JSHX(600307)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥10,319,594,246.30, a decrease of 26.76% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥1,484,936,524.26, with a year-to-date net profit of -¥1,527,551,314.80[5]. - The total operating revenue for the first three quarters of 2022 was RMB 36.51 billion, a decrease of 9.3% compared to RMB 40.38 billion in the same period of 2021[25]. - The company reported a net loss of RMB 1.61 billion in the first three quarters of 2022, compared to a profit of RMB 2.93 billion in the same period of 2021[25]. - The net profit for the first three quarters of 2022 was -1,527,551,314.80 CNY, compared to a net profit of 2,481,864,453.38 CNY in the same period of 2021, indicating a significant decline[27]. - The basic and diluted earnings per share for the first three quarters of 2022 were both -0.2439 CNY, compared to 0.3962 CNY in the same period of 2021[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥39,866,057,795.15, down 4.90% from the end of the previous year[7]. - The total assets decreased to RMB 39.87 billion as of September 30, 2022, from RMB 41.92 billion at the end of 2021, reflecting a decline of 4.9%[25]. - The total liabilities amounted to RMB 27.61 billion, a slight decrease from RMB 28.14 billion at the end of 2021[25]. - The company's cash and cash equivalents stood at RMB 4.67 billion, slightly down from RMB 4.77 billion at the end of 2021[23]. - The company’s cash and cash equivalents at the end of the period were 3,225,286,525.09 CNY, down from 3,344,590,937.13 CNY at the beginning of the period[29]. Cash Flow - Cash flow from operating activities showed a significant decline of 69.96% year-to-date[5]. - The operating cash flow for the first three quarters of 2022 was 1,684,618,918.33 CNY, down from 5,608,250,621.95 CNY in the same period of 2021, reflecting a decrease of approximately 70%[27]. - The total cash inflow from operating activities was 31,014,472,576.90 CNY, while the total cash outflow was 29,329,853,658.57 CNY, resulting in a net cash flow from operating activities of 1,684,618,918.33 CNY[27]. - The cash flow from investment activities was -1,369,624,695.57 CNY, indicating a negative cash flow compared to -550,986,120.00 CNY in the previous year[29]. - The cash flow from financing activities resulted in a net outflow of -434,370,456.77 CNY, compared to a much larger outflow of -5,861,019,341.06 CNY in the same period of 2021[29]. Inventory and Costs - The company reported a 33% reduction in inventory due to optimized capital allocation and inventory management[9]. - The inventory decreased significantly to RMB 5.45 billion as of September 30, 2022, down from RMB 8.14 billion at the end of 2021, representing a reduction of 33%[23]. - The total operating costs for the first three quarters of 2022 were RMB 38.37 billion, an increase of 2.5% from RMB 37.44 billion in the previous year[25]. Operational Challenges - The company faced significant pressure from falling steel prices and high raw material costs, leading to a challenging operational environment in Q3 2022[19]. - The company has initiated internal cost-reduction measures, including "cost reduction and efficiency enhancement" actions, in response to the challenging market conditions[19]. - The company is committed to enhancing production quality and efficiency while prioritizing safety and ecological considerations in its operations[19]. Investment and Shareholder Information - The company recorded a 125% increase in investment income, primarily from the sale of a 20% stake in a subsidiary[12]. - The total number of ordinary shareholders at the end of the reporting period was 225,809[14]. - The company received 10,170,020,000.00 CNY in cash from borrowings during the financing activities, which was slightly lower than the previous year's figure of 10,658,815,722.20 CNY[29]. - Research and development expenses increased by 26% due to higher investment in R&D activities[12].