华银电力(600744) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥2,616,786,643.11, a decrease of 12.63% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥28,946,861.35, down 83.37% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,894,363.02, a decrease of 83.61% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.015, reflecting an 82.56% decline year-on-year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 6,162,762,166.22, a decrease of 21.8% compared to CNY 7,880,213,829.14 in the same period of 2023[12]. - Revenue from sales of goods and services for the first three quarters of 2024 was CNY 7,140,830,951.60, a decrease of 19.6% compared to CNY 8,890,593,702.78 in the same period of 2023[16]. - The company reported a net loss of CNY 6,098,359,269.54 for the period, slightly improved from a net loss of CNY 6,117,419,120.92 in the previous year[11]. - The net profit for the third quarter of 2024 was CNY 42,172,281.80, an increase of 9.5% compared to CNY 38,612,040.88 in the same period of 2023[14]. - The total profit for the third quarter was CNY 67,518,823.26, down 5.4% from CNY 71,253,187.65 year-over-year[14]. - Operating profit decreased to CNY 56,393,114.16, a decline of 10.6% from CNY 63,063,785.07 in the previous year[14]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥24,536,911,764.00, an increase of 1.98% from the end of the previous year[3]. - The equity attributable to shareholders at the end of Q3 2024 was ¥1,745,190,011.09, up 2.63% compared to the end of the previous year[3]. - Total assets as of September 30, 2024, amounted to CNY 24,536,911,764.00, an increase from CNY 24,059,743,085.26 at the end of 2023[11]. - Total liabilities increased to CNY 22,616,656,912.96 from CNY 22,233,079,879.80, reflecting a rise of 1.7%[11]. - Non-current liabilities totaled CNY 14,290,494,231.80, up from CNY 12,634,397,319.46, indicating an increase of 13.1%[11]. - The company's total equity decreased to CNY 2,095,262,749.96 in Q3 2024 from CNY 2,184,184,618.13 in Q3 2023, a decline of 4.1%[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,864,366,747.92, an increase of 66.15% year-on-year[2]. - The cash inflow from operating activities for the first three quarters was CNY 7,359,205,010.65, a decrease of 21.5% compared to CNY 9,378,606,896.01 in the same period of 2023[16]. - The company's cash and cash equivalents increased by 78.40% due to the pre-collection of 500 million yuan in electricity settlement payments[5]. - Cash and cash equivalents increased to CNY 1,303,460,740.99 as of September 30, 2024, compared to CNY 730,647,874.39 at the end of 2023, representing an increase of 78.1%[10]. - The company's cash and cash equivalents increased to CNY 1,256,347,122.29 by the end of Q3 2024, compared to CNY 673,539,772.34 at the end of Q3 2023, marking an increase of 86.5%[17]. - The cash outflow from investing activities was CNY 1,809,458,387.94 in Q3 2024, compared to CNY 2,797,442,538.37 in Q3 2023, indicating a reduction of 35.3%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 146,245[7]. - The largest shareholder, China Datang Corporation, holds 29.97% of the shares[7]. Cost and Expenses - The company reported a decrease in other non-operating income of ¥1,271,785.05 for the current period compared to ¥10,257,261.27 in the previous year[4]. - The company reported investment income of CNY 49,928,855.41, down 43.6% from CNY 88,541,738.01 year-over-year[14]. - The financial expenses for the third quarter were CNY 372,420,367.79, slightly up from CNY 372,175,387.32 in the previous year[14]. - The company reported a decrease in tax expenses to CNY 25,346,541.46 from CNY 32,641,146.77 in the previous year, reflecting a reduction of 22.3%[14]. - The company's financial expenses decreased to approximately ¥237.01 million in the first three quarters of 2024 from ¥246.15 million in the same period of 2023[21]. Inventory and Receivables - Accounts receivable financing decreased by 47.96% primarily due to the use of bank acceptance bills for external payments[5]. - Inventory decreased by 33.09% as the company consumed part of its coal inventory to reduce capital occupation[5]. - Accounts receivable decreased to CNY 1,377,780,100.82 from CNY 1,827,172,244.54, a decline of 24.6%[10]. - Inventory decreased to CNY 387,141,635.67 from CNY 578,601,070.13, a reduction of 33.0%[10]. Special Reserves - The company has seen a 286.73% increase in special reserves due to the accrual of unused safety production fees[5].