Financial Performance - The company's operating revenue for 2017 was CNY 50,146,848,575.09, representing a 2.47% increase compared to CNY 48,939,388,714.62 in 2016[19] - The net profit attributable to shareholders of the listed company reached CNY 22,260,911,324.90, marking a 7.12% increase from CNY 20,781,182,597.33 in the previous year[19] - The net cash flow from operating activities was CNY 39,693,165,066.49, which is a 1.80% increase compared to CNY 38,989,831,194.30 in 2016[19] - The total assets of the company at the end of 2017 were CNY 299,398,220,115.42, showing a slight increase of 0.17% from CNY 298,894,931,938.40 at the end of 2016[19] - The net assets attributable to shareholders of the listed company increased to CNY 135,101,452,567.00, a 5.38% rise from CNY 128,199,184,968.18 in 2016[19] - Basic earnings per share for 2017 was CNY 1.0119, an increase of 7.12% compared to CNY 0.9446 in 2016[21] - The company's total revenue from the top five customers reached CNY 58.03 million, accounting for 100% of the annual sales[59] - The company reported a revenue of 50.15 billion RMB, a 2.47% increase from the previous year, while operating costs rose by 1.12% to 19.45 billion RMB[54] - The company achieved a total profit of 26.654 billion yuan in 2017, an increase of 1.5 billion yuan, representing a growth of 5.97% year-on-year[44] Cash Flow and Investments - The company plans to distribute a cash dividend of CNY 6.8 per 10 shares, totaling CNY 14,960,000,000.00 based on a total share capital of 22,000,000,000 shares[5] - The company reported non-recurring gains of CNY 608,940,736.84 from the disposal of non-current assets in 2017[25] - The company's cash and cash equivalents at the end of the period were CNY 5.20 billion, an increase of 18.22% compared to the beginning of the year[65] - The company made external investments totaling 9.75 billion RMB, generating an investment return of 2.3 billion RMB, both reaching historical highs[45] - Financial expenses decreased by 7.83 billion RMB year-on-year to 5.89 billion RMB, with a total of 4 bond issuances at low costs, saving approximately 2.4 billion RMB in financial expenses over the bond duration[45] - The company issued 4 bonds in 2017, raising 11.5 billion yuan at a low cost, with all bond costs being at a lower level compared to the market average[38] Operational Efficiency - The total installed capacity of the company reached 45.495 million kilowatts, accounting for 13.33% of the national hydropower installed capacity[30] - The company generated 210.893 billion kilowatt-hours of electricity in 2017, representing 17.66% of the national hydropower generation[30] - The average accuracy of the hydrological forecast for the company's cascade power stations reached 97.81% in 2017[31] - The company successfully maintained "zero non-scheduled outages" at the Three Gorges and Xiangjiaba power stations in 2017[33] - The company’s hydropower generation reached historical highs despite lower than average water inflow, optimizing operations and equipment management[41] - The company achieved a net cash flow from operating activities of 39.69 billion RMB, a 1.8% increase year-on-year[54] Risk Management and Compliance - The company has outlined potential risks in its report, particularly in the section discussing future development[7] - The audit report issued by Xinyong Zhonghe Accounting Firm confirmed the financial statements without reservations[4] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7] - There are no violations of decision-making procedures regarding external guarantees[7] - The company is focused on improving its safety management level and implementing innovative safety supervision measures to prevent major accidents[90] - The company is closely monitoring the economic situation and market demand to ensure effective power production and consumption, addressing potential risks in energy absorption[91] Shareholder Relations and Governance - The company is committed to enhancing cash dividend transparency and maintaining investor rights, following the guidelines set by the China Securities Regulatory Commission[95] - The company will not engage in related party transactions that could harm the interests of shareholders[102] - The company has established independent financial departments and accounting systems[106] - The company guarantees the independence of its management personnel and financial operations[106] - The company has a lock-up period of 36 months for shares obtained through transactions, extendable under certain conditions[105] - The company has committed to a minimum cash dividend of ¥0.65 per share for the fiscal year 2020 and at least 70% of net profit for the years 2021 to 2026[102] Future Outlook and Strategic Initiatives - The company aims to expand its business scope by actively engaging in overseas investments and power station operations[30] - The company is pursuing a strategy of internationalization and brand development in hydropower operations[87] - The company plans to optimize its debt structure to reduce interest-bearing liabilities and financing costs, thereby saving on financial expenses[88] - The company is focused on establishing a mechanism for joint scheduling and benefit sharing in the upper reaches of the Yangtze River to optimize resource integration[87] - The