GDPD(600795)2024-10-24 09:46Financial Performance - The company's operating revenue for Q3 2024 was CNY 48,034,248,900.71, a decrease of 2.08% compared to CNY 49,056,125,317.93 in the same period last year[4] - Net profit attributable to shareholders was CNY 2,474,646,078.89, down 6.47% from CNY 2,645,712,666.87 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,471,046,682.38, a decrease of 5.09% compared to CNY 2,603,477,944.39 in the previous year[4] - Basic earnings per share were CNY 0.139, a decrease of 6.08% from CNY 0.148 in the same period last year[4] - The weighted average return on equity was 4.418%, down 1.077 percentage points from 5.495% year-on-year[4] - Total operating revenue for the first three quarters of 2024 was CNY 133.86 billion, a decrease of 2.4% from CNY 137.71 billion in the same period of 2023[16] - The company's net profit attributable to shareholders for the first three quarters of 2024 increased to CNY 30.47 billion, compared to CNY 22.38 billion in the same period of 2023, representing a growth of 36.3%[15] - The net profit for the third quarter of 2024 reached CNY 14.48 billion, an increase of 34.5% compared to CNY 10.81 billion in the same period of 2023[17] - The total profit for the first three quarters of 2024 was CNY 4,500,702,655.71, compared to CNY 1,945,197,263.71 in 2023, indicating an increase of about 131.5%[26] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 37,052,837,551.14, an increase of 30.75% from CNY 28,339,423,899.88 in the same period last year[4] - The net cash flow from operating activities for the first nine months of 2024 was CNY 37.05 billion, a significant increase of 30.8% from CNY 28.34 billion in 2023[20] - The company's cash and cash equivalents as of September 30, 2024, amount to ¥17,702,429,584.33, a decrease from ¥19,165,909,816.28 at the end of 2023[12] - The company's cash and cash equivalents decreased to CNY 40.21 billion from CNY 48.94 billion, a decline of 17.6%[14] - The company's cash and cash equivalents at the end of Q3 2024 were CNY 16,101,512,879.99, down from CNY 21,237,714,283.63 in the previous year[21] - Cash flow from operating activities generated a net amount of CNY 46,465,908.41 in the first three quarters of 2024, a turnaround from a net outflow of CNY 43,494,283.32 in the same period of 2023[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 479,837,002,576.72, an increase of 4.79% from CNY 457,899,346,871.80 at the end of the previous year[4] - The total assets as of September 30, 2024, amounted to CNY 123,558,866,161.85, an increase from CNY 120,151,827,573.18 at the end of 2023[24] - Total liabilities amounted to CNY 348.99 billion, up from CNY 338.47 billion, marking a rise of 1.5%[14] - The total liabilities decreased slightly to CNY 81,185,151,139.17 from CNY 81,384,399,498.23 year-over-year[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 326,140, with the largest shareholder, State Energy Investment Group, holding 9,038,709,571 shares, representing 50.68% of the total shares[8] - Shareholders' equity attributable to the parent company was CNY 57,407,501,374.61, an increase of 17.73% from CNY 48,762,277,358.79 at the end of the previous year[4] Investment and Other Income - The increase in net profit was attributed to gains from the transfer of the controlling subsidiary and increased investment income from joint ventures[7] - The company reported investment income of CNY 6.69 billion for the third quarter, a substantial rise from CNY 1.11 billion in the previous year, indicating a growth of 503.5%[17] - Investment income for the first three quarters of 2024 was CNY 7,102,708,451.49, significantly higher than CNY 3,171,399,385.16 in the same period of 2023[25] Operational Efficiency - The decrease in operating revenue was primarily due to a decline in electricity prices and the absence of revenue from Guodian Construction Investment, which was transferred in June[7] - The total operating costs for the first three quarters of 2024 were CNY 122.29 billion, down 2.4% from CNY 125.28 billion in the previous year[16] - Operating profit for the third quarter was CNY 17.32 billion, up from CNY 13.79 billion, reflecting a growth of 25.5% year-over-year[17] Changes in Receivables and Inventory - Accounts receivable as of September 30, 2024, are reported at ¥1,221,962,505.39, down from ¥1,406,136,076.06 at the end of 2023[12] - Accounts receivable increased to CNY 23.09 billion from CNY 22.05 billion, reflecting a rise of 4.7%[13] - Inventory rose to CNY 5.02 billion, slightly up from CNY 4.98 billion, indicating a growth of 0.9%[13] - The company reported a significant increase in other receivables, which rose to CNY 6.47 billion from CNY 2.66 billion, a growth of 143.5%[13] Financial Expenses - The company recorded a decrease in interest expenses from CNY 5.07 billion in 2023 to CNY 4.74 billion in 2024, a reduction of 6.6%[17] - The company's financial expenses increased to CNY 1,402,187,237.89 from CNY 1,294,366,393.03 year-over-year[25]