TGWC(600116)2024-10-24 08:26Financial Performance - The company's operating revenue for Q3 2024 was CNY 2,887,254,907.65, representing a year-on-year increase of 6.85%[2] - The net profit attributable to shareholders for Q3 2024 decreased by 49.63% to CNY 154,182,960.56 compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 136,987,965.60, down 52.22% year-on-year[2] - The basic earnings per share for Q3 2024 was CNY 0.08, a decrease of 50.00% compared to the same period last year[2] - The diluted earnings per share for Q3 2024 was also CNY 0.08, down 50.00% year-on-year[2] - The weighted average return on equity for Q3 2024 was 1.38%, a decrease of 1.41 percentage points compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 was CNY 8,101,850,617.85, a decrease of 3.44% compared to CNY 8,390,942,022.48 in the same period of 2023[18] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 383,213,692.68, an increase of 13.57% from CNY 337,418,224.98 in the same period of 2023[19] - The company reported a comprehensive income total of CNY 369,262,394.10 for the first three quarters of 2024, up from CNY 325,098,907.20 in the previous year[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 24,344,907,024.54, an increase of 3.43% from the end of the previous year[3] - The total current assets amount to approximately 4.92 billion CNY, an increase from 4.68 billion CNY in the previous period[16] - The company's total assets stand at approximately 24.34 billion CNY, compared to 23.54 billion CNY in the previous period[17] - The company's total liabilities are approximately 12.83 billion CNY, up from 12.11 billion CNY[17] - Short-term borrowings increased to approximately 4.40 billion CNY from 3.34 billion CNY[17] - The company's long-term borrowings increased to approximately 2.86 billion CNY from 2.62 billion CNY[17] - The total liabilities decreased to CNY 4,716,513,786.12 from CNY 5,081,037,546.24, showing a reduction of approximately 7.2%[25] - The company's total assets decreased to CNY 14,893,294,475.72 from CNY 15,520,263,350.67, reflecting a decline of approximately 4.0%[28] - The total liabilities decreased to CNY 4,949,508,833.83 from CNY 5,349,529,583.39, reflecting a reduction of approximately 7.5%[28] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 515,006,332.71, showing a slight decrease of 0.49% compared to the previous year[2] - Cash flow from operating activities for the first three quarters of 2024 was CNY 6,980,513,318.90, a decrease of 6.38% from CNY 7,456,054,465.51 in the same period of 2023[21] - The net cash flow from financing activities was negative at CNY -523,334,982.33, compared to CNY -389,147,738.44 in the same period last year[31] - The company experienced a net cash outflow in financing activities, indicating potential challenges in managing financing costs and debt obligations[31] Shareholder Actions - The company completed a share buyback of 18,951,591 shares, representing 0.99% of the total share capital, with a total expenditure of approximately RMB 146 million at an average price of RMB 7.70 per share[9] - The controlling shareholder, China Yangtze Power, increased its stake in the company by acquiring 13,350,089 shares, amounting to approximately RMB 100 million, raising its total shareholding from 22% to 24%[10][11] - For the first three quarters of 2024, the company proposes a cash dividend of 0.05 CNY per share, totaling approximately 94.66 million CNY, based on a total share capital of 1,893,191,313 shares[14] Investments and Expenses - The company recognized government subsidies of CNY 41,201,996.78 as regular income, which positively impacted the financial results[3] - The company reported an investment income of CNY 74,953,430.78 for the first three quarters of 2024, significantly up from CNY 16,781,309.56 in the previous year[19] - Research and development expenses for the first three quarters of 2024 amounted to CNY 1,968,367.28, indicating ongoing investment in innovation[18] - The company reported a decrease in management expenses to CNY 42,243,739.25 from CNY 50,087,194.75, a reduction of approximately 15.5%[27] - Investment income increased significantly to CNY 6,424,717.14 from CNY 2,215,466.17, marking an increase of 189.5%[27] Cash and Equivalents - The company’s cash and cash equivalents decreased to approximately 1.37 billion CNY from 1.88 billion CNY[15] - The cash and cash equivalents at the end of Q3 2024 were CNY 1,212,514,147.24, down from CNY 1,913,249,895.52 at the end of Q3 2023, representing a decrease of about 36.6%[23] - The ending balance of cash and cash equivalents was CNY 460,358,204.76, down from CNY 872,941,541.14 in the previous year[31]