company is investing $50 million in research and development for new technologies aimed at enhancing operational efficiency[144] - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential deals[144] Social Responsibility and Community Engagement - The company engaged in significant poverty alleviation efforts, with total funding of RMB 62.09 million, primarily focused on industrial development for poverty alleviation[119] - The company allocated 50 million for healthcare resources in impoverished regions[120] - An investment of 35 million was made for ecological protection and construction projects[120] - A total of 40 million was allocated to support 273 impoverished students, improving educational resources in poor areas with an investment of 12 million[120] Employee and Management Structure - The number of employees in the parent company was 3,658, while the total number of employees including major subsidiaries was 4,036[156] - The company has implemented a performance-based compensation system, linking salary to job value and market conditions[158] - The company has established a systematic talent training system to enhance employee capabilities and technical skills[159] - The total remuneration for directors, supervisors, and senior management amounted to 7.9062 million yuan (pre-tax) during the reporting period[154] Audit and Financial Reporting - The company is responsible for ensuring the financial statements are prepared in accordance with accounting standards and reflect a true and fair view of its financial position[189] - The audit report confirmed that the financial statements provide a fair representation of the company's financial status as of December 31, 2017[183] - The audit identified the accuracy of operating costs as a key audit matter due to its significant impact on the financial statements[187]

Financial Performance - Operating revenue for the current period was approximately ¥8.15 billion, an increase of 3.75% year-on-year[7] - Net profit attributable to shareholders was approximately ¥2.83 billion, reflecting a year-on-year increase of 4.59%[7] - Basic earnings per share increased to ¥0.1287, representing a growth of 4.55% compared to the previous year[7] - Net profit for Q1 2018 reached CNY 2,832,808,254.73, representing an increase of 4.56% from CNY 2,709,115,680.69 in Q1 2017[24] - Earnings per share for Q1 2018 were CNY 0.1287, up from CNY 0.1231 in the same quarter last year, reflecting a growth of 4.57%[25] - Net profit for the current period was ¥1,652,176,195.52, representing a growth of 15.38% from ¥1,431,580,566.62 in the same period last year[28] - The company reported a total comprehensive income of CNY 2,724,412,189.17 for Q1 2018, compared to CNY 3,036,325,013.12 in the same period last year, a decline of 10.26%[25] - Total comprehensive income for the current period was ¥1,657,342,538.40, slightly down from ¥1,737,731,251.93 in the previous period[28] Cash Flow - Cash flow from operating activities amounted to approximately ¥6.04 billion, up 5.35% from the same period last year[7] - Net cash flow from operating activities increased by CNY 307 million, primarily due to an increase in cash received from sales of goods and services compared to the same period last year[12] - The net cash flow from operating activities was ¥6,042,292,535.27, up 5.35% from ¥5,735,602,903.82 in the previous year[30] - Net cash flow from investing activities increased by CNY 1.520 billion, mainly due to an increase in cash received from investment recoveries compared to the same period last year[12] - Investment activities resulted in a net cash outflow of ¥1,964,051,982.74, an improvement from a net outflow of ¥3,484,384,839.86 in the previous period[30] - Cash inflow from financing activities totaled 5,000,000,000.00, compared to 8,570,000,000.00 in the prior period[35] - Cash outflow from financing activities was 5,857,532,916.25, down from 7,698,668,818.15 in the previous period[35] - The net increase in cash and cash equivalents was 358,096,133.16, compared to 145,651,548.60 in the prior period[35] - The ending balance of cash and cash equivalents was 2,967,936,598.14, up from 1,163,942,122.42 in the previous period[35] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥297.38 billion, a decrease of 0.67% compared to the end of the previous year[7] - Other receivables decreased by CNY 139 million, a decline of 71.28%, mainly due to the prepayment for the acquisition of Chongqing Fuling Energy Group Co., Ltd. equity[11] - Other current assets decreased by CNY 421 million, a decline of 39.96%, primarily due to a reduction in short-term financial investments during the reporting period[11] - Tax payable decreased by CNY 977 million, a decline of 44.14%, mainly due to the payment of 2017 annual taxes during the reporting period[11] - Interest-bearing liabilities decreased by CNY 3.798 billion, primarily due to the repayment of maturing debts[11] - Total liabilities for Q1 2018 were CNY 63,827,185,549.48, a decrease from CNY 64,681,463,784.74 in the previous quarter[21] - Total equity increased to CNY 117,083,524,487.78 in Q1 2018, compared to CNY 115,426,181,949.38 in the previous quarter, indicating a growth of 1.44%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 103,260[9] - The largest shareholder, China Three Gorges