HZIS(600126)2024-10-29 08:41Financial Performance - The company's operating revenue for Q3 2024 was approximately ¥14.71 billion, representing a 7.03% increase compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was a loss of approximately ¥410.29 million, a decrease of 1,452.36% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was a loss of approximately ¥480.96 million, a decrease of 13,155.57% year-on-year[2]. - The basic earnings per share for Q3 2024 was -¥0.12, reflecting a decrease of 1,300.00% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2024 reached ¥48.26 billion, an increase of 22.3% compared to ¥39.47 billion in the same period of 2023[15]. - Net profit for the third quarter of 2024 was ¥86.39 million, with a net profit attributable to shareholders of the parent company of ¥85.58 million[16]. - Total comprehensive income for the third quarter of 2024 was ¥84.55 million, with comprehensive income attributable to shareholders of the parent company at ¥83.80 million[16]. Assets and Liabilities - The total assets at the end of Q3 2024 were approximately ¥32.08 billion, an increase of 2.82% from the end of the previous year[4]. - The equity attributable to shareholders at the end of Q3 2024 was approximately ¥19.57 billion, a decrease of 3.09% from the end of the previous year[4]. - Current assets totaled CNY 16.68 billion, slightly up from CNY 16.37 billion, indicating a growth of about 1.9%[12]. - Total liabilities rose to CNY 12.32 billion from CNY 10.99 billion, an increase of approximately 12.1%[14]. - The company's total equity decreased to CNY 19.77 billion from CNY 20.21 billion, reflecting a decline of about 2.2%[14]. - The total assets decreased to ¥17,965,497,257.74 from ¥20,338,867,264.23, indicating a reduction of about 11.7% year-over-year[20]. - The total liabilities decreased to ¥2,737,412,916.49 from ¥5,086,818,416.69, a reduction of about 46.1%[21]. Cash Flow - The company reported a net cash flow from operating activities of approximately ¥180.14 million for the year-to-date period[2]. - Cash flow from operating activities improved to 485.52 million, driven by increased cash receipts from sales and services[8]. - Cash flow from investing activities decreased to -581.54 million, mainly due to increased net outflow from financial investments[8]. - Cash flow from financing activities decreased to -131.67 million, impacted by reduced borrowings and increased debt repayments[8]. - The company's net cash flow from operating activities was ¥180.14 million for the first three quarters of 2024, a significant improvement from a net outflow of ¥46.73 million in the same period of 2023[17]. - The net cash flow from financing activities was negative at -¥590,611,423.93, a significant decline compared to a positive cash flow of ¥1,864,790,939.18 in the previous year[18]. Costs and Expenses - Operating costs rose to 24.23 million, reflecting higher costs in the recycling business compared to the previous year[8]. - Research and development expenses for the first three quarters of 2024 amounted to ¥384.33 million, slightly up from ¥377.56 million in the same period of 2023[15]. - The company's management expenses increased to ¥11,214,236.62 from ¥9,590,488.92, showing an increase of approximately 16.9%[22]. - Interest expenses decreased to ¥90,400,157.76 from ¥166,194,804.20, a reduction of about 45.4%[22]. Investment and Income - The company received government subsidies amounting to approximately ¥85.32 million during the reporting period, contributing to its non-recurring gains[5]. - Investment income increased to 119.41 million, with a year-on-year increase of 6057.83 million in dividends received from associated companies[8]. - The total investment income for Q3 2024 was CNY 135,852,668.72, compared to CNY 9,131,334.15 in Q3 2023[23]. - The company recorded an investment income of ¥8.06 million in the first three quarters of 2024, a recovery from a loss of ¥41.55 million in the same period of 2023[15]. Market Conditions - The company experienced a significant decline in profitability due to falling steel prices and high raw material costs, particularly iron ore and energy[6]. - Net profit decreased to -617.24 million, attributed to declining steel prices and high raw material costs[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,919[9]. - Minority interests increased to 1,683.03 million, primarily due to investments from minority shareholders in a subsidiary[8]. Other Information - The company did not apply new accounting standards for the year 2024[26].