Financial Performance - The company's operating revenue for Q3 2024 reached approximately CNY 22.89 billion, representing an increase of 11.31% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2024 was approximately CNY 2.87 billion, reflecting a growth of 4.87% year-on-year[4]. - The net profit attributable to shareholders for the first nine months of 2024 was approximately CNY 9.98 billion, up 2.93% year-on-year[7]. - The company's total profit for the first nine months of 2024 was approximately CNY 18.60 billion, reflecting a growth of 1.12% year-on-year[7]. - The net profit for the third quarter of 2024 was CNY 15,497,317,921.14, an increase from CNY 15,306,551,008.25 in the same period last year, representing a growth of approximately 1.25%[23]. - The total revenue for the third quarter was CNY 18,599,067,100.36, compared to CNY 18,392,759,700.17 in the previous year, indicating a year-over-year increase of about 1.13%[23]. - The basic and diluted earnings per share for the third quarter were both CNY 0.1977, up from CNY 0.1921 in the same quarter last year, reflecting a growth of approximately 2.92%[24]. - The company's operating profit for the quarter was CNY 18,628,431,871.31, compared to CNY 18,467,709,631.93 in the previous year, reflecting a growth of about 0.87%[23]. Assets and Liabilities - The company's total assets as of September 30, 2024, amounted to approximately CNY 421.50 billion, a 1.51% increase from the end of the previous year[4]. - Total assets reached ¥421.50 billion, up from ¥415.25 billion, indicating a growth of approximately 1.6%[21]. - Total liabilities increased to ¥250.60 billion from ¥249.95 billion, a slight rise of about 0.3%[21]. - Total liabilities increased by 40.58% to ¥7,215,874.18 million, reflecting higher borrowing to meet operational and investment needs[10]. - The company's equity attributable to shareholders increased to approximately CNY 118.45 billion, a rise of 4.60% from the previous year[4]. - The company's equity attributable to shareholders rose to ¥118.45 billion from ¥113.24 billion, an increase of approximately 4.0%[21]. Cash Flow and Investments - The company reported a cash flow from operating activities net amounting to approximately CNY 25.82 billion, which is a decrease of 4.36% compared to the same period last year[4]. - Cash flow from operating activities for the period was CNY 25,820,398,997.06, a decrease from CNY 26,997,797,062.71 in the previous year, showing a decline of about 4.36%[25]. - The company experienced a net cash increase of CNY 4,862,533,499.34 during the quarter, compared to CNY 3,045,503,904.45 in the same period last year, indicating a significant increase of approximately 59.73%[26]. - Investment cash payments rose by 365.74% to ¥27,944.66 million, primarily due to the acquisition of a stake in Ningde Second Nuclear Power[10]. Shareholder Information - The number of ordinary shareholders reached 199,567, with the largest shareholder, China General Nuclear Power Corporation, holding 58.89%[11]. - China General Nuclear Power Corporation (CGN) reported a total shareholding of 29,176,641,375 shares of RMB ordinary shares[12]. - BlackRock, Inc. holds 750,885,325 shares, representing 1.49% of the total shares[12]. - Citigroup, Inc. holds 696,206,995 shares, representing 1.38% of the total shares[12]. - The total number of shares held by the top ten shareholders amounts to 29,736,876,375 shares[12]. Government and Regulatory Matters - The company received government subsidies amounting to CNY 10.03 million during the reporting period, primarily related to research projects[5]. - Approval was granted for new nuclear projects including Zhaoyuan units 1 and 2, and Lufeng units 1 and 2, along with Cangnan units 3 and 4[18]. - The company plans to issue A-share convertible bonds with a total amount not exceeding RMB 4.9 billion, aimed at funding the Guangdong Lufeng Nuclear Power Plant units 5 and 6[16]. Operational Highlights - The total electricity generated by the company's nuclear power units from January to September 2024 was approximately 166.89 billion kWh, an increase of 4.97% compared to the previous year[7]. - The construction of the Ningde 5 unit commenced on July 28, 2024, entering the civil construction phase[15]. Accounting and Reporting - The third quarter report of China General Nuclear Power Corporation for 2024 has not been audited[27]. - The company will implement new accounting standards starting in 2024, affecting the financial statements from the beginning of the year[27]. - The report was released on October 23, 2024, by the board of directors[27]. - There are no specific performance summaries, user data, or future outlooks provided in the report[27]. - The report does not disclose any financial figures or performance metrics for the third quarter[27]. - The report indicates that it is the first execution of the new accounting standards, but details are lacking[27]. - The absence of an audit may affect the reliability of the financial data presented[27].
中广核电力(01816) - 2024 Q3 - 季度业绩