TIANSHAN ALUMINUM(002532)2023-10-26 16:00Financial Performance - Revenue for Q3 2023 was ¥7,548,221,880.15, a decrease of 0.84% compared to ¥7,612,312,589.08 in the same period last year[4] - Net profit attributable to shareholders for Q3 2023 was ¥618,092,853.48, an increase of 53.61% from ¥402,382,278.01 year-on-year[4] - Net profit excluding non-recurring gains and losses for Q3 2023 was ¥598,822,687.66, up 51.36% from ¥395,620,040.24 in the previous year[4] - Total operating revenue for Q3 2023 was CNY 22,343,517,284.79, a decrease of 9.5% compared to CNY 24,729,339,475.70 in the same period last year[17] - Net profit attributable to shareholders for Q3 2023 was CNY 1,098,300,884.06, compared to CNY 1,073,464,825.70 in Q3 2022, reflecting a slight increase[17] - The net profit for Q3 2023 was approximately CNY 1.64 billion, a decrease of 31.8% compared to CNY 2.40 billion in Q3 2022[18] - The total comprehensive income for Q3 2023 was approximately CNY 1.64 billion, down from CNY 2.41 billion in the same period last year, reflecting a decline of 31.9%[18] Cash Flow and Financial Position - The company reported a net cash flow from operating activities of ¥2,264,673, a decrease of 21.12% compared to ¥2,871,377 in the same period last year[4] - Cash flow from operating activities generated a net amount of approximately CNY 2.26 billion, a decrease of 21.1% from CNY 2.87 billion in the previous year[19] - Cash inflow from operating activities totaled approximately CNY 23.81 billion, compared to CNY 24.40 billion in Q3 2022, indicating a decline of 2.4%[19] - Cash outflow from operating activities was approximately CNY 21.55 billion, slightly up from CNY 21.53 billion in the previous year[19] - The net cash flow from financing activities improved by 30.63% to -¥409,150,554.97 in the first nine months of 2023, compared to -¥589,793,604.84 in the same period last year[7] - The company received approximately CNY 7.71 billion in borrowings during the quarter, an increase of 15.1% from CNY 6.69 billion in the same period last year[20] - Cash and cash equivalents decreased to CNY 7,598,116,009.19 from CNY 8,831,869,321.22 at the beginning of the year, a decline of 13.9%[16] - The cash and cash equivalents at the end of Q3 2023 amounted to approximately CNY 1.63 billion, down from CNY 2.05 billion at the end of Q3 2022[20] Assets and Liabilities - Total assets as of September 30, 2023, were ¥56,715,767,322.32, a decrease of 0.74% from the end of the previous year[4] - The total assets as of September 30, 2023, were CNY 56,886,632,514.05, a slight decrease from CNY 57,308,318,731.93 at the beginning of the year[16] - The company’s short-term borrowings increased by 68.15% to ¥6,857,761,940.30 from ¥4,078,388,034.72 at the end of last year[6] - Short-term borrowings rose significantly to CNY 6,857,761,940.30, an increase of 68.2% compared to CNY 4,078,388,034.72 at the beginning of the year[16] - Long-term borrowings increased to CNY 8,389,909,198.06, up 26.3% from CNY 6,641,520,351.41 at the beginning of the year[16] Research and Development - R&D expenses increased by 76.91% to ¥155,006,216.33 in the first nine months of 2023, compared to ¥87,618,074.08 in the same period last year[6] - Research and development expenses for Q3 2023 were CNY 155,006,216.33, significantly higher than CNY 87,618,074.08 in Q3 2022, indicating a focus on innovation[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 69,576, with the top 10 shareholders holding a combined 53.91% of shares[8] - The largest shareholder, Shihezi Jinlong Energy Industry Chain Co., Ltd., holds 19.63% of shares, amounting to 913,175,412 shares, which are pledged[8] - The second-largest shareholder, Zeng Chaoyi, holds 8.46% of shares, totaling 393,778,364 shares, with 162,000,000 shares pledged[8] - The company’s top 10 shareholders include several entities with significant stakes, such as Huaxia Life Insurance Co., Ltd. holding 40,906,867 shares[9] - A total of 2,296,122,000 shares were released from restrictions on July 7, 2023, following a previous issuance of shares for asset acquisition[10] - The company’s stock structure includes both common and preferred shares, with specific details on the number of shares held by major shareholders[10] Corporate Governance - The company’s sixth board of directors and supervisory board were successfully elected on July 17, 2023, marking a significant governance change[12] - The company’s controlling shareholders have committed not to reduce their holdings for six months starting from July 8, 2023, to enhance investor confidence[11] - The company completed the acquisition of 100% equity in Xinjiang Tianzu Investment Co., Ltd. for a total price of 65.5 million RMB[14] - The acquisition was approved by the sixth board of directors and the sixth supervisory board on August 21, 2023[14] Income and Expenses - Other income for Q3 2023 was ¥395,679,034.74, a significant increase of 415.34% from ¥76,780,687.65 in the same period last year[7] - The company reported a decrease in income tax expenses by 30.80% to ¥465,681,873.15 compared to ¥672,940,873.36 in the previous year[7] - Total operating costs for Q3 2023 were CNY 20,642,004,798.23, down 5.1% from CNY 21,750,738,349.62 in Q3 2022[17] - Gross profit for Q3 2023 was CNY 1,701,512,486.56, resulting in a gross margin of approximately 7.6%[17] - The company reported a decrease in other comprehensive income, with a net amount of approximately CNY -2.44 million in Q3 2023 compared to CNY 2.44 million in the same period last year[18]