Corporation, held 57.92% of the shares, amounting to approximately 12.74 billion shares[10] Investment Income - The company reported non-recurring gains of approximately ¥126.82 million for the current period[8] - Investment income decreased by CNY 362 million, a decline of 43.40%, mainly due to a reduction in stock disposal gains[11] - The company’s investment income was ¥441,436,788.41, down from ¥576,482,169.90 in the previous period[27] - Investment income for Q1 2018 was CNY 472,668,119.75, down from CNY 835,098,399.27 in Q1 2017, reflecting a decrease of 43.38%[24] Other Financial Metrics - The weighted average return on equity decreased by 0.01 percentage points to 2.08%[7] - The company maintained a stable long-term borrowing level of CNY 11,300,000,000.00 in Q1 2018, unchanged from the previous quarter[21] - The company reported a decrease in financial expenses to ¥627,139,977.94 from ¥529,523,000.93 in the previous period[27] - Cash paid for investment activities was 11,361,477,192.77, compared to 4,331,982,017.15 in the prior period[35] - Cash paid for debt repayment was 5,452,009,809.60, down from 7,310,088,659.83 in the prior period[35]

Financial Performance - In 2017, the total operating revenue reached RMB 50.124 billion, an increase of 2.42% compared to the previous year[2] - The operating profit grew by 21.68% to RMB 27.106 billion, primarily due to increased electricity sales revenue[3] - The total profit amounted to RMB 26.652 billion, reflecting a year-on-year growth of 5.95%[3] - The net profit attributable to shareholders was RMB 22.214 billion, up 6.89% from the previous year[3] - Basic earnings per share increased to RMB 1.0097, representing a growth of 6.89%[3] Financial Position - The weighted average return on net assets was 16.96%, an increase of 0.08 percentage points compared to the previous year[2] - Total assets at the end of the reporting period were RMB 299.412 billion, a slight increase of 0.17%[2] - Shareholders' equity attributable to the company was RMB 135.101 billion, up 5.38% from the beginning of the period[2] Accounting and Reporting - The company adjusted the reporting of government subsidies in accordance with new accounting standards, impacting profit presentation[3] - Investors are advised to be cautious as the financial data is preliminary and unaudited, which may differ from the final annual report[3]

Financial Performance - Net profit attributable to shareholders rose by 9.55% to CNY 17.76 billion year-on-year[8] - Basic earnings per share increased by 9.55% to CNY 0.8071[9] - Operating revenue decreased slightly by 0.05% to CNY 37.23 billion compared to the same period last year[8] - The company reported a total comprehensive income of ¥9,605,053,636.20 for Q3 2017, compared to ¥9,238,244,935.03 in Q3 2016, indicating an increase of 4.0%[30] - Net profit for Q3 2017 reached ¥9,650,828,709.49, an increase of 11.4% compared to ¥8,657,861,780.06 in Q3 2016[30] - Net profit for the first nine months of 2017 was CNY 21,240,081,095.22, compared to CNY 19,761,463,230.11 for the same period in 2016, showing an increase of 7.45%[29] Assets and Liabilities - Total assets increased by 2.34% to CNY 305.89 billion compared to the end of the previous year[8] - Total assets amounted to CNY 305.888 billion, an increase from CNY 298.895 billion at the beginning of the year[23] - Total liabilities for Q3 2017 were CNY 71,179,790,805.98, compared to CNY 56,470,051,909.12 in Q3 2016, reflecting an increase of 25.97%[27] - Current assets totaled CNY 9,648,534,838.93 in Q3 2017, significantly higher than CNY 3,601,988,476.49 in Q3 2016, indicating a growth of 168.83%[27] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 27.66 billion, a decrease of 0.21% year-on-year[8] - Net cash flow from operating activities for Q3 2017 was CNY 27,664,833,478.86, slightly down from CNY 27,722,957,240.84 in Q3 2016, indicating a decrease of 0.21%[35] - The net cash flow from operating activities for the first nine months of 2017 was CNY 13,018,740,553.81, compared to CNY 14,332,502,892.56 in the previous year, reflecting a decline of 9.2%[37] - Net cash flow from investing activities increased by CNY 33.417 billion, mainly due to reduced cash payments for subsidiaries and other operating units[16] - Net cash flow from financing activities decreased by CNY 30.247 billion, mainly due to reduced cash received from investments and increased cash payments for dividends and debt repayment[16] Shareholder Information - The total number of shareholders reached 104,739 by the end of the reporting period[12] - The largest shareholder, China Three Gorges Corporation, holds 57.92% of the shares[12] Investment and Income - The company reported a non-operating income of CNY 532.76 million for the year-to-date[10] - Investment income increased by CNY 944 million, a growth of 87.81%, primarily from the disposal of certain stocks this year[15] - The company reported investment income of CNY 437,838,851.40 for Q3 2017, compared to CNY 234,698,321.59 in Q3 2016, marking an increase of 86.67%[29] - Investment income for the first nine months of 2017 was ¥1,712,802,511.59, significantly higher than ¥1,074,175,768.25 in the same period last year, marking a growth of 59.4%[31] Cash and Equivalents - Cash and cash equivalents increased by CNY 2.794 billion, a growth of 82.69%, mainly for preparing funds for upcoming debt maturities[14] - The company’s cash and cash equivalents increased to CNY 900,090,000.00 in Q3 2017 from CNY 872,647.33 in Q3 2016, showing a substantial rise[27] - The total cash and cash equivalents at the end of Q3 2017 amounted to CNY 6,163,704,074.84, an increase from CNY 4,232,903,383.64 at the end of Q3 2016[36] Other Financial Metrics - The weighted average return on equity improved by 0.89 percentage points to 13.46%[8] - Tax payable increased by CNY 1.167 billion, a growth of 89.11%, due to increased revenue from power generation during the flood season[15] - Other receivables decreased by CNY 549 million, a decline of 82.37%, as previously recorded equity subscription deposits met investment confirmation conditions[14]

