粤电力A(000539) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 16.44 billion, a decrease of 2.35% year-on-year, while the net profit attributable to shareholders was CNY 564.14 million, down 35.18%[1] - The net profit attributable to shareholders for the first three quarters was CNY 1.47 billion, a decline of 15.04% year-on-year, with a basic earnings per share of CNY 0.2794[5] - The net profit for the third quarter of 2024 was CNY 2,074,185,618, a decrease of 14.9% compared to CNY 2,435,849,188 in the same period last year[13] - Operating profit for the quarter was CNY 2,831,190,102, down from CNY 3,343,225,899, reflecting a decline of 15.3% year-over-year[13] - The company reported a total comprehensive income of CNY 1,948,871,323, compared to CNY 2,240,920,728 in the previous year, reflecting a decrease of 13.0%[14] - Basic earnings per share for the quarter were CNY 0.2794, down from CNY 0.3289 in the same quarter last year[14] - The total investment income was CNY 791,972,468, a decrease of 12.4% from CNY 903,720,500 in the previous year[13] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period reached CNY 10.87 billion, reflecting a significant increase of 54.59% compared to the previous year[1] - The net cash flow from operating activities increased to CNY 10.87 billion, up from CNY 7.03 billion, representing a growth of approximately 54.4% year-over-year[16] - Total cash outflow from operating activities decreased to CNY 37.88 billion from CNY 43.85 billion, a reduction of about 13.5%[16] - Cash inflow from investment activities rose significantly to CNY 906.99 million, compared to CNY 311.86 million, marking an increase of approximately 190.5%[16] - The net cash flow from investment activities was negative at CNY -8.88 billion, an improvement from CNY -15.26 billion year-over-year[16] - Cash inflow from financing activities decreased to CNY 27.58 billion from CNY 44.53 billion, a decline of about 38.2%[16] - The net cash flow from financing activities turned negative at CNY -462.26 million, contrasting with a positive CNY 11.68 billion in the previous year[16] - The total cash and cash equivalents at the end of the period stood at CNY 13.48 billion, down from CNY 14.89 billion[16] - The company paid CNY 2.50 billion in dividends and interest, an increase from CNY 1.99 billion, reflecting a rise of approximately 25.7%[16] - The cash paid for the acquisition of fixed assets was CNY 9.48 billion, a decrease from CNY 14.94 billion, indicating a reduction of about 36.5%[16] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 169.07 billion, representing a growth of 4.88% from the end of the previous year[1] - Current assets increased to CNY 33.39 billion in Q3 2024 from CNY 31.93 billion in Q3 2023, representing a growth of 4.61%[11] - Non-current assets rose to CNY 135.67 billion in Q3 2024, compared to CNY 129.28 billion in Q3 2023, an increase of 4.66%[11] - Total assets reached CNY 169.07 billion in Q3 2024, up from CNY 161.21 billion in Q3 2023, marking a growth of 4.67%[12] - Total liabilities amounted to CNY 133.58 billion in Q3 2024, compared to CNY 127.30 billion in Q3 2023, reflecting an increase of 4.73%[12] - Short-term borrowings increased to CNY 16.90 billion in Q3 2024 from CNY 15.76 billion in Q3 2023, a rise of 7.19%[12] - The total equity attributable to shareholders at the end of the reporting period was CNY 23.49 billion, an increase of 6.09% from the previous year[1] - The company's equity attributable to shareholders reached CNY 23.49 billion in Q3 2024, up from CNY 22.14 billion in Q3 2023, an increase of 6.06%[12] Operational Highlights - The company achieved a total electricity generation of 89.04 billion kWh in the first three quarters, an increase of 2.99% year-on-year, with a notable rise in solar power generation by 912.53%[4] - The average on-grid electricity price was CNY 532.26 per MWh, a decrease of CNY 50.93 per MWh, or 8.73% year-on-year[4] - The company added 4.94 million kW of clean energy capacity in the first three quarters, increasing the proportion of clean energy installations to 46.34%, up 8.25% from the beginning of the year[5] - The company reported a decrease in gross profit from power generation by CNY 492 million, or 7.56%, due to a drop in on-grid electricity prices[5] - The company received government subsidies amounting to CNY 29.42 million during the reporting period, primarily related to electricity sales incentives[2] - The company is focusing on expanding its renewable energy projects, which aligns with national energy policies and market trends towards sustainability[9] Project Developments - The company has received approvals for three major wind power projects, including a 1 million kW wind power project in Turpan, which is expected to enhance its renewable energy capacity significantly[9] - The company has successfully put into commercial operation the second unit of the Dongguan Ningzhou site replacement power project after a 168-hour full-load trial run[9] - The board approved a capital increase of RMB 27,360.50 million to Guangdong Power Industrial Fuel Co., with the company's contribution not exceeding RMB 13,680.25 million, aimed at supporting the sustainable development of renewable energy projects[9] Shareholder Information - The top shareholder, Guangdong Energy Group Co., Ltd., holds 1,644,662,664 shares, representing a significant portion of the company's equity[8] - The company has a total of 5% shareholders and major shareholders participating in the margin trading business, with no significant changes reported in the borrowing and returning of shares[8]