures, but the company maintained confidence in future market conditions[17]. Future Outlook - The company is focused on expanding its market presence and enhancing product development strategies[44]. - Future outlook includes potential mergers and acquisitions to strengthen market position and drive growth[44].