2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥44,955,987,324, representing a year-on-year increase of 10.45%[5] - Net profit attributable to shareholders for Q3 2023 was ¥1,739,970,860, marking a significant increase of 50.26% compared to the same period last year[5] - The net profit excluding non-recurring gains and losses for Q3 2023 was ¥1,135,381,314, a decrease of 8.27% year-on-year[6] - Basic earnings per share for Q3 2023 were ¥0.081, up by 47.82% from the previous year[6] - The company reported a year-to-date net profit attributable to shareholders of ¥2,443,115,073, a decline of 53.96% compared to the same period last year[5] - Net profit for the first three quarters of 2023 was ¥2.27 billion, a decrease of 63.5% compared to ¥6.23 billion in the same period of 2022[22] - Operating revenue for the first three quarters of 2023 was ¥131.68 billion, slightly down from ¥132.47 billion in the same period of 2022, reflecting a decrease of 0.6%[22] - The total comprehensive income for Q3 2023 was approximately 4.50 billion RMB, down from 14.84 billion RMB in Q3 2022, with the income attributable to the parent company at about 4.37 billion RMB[23] - Basic and diluted earnings per share for Q3 2023 were both 0.114 RMB, a decrease from 0.248 RMB in Q3 2022[23] Assets and Liabilities - Total assets as of the end of Q3 2023 amounted to ¥184,682,980,181, reflecting an increase of 11.92% compared to the end of the previous year[6] - Total liabilities amounted to ¥117.65 billion, up from ¥102.98 billion, indicating an increase of about 14.2% year-over-year[20] - Cash and cash equivalents as of September 30, 2023, were ¥36.37 billion, up from ¥32.65 billion at the end of 2022, representing an increase of about 11.5%[19] - The company's inventory increased to ¥34.87 billion from ¥32.25 billion, reflecting a growth of approximately 8.1%[19] - The total equity attributable to shareholders increased to ¥54.41 billion from ¥51.70 billion, a rise of about 5.3% year-over-year[20] Production and Sales - The company reported a significant increase in copper production, with a total of 267,139 tons produced, representing a year-on-year increase of 42.56%[14] - Cobalt production reached 37,259 tons, showing a remarkable year-on-year increase of 143.89%[14] - The sales volume of refined metal products increased by 25.35% year-on-year, totaling 2,876,073 tons[14] - The sales volume of phosphate fertilizer increased by 26.60% year-on-year, totaling 900,969 tons[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥10,099,780,928, a decrease of 6.53% compared to the previous year[6] - Cash inflows from operating activities in the first three quarters of 2023 totaled approximately 133.19 billion RMB, an increase from 128.37 billion RMB in the same period last year[24] - Cash outflows from operating activities in Q3 2023 were approximately 123.09 billion RMB, compared to 117.56 billion RMB in Q3 2022[25] - The net cash flow from operating activities for Q3 2023 was approximately 10.10 billion RMB, down from 10.81 billion RMB in Q3 2022[25] - The company reported a net cash flow from investing activities of approximately -10.69 billion RMB in Q3 2023, compared to -8.02 billion RMB in Q3 2022[25] - Cash and cash equivalents at the end of Q3 2023 amounted to approximately 31.12 billion RMB, down from 34.28 billion RMB at the end of Q3 2022[26] - The company’s financing cash inflows in Q3 2023 were approximately 73.47 billion RMB, a decrease from 88.49 billion RMB in Q3 2022[26] - The company paid approximately 64.71 billion RMB in debt repayments during Q3 2023, compared to 72.79 billion RMB in Q3 2022[26] Shareholder Information - The total number of common shareholders at the end of the reporting period was 247,231, with the top ten shareholders holding a combined 72.67% of shares[11] - Hongshang Industrial Holding Group Co., Ltd. is the largest shareholder, holding 533,322,000 shares, accounting for 24.69% of total shares[13] - As of the reporting date, the second largest shareholder, Luoyang Mining Group, has pledged 5,329,780,425 shares, which is 24.68% of the total share capital[13] - The company repurchased 204,930,407 shares through a dedicated repurchase account, which is not listed among the top ten shareholders[13] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[9] - The company has established an ESG Development Department to promote sustainable development strategies and aims for carbon neutrality by 2050[16] Cost and Expenses - The company's total operating costs increased to ¥128.63 billion in 2023 from ¥123.36 billion in 2022, marking a rise of approximately 4.5%[22] - Research and development expenses decreased to ¥220.17 million in 2023 from ¥316.79 million in 2022, a reduction of about 30.3%[22] - The company reported a significant increase in financial expenses, which rose to ¥2.04 billion in 2023 from ¥1.20 billion in 2022, an increase of approximately 70.5%[22] Other Financial Metrics - The weighted average return on equity for Q3 2023 was 3.26%, an increase of 1.04 percentage points year-on-year[6] - In Q3 2023, the company reported a net loss attributable to minority shareholders of approximately -169.20 million RMB, compared to a profit of 919.87 million RMB in the same period last year[23]