2024-10-30 09:15Financial Performance - Operating revenue for Q3 2024 was CNY 14,096,935,685.58, a decrease of 3.28% compared to the same period last year[2]. - Net profit attributable to shareholders was CNY 933,278,428.22, an increase of 2.6% year-on-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 834,545,141.09, a decrease of 4.07% compared to the same period last year[2]. - The net profit for the third quarter of 2024 was approximately CNY 2.77 billion, a decrease from CNY 3.04 billion in the same period last year, representing a decline of about 9%[17]. - The company reported a total comprehensive income of CNY 2.84 billion for the third quarter, slightly down from CNY 2.93 billion year-over-year[18]. - Basic earnings per share for the third quarter were CNY 0.84, compared to CNY 0.93 in the same quarter of the previous year, reflecting a decrease of about 9.7%[18]. - The total operating profit for Q3 2024 was approximately CNY 1.15 billion, a decrease from CNY 1.18 billion in Q3 2023, reflecting a decline of about 3.1%[26]. - The net profit for Q3 2024 was CNY 1.14 billion, compared to CNY 1.18 billion in the same period last year, indicating a decrease of approximately 3.7%[26]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1,978,748,185.58, with no applicable comparison[2]. - The cash flow from operating activities generated a net inflow of CNY 6.04 billion, a significant recovery compared to a net outflow of CNY 3.06 billion in the same period last year[20]. - The net cash flow from operating activities for Q3 2024 was negative at CNY -1.21 billion, an improvement from CNY -2.78 billion in Q3 2023[28]. - The company's cash and cash equivalents amounted to RMB 14.99 billion, a decrease from RMB 17.13 billion at the end of 2023[11]. - The company's cash and cash equivalents at the end of the third quarter were CNY 10.82 billion, down from CNY 14.35 billion at the end of 2023, indicating a decrease of about 24.5%[21]. - The company's cash and cash equivalents decreased to CNY 3.43 billion from CNY 3.21 billion, a decline of 6.8%[13]. - Cash inflows from operating activities totaled CNY 5.33 billion in the first nine months of 2024, up from CNY 4.93 billion in the same period of 2023, representing an increase of about 8.1%[28]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 138,723,736,913.90, an increase of 14.55% from the end of the previous year[3]. - Total assets amounted to CNY 138.72 billion, an increase of 14.5% from CNY 121.11 billion year-over-year[15]. - Total liabilities reached CNY 96.19 billion, up from CNY 79.89 billion, indicating a growth of 20.3%[14]. - The total liabilities of the company as of September 30, 2024, were CNY 17.19 billion, up from CNY 15.54 billion at the end of 2023, reflecting an increase of about 10.6%[23]. - The company's long-term equity investments rose to CNY 23.16 billion as of September 30, 2024, compared to CNY 23.00 billion at the end of 2023, reflecting a growth of about 0.7%[21]. - The total assets impairment loss was CNY 311.84 million, compared to CNY 274.79 million in the previous year, indicating an increase of about 13%[17]. Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached CNY 47.85 billion, an increase of 6.1% compared to CNY 44.77 billion in the same period of 2023[16]. - Operating costs for the same period were CNY 45.00 billion, up from CNY 41.39 billion, reflecting a growth of 8.0%[16]. - The company reported a net profit margin of approximately 5.8% for the first three quarters of 2024[16]. - Research and development expenses increased to CNY 1.99 billion, compared to CNY 1.71 billion in the previous year, marking a rise of 17.0%[16]. - Research and development expenses for the first three quarters of 2024 were CNY 131.04 million, compared to CNY 119.50 million in the same period of 2023, showing an increase of approximately 9.6%[25]. Shareholder Information - The largest shareholder, China Dongfang Electric Group Co., Ltd., holds 1,738,670,126 shares, representing 55.77% of the total shares[9]. - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 337,820,369 shares, representing 10.84% of the total shares[9]. - The company has not identified any related party relationships or concerted actions among the top ten shareholders[9]. - The company reported a total of 1.10 billion shares with unrestricted circulation held by the largest shareholder[9]. Orders and Production - The company produced a total of 40.44 million kilowatts of power generation equipment in the first three quarters of 2024, including 2.50 million kilowatts of hydropower units, 32.43 million kilowatts of steam turbines, and 5.52 million kilowatts of wind turbines[10]. - The company received new effective orders totaling RMB 81.25 billion in the first three quarters of 2024, with clean and efficient energy equipment accounting for 40.33%, renewable energy equipment for 27.05%, engineering and trade for 10.99%, modern manufacturing services for 8.54%, and emerging growth industries for 13.10%[10]. Investment Activities - The net cash flow from investment activities decreased by 257.29% due to increased outflows from financial company investments[7]. - The cash inflow from investment activities was CNY 15.86 billion, down from CNY 23.90 billion in the previous year, showing a decline of approximately 34%[20]. - The cash outflow for investment activities increased to CNY 25.39 billion from CNY 17.84 billion, representing a rise of about 42%[20]. - The cash outflow from investing activities was CNY 816.26 million in Q3 2024, compared to CNY 401.90 million in the same period last year, indicating an increase of approximately 103.5%[28]. - The company received CNY 1.48 billion in investment income during the first nine months of 2024, compared to CNY 1.01 billion in the same period of 2023, marking an increase of approximately 46.6%[28].