2022-10-23 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 40,701,711,226.41, a decrease of 2.49% compared to the same period last year[2]. - Net profit attributable to shareholders for the quarter was CNY 1,157,999,914.03, an increase of 0.73% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,237,757,938.46, a significant increase of 141.26% compared to the same period last year[2]. - The total operating revenue for the first three quarters of 2022 reached RMB 132.47 billion, an increase from RMB 126.56 billion in the same period of 2021, representing a growth of approximately 4.8%[22]. - The net profit attributable to shareholders of the parent company for the third quarter of 2022 was RMB 5.31 billion, compared to RMB 3.56 billion in the same quarter of 2021, reflecting a year-on-year increase of about 49.2%[23]. - The comprehensive income total for the third quarter of 2022 was RMB 14.84 billion, compared to RMB 2.53 billion in the same quarter of 2021, indicating a significant increase of approximately 485.5%[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 170,799,324,443.34, representing a year-on-year increase of 24.26%[5]. - The equity attributable to shareholders at the end of the reporting period was CNY 50,855,933,868.99, an increase of 27.63% compared to the previous year[5]. - The total assets of the company as of September 30, 2022, were RMB 95.26 billion, compared to RMB 70.96 billion at the end of 2021, showing substantial growth[19]. - The company's total liabilities as of September 30, 2022, were RMB 56.12 billion, reflecting an increase from RMB 43.12 billion at the end of 2021[19]. - The company's total liabilities increased to RMB 109.64 billion in the third quarter of 2022, compared to RMB 89.19 billion in the same quarter of 2021, marking an increase of about 23.0%[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 10,805,720,899.93, reflecting a year-on-year increase of 329.69%[4]. - The company's cash flow from operating activities for the first three quarters of 2022 was RMB 9.40 billion, compared to RMB 6.37 billion in the same period of 2021, representing an increase of about 47.5%[23]. - The net cash flow from operating activities for the first nine months of 2022 was approximately CNY 10.81 billion, a significant increase from CNY 2.51 billion in the same period of 2021, reflecting a year-over-year growth of over 330%[25]. - The ending balance of cash and cash equivalents was CNY 34.28 billion, compared to CNY 21.66 billion at the end of the same period last year, representing a year-over-year increase of approximately 58%[26]. - The company received CNY 81.51 billion in cash from borrowings, which is an increase from CNY 67.91 billion in the previous year, reflecting a growth of about 20%[25]. Production and Sales - The company reported a total production of 187,391 tons of copper, with a year-on-year increase of 23.02%, while sales decreased by 10.61% to 130,414 tons[15]. - Cobalt production reached 15,277 tons, reflecting a year-on-year increase of 37.63%, with sales increasing by 12.53% to 12,231 tons[15]. Investments and Projects - The company is investing up to $1.826 billion in the KFM development project in the Democratic Republic of Congo, with significant progress in construction and equipment installation[17]. - The company signed an investment framework agreement with CATL and Sichuan Times, allowing CATL to indirectly hold 24.68% of the company’s shares[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 426,228[10]. - The company’s largest shareholder, Hongshang Industrial Holdings Group, holds 24.69% of the shares, totaling 5,333,220,000 shares[12]. Research and Development - Research and development expenses for the first three quarters of 2022 were RMB 316.79 million, significantly higher than RMB 111.82 million in the same period of 2021, showing an increase of approximately 183.5%[22]. Digital Transformation - The company has successfully implemented its SAP digital platform, enhancing operational efficiency and automating financial processes[17].