新集能源(601918) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 was approximately CNY 3.20 billion, a decrease of 6.63% compared to the same period last year[2] - Net profit attributable to shareholders was approximately CNY 648.51 million, an increase of 5.86% year-on-year[2] - Net profit excluding non-recurring gains and losses was approximately CNY 649.22 million, an increase of 6.43% year-on-year[2] - Total operating revenue for the first three quarters of 2024 was CNY 9,189,117,051.83, a decrease of 5.2% compared to CNY 9,691,761,907.59 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was CNY 2,029,048,780.41, a decline of 4.3% from CNY 2,120,064,612.63 in 2023[17] - The company reported a total profit of CNY 2,737,371,047.17 for the first three quarters of 2024, compared to CNY 2,855,874,980.28 in 2023[17] Cash Flow - Cash flow from operating activities decreased by 24.49% to approximately CNY 2.54 billion[6] - Cash flow from operating activities was CNY 10,568,504,854.39, down from CNY 11,822,383,040.87 in the first three quarters of 2023[19] - The net cash flow from operating activities for Q3 2024 was CNY 2,544,191,356.91, a decrease of 24.6% compared to CNY 3,369,412,498.62 in Q3 2023[20] - Total cash inflow from financing activities reached CNY 9,189,794,291.10, significantly up from CNY 2,882,126,280.57 in the same period last year[21] - The net cash flow from financing activities was CNY 3,541,668,226.50, a turnaround from a negative cash flow of CNY 1,628,827,761.98 in Q3 2023[21] - Cash outflow for purchasing fixed assets and other long-term assets was CNY 5,365,526,579.89, compared to CNY 1,383,711,201.27 in Q3 2023, indicating a significant increase in capital expenditure[20] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 42.74 billion, an increase of 17.75% from the end of the previous year[3] - Total liabilities amounted to RMB 25,819,469,648.29, up from RMB 21,469,568,113.23, which is an increase of about 20.9%[14] - Non-current assets increased to RMB 38,497,537,322.17 from RMB 33,157,263,987.48, indicating a growth of around 16%[12] - The company's equity attributable to shareholders increased to RMB 15,081,440,623.86 from RMB 13,519,083,453.03, reflecting a growth of approximately 11.6%[15] Investments and Projects - The company is progressing on various investment projects, with significant construction milestones achieved in multiple power plant projects as of September 2024[9] - The company reported a significant increase in prepayments by 241.26% due to increased material procurement[5] - Short-term borrowings increased by 27.07% due to financing for new power plant projects[5] Expenses and Costs - Total operating costs decreased to CNY 6,597,299,955.16, down 5.2% from CNY 6,958,154,970.12 year-over-year[16] - Research and development expenses were CNY 1,693,167.26, indicating ongoing investment in innovation[16] - Tax expenses for the first three quarters of 2024 were CNY 708,322,266.76, slightly down from CNY 735,810,367.65 in 2023[17] - The company paid CNY 4,840,608,283.00 in debt repayments, which was higher than CNY 3,611,218,625.24 in the same quarter last year[21] - The cash paid to employees increased to CNY 2,668,957,559.70 from CNY 2,505,851,453.49 in Q3 2023, reflecting a rise in labor costs[20] Other Income - The company received government subsidies amounting to approximately CNY 8.26 million during the reporting period[4] - Other income increased to CNY 11,350,296.72 from CNY 4,394,687.98 in the previous year[17]