黔源电力(002039) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 925,127,433, a decrease of 1.31% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 244,098,106, representing an increase of 2.27% year-on-year[5]. - The basic earnings per share for Q3 2023 was CNY 0.5709, up by 2.28% from the previous year[5]. - The total profit for the period was ¥538,530,260.42, reflecting a decline of 53.21% from ¥1,150,949,311.06, attributed to decreased power generation revenue[11]. - Net profit for the period was CNY 464,867,828.25, a decline of 53.6% from CNY 1,000,614,619.32 in the same period last year[21]. - The total comprehensive income for the third quarter was CNY 465,826,042.22, a decrease from CNY 1,001,234,274.33 in the same period last year, representing a decline of approximately 53.6%[24]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 16,640,401,672.73, a decrease of 0.81% from the end of the previous year[5]. - The company's total assets decreased to CNY 16,640,401,672.73 from CNY 16,776,570,771.54, indicating a reduction in asset base[19]. - Current liabilities increased to CNY 2,686,522,707.58 from CNY 2,375,850,797.77, showing a rise in short-term financial obligations[19]. - Long-term borrowings decreased to CNY 6,762,917,997.86 from CNY 7,451,659,935.62, reflecting a strategy to manage long-term debt[19]. - The company's total equity attributable to shareholders increased by 4.40% to CNY 3,837,330,834.18 compared to the previous year[5]. - The company's equity attributable to shareholders rose to CNY 3,837,330,834.18 from CNY 3,675,450,065.84, indicating improved shareholder value[19]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 1,636,837,173.17, down by 20.96% compared to the same period last year[5]. - The net cash flow from operating activities was CNY 1,636,837,173.17, down from CNY 2,070,842,369.93, indicating a decrease of about 21% year-over-year[24]. - Cash inflows from operating activities totaled CNY 2,116,035,264.19, compared to CNY 2,850,542,872.81 in the previous year, a decline of approximately 25.7%[24]. - Cash outflows from operating activities amounted to CNY 479,198,091.02, down from CNY 779,700,502.88, indicating a decrease of about 38.6%[24]. - The net cash flow from financing activities was -CNY 930,671,672.08, compared to -CNY 712,038,771.17 in the previous year, indicating a worsening of approximately 30.7%[24]. Operational Metrics - Accounts receivable increased by 383.73% to CNY 224,069,278.26 due to increased electricity settlement volume[10]. - Inventory saw a significant increase of 2241.07% to CNY 3,730,303.21, indicating unutilized stock materials[10]. - The total power generation from various hydropower stations during the reporting period was 24,506.67 million kWh from Puding Hydropower Station, 56,843.60 million kWh from Yinzi Duhydropower Station, and others[11]. - The company has not yet estimated the impact of the "Qian Electric Transmission to Guangdong" power allocation on revenue due to pending settlement[12]. Investment and Expenses - Cash paid for fixed assets and long-term assets was ¥130,000,607.80, a decrease of 64.82% from ¥369,565,031.83, indicating reduced investment in ongoing photovoltaic projects[11]. - Research and development expenses were not explicitly detailed but are part of the overall cost management strategy[21]. - The company reported a significant decrease in financial expenses, down to CNY 251,016,421.02 from CNY 310,998,035.41, indicating improved financial management[21]. - Total operating costs amounted to CNY 1,001,940,798.59, down from CNY 1,267,825,448.17, reflecting a cost reduction strategy[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,008, with no preferred shareholders[14]. - The largest shareholder, China Huadian Corporation, holds 15.89% of the shares, totaling 67,952,510 shares[14]. Accounting and Audit - The company has undergone a change in accounting policy, leading to adjustments in previous financial data[6]. - The company has not undergone an audit for the third quarter report[25].