XCEP(SH:600505)2015-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 603,673,073.63, a growth of 12.12% year-on-year[7] - Net profit attributable to shareholders decreased by 8.73% to CNY 45,529,939.01 compared to the same period last year[8] - Basic earnings per share decreased by 3.42% to CNY 0.1326[8] - Total operating revenue for Q3 2015 was CNY 238,798,392.70, an increase of 8.8% compared to CNY 219,732,866.00 in Q3 2014[31] - Year-to-date revenue reached CNY 603,673,073.63, up from CNY 538,404,296.78 in the same period last year, reflecting a growth of 12.1%[31] - Net profit for Q3 2015 was CNY 52,155,870.24, a decrease from CNY 61,559,100.83 in the same period last year, representing a decline of approximately 15.1%[36] - Operating revenue for the first nine months of 2015 reached ¥587,182,052.88, an increase from ¥541,760,346.92 in the same period of 2014[35] Assets and Liabilities - Total assets increased by 6.92% to CNY 1,944,580,123.47 compared to the end of the previous year[7] - The company’s total liabilities increased significantly, with accounts payable rising by 114.65% to ¥128,188,143.04, reflecting new payables for electricity and project materials[17] - Total liabilities increased to CNY 835,974,277.45 from CNY 800,459,721.78, marking a rise of 4.7%[25] - Current liabilities totaled CNY 499,333,661.81, up from CNY 434,901,270.10, indicating a growth of 14.8%[25] - Non-current liabilities decreased to CNY 336,640,615.64 from CNY 365,558,451.68, a decline of 7.9%[25] - The company's total equity increased to CNY 1,108,605,846.02 from CNY 1,018,216,584.32, reflecting a growth of 8.8%[25] Cash Flow - Net cash flow from operating activities increased by 20.21% to CNY 134,916,524.45 compared to the same period last year[7] - Operating cash flow increased by 20.21% to ¥134,916,524.45 compared to the same period last year, attributed to higher cash receipts from operating activities[19] - Cash outflow from investment activities for the first nine months was CNY 147,424,211.71, compared to CNY 140,196,614.60 in the previous year, showing an increase of approximately 5.3%[40] - Cash and cash equivalents at the end of the period were CNY 112,870,757.79, down from CNY 145,384,576.41, reflecting a decrease of about 22.3%[40] - The net cash flow from financing activities was CNY 2,006,686.98, a recovery from a negative cash flow of CNY 103,024,343.65 in the same period last year[40] - The net increase in cash and cash equivalents was -CNY 33,624,255.07, compared to -CNY 43,738,987.87 in the previous year[42] Shareholder Information - The number of shareholders at the end of the reporting period was 24,375[13] - The largest shareholder, State Grid Sichuan Electric Power Company, holds 20.15% of the shares[14] - The company's major shareholders committed not to reduce their holdings for six months starting July 10, 2015, reflecting confidence in the company's future development[21] Operational Metrics - Accounts receivable increased by 88.89% to ¥58,280,247.77 compared to the beginning of the period, primarily due to delayed collection of electricity fees[16] - Inventory rose by 361.17% to ¥26,394,065.95, mainly due to the increase in unsettled projects from a newly established subsidiary[17] - Construction in progress increased by 95.17% to ¥275,810,468.53, driven by new investments in power grid and power point projects[17] - Financial expenses decreased by 32.83% to ¥9,970,083.01, mainly due to reduced interest expenses from lower long-term borrowings[18] - Deferred income increased by 503.48% to ¥41,056,794.27, primarily from government subsidies related to certain projects[17] - The company’s minority shareholders' equity increased by 60.65% to ¥140,327,729.04, mainly due to the establishment of a new subsidiary[17] Tax and Expenses - The company incurred a tax expense of ¥6,470,502.36 in Q3 2015, down from ¥8,636,245.20 in Q3 2014[33] - The company reported a decrease in income tax expenses to CNY 6,654,482.08 from CNY 10,424,452.76, a reduction of approximately 36.5%[36]