ANSTEEL(000898)2024-10-30 13:11Financial Performance - The company's operating revenue for the reporting period was RMB 23,812 million, a decrease of 7.99% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was RMB -2,395 million, representing a decline of 211.44% year-on-year[3]. - The basic earnings per share were RMB -0.255, down 210.98% from RMB -0.225 in the same period last year[3]. - Total revenue for the nine months ended September 30, 2024, was RMB 79,261 million, a decrease of 7.8% from RMB 85,946 million in the same period last year[19]. - The net loss for the nine months ended September 30, 2024, was RMB 5,058 million, compared to a net loss of RMB 2,085 million in the prior year[19]. - Basic earnings per share for the period were RMB (0.542), compared to RMB (0.225) in the previous year[19]. - Net profit for the nine months ended September 30, 2024, was a loss of RMB (4,696) million, compared to a loss of RMB (1,613) million in the same period last year[23]. Cash Flow - The net cash flow from operating activities was RMB -313 million, a decrease of 110.87% compared to the previous year[3]. - The net cash inflow from operating activities decreased by RMB 3,192 million compared to the same period last year, mainly due to a decrease in cash received from sales of goods and services by RMB 15,722 million[11]. - Operating cash flow for the nine months ended September 30, 2024, was negative at RMB (313) million, a decrease from RMB 2,879 million in the same period last year[20]. - Cash inflow from operating activities totaled 77,032 million year-over-year[24]. - Cash outflow from operating activities was 74,465 million in the prior period[24]. - The ending cash and cash equivalents balance was 1,869 million at the end of the previous period[24]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 98,898 million, an increase of 1.43% from the end of the previous year[3]. - Total liabilities increased to RMB 48,273 million from RMB 41,901 million, marking a rise of 15.6%[17]. - Current assets totaled RMB 27,615 million as of September 30, 2024, slightly up from RMB 27,421 million at the end of 2023[16]. - Long-term borrowings rose significantly to RMB 7,855 million from RMB 5,199 million, an increase of 51.1%[17]. - Total assets as of September 30, 2024, increased to RMB 93,595 million from RMB 91,858 million at the end of 2023, reflecting a growth of 1.9%[21][22]. - Total liabilities increased to RMB 46,015 million as of September 30, 2024, compared to RMB 39,528 million at the end of 2023, marking a rise of 16.5%[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,734, with the largest shareholder, Anshan Iron and Steel Group, holding 53.46%[13]. - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Hong Kong Central Clearing Limited, holding 14.91%[13]. - The company completed the repurchase and cancellation of 450,666 restricted shares held by 14 incentive objects, reducing the total share capital from 9,383,851,972 shares to 9,383,401,306 shares[15]. - The company plans to repurchase and cancel an additional 14,180,048 restricted shares, pending approval from the shareholders' meeting[15]. - The company has not disclosed any relationships or concerted actions among the top shareholders[14]. Investment Activities - The company reported a total of RMB 36 million in non-recurring gains and losses for the reporting period[4]. - The company’s investment income increased by RMB 181 million year-on-year, primarily due to increased investment income from joint ventures[7]. - The net cash outflow from investment activities increased by RMB 218 million compared to the same period last year, primarily due to an increase in cash paid for other investment-related activities by RMB 502 million[12]. - Total cash inflow from investment activities was 818 million year-over-year[24]. Operational Performance - The company experienced a decrease in operating profit, total profit, and net profit due to a greater decline in steel settlement prices compared to raw material prices[7]. - Total operating costs for the same period were RMB 84,507 million, down from RMB 89,105 million, reflecting a reduction of 5.8%[19]. - The company reported a decrease in operating costs to RMB 71,518 million for the nine months ended September 30, 2024, down from RMB 77,501 million in the previous year, a reduction of 7.7%[23]. Audit Information - The company did not undergo an audit for the third quarter report[25].