Financial Performance - Revenue for the first nine months was CNY 39.07 billion, up 4.92% from the same period last year[6] - Net profit attributable to shareholders was CNY 17.92 billion, a 0.94% increase compared to the previous year[6] - Basic earnings per share for the period was CNY 0.8147, representing a 0.94% increase year-on-year[7] - Operating revenue for the first nine months reached CNY 39.07 billion, compared to CNY 37.23 billion in the same period last year, indicating a year-over-year growth of about 4.9%[22] - The company reported an investment income of CNY 2.43 billion for the first nine months, up from CNY 2.02 billion, indicating a growth of about 20.8%[22] - Net profit for Q3 2018 reached CNY 4,819,462,690.29, up 1.7% from CNY 4,736,546,964.67 in the same period last year[27] - The total profit for Q3 2018 was CNY 6,368,232,327.83, representing an increase of 2.6% compared to CNY 6,206,975,194.40 in Q3 2017[27] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 300.47 billion, a 0.36% increase compared to the end of the previous year[6] - Total liabilities as of September 30, 2018, were CNY 162.538 billion, a slight decrease from CNY 163.879 billion at the beginning of the year[18] - Total liabilities increased to CNY 73.78 billion from CNY 64.68 billion, representing a growth of approximately 14.5%[21] - The company's total equity as of September 30, 2018, was CNY 137.932 billion, compared to CNY 135.519 billion at the beginning of the year[18] - The total equity decreased to CNY 110.08 billion from CNY 115.43 billion, a decline of approximately 4.6%[21] Cash Flow - Operating cash flow for the first nine months was CNY 28.09 billion, reflecting a 1.54% increase year-on-year[6] - Net cash flow from operating activities for the first nine months was CNY 28,090,292,854.70, up from CNY 27,664,833,478.86 year-on-year[31] - Cash and cash equivalents increased significantly to CNY 4.92 billion from CNY 2.61 billion, a growth of approximately 88.9%[20] - Cash flow from financing activities resulted in a net outflow of -CNY 21,374,522,687.01, compared to -CNY 16,156,913,641.29 in the same period last year[32] - Net cash flow from investment activities was -CNY 4,958,750,231.40, improving from -CNY 8,687,718,617.88 year-on-year[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 96,388[10] - The largest shareholder, China Three Gorges Corporation, holds 57.92% of the shares[10] Expenses and Costs - Operating costs for the same period were CNY 20.41 billion, slightly up from CNY 20.01 billion, reflecting a marginal increase of about 2%[22] - Research and development expenses for the first nine months totaled CNY 18.63 million, compared to CNY 16.78 million last year, showing an increase of approximately 11%[22] - Operating costs for Q3 2018 were CNY 2,733,825,194.37, which is a 30.9% increase from CNY 2,086,725,183.48 in Q3 2017[27] - The company reported a financial expense of CNY 771,824,954.82 in Q3 2018, compared to CNY 718,294,601.61 in Q3 2017[27] Other Financial Metrics - The weighted average return on equity decreased to 12.91%, down 0.55 percentage points from the previous year[7] - The company reported non-recurring gains and losses totaling CNY -22.54 million for the period[8] - Other income decreased by CNY 1.255 billion, a decline of 63.66%, due to the expiration of VAT refund policies for large hydropower enterprises[12] - Other comprehensive income after tax for Q3 2018 was CNY 32,342,803.88, compared to CNY 10,366,006.02 in Q3 2017[27]

Financial Performance - The company's operating revenue for the first half of 2018 was approximately CNY 19.21 billion, a decrease of 0.42% compared to the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was approximately CNY 8.52 billion, an increase of 5.15% year-on-year[19]. - The total profit reached 10.216 billion yuan, marking a year-on-year increase of 5.09%[25]. - Basic earnings per share for the first half of 2018 were CNY 0.3874, up 5.16% from CNY 0.3684 in the same period last year[20]. - The company reported a total revenue of 22 billion RMB for the first half of 2018, with a net profit of approximately 4.08 billion RMB, reflecting a significant increase compared to the previous period[128]. Cash Flow and Financial Position - The net cash flow from operating activities was approximately CNY 13.09 billion, down 4.62% from the previous year[19]. - The company's cash and cash equivalents increased to CNY 5.679 billion from CNY 5.201 billion at the beginning of the period[88]. - The company’s accounts receivable rose to CNY 4.951 billion from CNY 3.290 billion, reflecting a significant increase in customer transactions[88]. - The company maintained a debt-to-asset ratio of 57.10%, an increase of 4.32% compared to the previous year[80]. - The company reported a net loss of CNY 14,960,000,000.00 during the current period[123]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 299.61 billion, a slight increase of 0.07% compared to the end of the previous year[19]. - Total liabilities increased to CNY 171.09 billion, compared to CNY 163.88 billion, representing a rise of 4.73%[90]. - The total equity of the company as of the end of the reporting period is CNY 115,426,181,949.38, with a capital stock of CNY 22,000,000,000.00[121]. - The total capital reserve at the end of the current period is 44,252,595,253.07, indicating stability in the company's financial position[118]. Investment and R&D - The company achieved an investment income of 2.294 billion yuan, representing a year-on-year growth of 44.98%[27]. - Research and development expenses increased by 18.65% to 10.49 million yuan[29]. - The company has allocated 2,326,540,781.06 to surplus reserves, indicating a proactive approach to financial management[118]. - The company plans to expand its market presence and enhance its technological capabilities through ongoing research and development initiatives[134]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve transfer to shareholders during this reporting period[4]. - The largest shareholder, China Three Gorges Corporation, holds 57.92% of the shares, totaling 12,742,229,292 shares[63]. - The company has established a robust governance structure, with key management personnel overseeing financial operations and compliance[130]. - The company is committed to avoiding any potential competition with its parent company, ensuring a clear operational focus[48]. Risks and Challenges - The company faces risks related to water flow in the Yangtze River, which can significantly impact power production and operational performance[39]. - The company anticipates ongoing challenges in electricity consumption due to a supply-demand imbalance in the national power market[40]. - There are no significant risks related to non-operating fund occupation by controlling shareholders or their affiliates[6]. Compliance and Accounting - The company is committed to adhering to the accounting standards set by the Ministry of Finance, ensuring transparency and accuracy in its financial reporting[138]. - The company recognizes the operating results and cash flows of subsidiaries from the date control is obtained, adjusting the financial statements based on the fair value of identifiable assets and liabilities at the acquisition date[144]. - The company conducts impairment tests on long-term assets, including fixed assets and finite-lived intangible assets, at each balance sheet date[193].