Financial Performance - Operating revenue for the first half of 2017 was CNY 19.29 billion, a decrease of 3.88% compared to CNY 20.07 billion in the same period last year[16]. - Net profit attributable to shareholders for the first half of 2017 was CNY 8.10 billion, an increase of 7.34% from CNY 7.55 billion year-on-year[16]. - Total profit reached CNY 9.72 billion, an increase of CNY 0.26 billion year-on-year, marking a growth of 2.56%[26]. - Basic earnings per share for the first half of 2017 were CNY 0.3684, up 7.34% from CNY 0.3432 in the same period last year[17]. - The total comprehensive income for the period was CNY 5,227,676,171.27, slightly down from CNY 5,524,447,055.92 year-on-year[110]. - The company reported a net loss of CNY 15,687,500,000.00 during the period, indicating significant financial challenges compared to previous earnings[126]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY 13.72 billion, down 1.49% from CNY 13.93 billion in the previous year[16]. - The company’s cash and cash equivalents at the end of the period amounted to CNY 5.38 billion, a 59.34% increase from the previous year[31]. - The company reported a net cash flow from operating activities of CNY 13,720,314,383.21, a decrease of 1.5% compared to CNY 13,928,253,189.55 in the same period last year[113]. - Cash inflow from investment activities totaled CNY 20,236,047,044.49, significantly higher than CNY 202,148,860.23 in the previous year[113]. - The ending balance of cash and cash equivalents was ¥2.41 billion, down from ¥3.99 billion, reflecting a decrease of about 39.5%[117]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 301.51 billion, an increase of 0.87% from CNY 298.89 billion at the end of the previous year[16]. - Total liabilities increased to ¥180,318,004,985.81 from ¥170,368,569,699.54, indicating a rise of approximately 5.6%[99]. - The company has a non-current liability due within one year of 22.076 billion RMB, an increase of 4.407 billion RMB compared to the beginning of the period[33]. - The total equity attributable to the parent company at the end of the reporting period was CNY 121,191,489,167.28, a decrease from CNY 133,416,204,339.80 at the end of the previous period, reflecting a decline of approximately 9.1%[121]. Shareholder Information - The largest shareholder, China Three Gorges Corporation, holds 12,742,229,292 shares, representing 57.92% of the total shares[72]. - The company has commitments from major shareholders to maintain a minimum of 55% ownership of total shares before 2015[50]. - The total number of ordinary shareholders at the end of the reporting period was 112,091[70]. Corporate Governance and Compliance - The company has established a governance structure that allows for independent decision-making without interference from China Three Gorges Group[52]. - The management team of Yangtze Power, including the general manager and financial director, will be independent and not hold positions in China Three Gorges Corporation[51]. - The company emphasizes the importance of compliance with relevant laws and regulations in all operational aspects[51]. Investment and Development - Research and development expenditures increased by 482.92% to CNY 88.37 million, reflecting a significant boost in innovation efforts[30]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[104]. - The company has allocated resources for ongoing research and development to enhance its competitive edge in the market[104]. Risk Management - The company faces risks related to water supply from the Yangtze River, which can significantly impact electricity production and operational performance[42]. - The company plans to strengthen risk management and improve the quality and efficiency of investment operations while exploring new investment opportunities[44]. - The company aims to prevent financial risks through optimal debt financing tools[45]. Financial Policies and Accounting - The company adopts the book value measurement method for assets and liabilities acquired in business combinations under common control, adjusting the difference between the net asset book value and the payment for the merger to capital reserve[142]. - The company recognizes revenue from sales of goods when the major risks and rewards of ownership have been transferred to the buyer, and the amount of revenue can be reliably measured[196]. - The company recognizes financial assets derecognition when cash flow rights are terminated, or when risks and rewards are transferred to another party[154].

