中信特钢(000708) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥28,089,153,328.48, representing an 18.58% increase compared to ¥23,688,671,847.34 in the same period last year[4] - Net profit attributable to shareholders was ¥1,334,534,270.57, a decrease of 24.45% from ¥1,766,514,763.31 in the previous year[4] - Basic earnings per share decreased by 24.57% to ¥0.264 from ¥0.350 in the previous year[5] - The net profit for the current period was CNY 4.50 billion, a decrease from CNY 5.55 billion in the previous period, reflecting a decline of approximately 19.0%[17] - The total comprehensive income for the current period was CNY 4.51 billion, compared to CNY 5.57 billion in the previous period, reflecting a decline of about 19.0%[18] Cash Flow - The net cash flow from operating activities was ¥5,426,550,383.37, down 29.25% from ¥7,670,135,180.24 in the same period last year[5] - The net cash flow from operating activities for Q3 2023 was CNY 5,426,550,383.37, a decrease of 29.2% compared to CNY 7,670,135,180.24 in Q3 2022[20] - The total cash inflow from operating activities was CNY 65,311,175,359.05, compared to CNY 52,988,280,604.81 in Q3 2022, reflecting a growth of 23.4%[20] - Cash outflow for operating activities was CNY 59,884,624,975.68, an increase from CNY 45,318,145,424.57 in the previous year[20] - The net cash flow from investment activities was CNY -2,083,792,769.18, worsening from CNY -536,548,156.89 in the same quarter last year[20] Assets and Liabilities - Total assets increased by 29.32% to ¥117,395,107,509.36 from ¥90,774,617,316.29 at the end of the previous year[5] - As of September 30, 2023, the total assets of CITIC Pacific Special Steel Group Co., Ltd. amounted to CNY 117.40 billion, an increase from CNY 90.78 billion at the beginning of the year[12][13] - Total liabilities reached CNY 76.96 billion, compared to CNY 54.34 billion at the beginning of the year, representing a 41.8% increase[14] - The company's equity increased slightly, with total equity reported at CNY 40.43 billion as of September 30, 2023[14] Shareholder Information - The company reported a total of 30,422 common shareholders at the end of the reporting period[8] - The largest shareholder, CITIC Tai Steel Investment Co., Ltd., holds 75.05% of the shares[8] Government Subsidies - The company received government subsidies amounting to ¥42,492,758.28 in Q3 2023, contributing to a total of ¥159,911,082.07 for the year-to-date[6] Strategic Initiatives - The company completed the acquisition of a 60% stake in Shanghai Zhongte Taifu Steel Pipe Co., Ltd., enhancing its market position[11] - The company is focused on expanding its market presence through strategic acquisitions and investments in new technologies[11] Accounting Changes - The company has implemented changes in accounting policies effective from January 1, 2023, in accordance with the Ministry of Finance's regulations[5] Operating Costs and Expenses - The total operating costs amounted to CNY 81.27 billion, up from CNY 69.31 billion, indicating a rise of about 17.3%[16] - The research and development expenses for the current period were CNY 3.56 billion, compared to CNY 3.16 billion in the previous period, marking an increase of about 12.6%[17] - The financial expenses for the current period were CNY 570.62 million, an increase from CNY 316.05 million, indicating a rise of approximately 80.5%[17]