Financial Performance - Net profit attributable to shareholders of the listed company was ¥2.51 billion, reflecting an increase of 8.70% year-on-year[7]. - Operating revenue for the year-to-date was ¥48.06 billion, representing an increase of 8.53% compared to the same period last year[7]. - Basic and diluted earnings per share were both ¥0.128, an increase of 8.47% from the previous year[7]. - The company reported a loss of ¥70.99 million from the disposal of non-current assets for the year-to-date[10]. - Government subsidies recognized in the current period amounted to ¥62.94 million, contributing positively to the financial results[10]. - Total operating revenue for Q3 2018 reached ¥16,879,742,936.93, an increase of 8.63% compared to ¥15,538,054,330.68 in Q3 2017[29]. - Net profit for Q3 2018 was ¥1,022,437,534.36, representing a 5.05% increase from ¥973,356,396.62 in Q3 2017[31]. - The company reported a total comprehensive income of ¥1,067,967,841.81 for Q3 2018, compared to ¥918,099,146.89 in Q3 2017[31]. - Total profit for the first nine months of 2018 was ¥2,582,599,059.36, a decrease of 18.4% compared to ¥3,167,279,328.42 in the previous year[34]. Cash Flow - The net cash flow from operating activities was ¥13.96 billion, a decrease of 10.76% compared to the previous year[7]. - Net cash flow from operating activities was ¥13,964,271,031.11, a decrease of 10.76% year-on-year, mainly due to the collection of accounts receivable in the previous year[17]. - Cash flow from operating activities for the first nine months was ¥13,964,271,031.11, down 10.8% from ¥15,647,422,764.42 in the same period last year[38]. - The net cash flow from investing activities was 779,575,913.36 RMB, a decrease from 1,338,067,539.12 RMB year-on-year[41]. - The net cash flow from financing activities was 2,366,912,597.42 RMB, an improvement from -1,581,925,803.57 RMB in the same period last year[42]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥279.14 billion, an increase of 1.83% compared to the end of the previous year[7]. - Current assets increased to ¥25,236,054,416.72 from ¥18,048,309,176.02, representing a growth of approximately 39.5%[21]. - Total liabilities decreased to ¥205,598,601,905.27 from ¥201,471,112,449.52, a reduction of about 2.2%[23]. - Non-current assets totaled ¥253,903,939,934.48, down from ¥256,081,616,749.08, indicating a decrease of approximately 0.5%[22]. - Total equity reached ¥52,450,367,134.19 in Q3 2018, up from ¥51,187,720,030.43 in Q3 2017[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 719,627[13]. - The largest shareholder, China Guodian Corporation, held 46.00% of the shares[13]. - The company’s major shareholder changed from China Guodian Corporation to State Energy Investment Group following a merger agreement[15]. - The merger conditions between China Guodian and State Energy Investment Group have been fully met, allowing the merger to proceed[18]. Operational Changes - The company is undergoing a significant restructuring process, which may impact future operational strategies and market positioning[18]. - The company’s management indicated a focus on improving operational efficiency and reducing costs in future quarters[33].

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 31.18 billion, an increase of 8.47% compared to CNY 28.74 billion in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2018 was CNY 1.80 billion, reflecting a growth of 6.02% from CNY 1.69 billion in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 1.71 billion, up by 3.79% from CNY 1.65 billion year-on-year[21]. - The basic earnings per share for the first half of 2018 were CNY 0.091, representing a 5.81% increase from CNY 0.086 in the same period last year[22]. - The weighted average return on net assets increased to 3.612%, up by 0.237 percentage points from 3.375% in the previous year[22]. - The net profit attributable to shareholders increased by 6.02% year-on-year, primarily due to a rise in electricity generation compared to the same period last year[23]. - Basic earnings per share rose by 5.81% year-on-year, driven by the increase in net profit attributable to shareholders[23]. Cash Flow and Investments - The net cash flow from operating activities decreased by 28.65% to CNY 5.69 billion, down from CNY 7.97 billion in the same period last year[21]. - The company's investment amount in the first half of 2018 was CNY 4,227.49 million, a decrease of CNY 613.23 million or 12.67% compared to the same period last year[51]. - Net cash flow from investing activities was -¥5,841,395,427.69, a decline of 5.50%, mainly due to the repayment of a performance deposit related to an equity acquisition[43]. - Net cash flow from financing activities increased by 94.07% to ¥2,275,042,418.49, primarily due to increased amounts received from financing leases[43]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 280.67 billion, an increase of 2.39% from CNY 274.13 billion at the end of the previous year[21]. - The total liabilities amounted to CNY 207.93 billion, up from CNY 201.47 billion, indicating a growth of around 3%[129]. - The company's equity increased slightly to CNY 72.75 billion from CNY 72.66 billion, showing a marginal growth[129]. - The debt-to-asset ratio stood at 74.08%, an increase of 0.59 percentage points compared to the previous year[123]. Market and Operational Developments - The company aims to strengthen its market share by actively expanding its electricity market and enhancing communication with local governments and grid companies[30]. - The company has a total installed capacity of 53.23 million kW as of June 30, 2018, with thermal power accounting for 62.95%, hydropower 25.93%, wind power 10.72%, and solar power 0.4%[37]. - The company completed electricity generation of 96.890 billion kilowatt-hours, a year-on-year increase of 3.82%[30]. - The average utilization hours of power generation equipment increased by 68 hours year-on-year, reaching 1,858 hours[28]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental monitoring plan, ensuring compliance with pollution discharge standards and real-time data reporting to local environmental authorities[96]. - The company spent a total of CNY 195.96 million on targeted poverty alleviation in the first half of 2018, helping 868 registered impoverished individuals to escape poverty[89]. - The company has established an ecological protection fund in Yushu Prefecture, Qinghai Province, with a total investment of CNY 350 million for poverty alleviation projects[92]. - The company has initiated an e-commerce poverty alleviation project to boost local agricultural product sales, thereby increasing the income of impoverished populations[95]. Mergers and Acquisitions - The company has undergone a merger with the State Energy Investment Group, changing its controlling shareholder from China Guodian to the State Energy Group[8]. - The company completed the merger with China Guodian Corporation, now known as State Energy Group, and has inherited all debts, rights, and obligations from the previous entity[70]. - State Energy Group has committed to integrating Guodian Power as its conventional energy generation business platform, with plans to gradually inject relevant assets into Guodian Power[71]. Financial Management and Governance - The company has maintained a long-term credit rating of AAA, with a stable outlook according to both Dagong Global Credit Rating and Dongfang Jincheng International Credit Rating[119]. - The company operates under the assumption of going concern, ensuring that its financial statements are prepared based on the expectation of continuing operations[168]. - The company’s financial statements are prepared based on historical cost, with provisions for impairment where necessary[167]. - The company recognizes investment income from the difference between the consideration received and the fair value of remaining equity when losing control over a subsidiary[181].