BSGCO(000959)2024-10-29 11:02Financial Performance - The company's operating revenue for Q3 2024 was ¥25,285,246,576.86, representing a decrease of 8.56% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥191,107,105.63, a decline of 135.39% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥270,345,483.43, down 151.87% from the previous year[2]. - Total operating revenue for Q3 2024 was CNY 81.97 billion, a decrease of 3.8% compared to CNY 85.02 billion in Q3 2023[11]. - Net profit for Q3 2024 was CNY 307.89 million, down 70.1% from CNY 1.03 billion in Q3 2023[12]. - Operating profit for Q3 2024 was CNY 358.27 million, a decline of 70.8% from CNY 1.23 billion in the same period last year[12]. - The company reported a decrease in comprehensive income to CNY 264.16 million in Q3 2024, down from CNY 1.19 billion in Q3 2023[12]. - Basic earnings per share for Q3 2024 were CNY 0.0261, a decrease of 78.9% compared to CNY 0.1244 in Q3 2023[12]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥657,908,706.95, reflecting a decrease of 81.03% compared to the same period last year[2]. - The net cash flow from operating activities for the current period is ¥657,908,706.95, a significant decrease of 81% compared to ¥3,467,884,006.80 in the previous period[14]. - Total cash inflow from operating activities decreased to ¥37,637,818,412.66, down 20% from ¥47,181,055,580.21 year-over-year[14]. - Cash outflow from operating activities totaled ¥36,979,909,705.71, a reduction of 15% compared to ¥43,713,171,573.41 in the previous period[14]. - The cash flow from investing activities showed a net outflow of ¥357,548,516.39, worsening from a net outflow of ¥186,820,469.94 in the previous period[14]. - Cash inflow from financing activities decreased to ¥23,775,000,000.00, down 16% from ¥28,486,333,856.73 year-over-year[14]. - The net cash flow from financing activities was -¥3,939,235,806.56, an improvement from -¥4,347,606,195.68 in the previous period[14]. - The ending cash and cash equivalents balance is ¥5,264,881,564.87, down from ¥7,262,672,344.86 in the previous period[14]. - The company paid ¥1,068,472,866.42 in taxes, a decrease of 48% compared to ¥2,042,125,090.03 in the previous period[14]. - The cash received from investment income was ¥10,128,839.58, a decline from ¥13,312,132.80 in the previous period[14]. - The company’s cash flow from operating activities was impacted by a significant reduction in cash received from sales, which totaled ¥37,073,812,144.14, down 20% from ¥46,234,997,184.17[13]. Assets and Liabilities - The total assets at the end of the reporting period were ¥134,357,402,684.85, a decrease of 2.30% from the end of the previous year[2]. - Total assets decreased to CNY 134.36 billion in Q3 2024 from CNY 137.52 billion in Q3 2023, a reduction of 2.4%[10]. - Total liabilities decreased to CNY 79.98 billion in Q3 2024 from CNY 83.10 billion in Q3 2023, a decline of 3.4%[10]. - The total non-current liabilities amounted to CNY 18.14 billion in Q3 2024, a slight decrease from CNY 18.65 billion in Q3 2023[10]. - The company’s total equity was CNY 54.38 billion in Q3 2024, a minor decrease from CNY 54.42 billion in Q3 2023[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 95,146[5]. - The largest shareholder, Shougang Group Co., Ltd., holds 56.87% of the shares, amounting to 4,420,769,800 shares[5]. - The top ten shareholders accounted for a total of 62.30% of the shares, indicating a concentrated ownership structure[5]. Research and Development - Research and development expenses increased year-over-year due to the rise in scientific research projects[3]. - Research and development expenses increased to CNY 423.59 million in Q3 2024, up 31.1% from CNY 323.38 million in Q3 2023[11]. Other Income and Expenses - The company reported an increase in government subsidies received, contributing to other income growth[3]. - The increase in credit impairment losses was primarily due to higher accounts receivable balances impacting bad debt provisions[4]. - The company recognized carbon emission rights income, leading to an increase in non-operating income[4]. - The company experienced an increase in non-operating expenses due to asset write-off losses recognized during the period[4]. Inventory and Receivables - Accounts receivable increased to 2,025,321,902.46 CNY from 1,365,633,725.20 CNY, reflecting a growth of approximately 48.3%[8]. - Inventory decreased to 10,790,244,113.19 CNY from 12,177,610,585.90 CNY, indicating a reduction of about 11.4%[8]. - The total current assets at the end of the period were 32,849,099,678.65 CNY, slightly up from 32,528,745,920.11 CNY[8]. - Long-term equity investments decreased to 2,183,081,128.19 CNY from 2,420,775,096.36 CNY, a decline of approximately 9.8%[8]. - The company reported a significant increase in accounts receivable financing, which rose to 7,272,031,413.02 CNY from 2,223,431,426.46 CNY[8]. Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[7].