JSHX(600307)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was approximately ¥9.50 billion, a decrease of 7.95% compared to ¥10.32 billion in the same period last year[7]. - The net profit attributable to shareholders was approximately ¥38.20 million, a significant improvement from a net loss of ¥1.48 billion in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥14.53 million, compared to a loss of ¥1.49 billion in the same period last year[7]. - The basic earnings per share for Q3 2023 was ¥0.0061, recovering from a loss of ¥0.2371 in the same period last year[7]. - The weighted average return on equity increased to 0.35%, up 11.76 percentage points from -11.42% in the previous year[7]. - The company reported a net loss of approximately ¥357.09 million for Q3 2023, an improvement from a net loss of ¥1.53 billion in the same period last year[22]. - The total comprehensive income attributable to the parent company was -357,085,637.42 RMB, compared to -1,527,066,539.60 RMB in the previous period, indicating an improvement[42]. - Basic and diluted earnings per share were both -0.0570 RMB, an improvement from -0.2438 RMB in the previous period[42]. Revenue and Costs - Total revenue for the first three quarters of 2023 was approximately ¥30.11 billion, down 17.52% from ¥36.51 billion in the same period last year[22]. - Total operating costs for the first three quarters of 2023 were approximately ¥30.62 billion, a decrease from ¥38.37 billion in the previous year[22]. - Operating costs decreased by 21.26% due to a reduction in steel production and sales, alongside cost-cutting measures[35]. Cash Flow - The net cash flow from operating activities for the year-to-date period was approximately ¥298.51 million, down 82.28% from ¥1.68 billion in the previous year[7]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥298,514,288.93, a significant decrease of 82.28% compared to ¥1,684,618,918.33 in the same period of 2022[23]. - Cash inflows from operating activities totaled ¥26,510,132,538.73, down from ¥31,014,472,576.90 in the same period of 2022[23]. - The net cash flow from investing activities was -¥2,539,370,923.11, worsening from -¥1,369,624,695.57 year-on-year[23]. - The net cash flow from financing activities improved to ¥1,359,577,706.97, compared to a negative cash flow of -¥434,370,456.77 in the same period last year[24]. Assets and Liabilities - Total assets at the end of the reporting period increased by 3.72% to ¥41,905,231,983.20 from ¥40,383,993,945.28 at the end of the previous year[30]. - Total liabilities rose to 31,064,538,088.80 RMB, up from 29,210,997,817.87 RMB, representing an increase of about 6.3%[40]. - Non-current liabilities increased significantly to 9,738,792,874.34 RMB from 6,189,042,513.82 RMB, marking a rise of approximately 57.5%[40]. - Current liabilities decreased to 21,325,745,214.46 RMB from 23,021,955,304.05 RMB, a reduction of about 7.4%[40]. - The total equity attributable to shareholders decreased by 3.12% to ¥10,840,693,894.40 from ¥11,189,461,165.37 at the end of the previous year[30]. - The company's total equity attributable to shareholders decreased to 10,840,693,894.40 RMB from 11,189,725,455.00 RMB, a decline of approximately 3.1%[40]. Receivables and Other Income - Accounts receivable increased by 51.67% to approximately ¥245.55 million, primarily due to increased receivables from strategic customers[35]. - Other receivables rose by 73.51% to approximately ¥76.11 million, mainly due to an increase in expenditure guarantees[35]. - Other income surged by 455.64% to approximately ¥1.36 billion, largely due to government subsidies recognized during the period[35]. - Investment income increased by 134.35% to approximately ¥74.70 million, reflecting higher dividend receipts from financial companies[35]. Cash and Debt Management - Cash and cash equivalents at the end of the reporting period decreased to ¥2,104,381,662.72 from ¥3,225,286,525.09, reflecting a decline of 34.69%[24]. - The company paid ¥9,925,301,200.00 in debt repayments, an increase from ¥8,970,344,390.08 in the previous year[24]. - The company received cash from borrowing amounting to ¥11,644,990,000.00, an increase from ¥10,170,020,000.00 in the previous year[24]. - The company reported a decrease in tax refunds received, totaling ¥65,763,254.91 compared to ¥412,819,229.53 in the previous year[23]. - The company reported a significant decrease in contract liabilities, dropping to 505,285,412.44 RMB from 1,296,730,986.80 RMB, a decline of about 61%[40]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 208,382[37]. - The largest shareholder, Jiuquan Steel Group Co., Ltd., holds 54.79% of the shares[37]. Accounting and Reporting - The company has not adopted new accounting standards for the current year, maintaining consistency in financial reporting[50].