Huaneng Hydropower(600025)2024-10-29 11:47Financial Performance - The company's operating revenue for Q3 2024 was ¥7,537,196,021.05, a decrease of 1.27% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥3,056,312,901.73, down 7.37% year-on-year[2]. - The basic earnings per share for Q3 2024 was ¥0.16, reflecting a decrease of 5.88% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2024 reached CNY 19.42 billion, an increase of 7.05% compared to CNY 18.14 billion in the same period of 2023[14]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 7.23 billion, representing a 7.77% increase from CNY 6.70 billion in 2023[15]. - Total comprehensive income attributable to the parent company reached CNY 7,160,540,445.88, an increase from CNY 6,743,362,976.43 in the same period last year, reflecting a growth of approximately 6.2%[17]. - Operating profit increased to CNY 7,235,173,213.48, up from CNY 6,718,389,841.90, representing a growth of approximately 7.67%[26]. - Net profit for the first three quarters of 2024 reached CNY 6,256,922,456.12, compared to CNY 5,916,697,775.08 in 2023, marking an increase of about 5.75%[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥203,940,381,102.63, an increase of 4.46% from the end of the previous year[3]. - The company's total liabilities as of the end of the third quarter of 2024 amounted to CNY 126.31 billion, an increase of 1.45% from CNY 124.52 billion at the end of 2023[13]. - Total current assets increased to ¥6,720,440,054.09 as of September 30, 2024, up from ¥4,339,798,782.40 at the end of 2023, representing a growth of approximately 55.0%[9]. - Non-current assets totaled ¥197,219,941,048.54, up from ¥190,899,466,514.95, indicating an increase of about 3.0%[11]. - The company's total equity rose to CNY 70,771,940,330.20, compared to CNY 65,034,329,589.32, indicating an increase of about 8.45%[24]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥14,345,669,042.32, an increase of 11.94% year-on-year[2]. - Cash and cash equivalents at the end of the third quarter of 2024 were CNY 7.48 billion, compared to CNY 6.94 billion at the end of 2023, indicating a liquidity improvement[12]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 10,842,609,170.03, an increase from CNY 10,265,503,391.12 in the same period of 2023, representing a growth of approximately 5.6%[27]. - The company reported a net increase in cash and cash equivalents of CNY 1,261,890,977.07, compared to a decrease of CNY 61,775,541.98 in the same period last year[20]. - The net cash flow from financing activities showed a decrease, with a net outflow of CNY 6,440,593,574.64 in 2024 compared to CNY 1,929,338,300.42 in 2023, reflecting a worsening of approximately 234%[29]. Investments and Expenses - Research and development expenses for the first three quarters of 2024 were CNY 101.84 million, a decrease of 10.77% compared to CNY 114.17 million in the same period of 2023[14]. - The company's financial expenses for the first three quarters of 2024 were CNY 1.98 billion, a slight decrease from CNY 2.02 billion in the previous year[14]. - Investment income increased significantly to CNY 604,498,646.00 from CNY 488,133,705.60, representing a growth of approximately 23.83%[25]. - The company received CNY 3,000,600,000.00 from investment activities, slightly up from CNY 2,997,600,000.00 in the previous year, indicating a marginal increase[19]. - The company reported an increase in investment income cash receipts to CNY 581,914,667.65 from CNY 327,306,807.53, representing a growth of approximately 77.5%[27]. Operational Highlights - The company reported an increase in electricity generation, which contributed to the growth in operating revenue and net profit year-on-year[6]. - The company continues to focus on expanding its renewable energy projects and enhancing operational efficiency in the upcoming quarters[9]. - The company maintains a strong liquidity position with a current ratio improvement due to increased cash reserves[9]. - The company has no significant changes in the top 10 shareholders or their participation in margin trading[8]. - The company did not apply new accounting standards or interpretations for the first time in 2024, maintaining consistency in financial reporting[30].