Financial Performance - The company achieved a net profit of CNY 11,314,340,779.53 for the year 2016, with a proposed cash dividend distribution of CNY 15,687,500,000[4]. - The profit distribution plan includes a 10% allocation of the net profit for statutory surplus reserve, amounting to CNY 1,131,434,077.95[5]. - The company's operating revenue for 2016 was approximately ¥48.94 billion, representing a 3.17% increase compared to ¥47.43 billion in 2015[22]. - Net profit attributable to shareholders was approximately ¥20.78 billion, a 13.97% increase from ¥18.23 billion in 2015[22]. - Basic and diluted earnings per share for 2016 were both ¥0.9446, reflecting a 13.97% increase from ¥0.8288 in 2015[23]. - The weighted average return on equity increased to 16.88% in 2016, up from 15.56% in 2015, marking an increase of 1.32 percentage points[23]. - Cash flow from operating activities was approximately ¥38.99 billion, a decrease of 2.02% from ¥39.79 billion in 2015[22]. - Total assets at the end of 2016 were approximately ¥298.89 billion, down 1.85% from ¥304.52 billion at the end of 2015[22]. - Non-recurring gains and losses for 2016 totaled approximately ¥286.35 million, a significant decrease from ¥687.08 million in 2015[27]. - In 2016, the company achieved a total profit of 25.154 billion yuan, a year-on-year increase of 68.50%, and a net profit of 20.938 billion yuan, up 81.75%[47]. Asset Restructuring and Investments - The company engaged in significant asset restructuring involving strategic investors, with a total of 20 billion shares issued at a cash subscription price[4]. - The company successfully completed the acquisition of the Jinsha River power assets, with an assessed value exceeding RMB 200 billion, adding 20.26 million kW of installed capacity, and increasing its market value to approximately RMB 300 billion, ranking first in China's A-share power sector and fourth globally among power listed companies[34]. - The company raised 24.16 billion yuan through non-public stock issuance to support the asset restructuring[48]. - The company completed the acquisition of 100% equity in Chuan Yun Company for a cash consideration of 37.455 billion RMB[81]. - The company has committed to significant asset restructuring, with various shareholders having restrictions lifted on a total of 5,500,000,000 shares[130]. Operational Efficiency and Capacity - The company generated a total of 206.06 billion kWh of electricity in 2016, accounting for 17.45% of the national hydropower generation[32]. - The company maintained an average equivalent availability factor of 95.73% for its hydropower units, with zero unplanned outages for the Xiluodu power station, significantly outperforming industry averages[38]. - The company accumulated a total power generation of over 200 billion kWh for the first time in 2016, with a water-saving increase in power generation of 9.9 billion kWh, demonstrating the effectiveness of its reservoir management[36]. - The company achieved a 98.11% accuracy rate in 24-hour hydrological forecasts and a 99.77% average accuracy rate in daily power generation plans, significantly enhancing its hydrological forecasting capabilities[35]. - The company plans to continue expanding its hydropower capacity and improve operational efficiency to enhance profitability[32]. Research and Development - The company received 131 patents and 68 technological innovations recognized by China Three Gorges Group in 2016, emphasizing its commitment to technological innovation[52]. - The company implemented multiple scientific research and technology innovation projects in 2016, including the successful application of the world's first giant pressure steel pipe detection robot cluster at the Three Gorges power station[41]. - Research and development expenses totaled ¥25,215,922.98, representing an increase of 11.70% from ¥22,575,016.75[59]. Financial Management and Strategy - The company raised low-cost funds of 18 billion yuan through five phases of domestic debt financing tools, achieving a weighted average issuance cost of 3.14%[52]. - The company will optimize its financing strategy to reduce costs and improve financial efficiency through low-cost bond financing[93]. - The company has experienced a significant increase in interest-bearing liabilities post-major asset restructuring, which may lead to higher financial costs due to market interest rate fluctuations[97]. - The company maintained an AAA credit rating from Zhongchengxin Securities Assessment Co., Ltd. for its bonds, indicating a very strong ability to repay debts[174]. Shareholder Engagement