特变电工(600089) - 2016 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 3.94% to CNY 26,340,292,225.51 year-to-date[6] - Net profit attributable to shareholders increased by 9.41% to CNY 1,766,633,502.46 year-to-date[6] - Net profit excluding non-recurring gains and losses rose by 10.25% to CNY 1,551,159,112.33 year-to-date[6] - Basic and diluted earnings per share increased by 9.21% to CNY 0.5443[6] - The total operating revenue for the first nine months of 2016 was CNY 26,340,292,225.51, a decrease of 3.94% compared to CNY 27,420,172,467.19 in the same period last year[37] - The total profit for the first nine months of 2016 was CNY 2,369,746,449.17, an increase of 20.9% from CNY 1,959,196,013.21 in the same period last year[38] - The total profit for Q3 2016 was CNY 722,643,578.49, an increase of 18.9% compared to CNY 607,250,187.65 in Q3 2015[38] - The net profit for the first nine months of 2016 was CNY 2,046,544,410.35, compared to CNY 1,709,785,230.52 in the same period last year, marking a growth of 19.7%[38] - The net profit for the third quarter of 2016 was CNY 167,720,977.01, a decrease of 40.4% compared to CNY 282,027,191.45 in the same period last year[43] Assets and Liabilities - Total assets increased by 9.61% to CNY 77,010,615,135.68 compared to the end of the previous year[6] - The company's total liabilities reached CNY 50,128,970,331.21, up from CNY 45,590,433,532.32 at the start of the year, indicating an increase of about 11.3%[31] - The total equity attributable to shareholders of the parent company was CNY 22,663,665,341.16, compared to CNY 20,897,725,564.65 at the beginning of the year, reflecting a growth of approximately 8.5%[32] - The total current assets amounted to CNY 47,087,506,188.99, up from CNY 43,644,988,447.64, indicating an increase of approximately 10.5%[29] - The total non-current assets reached CNY 16,262,654,337.95, up from CNY 15,081,341,380.00, representing an increase of 7.86%[34] - Current liabilities totaled CNY 13,307,574,243.47, an increase from CNY 12,549,642,401.64, reflecting a growth of 6.03%[35] Cash Flow - The company reported a net cash flow from operating activities of CNY -790,009,474.19 year-to-date, an improvement from CNY -856,462,776.22 in the previous year[6] - Cash flow from financing activities showed a net increase of 99.96%, reaching CNY 2,251,334,188.44 compared to CNY 1,125,916,388.50 in the previous year, driven by increased loans for project financing[18] - The cash inflow from operating activities totaled CNY 25,454,497,672.43, compared to CNY 24,031,457,580.30 in the previous year, marking an increase of 5.93%[48] - The net cash flow from investing activities was -CNY 632,554,998.90, an improvement compared to -CNY 1,431,388,455.03 in the same period last year, showing a reduction in cash outflow by approximately 55.8%[52] - The total cash inflow from financing activities was CNY 4,091,323,224.93, down from CNY 5,561,476,935.71 in the previous year, indicating a decrease of about 26.5%[54] Investments and Expenditures - The company invested CNY 3,951,388,968.37 in fixed assets, intangible assets, and other long-term assets, significantly higher than CNY 2,078,438,176.79 in the previous year, marking an increase of approximately 90%[49] - Investment income for the first nine months was CNY 107,062,707.63, significantly higher than CNY 35,186,434.87 in the previous year[43] - Long-term borrowings grew by 42.61% to CNY 10.33 billion from CNY 7.25 billion, reflecting increased loans for power plant projects[14] - The company received CNY 246,940,985.60 from minority shareholders as part of investment, a notable increase from the previous year[49] Shareholder Information - The number of shareholders reached 271,569 by the end of the reporting period[9] - The largest shareholder, Xinjiang Tebian Electric Group Co., Ltd., holds 11.64% of shares[9] - The company reported a significant increase in dividends payable, rising by 9537.53% to CNY 84.28 million from CNY 874,500, reflecting unpaid dividends from its subsidiary[13] Operational Highlights - The company is actively involved in the construction of several power plants, including the Changji 2350MW and the Zhungdong 2660MW projects, contributing to its future growth outlook[18] - The company has ongoing investments in new technologies and market expansion strategies, although specific figures were not disclosed in the report[36] - The company is facing ongoing litigation related to commercial disputes, but no significant new developments have been reported[19][20][21]