BSGCO(SZ:000959)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 27,651.66 million, a decrease of 3.19% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was CNY 2,460.34 million, reflecting a year-on-year decrease of 7.34%[3]. - The basic earnings per share for Q3 2023 was CNY 0.0696, down 49.49% from the previous year[3]. - Total operating revenue for the current period is ¥85,019,758,489.71, a decrease of 7.5% from ¥91,756,970,948.56 in the previous period[11]. - Net profit for the current period is ¥1,030,313,132.56, a decline of 51.7% compared to ¥2,135,712,278.05 in the previous period[12]. - Operating profit for the current period is ¥1,228,730,478.07, down 52.2% from ¥2,570,405,674.13 in the previous period[12]. - Total profit for the current period is ¥1,228,722,748.10, a decrease of 52.0% from ¥2,556,992,268.51 in the previous period[12]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 143,173.45 million, a decrease of 1.29% compared to the end of the previous year[3]. - As of September 30, 2023, the total assets of Beijing Shougang Co., Ltd. amounted to CNY 141.33 billion, a decrease from CNY 143.17 billion at the beginning of the year[9][10]. - The company's total liabilities decreased by 1.29% compared to the previous year, indicating improved financial stability[3]. - The total liabilities decreased to CNY 86.99 billion from CNY 93.10 billion, showing a reduction of about 6.5%[10]. - The company's equity attributable to shareholders rose to CNY 49.76 billion from CNY 47.95 billion, an increase of approximately 3.8%[10]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 3,467.88 million, down 38.10% year-on-year[3]. - The net cash flow from operating activities for Q3 2023 was CNY 3,467,884,006.80, a decrease of 38.1% compared to CNY 5,602,538,922.63 in Q3 2022[14]. - Total cash inflow from operating activities was CNY 47,181,055,580.21, up from CNY 44,743,334,975.00 in the same period last year[14]. - The ending cash and cash equivalents balance was CNY 7,262,672,344.86, down from CNY 7,909,351,311.82 at the end of Q3 2022[14]. - The company reported a total cash outflow from operating activities of CNY 43,713,171,573.41, an increase from CNY 39,140,796,052.37 in the same quarter last year[14]. Investments and Expenses - The company reported a significant increase in non-operating income, with government subsidies amounting to CNY 20,772,477.61 for the current period[4]. - Research and development expenses decreased to ¥323,376,350.99 from ¥482,055,118.30, a reduction of 32.9%[11]. - Investment loss for the current period is ¥160,089,637.25, compared to a loss of ¥126,094,431.69 in the previous period[11]. Shareholder Information - The company’s major shareholders include Shougang Group with a 56.53% stake and China Baowu Steel Group with a 10.15% stake[6]. Operational Metrics - The company's current assets totaled CNY 36.03 billion, compared to CNY 34.74 billion in the previous period, indicating an increase of approximately 3.7%[9]. - The cash and cash equivalents decreased to CNY 7.74 billion from CNY 9.47 billion, reflecting a decline of about 18.3%[8]. - Accounts receivable increased to CNY 1.71 billion, up from CNY 1.45 billion, representing a growth of approximately 18%[8]. - The inventory level increased to CNY 13.05 billion, compared to CNY 11.96 billion, indicating a rise of about 9.1%[8]. - Short-term borrowings decreased to CNY 26.23 billion from CNY 29.58 billion, a decline of approximately 11.9%[9]. - The company reported a significant increase in accounts payable, which rose to CNY 22.11 billion from CNY 19.81 billion, reflecting an increase of about 11.6%[9]. - The non-current assets totaled CNY 105.29 billion, down from CNY 108.44 billion, indicating a decrease of approximately 2%[9].