中信特钢(000708) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥26,498,640,138.95, a decrease of 5.66% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥1,110,767,506.43, down 16.77% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,070,415,309.68, a decline of 17.57% compared to the previous year[2] - The basic earnings per share for Q3 2024 was ¥0.220, representing a decrease of 16.67% year-on-year[2] - Total operating revenue for Q3 2024 was CNY 83.50 billion, a decrease of 3.3% compared to CNY 86.41 billion in the same period last year[12] - Net profit for Q3 2024 was CNY 4.02 billion, a decrease of 10.5% from CNY 4.50 billion in Q3 2023[13] - Earnings per share for Q3 2024 was CNY 0.760, compared to CNY 0.867 in the same quarter last year[13] - The total comprehensive income for Q3 2024 was CNY 4.03 billion, compared to CNY 4.51 billion in the same quarter last year, indicating a decline of 10.5%[13] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥113,037,779,847.61, a decrease of 2.98% from the end of the previous year[2] - The total current assets decreased from CNY 51.25 billion to CNY 49.15 billion, a decline of approximately 4.1%[9] - The company's total liabilities decreased to CNY 70.43 billion from CNY 74.87 billion year-over-year, a reduction of 5.8%[11] - The total equity attributable to shareholders increased to CNY 39.65 billion, up from CNY 38.61 billion, reflecting a growth of 2.7%[11] - The total assets decreased from CNY 116.51 billion to CNY 113.04 billion, a decline of approximately 3.1%[10] - The total non-current assets decreased from CNY 65.26 billion to CNY 63.89 billion, a decline of about 2.1%[10] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥4,034,301,111.18, a decrease of 25.66% year-on-year[2] - Cash inflow from operating activities totaled approximately ¥65.32 billion, slightly up from ¥65.31 billion year-on-year[14] - Cash outflow from operating activities was approximately ¥61.28 billion, compared to ¥59.88 billion in the previous year, resulting in a net cash flow from operating activities of approximately ¥4.03 billion, down from ¥5.43 billion[14] - Cash inflow from investment activities was approximately ¥139.47 million, down from ¥150.61 million year-on-year[15] - Cash outflow from investment activities totaled approximately ¥660.45 million, significantly lower than ¥2.23 billion in the previous year, leading to a net cash flow from investment activities of approximately -¥520.98 million, an improvement from -¥2.08 billion[15] - Cash inflow from financing activities was approximately ¥25.71 billion, up from ¥21.18 billion year-on-year[15] - Cash outflow from financing activities was approximately ¥31.81 billion, compared to ¥26.57 billion in the previous year, resulting in a net cash flow from financing activities of approximately -¥6.10 billion, worsening from -¥5.39 billion[15] - The ending balance of cash and cash equivalents was approximately ¥5.28 billion, down from ¥6.71 billion in the previous year[15] Expenses and Subsidies - The company reported a total of ¥37,304,588.66 in government subsidies recognized in Q3 2024, primarily from government grants and deferred income amortization[4] - Research and development expenses for Q3 2024 were CNY 3.47 billion, a slight decrease of 2.4% from CNY 3.56 billion in the previous year[12] - The company reported a decrease in tax expenses to CNY 462.71 million from CNY 661.39 million, a reduction of 30% year-over-year[13] - The company reported a decrease in employee compensation payments to approximately ¥4.76 billion, compared to ¥4.89 billion in the previous year[14] Asset Management - The company recorded a loss of ¥13,381,555.37 from the scrapping of non-current assets during the reporting period[4] - Accounts receivable increased from CNY 5.20 billion to CNY 8.24 billion, an increase of approximately 58.5%[9] - Inventory decreased from CNY 17.21 billion to CNY 15.94 billion, a decline of about 7.4%[9] - Short-term borrowings increased from CNY 8.67 billion to CNY 10.99 billion, an increase of approximately 26.8%[10] - Accounts payable decreased from CNY 17.67 billion to CNY 13.16 billion, a reduction of about 25.6%[10] - The company reported a significant increase in accounts receivable financing from CNY 4.82 billion to CNY 5.68 billion, an increase of approximately 17.7%[9] - The company has no reported participation in margin financing activities among the top shareholders[8] Earnings Per Share - The weighted average return on equity was 2.84%, down 0.82 percentage points compared to the same period last year[2] - The diluted earnings per share for the third quarter were 0.747, down from 0.861 in the previous period[14]