TGWC(SH:600116)2014-10-29 16:00Financial Performance - Operating revenue decreased by 14.84% to CNY 742,737,839.48 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders increased by 27.48% to CNY 116,536,130.50 for the first nine months compared to the same period last year[7] - Basic earnings per share rose by 29.41% to CNY 0.44 compared to the same period last year[8] - Total operating revenue for Q3 2023 was CNY 259,920,615.45, a decrease of 38.3% compared to CNY 421,382,498.81 in Q3 2022[51] - Net profit for Q3 2023 was CNY 46,498,061.40, a decline of 12.9% compared to CNY 53,328,452.29 in Q3 2022[53] - The company reported a total profit of CNY 55,737,853.25 for Q3 2023, down 6.9% from CNY 59,480,339.85 in Q3 2022[53] - Basic earnings per share for Q3 2023 were CNY 0.18, compared to CNY 0.21 in Q3 2022, representing a decrease of 14.3%[53] Cash Flow - Cash flow from operating activities decreased by 10.74% to CNY 258,841,653.22 for the first nine months compared to the same period last year[7] - Cash received from investment recoveries dropped by 71.73% to approximately 20.82 million due to reduced recovery of financial product investments[14] - Cash received from investment income increased by 320% to approximately 14.28 million, attributed to higher dividends from associated companies[14] - Cash flow from operating activities for the first nine months of 2023 was CNY 1,043,442,989.33, an increase from CNY 1,025,634,979.61 in the same period last year[61] Assets and Liabilities - Total assets increased by 8.41% to CNY 3,819,679,112.43 compared to the end of the previous year[7] - Total current assets increased to ¥1,003,540,729.45 from ¥814,996,324.98, representing a growth of approximately 23.1%[45] - Non-current assets totaled ¥2,816,138,382.98, up from ¥2,708,468,585.39, reflecting a growth of approximately 4.0%[46] - Current liabilities decreased to ¥1,309,626,028.80 from ¥1,262,628,077.60, a reduction of about 3.7%[47] - Total liabilities rose to ¥2,560,550,418.59 from ¥2,343,586,087.64, an increase of about 9.3%[47] - Shareholders' equity increased to ¥1,259,128,693.84 from ¥1,179,878,822.73, reflecting a growth of approximately 6.7%[47] Investments and Expenses - Investment income grew by 80.38% to approximately 17.43 million, driven by higher net profits from an associated company[14] - Management expenses for Q3 2023 were CNY 36,188,515.86, up 52.4% from CNY 23,767,211.56 in Q3 2022[53] - Financial expenses for Q3 2023 were CNY 16,945,732.14, a decrease of 11.5% compared to CNY 19,172,922.96 in Q3 2022[53] - Investment income for Q3 2023 was CNY 8,804,540.76, an increase of 92.5% from CNY 4,580,453.00 in Q3 2022[53] Shareholder Information - The total number of shareholders reached 39,405 at the end of the reporting period[11] - The top three shareholders hold a combined 33.54% of the shares, with Chongqing Zhongjieneng Industrial Co., Ltd. holding 13.82%[11] Commitments and Compliance - The company has committed to avoiding any substantial competition with its main business, including power generation and supply, as per the irrevocable commitment letter issued in July 2009[27] - The company has established a special account for the funds raised from the non-public offering in 2014, which will be used entirely for hydropower station construction and working capital, with no allocation to real estate development[31] - The company has committed to ensuring its independence in business, assets, personnel, and finance, as well as minimizing related party transactions[30] - The company has maintained strict compliance with all commitments made to avoid conflicts of interest and ensure operational independence[30] Inventory and Construction - Inventory increased by 84.67% to approximately 319.01 million compared to the previous year[14] - Construction in progress rose by 39.14% to approximately 665.24 million due to increased investments in multiple hydropower stations[14]