龙源电力(001289) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥7,466,991,164.99, a decrease of 9.87% compared to the same period last year[2] - Net profit attributable to shareholders was ¥1,647,528,480.81, representing a significant increase of 41.58% year-over-year[2] - The net profit excluding non-recurring gains and losses was ¥1,364,432,303.83, which is an increase of 16.00% compared to the previous year[2] - Basic earnings per share for Q3 2024 was ¥0.1957, up 45.94% from the same period last year[2] - The company's total operating revenue for the current period is CNY 26,350,264,346.95, a decrease of 6.36% from CNY 28,150,208,082.59 in the previous period[26] - The net profit for the current period is CNY 6,149,387,746.44, down 13.00% from CNY 7,058,358,194.50 in the previous period[27] - The company's operating profit for the current period is CNY 7,465,786,605.94, a decrease of 10.39% from CNY 8,329,694,673.99 in the previous period[27] - The total profit for the current period is CNY 7,576,762,880.15, down 9.59% from CNY 8,381,179,966.56 in the previous period[27] - The basic earnings per share for the current period is CNY 0.6490, compared to CNY 0.7143 in the previous period[27] - The diluted earnings per share for the third quarter were 0.6490, compared to 0.7143 in the previous period[28] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥9,759,653,524.12, showing a substantial increase of 62.01%[2] - Cash inflow from operating activities totaled ¥27,019,245,019.03, an increase from ¥25,971,187,531.31 in the prior year[28] - Net cash flow from operating activities reached ¥9,759,653,524.12, up from ¥6,024,191,313.28 year-over-year[28] - Cash outflow from investment activities was ¥16,536,547,545.32, slightly down from ¥16,849,556,984.67 in the previous year[29] - Net cash flow from financing activities was ¥4,343,030,879.76, a significant improvement from a net outflow of -¥368,534,670.01 in the same period last year[29] - The company received cash from investment recovery amounting to ¥1,042,604,829.70, a significant increase from ¥42,000,000.00 in the previous year[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥240,354,335,108.90, reflecting a 4.51% increase from the previous year[2] - Total assets increased to CNY 240.35 billion, up from CNY 229.99 billion year-over-year, representing a growth of approximately 4.4%[24] - Current assets totaled CNY 49.01 billion, an increase from CNY 45.76 billion, reflecting a growth of about 4.9%[24] - Non-current assets rose to CNY 191.34 billion, compared to CNY 184.23 billion, marking an increase of approximately 3.0%[24] - Total liabilities increased to CNY 156.07 billion, up from CNY 147.46 billion, indicating a growth of around 5.5%[24] - The total current liabilities decreased to CNY 71.07 billion from CNY 72.17 billion, reflecting a reduction of about 1.5%[24] Investments and Expenses - Research and development expenses increased by 34.76% year-on-year, attributed to the increase in R&D projects and personnel during the reporting period[10] - Research and development expenses increased to CNY 105,423,410.32, up 34.77% from CNY 78,230,184.95 in the previous period[26] - The company's financial expenses for the current period are CNY 2,491,271,586.30, slightly down from CNY 2,501,336,536.43 in the previous period[26] - The tax expenses for the current period are CNY 1,427,375,133.71, an increase from CNY 1,322,821,772.06 in the previous period[27] - The company's investment income for the current period is CNY 674,419,399.77, significantly up from CNY 10,510,752.36 in the previous period[26] - Investment income surged by 6,316.47% year-on-year, mainly due to the disposal of subsidiary Jiangyin Sulong Thermal Power Co., Ltd. and increased investment income from joint ventures and associates[10] Operational Metrics - The company experienced a 58.12% decrease in trading financial assets, primarily due to the exclusion of a subsidiary from the consolidation scope[7] - The group completed the transfer of equity in Jiangyin Sulong Thermal Power Co., Ltd., and will no longer account for its power generation from September 2024[22] - The total power generation for the group was 56,846,592 MWh, representing a year-on-year growth of 2.42%[19] - Wind power generation was 43,861,535 MWh, a decrease of 1.82% from 44,673,091 MWh in the previous year[20] - The generation from other renewable energy sources increased by 82.76% to 5,822,066 MWh, with solar power contributing 5,817,665 MWh, up 82.88% year-on-year[20] Capacity and Utilization - As of September 30, 2024, the total installed capacity of the group reached 37,010.40 MW, an increase of 12.80% compared to 32,809.50 MW in the same period last year[18] - The wind power installed capacity increased to 28,380.64 MW, up 6.01% from 26,771.69 MW year-on-year[18] - The installed capacity of other renewable energy sources surged by 91.45% to 7,969.76 MW from 4,162.81 MW year-on-year[18] - The thermal power installed capacity decreased significantly by 64.80% to 660.00 MW from 1,875.00 MW in the previous year[18] - The average utilization hours for wind power decreased to 1,607 hours, down 108 hours compared to the same period last year[19]