HPI(600011)2024-10-29 12:15Financial Performance - The operating revenue for the third quarter was CNY 65,589,857,071, representing a year-on-year increase of 0.46%[2] - The net profit attributable to shareholders was CNY 2,959,097,093, a decrease of 52.69% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,861,170,694, down 25.18% year-on-year[3] - The basic earnings per share decreased by 57.14% to CNY 0.15[3] - The weighted average return on net assets was 4.11%, a decrease of 6.84 percentage points compared to the previous year[3] - Total operating revenue for the first three quarters of 2024 was CNY 184.40 billion, a decrease of 3.84% from CNY 191.32 billion in the same period of 2023[19] - Net profit for the first three quarters of 2024 was CNY 13.36 billion, slightly down from CNY 13.45 billion in 2023[20] - The net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 10.41 billion, compared to CNY 12.56 billion in 2023, reflecting a decrease of 17.06%[20] - The company reported a basic earnings per share of CNY 0.53 for the first three quarters of 2024, down from CNY 0.66 in 2023[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 564,902,152,145, an increase of 4.39% from the end of the previous year[3] - The total assets of the company as of September 30, 2024, were RMB 564.902 billion, compared to RMB 541.159 billion at the end of 2023[17] - Current assets increased to RMB 101.438 billion from RMB 90.744 billion at the end of 2023[17] - Long-term equity investments rose to RMB 24.319 billion, up from RMB 22.685 billion[17] - Total liabilities as of the end of the third quarter of 2024 amounted to CNY 363.44 billion, a decrease from CNY 369.80 billion at the end of 2023[19] - The total equity attributable to shareholders of the parent company increased to CNY 137.70 billion from CNY 132.14 billion, representing a growth of 4.23%[19] Cash Flow - The company reported a net cash flow from operating activities of CNY 19,389,849,081, a decrease of 2.57% year-on-year[3] - In the first three quarters of 2024, the company's cash inflow from operating activities was CNY 205.85 billion, a decrease of 4.1% compared to CNY 215.44 billion in the same period of 2023[21] - The net cash flow from operating activities increased to CNY 42.99 billion, up 27.7% from CNY 33.66 billion year-on-year[21] - Cash inflow from investment activities totaled CNY 1.20 billion, significantly down from CNY 3.24 billion in the previous year[21] - The net cash flow from investment activities was negative at CNY 35.52 billion, compared to a negative CNY 34.01 billion in the same period of 2023[21] - Cash inflow from financing activities was CNY 158.11 billion, a decrease of 23% from CNY 205.38 billion in the previous year[22] - The net cash flow from financing activities was CNY 2.99 billion, compared to CNY 2.21 billion in the same period of 2023, reflecting a 35% increase[22] - The company's cash and cash equivalents at the end of the period stood at CNY 26.63 billion, up from CNY 18.04 billion at the end of the same period last year[22] - The total cash outflow for financing activities was CNY 155.13 billion, down from CNY 203.17 billion in the previous year[22] - The company received CNY 22.68 billion from investments in subsidiaries, a significant increase from CNY 735.62 million in the previous year[22] - The company reported a cash inflow from tax refunds of CNY 372.58 million, a decrease from CNY 1.19 billion in the same period of 2023[21] Segment Performance - The company experienced a 3.62% decline in operating revenue due to a decrease in domestic business settlement electricity prices[8] - The company’s investment income decreased by 69.08% primarily due to the impact of disposing of equity interests in the previous year[9] - The total profit for the coal segment reached RMB 6.568 billion, a 91.16% increase compared to the same period last year[10] - Wind power profit amounted to RMB 5.200 billion, reflecting a 10.87% year-over-year growth[10] - The photovoltaic segment reported a profit of RMB 2.430 billion, up 33.21% from the previous year[10] - Hydropower profit surged to RMB 0.119 billion, marking a significant increase of 277.81% year-over-year[10] Shareholder Information - The company reported a total of 100,691 common shareholders at the end of the reporting period[11] - The top shareholder, Huaneng International Power Development Company, holds 32.28% of the shares[12] - The company has not indicated any significant changes in shareholder relationships or actions during the reporting period[13] Research and Development - Research and development expenses increased to CNY 1.15 billion in the first three quarters of 2024, up from CNY 875.84 million in 2023, marking a growth of 31.47%[19]