Financial Performance - The company's operating revenue for Q3 2023 was CNY 20,566,558,309.22, a decrease of 5.63% compared to CNY 21,792,933,291.06 in the same period last year[6] - Net profit attributable to shareholders for Q3 2023 was CNY 2,740,737,799.67, down 5.08% from CNY 2,885,573,841.76 year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,697,928,854.80, a decrease of 4.34% compared to CNY 2,818,465,448.34 in the previous year[6] - The basic earnings per share for Q3 2023 was CNY 0.0543, down 5.07% from CNY 0.0571 in the same period last year[6] - The total operating revenue for the period reached CNY 59.84 billion, compared to CNY 58.42 billion in the same period last year, reflecting a year-over-year growth of approximately 2.4%[24] - The total profit for the first nine months of 2023 was approximately 18.39 billion RMB, reflecting a year-on-year growth of 15.9%[11] - The net profit attributable to shareholders for the first nine months of 2023 was approximately 9.70 billion RMB, an increase of 10.4% compared to the previous year[11] - The total comprehensive income for Q3 2023 was CNY 15,532,670,340.23, compared to CNY 13,887,368,325.59 in Q3 2022, marking an increase of around 11.8%[26] Assets and Liabilities - The total assets as of September 30, 2023, were CNY 409,015,565,449.93, reflecting a 1.20% increase from the previous year-end[6] - The equity attributable to shareholders increased by 5.08% to CNY 107,027,665,892.37 compared to CNY 112,467,231,763.07 in the previous year[6] - As of September 30, 2023, the total assets of the company amounted to CNY 413.94 billion, an increase from CNY 409.02 billion at the beginning of the year[21] - The company’s inventory as of September 30, 2023, was CNY 17.46 billion, slightly down from CNY 17.78 billion, a decrease of about 1.8%[22] - The company’s long-term equity investments increased to CNY 14.08 billion from CNY 13.66 billion, reflecting a growth of approximately 3.1%[22] - The company’s short-term borrowings rose to CNY 14.07 billion from CNY 11.93 billion, an increase of about 17.9%[22] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 26,997,797,062.71, an increase of 10.97% from CNY 24,328,787,492.92 in the same period last year[6] - Cash flow from operating activities for the period was CNY 68,593,824,027.39, compared to CNY 64,314,145,662.03 in the previous year, showing an increase of about 6.5%[27] - The cash and cash equivalents net increase was approximately 304.55 million RMB, a significant increase of 260.98% compared to the previous year[15] - Operating cash inflow totaled CNY 71.63 billion, an increase from CNY 67.01 billion year-over-year[28] - Cash and cash equivalents at the end of the period amounted to CNY 10.60 billion, down from CNY 12.42 billion year-over-year[28] Expenses and Financial Management - The company's financial expenses decreased due to the repayment of maturing debts and a decline in loan interest rates[11] - The financial expenses decreased to CNY 4,228,087,066.00 in Q3 2023 from CNY 5,019,025,800.16 in Q3 2022, a reduction of approximately 15.7%[25] - The company reported a 472.54% increase in employee compensation payable, primarily due to timing differences in salary disbursement[12] - The company reduced its other current liabilities by 94.00% to approximately 188.59 million RMB, mainly due to the repayment of short-term bonds[12] Operational Highlights - From January to September 2023, the total power generation of the nuclear power units operated by the company was approximately 158.99 billion kWh, an increase of 11.31% compared to the same period last year[10] - The company plans to continue expanding its nuclear power generation capacity and invest in new projects to enhance operational efficiency[17] - The company commenced construction of the Lufeng Unit 6 on August 26, 2023, marking a significant step in its expansion strategy[19] Governance - The company completed the election of its fourth board of directors and supervisory board on October 9, 2023, ensuring continuity in governance[20] Research and Development - Research and development expenses for Q3 2023 amounted to CNY 1,043,574,905.47, up from CNY 885,729,260.83 in Q3 2022, reflecting a rise of approximately 18%[25]
中广核电力(01816) - 2023 Q3 - 季度业绩