SMHC(SH:600131)2014-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 21.19% year-on-year, reaching CNY 787,040,776.65[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 130.15% to CNY 109,609,840.68[7] - The net profit attributable to the listed company for the first three quarters reached CNY 137.6 million, a significant increase compared to the previous year's net loss of CNY 162.08 million[38] - Net profit for Q3 2014 reached CNY 64,554,076.08, a significant recovery from a net loss of CNY 62,302,670.37 in Q3 2013[51] - Total profit for Q3 2023 was CNY 68.36 million, compared to a loss of CNY 36.51 million in Q3 2022[54] - Net profit for the first nine months of 2023 reached CNY 149.22 million, a significant turnaround from a net loss of CNY 90.72 million in the same period last year[54] Revenue and Income - Revenue for the first nine months decreased by 1.55% year-on-year to CNY 588,449,697.37[7] - Investment income increased by 221.59% year-on-year, reaching RMB 7,409.29 million, primarily due to higher profits from the invested unit Sichuan Futang Hydropower Co., Ltd.[25] - Operating income from non-operating activities rose by 919.53% year-on-year to RMB 3,675.83 million, mainly due to compensation received from the "7.9" flood insurance claim.[26] - Investment income for the first nine months increased to CNY 74.09 million, compared to CNY 23.04 million in the same period last year[54] - The company received CNY 34 million in insurance compensation related to the "7.09" mudslide disaster, aiding in the recovery of financial performance[38] Cash Flow - Operating cash flow for the first nine months of the year was CNY 133,734,691.77, up 23.34% from the same period last year[7] - Net cash flow from operating activities increased by 23.34% year-on-year, amounting to RMB 13,373.47 million, attributed to increased self-generated electricity and reduced external electricity purchase costs.[30] - The company reported a net cash flow from operating activities of CNY 133.73 million for the first nine months, up from CNY 108.43 million in the previous year[56] - The net cash flow from investment activities improved significantly, with a net inflow of RMB 9,502.98 million, compared to a net outflow of RMB 5,323.53 million in the previous year.[30] - The net cash flow from investment activities was ¥99,285,365.68, a significant improvement from a negative cash flow of ¥42,090,667.78 in the same period last year[60] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,326,631,030.53, a slight increase of 0.01% compared to the end of the previous year[7] - Total liabilities decreased to CNY 1.54 billion from CNY 1.68 billion, indicating improved financial health[46] - The company's total equity rose to CNY 821,700,895.22, up from CNY 672,481,759.10 at the beginning of the year, marking a 22.1% increase[48] - Long-term borrowings increased by 36.72% to CNY 85,450,000.00 compared to the previous year[12] - The company’s tax payable decreased compared to the beginning of the year, mainly due to a year-on-year reduction in value-added tax.[18] Shareholder Information - The total number of shareholders reached 50,685 at the end of the reporting period[9] - The largest shareholder, State Grid Sichuan Electric Power Company, holds 23.92% of the shares[9] Other Financial Metrics - The weighted average return on equity increased by 33.39 percentage points to 19.16%[7] - Significant increase in prepayments by 27.31% compared to the beginning of the year, amounting to CNY 996.99[12] - The company incurred financial expenses of CNY 53.77 million in the first nine months, slightly up from CNY 51.40 million in the previous year[54] - The adjustment of accounting standards did not significantly impact the company's current financial status or operating results[41] - The company plans to disclose the specific impacts of accounting policy changes in the 2014 annual report[41]