and Dividends - The company plans to distribute cash dividends totaling CNY 15,687,500,000, with a dividend of CNY 7.25 per 10 shares for existing shareholders and CNY 6.5 per 10 shares for new strategic investors[100]. - The company plans to distribute cash dividends of no less than 0.65 CNY per share for the years 2016 to 2020, and at least 70% of the net profit for the years 2021 to 2025[106]. - The company intends to repurchase its shares up to a total amount of 5 billion CNY within six months after the stock resumes trading, depending on market conditions[106]. Corporate Governance and Compliance - The company has committed to ensuring that its senior management personnel are exclusively employed by the listed company and do not hold positions in related parties[107]. - The company will maintain an independent financial department and accounting system, ensuring that it can independently make financial decisions[107]. - The company guarantees that there will be no non-operational occupation of funds or assets from the listed company by the controlling shareholder[107]. - The company has established a comprehensive communication strategy with local governments and enterprises to better understand market needs[96]. Market Outlook and Strategic Goals - The company aims to increase its market presence and enhance its competitive edge through strategic investments and financial operations during the "13th Five-Year Plan" period[90]. - The company anticipates a 3% growth in national electricity consumption in 2017, with a total installed capacity expected to reach 1.75 billion kW by year-end[89]. - The company is committed to becoming a leader in the global hydropower industry, focusing on innovation and operational excellence[90]. - The company plans to continue expanding its market presence and shareholder base in the upcoming fiscal year[131].

Financial Performance - Operating revenue for the first quarter was ¥7.85 billion, a slight increase of 0.26% year-on-year[7]. - Net profit attributable to shareholders was ¥2.71 billion, representing a significant increase of 23.48% compared to the same period last year[7]. - Basic earnings per share rose to ¥0.1231, up 23.48% from ¥0.0997 in the previous year[7]. - Total revenue for Q1 2017 was CNY 7,854,916,027.23, a slight increase from CNY 7,834,908,892.59 in the previous period[26]. - Net profit for Q1 2017 reached CNY 2,709,115,680.69, up from CNY 2,322,023,430.59 year-over-year[26]. - Operating revenue for the current period is CNY 3,684,715,990.62, a decrease of 16.1% compared to CNY 4,391,360,127.86 in the previous period[29]. - Net profit for the current period is CNY 1,431,580,566.62, down 23.7% from CNY 1,876,344,294.61 in the previous period[30]. - Total profit for the current period is CNY 1,838,102,166.84, a decline of 24.6% compared to CNY 2,436,832,822.16 in the previous period[30]. Cash Flow - Cash flow from operating activities for the quarter was ¥5.74 billion, a decrease of 5.43% compared to ¥6.07 billion in the same period last year[7]. - The net cash flow from operating activities decreased by CNY 330 million compared to the same period last year, mainly due to a reduction in tax refunds received[13]. - Cash flow from operating activities is CNY 5,735,602,903.82, down 5.4% from CNY 6,065,200,015.32 in the previous period[34]. - Cash flow from investing activities shows a net outflow of CNY 3,484,384,839.86, compared to a net outflow of CNY 1,039,819,594.59 in the previous period[34]. - Cash flow from financing activities results in a net outflow of CNY 1,953,755,950.10, an improvement from a net outflow of CNY 5,101,820,269.63 in the previous period[34]. - The cash and cash equivalents at the end of the period amount to CNY 3,662,983,895.10, compared to CNY 4,453,010,409.15 at the end of the previous period[34]. - The company received tax refunds amounting to CNY 525,251,786.19, down from CNY 816,038,787.41 in the previous period[33]. - Net cash flow from operating activities for Q1 2017 was approximately $2.56 billion, a decrease from $3.22 billion in the previous year[36]. - Net cash flow from investing activities was negative $3.29 billion, compared to negative $216.47 million in the same period last year[36]. - Cash inflow from financing activities amounted to $8.57 billion, while cash outflow was $7.70 billion, resulting in a net cash flow of $871.33 million[36]. - The ending cash and cash equivalents balance for Q1 2017 was approximately $1.16 billion, down from $3.86 billion at the end of the previous year[36]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥300.48 billion, an