中煤能源(601898) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 46,851,788, a decrease of 18.2% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2023 was CNY 4,853,144, down 18.5% year-on-year[3]. - The basic earnings per share for Q3 2023 was CNY 0.37, a decrease of 17.8% compared to CNY 0.45 in the same period last year[3]. - The weighted average return on equity decreased by 1.19 percentage points to 3.45% in Q3 2023[3]. - The company's net profit attributable to shareholders for the first nine months of 2023 was CNY 16,688.04 million, a decrease of 13.5% compared to CNY 19,327.69 million in the same period of 2022[10]. - The total comprehensive income for Q3 2023 was CNY 21,873,390, down from CNY 26,935,510 in the same period last year, reflecting a decline of 18.7%[28]. - The net profit for Q3 2023 was CNY 21,759,020, a decrease of 18.5% compared to CNY 26,788,892 in Q3 2022[27]. - Operating profit for Q3 2023 was CNY 27,879,148, compared to CNY 34,335,121 in Q3 2022, representing a decrease of 18.7%[27]. Revenue and Sales - The total sales revenue from coal business for the first nine months of 2023 was CNY 132.37 billion, down 12.4% from CNY 151.18 billion year-on-year[12]. - The sales volume of commercial coal reached 21,480,000 tons in the first nine months of 2023, up 5.1% from 20,442,000 tons year-on-year[8]. - The company produced 10,117,000 tons of commercial coal in the first nine months of 2023, a 10.0% increase from 9,200,000 tons in the same period last year[8]. - Urea sales volume rose by 20.8% to 170.4 million tons, with a selling price of 2,408 RMB/ton, down 9.0% year-on-year[16]. - The sales volume of polyolefins increased by 3.0% to 110.5 million tons, while the average selling price decreased by 8.0% to 6,914 RMB/ton[16]. Costs and Expenses - The total operating costs for the first three quarters of 2023 were RMB 130,958,284 thousand, down 8.5% from RMB 143,176,204 thousand in the same period of 2022[26]. - The sales cost of coal business decreased to CNY 100.91 billion, a decline of 9.4% compared to CNY 111.42 billion in the previous year[12]. - The gross profit from coal business for the first nine months of 2023 was CNY 31.46 billion, down 20.9% from CNY 39.76 billion in the same period of 2022[12]. - Material costs decreased by 8.9% to 54.53 million from 59.85 million year-on-year[15]. - The company's financial expenses for the first three quarters of 2023 were RMB 806,156,000, down from RMB 1,019,686,000 in the same period of 2022, a reduction of about 20.9%[36]. Cash Flow - The company reported a net cash flow from operating activities of CNY 28,355,172 for the year-to-date, a decrease of 25.0% compared to the previous year[3]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 180,393,101, down from CNY 205,568,476 in the same period of 2022, a decline of 12.2%[29]. - The net cash flow from operating activities for Q3 2023 was CNY 28,355,172, compared to CNY 37,817,926 in Q3 2022, a decrease of 25.0%[30]. - Cash inflow from investment activities was CNY 10,063,141 thousand, down from CNY 14,175,710 thousand year-over-year, reflecting a decrease of approximately 29.8%[38]. - The company incurred a total of CNY 44,499,948 in cash outflows from financing activities in Q3 2023, compared to CNY 26,875,760 in Q3 2022, an increase of 65.3%[30]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 345,673,900, an increase of 1.6% from the end of the previous year[3]. - The total liabilities decreased to RMB 165,173,388 thousand as of September 30, 2023, from RMB 175,055,030 thousand at the end of 2022, a reduction of 5.0%[24]. - The company's total assets as of September 30, 2023, were RMB 345,673,900 thousand, compared to RMB 340,223,173 thousand at the end of 2022, reflecting a growth of 1.3%[23]. - The company's total liabilities decreased to RMB 51,918,428,000 as of September 30, 2023, from RMB 59,325,946,000 at the end of 2022, reflecting a decline of about 12.3%[35]. - The company's total equity as of September 30, 2023, was RMB 83,257,548,000, down from RMB 86,371,100,000 at the end of 2022, reflecting a decrease of approximately 3.3%[35]. Future Outlook and Strategy - The company plans to continue expanding its market presence and developing new technologies in the coal sector[10]. - The company plans to maintain its focus on environmental restoration costs related to coal mining, which are included in other costs[15]. - The company plans to continue focusing on market expansion and new product development as part of its future strategy[25].