GDG(SH:600098)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 16,026,581,469.55, a 19.07% increase year-on-year[8] - Net profit attributable to shareholders was CNY 989,774,779.46, a slight increase of 0.44% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY 0.3631, reflecting a 0.44% increase year-on-year[8] - The total profit for Q3 2016 was ¥860,456,727.15, up from ¥790,395,849.12 in Q3 2015, marking an increase of 8.8%[34] - Net profit for Q3 2016 was ¥675,026,189.84, representing a 7.4% increase from ¥628,594,437.40 in Q3 2015[34] - The total comprehensive income for the first nine months of 2016 was ¥1,408,543,252.51, slightly down from ¥1,436,463,726.00 in the same period last year[35] Assets and Liabilities - Total assets increased by 3.36% to CNY 36,031,451,150.95 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 3.55% to CNY 15,270,670,563.71 compared to the end of the previous year[7] - Current liabilities rose significantly to CNY 11.60 billion, compared to CNY 7.79 billion in the previous year, marking an increase of about 48.00%[26] - Non-current liabilities decreased to CNY 5.54 billion from CNY 8.68 billion, a reduction of approximately 36.00%[26] - Total liabilities increased to CNY 17.14 billion from CNY 16.48 billion, representing a growth of approximately 4.00%[26] Cash Flow - Net cash flow from operating activities decreased by 44.59% to CNY 1,447,881,545.21 compared to the same period last year[7] - Cash flow from operating activities decreased by 44.59% to ¥1.45 billion, influenced by changes in coal market conditions and reduced electricity sales[16] - The company reported cash inflows from financing activities of CNY 8.09 billion, compared to CNY 970.90 million in the same period last year[41] - Cash outflows from investing activities amounted to CNY 2.69 billion, an increase from CNY 1.41 billion in the previous year[41] - Cash inflow from financing activities totaled CNY 4,234,746,090.08, compared to CNY 163,741,429.01 in the same period last year[43] Investments and Acquisitions - The company invested ¥2.16 billion in acquiring shares in China Yangtze Power Co., Ltd. and a 10% stake in Guangdong Yuedian Jinghai Power, reflecting a 233.26% increase in investment cash outflows[16] - The company reported a 629.69% increase in available-for-sale financial assets, totaling ¥2.70 billion, due to the public issuance of shares and acquisition of a 10% stake in Guangdong Yuedian Jinghai Power[15] - Goodwill surged by 1248.07% to ¥67.63 million, resulting from the acquisition of a 22% stake in Nansha Power Company[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 66,935[10] - The largest shareholder, Guangzhou State-owned Assets Development Holdings Co., Ltd., held 62.69% of the shares[10] - The company has committed to avoid potential competition with its major shareholder, ensuring strategic alignment in business operations[21] - The company reported that its major shareholder, Guozi Development, has made commitments to not reduce their holdings in the company from July 9, 2015, to July 8, 2016[21] Government and Regulatory Matters - The company received government subsidies amounting to CNY 28,292,110.95 during the reporting period[11] - The company’s subsidiary has been included in the list of coal power projects canceled by the National Energy Administration due to lack of approval conditions[19] Future Plans and Strategies - The company plans to issue super short-term financing bonds totaling up to RMB 3 billion[17] - The company plans to issue corporate bonds (green bonds) totaling up to RMB 4.8 billion[17] - The company plans to enhance its market position through strategic acquisitions and partnerships, as indicated in previous announcements[21] - The company is focused on developing new technologies and products to drive future growth and market expansion[21] Financial Health and Risk Management - The company is actively monitoring its financial health and has outlined plans to address any potential risks associated with its operations[21] - The company maintains a AAA credit rating with a stable outlook from China Chengxin Securities Rating Co., Ltd.[18]