GDG(SH:600098)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 40.11% to CNY 592.78 million year-on-year[7] - Operating revenue for the first nine months rose by 8.96% to CNY 17.46 billion compared to the same period last year[7] - The net cash flow from operating activities decreased by 13.13% to CNY 1.26 billion year-to-date[7] - The weighted average return on equity decreased by 2.73 percentage points to 3.83%[7] - Net profit for the first nine months of 2017 was ¥722,818,252.08, reflecting a decrease of 47.13% year-on-year due to rising coal prices and declining average electricity prices[13] - The total profit for the first nine months of 2017 was ¥1,005,167,156.11, down 43.52% from the previous year, primarily due to increased coal prices and decreased investment income from affiliated power plants[13] - The company’s operating profit decreased by 46.13% to ¥945,910,700.25, impacted by rising coal prices and declining average electricity prices[13] - Net profit attributable to the parent company was ¥235,231,307.16, down 52% from ¥492,976,523.91 in Q3 2016[27] - The net profit for the first nine months of 2017 was CNY 430,077,914.54, compared to CNY 1,249,366,448.00 in the previous year, indicating a decrease of about 65.6%[32] - The total comprehensive income for Q3 2017 was CNY -184,890,652.91, compared to CNY -3,547,525.46 in the same period last year[33] Assets and Liabilities - Total assets increased by 10.83% to CNY 39.14 billion compared to the end of the previous year[7] - The company's current assets totaled CNY 11.40 billion, up from CNY 8.00 billion at the beginning of the year, indicating a growth of about 42.5%[20] - The total liabilities amounted to CNY 20.08 billion, compared to CNY 16.86 billion at the start of the year, reflecting an increase of approximately 19.5%[21] - The non-current liabilities totaled CNY 10.84 billion, significantly higher than CNY 5.07 billion at the beginning of the year, reflecting an increase of about 113.5%[21] - Total assets increased to ¥19,481,188,835.44, compared to ¥17,695,944,135.40 at the end of the previous year, reflecting an increase of approximately 10%[25] - Total liabilities amounted to ¥7,097,080,464.71, up from ¥6,039,825,042.41, indicating a growth of about 17.5%[25] Cash Flow and Investments - Cash and cash equivalents increased by 67.24% to CNY 3.40 billion due to the issuance of green corporate bonds[11] - The company’s cash and cash equivalents increased by 825.98% to ¥2,351,223,610.46, attributed to net inflows from borrowings and bond issuances[15] - The company reported a significant increase in cash flow from operating activities, totaling CNY 19,996,479,002.67 for the first nine months, up from CNY 17,216,784,444.37 in the same period last year, reflecting a growth of approximately 10.3%[34] - Total cash inflow from operating activities was ¥20.43 billion, up from ¥17.36 billion, reflecting a growth of 11.67%[35] - Cash outflow from operating activities totaled ¥19.17 billion, compared to ¥15.91 billion, indicating an increase of 20.67%[35] - The net cash flow from investing activities was -¥574.69 million, an improvement from -¥2.10 billion year-over-year[35] - The company reported a total cash outflow from investment activities of ¥973.97 million, a decrease from ¥2.69 billion, indicating a reduction of 63.73%[35] Shareholder Information - The number of shareholders reached 90,780 by the end of the reporting period[9] - The largest shareholder, Guangzhou State-owned Assets Development Holdings Co., Ltd., holds 62.69% of the shares[9] - A cash dividend of RMB 0.10 per share was distributed, totaling RMB 272,619,655.80 based on a total share capital of 2,726,196,558[17] Corporate Actions and Future Plans - The company plans to acquire a 50% stake in Guangzhou Zhujiang Electric Power Co., Ltd. for ¥175,577,089.81, indicating ongoing market expansion strategies[15] - The company acquired 100% equity of Nanya New Energy Technology Development Co., Ltd. in Nanao County, authorized management to handle the acquisition details[16] - The company is in discussions to establish a joint venture for the Guangzhou LNG emergency peak-shaving gas source station project[16] - The company plans to invest a total of RMB 696,689.7 million in the construction of the fourth phase of the natural gas utilization project in Guangzhou[17] - The company is investing RMB 69,281 million in the construction of the Taiping distributed energy station project[17] - Future outlook includes potential market expansion and new product development, although specific figures were not provided in the report[26] Other Financial Metrics - Total interest income for the first nine months of 2017 reached ¥88,009,449.72, a significant increase of 847.03% compared to the same period last year, driven by increased interbank placements[13] - The company reported a financial expense of ¥144,798,595.48, slightly up from ¥141,287,309.98 in the previous year[27] - The company’s investment income showed a loss of ¥12,302,137.10, compared to a gain of ¥144,951,210.67 in the same quarter last year[27] - The other comprehensive income after tax for Q3 2017 was CNY -110,305,500.00, compared to CNY 60,750,000.00 in the same period last year[32]