increase of 0.53% compared to the end of the previous year[7]. - The total number of shareholders reached 120,605 by the end of the reporting period[9]. - The largest shareholder, China Three Gorges Corporation, holds 57.92% of the shares, amounting to approximately 12.74 billion shares[10]. - Other receivables decreased by CNY 546 million compared to the end of the previous year, mainly due to the transfer of the deposit for the acquisition of the Three Gorges Water Conservancy equity to investment[11]. - Other current assets increased by CNY 2.207 billion compared to the end of the previous year, primarily due to an increase in short-term financial investments during the reporting period[12]. - Available-for-sale financial assets increased by CNY 2.026 billion, a growth of 28.47%, mainly due to increased investments during the reporting period[12]. - The total current assets amounted to CNY 11.285 billion, an increase from CNY 9.075 billion at the beginning of the year[18]. - The total liabilities amounted to CNY 168.877 billion, a slight decrease from CNY 170.369 billion at the end of the previous year[19]. - Short-term borrowings increased to CNY 23.92 billion from CNY 16.3 billion at the beginning of the year[19]. - Long-term borrowings decreased to CNY 20.351 billion from CNY 26.852 billion at the beginning of the year[19]. - The total equity attributable to the parent company increased to CNY 131.208 billion from CNY 128.199 billion at the beginning of the year[19]. - The company's total assets increased to CNY 178,070,244,867.42 from CNY 175,073,647,565.08 at the beginning of the year[23]. - Current assets totaled CNY 5,462,890,177.97, significantly higher than CNY 3,601,988,476.49 at the start of the year[22]. - Long-term equity investments rose to CNY 52,667,602,273.74 from CNY 51,559,153,167.61[22]. - The company’s total equity rose to CNY 120,340,044,425.17 from CNY 118,603,595,655.96[23]. Investment and Development - Non-recurring gains and losses for the period totaled ¥5.87 million[8]. - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - Investment income for the current period is CNY 576,482,169.90, significantly higher than CNY 194,323,348.38 in the previous period[30]. - The company received investment income of approximately $386.69 million during the quarter[36]. - The company acquired fixed assets and other long-term assets, with cash payments totaling approximately $25 million[36].

Financial Performance - In 2016, the total operating revenue was RMB 49.024 billion, an increase of 3.40% compared to RMB 47.412 billion in the previous year[3] - The total profit for 2016 was RMB 25.220 billion, reflecting a growth of 2.86% from RMB 24.520 billion in the previous year[6] - The net profit attributable to shareholders was RMB 21.015 billion, a slight decrease of 0.46% compared to RMB 21.112 billion in the previous year[3] - The company achieved a significant increase in total profit and net profit of 68.95% and 82.43% respectively when compared to the statutory disclosure data due to the acquisition of 100% equity in Chuan Yun Company[6] Shareholder Metrics - The weighted average return on equity was 16.47%, a decrease of 0.02 percentage points from the previous year[3] - The company’s basic earnings per share were RMB 1.0421, down 0.46% from RMB 1.0469 in the previous year[3] - The company’s equity attributable to shareholders was RMB 128.446 billion, a decrease of 3.70% from RMB 133.384 billion in the previous year[4] Asset Management - The total assets at the end of the reporting period were RMB 298.641 billion, a decrease of 1.93% from RMB 304.517 billion at the beginning of the period[3] Operational Growth - The company’s total installed capacity and power generation significantly increased due to the acquisition of large hydropower stations[6] Investor Awareness - The company emphasizes the importance of investor risk awareness regarding the preliminary financial data presented[2]

Financial Performance - The net profit attributable to shareholders for 2016 is estimated to be approximately ¥2,101,542.46 million, representing an increase of about 82.43% compared to the previous year (legal disclosure data) [2] - The basic earnings per share for 2016 is projected to be ¥1.0421, up from ¥0.6982 in the previous year [2] - The increase in net profit is primarily due to the acquisition of 100% equity in Chuan Yun Company, significantly enhancing the company's installed capacity and power generation [4] - The net profit compared to the previous year (restated data) is expected to decrease by approximately 0.46% due to the expiration of the corporate income tax exemption period for Chuan Yun Company [4] Audit and Disclosure - The performance forecast data has not been audited by an accounting firm [3] - The final and accurate financial data will be disclosed in the audited annual report for 2016 [5]

