wsdl(600995)2024-10-28 09:44Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,607,875,348.70, representing a year-on-year increase of 33.33%[2] - The net profit attributable to shareholders for Q3 2024 was ¥418,949,364.58, a significant increase of 231.49% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥423,726,595.89, reflecting a year-on-year increase of 235.98%[2] - The basic earnings per share for Q3 2024 was ¥0.13, an increase of 225.00% year-on-year[4] - The diluted earnings per share for Q3 2024 was also ¥0.13, reflecting a similar increase of 225.00% year-on-year[4] - The weighted average return on equity for Q3 2024 was 1.96%, an increase of 1.35 percentage points compared to the same period last year[4] - Total operating revenue for the first three quarters of 2024 reached CNY 4,519,028,579.88, an increase of 11.1% compared to CNY 4,066,825,180.19 in the same period of 2023[15] - The total operating profit for Q3 2024 was CNY 1,639,300,107.18, an increase from CNY 1,238,712,288.22 in Q3 2023[16] - Net profit for the first three quarters of 2024 was CNY 185.92 million, an increase of 7.9% compared to CNY 173.55 million in the first three quarters of 2023[24] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥48,700,093,200.21, an increase of 9.47% from the end of the previous year[4] - The total assets as of the end of Q3 2024 were CNY 48,700,093,200.21, up from CNY 44,486,027,161.99, representing an increase of 9.8%[14] - Non-current liabilities totaled CNY 21,740,633,503.56, an increase from CNY 15,801,933,893.87, reflecting a growth of 37.5%[14] - The company's total liabilities reached CNY 23,542,908,152.35, compared to CNY 20,201,436,000.90, indicating an increase of 11.6%[14] - Total liabilities amounted to CNY 3.45 billion as of September 30, 2024, compared to CNY 218.18 million at the end of 2023, indicating a significant increase[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,986,644,168.21, showing an increase of 8.08% year-on-year[2] - The cash flow from operating activities for the first three quarters of 2024 was CNY 2,986,644,168.21, up from CNY 2,763,374,177.77 in the same period of 2023[18] - Operating cash inflow for the first three quarters of 2024 reached CNY 4,708,940,284.50, a significant increase from CNY 537,970,743.51 in the same period of 2023[27] - Net cash flow from operating activities was CNY 3,101,982,214.33, compared to a negative CNY 18,241,783.21 in the first three quarters of 2023[27] - The net cash flow from investing activities for the first three quarters of 2024 was -CNY 4,107,295,661.66, compared to -CNY 2,239,119,700.07 in the same period of 2023[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 44,065[9] - The largest shareholder, China Southern Power Grid Co., Ltd., holds 2,086,904,162 shares, representing 65.30% of total shares[9] - The top ten shareholders include several state-owned entities, indicating a strong government influence in the ownership structure[9] - The company has not reported any changes in the lending or borrowing of shares among the top shareholders[11] Research and Development - Research and development expenses increased to CNY 13,305,150.31, compared to CNY 10,742,510.54, marking a rise of 23.8%[15] - Research and development expenses for the first three quarters of 2024 were CNY 12.44 million, compared to CNY 9.61 million in the same period of 2023, indicating an increase in investment in R&D[24] Cash and Cash Equivalents - As of September 30, 2024, the company’s cash and cash equivalents amounted to RMB 4,748,947,249.69, an increase from RMB 3,224,212,149.84 at the end of 2023[12] - Cash and cash equivalents at the end of Q3 2024 amounted to CNY 4,721,407,211.92, down from CNY 5,371,972,618.49 at the end of Q3 2023[19] - The total cash and cash equivalents at the end of the period reached CNY 4,398,469,470.15, compared to CNY 1,278,428,427.65 at the end of the same period in 2023[28] Revenue Drivers - The increase in revenue and profit was primarily driven by increased water inflow at the peak-shaving hydropower plant and the commissioning of the Foshan Baotang energy storage station, which contributed to new energy storage revenue[7]