长源电力(000966) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 reached CNY 4,984,846,636.66, an increase of 32.83% year-on-year[3] - Net profit attributable to shareholders for Q3 2024 was CNY 460,297,240.60, up 76.21% compared to the same period last year[3] - Net profit after deducting non-recurring gains and losses for Q3 2024 was CNY 457,422,225.56, reflecting a 77.91% increase year-on-year[3] - Operating profit for the first nine months of 2024 increased by 38.00% to CNY 1,205,475,200.57, driven by increased power generation and lower coal prices[9] - Net profit for the first nine months of 2024 was CNY 927,346,642.87, reflecting a 37.75% increase year-on-year[9] - Basic earnings per share for the first nine months of 2024 were CNY 0.3303, up 41.40% compared to the same period last year[9] - Total comprehensive income for the period was ¥927,346,642.87, up from ¥673,228,303.91 in the previous year, indicating a growth of 37.83%[25] Cash Flow - Cash flow from operating activities for the year-to-date period increased by 121.24% to CNY 3,426,503,387.32[3] - The net cash flow from operating activities for the period from January to September 2024 was CNY 3,426,503,387.32, an increase of 121.24% compared to the same period last year, primarily due to increased revenue and reduced coal prices[10] - The cash inflow from investment activities totaled CNY 104,043,635.33, representing a 392% increase year-on-year, driven by higher investment income and cash recovered from the disposal of fixed assets[10] - The cash flow from financing activities was negative CNY 53,272,629.75, a decrease of 101.79% year-on-year, mainly due to the repayment of bank loans[10] - The cash received from investment income was CNY 25,239,110.71, reflecting a 57.07% increase compared to the previous year, due to higher dividends from associated companies[10] - The total cash inflow from financing activities was CNY 14,506,711,527.80, slightly lower than CNY 14,801,461,842.47 in the previous year[27] - Cash outflow for debt repayment amounted to CNY 13,987,048,138.55, an increase from CNY 11,328,066,158.12 year-over-year[27] - The ending balance of cash and cash equivalents was CNY 450,264,963.94, compared to CNY 265,826,657.94 at the end of the same period last year[27] Assets and Liabilities - Total assets as of September 30, 2024, amounted to CNY 39,144,088,785.11, a 4.10% increase from the end of the previous year[3] - Shareholders' equity attributable to the parent company reached CNY 10,835,896,724.73, an increase of 8.85% from the previous year[3] - The company's current assets decreased to 4.24 billion yuan from 4.56 billion yuan, primarily due to a reduction in cash and inventory[20] - Short-term borrowings decreased to approximately 5.50 billion yuan from 6.23 billion yuan, indicating a reduction in short-term debt[21] - Total liabilities increased to approximately 27.95 billion yuan from 27.31 billion yuan, reflecting changes in both current and non-current liabilities[21] - The company reported a significant decrease in accounts receivable, rising to approximately 2.61 billion yuan from 2.01 billion yuan[19] - The company’s non-current assets increased to approximately 34.90 billion yuan from 33.04 billion yuan, indicating ongoing investments in long-term assets[20] Research and Development - Research and development expenses for the first nine months of 2024 were CNY 9,165,266.02, a decrease of 51.43% compared to the previous period[8] - Research and development expenses decreased to ¥9,165,266.02 from ¥18,871,454.47, a reduction of 51.49%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 102,241, with the largest shareholder, State Energy Investment Group, holding 67.50%[12] - The company did not engage in any external guarantees during the reporting period, with a total guarantee balance of CNY 19.7 million at the end of the report[14] Corporate Actions - The company received approval from the China Securities Regulatory Commission for a specific stock issuance, with the registration application approved on July 13, 2024[15] - The project for the desulfurization wastewater treatment modification by the subsidiary was awarded to a related party for a bid amount of 16.25 million yuan[16] - The company appointed Zheng Feng as the new general manager after the resignation of the previous general manager, effective from September 2024[17] - The company approved the purchase of assets from a related party for 90.42 million yuan to address coal transportation needs after the expansion of the subsidiary[18] Audit Information - The company did not undergo an audit for the third quarter report[28]