绿色动力(601330) - 2024 Q3 - 季度财报

Financial Performance - Q3 2024 revenue was CNY 883,455,617.64, a decrease of 1.90% year-over-year, while year-to-date revenue decreased by 16.37% to CNY 2,543,962,357.96[2] - Net profit attributable to shareholders for Q3 2024 was CNY 200,612,765.88, an increase of 16.75% year-over-year, with year-to-date net profit down by 6.02% to CNY 503,638,784.18[2] - Basic earnings per share for Q3 2024 was CNY 0.14, up 16.67% year-over-year, while year-to-date basic earnings per share decreased by 5.26% to CNY 0.36[3] - Total operating revenue for the first three quarters of 2024 was CNY 2,543,962,357.96, a decrease of 16.4% compared to CNY 3,042,041,871.04 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was CNY 533,018,881.32, a decrease of 5.3% compared to CNY 562,700,388.06 in 2023[18] - Basic earnings per share for the first three quarters of 2024 was CNY 0.36, down from CNY 0.38 in the same period of 2023[20] Cash Flow - Operating cash flow for Q3 2024 increased by 37.71% to CNY 511,360,358.47, while year-to-date operating cash flow rose by 60.04% to CNY 1,054,731,785.61[3] - Cash flow from operating activities for the first three quarters of 2024 was CNY 1,054,731,785.61, an increase of 60% compared to CNY 659,044,916.66 in 2023[21] - Cash received from sales of goods and services was CNY 2,478,048,183.41, an increase from CNY 2,164,704,731.55 in the previous year[21] - The total cash flow from financing activities amounted to 4,019,023,219.27 CNY, an increase from 2,455,610,689.36 CNY in the previous year[22] - The net cash flow from financing activities was -743,520,063.99 CNY, showing an improvement compared to -811,646,650.15 CNY in the same period last year[22] - The net increase in cash and cash equivalents was 31,979,122.05 CNY, a significant recovery from -732,064,563.26 CNY in the previous year[22] - The ending balance of cash and cash equivalents was 1,064,514,078.98 CNY, compared to 1,132,718,730.33 CNY at the end of the same period last year[22] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 22,404,412,278.53, a decrease of 0.59% from the end of the previous year[3] - The company's total assets amounted to RMB 22.404 billion, a slight decrease from RMB 22.537 billion at the end of 2023[14] - The total liabilities decreased from RMB 10.679 billion at the end of 2023 to RMB 10.641 billion as of September 30, 2024[14] - Total liabilities as of the latest report were CNY 13,790,439,221.05, a decrease from CNY 14,263,308,748.01 in the previous year[15] - Total equity attributable to shareholders of the parent company was CNY 8,117,917,924.03, an increase from CNY 7,807,439,716.26 in the previous year[15] Shareholder Information - The top shareholder, Beijing State-owned Assets Management Co., held 42.63% of shares, followed by HKSCC Nominees Limited with 27.23%[7] - The proportion of H shares held by Changcheng Life Insurance increased to 7.5137% as of September 20, 2024, up from 5.0343% earlier in August[11] Operational Highlights - In Q3 2024, the total waste processed by subsidiaries reached 3.7002 million tons, with electricity generation of 1,323.4992 million kWh, and steam supply of 136,200 tons[12] - For the first nine months of 2024, cumulative waste processed was 10.7075 million tons, a year-on-year increase of 7.16%, while cumulative electricity generation grew by 10.44% to 3,822.1888 million kWh[12] - The company reported a significant increase in steam supply, which grew by 23.64% year-on-year to 371,900 tons for the first nine months of 2024[12] Future Plans - The decrease in revenue was primarily due to reduced construction projects and lower construction income[6] - The company plans to focus on increasing cash flow from government subsidies and reducing construction expenditures in PPP projects[6] - The company plans to continue focusing on market expansion and new product development to enhance future growth prospects[16] Other Financial Metrics - Non-recurring gains and losses for Q3 2024 totaled CNY 1,902,304.65, with government subsidies contributing CNY 1,869,054.91[4] - The company provided guarantees totaling RMB 7.125 billion for its subsidiaries, including a guarantee for a RMB 170 million loan and another for RMB 577 million[13] - The company's accounts receivable rose to RMB 2.395 billion from RMB 1.973 billion year-on-year[14] - The inventory decreased to RMB 46.66 million from RMB 62.73 million year-on-year[14] - The company reported a financial expense of CNY 344,677,107.38, a slight decrease from CNY 351,289,333.68 in the previous year[18] - The company distributed dividends and interest payments totaling 506,122,975.12 CNY, up from 475,980,185.91 CNY in the previous year[22] - Cash paid to minority shareholders amounted to 16,000,000.00 CNY, a substantial increase from 1,600,000.00 CNY in the previous year[22] - Cash paid for other financing activities was 2,067,333.71 CNY, down from 2,793,471.42 CNY in the previous year[22] - The company did not apply the new accounting standards or interpretations for the first time in 2024[22]