TGWC(SH:600116)2016-10-21 16:00Financial Performance - Net profit attributable to shareholders of the listed company rose by 3.49% to CNY 197,280,378.81 for the first nine months of the year[7]. - Operating income decreased by 4.23% to CNY 768,660,280.52 for the first nine months compared to the same period last year[7]. - Net profit increased by 32.95% to ¥595,653,140.69 from ¥448,023,036.98 year-over-year[14]. - Investment income rose by 183.28% to ¥30,906,718.33 from ¥10,910,422.77 in the previous year[14]. - The company reported a total profit of CNY 89,860,480.43 for Q3 2016, compared to CNY 86,014,955.89 in Q3 2015, reflecting a growth of 3.3%[54]. - The total profit for the first nine months of 2016 was CNY 232,063,862.52, compared to CNY 131,807,840.13 in the same period last year, reflecting a growth of 76%[58]. - Net profit for Q3 2016 reached CNY 114,051,988.56, up 187.5% from CNY 39,748,416.60 in Q3 2015[58]. Assets and Liabilities - Total assets increased by 7.91% to CNY 4,680,093,547.51 compared to the end of the previous year[7]. - Total current assets increased to ¥1,278,761,182.78 from ¥1,224,632,987.00, representing a growth of approximately 4.4%[46]. - Non-current assets totaled ¥3,401,332,364.73, up from ¥3,112,310,044.51, reflecting an increase of approximately 9.3%[47]. - Total liabilities rose to ¥2,243,238,719.62 from ¥2,062,323,129.64, reflecting an increase of about 8.8%[48]. - Current liabilities increased to ¥1,159,389,219.81 from ¥1,055,273,298.25, which is an increase of approximately 9.9%[47]. - The total liabilities increased to CNY 1,143,982,136.91 in Q3 2016, compared to CNY 1,010,248,483.94 in Q3 2015, reflecting a growth of 13.2%[51]. Cash Flow - Net cash flow from operating activities increased by 75.49% to CNY 363,942,608.47 for the first nine months[7]. - Cash flow from operating activities for the first nine months of 2016 was CNY 363,942,608.47, an increase from CNY 207,390,431.14 in the same period last year[60]. - Cash inflow from operating activities totaled CNY 1,230,286,691.75 for the first nine months of 2016, down from CNY 1,330,380,054.71 in the same period last year[60]. - Total cash outflow from investment activities reached CNY 938,848,414.28, compared to CNY 474,404,167.04 in the previous year, indicating a 97.7% increase[64]. - Cash received from sales of goods and services was CNY 729,610,579.97, reflecting a growth of 3.1% from CNY 702,987,841.51 in the same period last year[63]. Shareholder Information - The total number of shareholders reached 109,034 at the end of the reporting period[9]. - The largest shareholder, Xinhua Water Conservancy Holdings, holds 11.18% of the shares, totaling 111,000,453 shares[9]. - Shareholder Sanxia Capital increased its stake by acquiring 49,659,977 shares, representing 5.00% of the total share capital[36]. Investments and Projects - The first unit of the Zhenquan Water Diversion Hydropower Station has been put into operation recently[23]. - An investment of RMB 51.25 million was approved for the construction of the 110 kV Xintian Substation to enhance power supply reliability[29]. - The company received RMB 21 million in central budget investment for rural power grid renovation projects[30][31]. - The company acquired transmission line assets valued at RMB 30.2 million for RMB 30.1 million[27]. Commitments and Policies - The company reported a commitment to avoid competition with the main business of the Three Gorges Water Conservancy, ensuring no substantial competitive activities will occur in China or abroad[39]. - The company has committed to prioritize any commercial opportunities that may compete with its main business, ensuring these opportunities are offered to the Three Gorges Water Conservancy first[40]. - The company has committed to not engaging in related party transactions unless unavoidable, and such transactions will be conducted under fair and reasonable conditions[40]. - The company has pledged to compensate for any losses incurred by the Three Gorges Water Conservancy due to non-fulfillment of commitments made in the competition avoidance letter[39].