Hainan Mining(SH:601969)2023-10-27 16:00Financial Performance - Total operating revenue for the first three quarters of 2023 was CNY 3,700,417.42 thousand, a decrease of 2.45% compared to CNY 3,793,030.49 thousand in the same period of 2022[10] - Total operating costs increased to CNY 3,196,529.12 thousand in 2023, up 6.49% from CNY 3,001,814.80 thousand in 2022[10] - Net profit for the third quarter of 2023 was CNY 480,171.41 thousand, down 32.94% from CNY 716,305.51 thousand in the same quarter of 2022[10] - The net profit attributable to the parent company shareholders for the third quarter of 2023 was CNY 480.17 million, a decrease from CNY 597.72 million in the same period last year, representing a decline of approximately 19.7%[14] - The total comprehensive income for the third quarter of 2023 was CNY 549.38 million, down from CNY 951.09 million year-over-year, indicating a decrease of about 42.3%[14] - The basic earnings per share for the third quarter of 2023 was CNY 0.24, compared to CNY 0.30 in the previous year, reflecting a decline of 20%[16] Cash Flow and Liquidity - Cash and cash equivalents decreased to CNY 3,242,912.19 thousand from CNY 3,711,336.44 thousand year-over-year, representing a decline of 12.63%[2] - The net cash flow from operating activities for the first three quarters of 2023 was CNY 1,122.59 million, up from CNY 953.93 million year-over-year, representing a growth of approximately 17.7%[16] - The net cash flow from investing activities for the third quarter of 2023 was CNY -1,176.49 million, worsening from CNY -487.82 million in the same period last year[19] - The net cash flow from financing activities for the third quarter of 2023 was CNY -397.32 million, compared to CNY 105.72 million in the previous year, indicating a significant decline[19] - The cash and cash equivalents at the end of the third quarter of 2023 were CNY 3,216.81 million, down from CNY 3,868.74 million at the end of the previous year, a decrease of about 16.8%[19] Assets and Liabilities - Total assets as of September 30, 2023, were CNY 11,533,720.41 thousand, down from CNY 11,945,570.67 thousand at the end of 2022, a decrease of 3.45%[5] - Total liabilities increased to CNY 4,868,450.00 thousand in 2023, compared to CNY 4,571,851.53 thousand in 2022, reflecting an increase of 6.49%[7] - The company’s total non-current assets decreased to CNY 5,927,540.61 thousand from CNY 6,016,574.42 thousand, a decline of 1.48%[5] - The company’s total liabilities at the end of the reporting period were CNY 5,928.99 million, indicating a stable financial position compared to the previous year[23] Research and Development - Research and development expenses for the third quarter of 2023 were CNY 49,526.42 thousand, up from CNY 42,635.93 thousand in the same quarter of 2022, an increase of 16.5%[10] Production and Operations - The company's raw ore production reached 1,561,000 tons, an increase of 17.91% year-over-year[49] - The total oil and gas production amounted to 1,675,400 barrels of oil equivalent, reflecting a significant increase of 44.91% year-over-year[49] - The production of mixed ore reached 254,900 tons, a substantial increase of 276% year-over-year[49] - The company completed 4,918 meters of tunneling for the Shiluo Iron Mine project, achieving 46.83% of the annual plan by the end of September[50] Investments and Acquisitions - The company is progressing with the acquisition of a 49% stake in Rock Oil for $163 million, with the transaction deadline extended to December 30, 2023[57] - A loan of 700 million yuan has been secured for the 20,000-ton lithium hydroxide project, with disbursement starting in September 2023[57] Market and Pricing - The average price index for 62% iron ore was $114.04 per ton, up 10.40% year-over-year, while the average spot price for Brent crude oil was $86.75 per barrel, down 13.97% year-over-year[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,842, with the top ten shareholders holding significant stakes, including Hainan Haigang Group Co., Ltd. at 29.35% and Shanghai Fosun Industrial Investment Co., Ltd. at 29.31%[44]