Financial Performance - Operating revenue for the first nine months increased by 4.78% year-on-year to approximately ¥37.25 billion[6] - Net profit attributable to shareholders decreased by 0.61% to approximately ¥16.34 billion for the first nine months[6] - Basic earnings per share for the first nine months were ¥0.8355, a decrease of 0.62% compared to the same period last year[6] - Total revenue for the third quarter reached ¥17.18 billion, a slight increase from ¥17.13 billion in the same period last year, representing a year-on-year growth of approximately 0.31%[33] - Year-to-date revenue for the first nine months of 2016 was ¥37.25 billion, compared to ¥35.55 billion for the same period in 2015, indicating a growth of about 4.77%[33] - The company's net profit for the first nine months of 2016 was ¥1.08 billion, down from ¥2.04 billion in the same period last year, showing a decline of about 47.12%[33] - Total profit for Q3 2016 was CNY 10,296,214,139.08, a decrease of 3.7% compared to CNY 10,694,567,339.43 in Q3 2015[34] - Net profit attributable to the parent company for Q3 2016 was CNY 8,657,861,780.06, down 7.3% from CNY 9,340,950,971.28 in Q3 2015[35] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥302.31 billion, a decrease of 0.73% compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 7.08% to approximately ¥123.94 billion[6] - The total liabilities stood at CNY 178.03 billion, compared to CNY 171.10 billion at the beginning of the year, reflecting an increase of approximately 4%[26] - The company's short-term borrowings surged to CNY 19.44 billion from CNY 2.00 billion, marking a substantial increase of 872%[25] - The equity attributable to shareholders decreased to CNY 123.94 billion from CNY 133.38 billion, a decline of about 7%[26] - The total non-current assets were CNY 291.40 billion, down from CNY 296.26 billion, indicating a decrease of approximately 2%[25] Cash Flow - Net cash flow from investing activities decreased by CNY 39.867 billion, primarily due to a cash payment of CNY 37.455 billion for the acquisition of 100% equity in Sichuan Jinsha River Chuan Yun Hydropower Development Co., Ltd.[12] - Net cash flow from financing activities increased by CNY 40.646 billion, driven by a CNY 23.725 billion increase in cash received from non-public stock issuance and a CNY 26.066 billion increase in cash from borrowings[13] - Cash inflow from investment activities was CNY 666.99 million, significantly lower than CNY 2.05 billion in the previous year, reflecting a decrease of about 67.5%[42] - Net cash flow from financing activities was CNY 14.09 billion, a recovery from a net outflow of CNY 26.56 billion in the same period last year[42] - The company reported a cash flow deficit of $1.63 billion for the period, compared to a deficit of $0.59 billion in the previous year[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 122,049[8] - The largest shareholder, China Three Gorges Corporation, held 61.92% of the shares[8] Government and Subsidies - The company received government subsidies amounting to approximately ¥622,480 during the reporting period[7] Related Party Transactions and Governance - The company plans to minimize related party transactions with China Three Gorges Group and ensure fair market pricing for necessary transactions[18] - Longjiang Electric reported a commitment to ensure the independence of its management team, with all senior executives exclusively serving in Longjiang Electric and not in any related entities[19] - The company guarantees the independence of its assets, ensuring that there are no non-operational uses of its capital and assets by related parties[20] - Longjiang Electric has committed to independent tax compliance and financial decision-making without interference from related parties[19] Investment and Financial Strategy - The company issued bonds with a total scale of CNY 3 billion, with a term of 10 years and a final coupon rate of 3.35%[15] - The company signed multiple power purchase agreements with China Southern Power Grid and State Grid Corporation for the 2016 fiscal year, ensuring stable revenue from electricity sales[14] - The company committed to a cash dividend of no less than 0.65 CNY per share for each year from 2016 to 2020, and at least 70% of the net profit for each year from 2021 to 2025[18]