BJP(SH:600578)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 7.74 billion, a slight increase of 0.72% from the same period last year[8] - Net profit attributable to shareholders was CNY 2.11 billion, reflecting a growth of 21.18% compared to the previous year[9] - Basic earnings per share increased by 15% to CNY 0.46[9] - Total operating revenue for Q3 2014 was CNY 2,707,809,780.97, an increase of 6.05% compared to CNY 2,553,109,554.63 in Q3 2013[40] - Net profit attributable to shareholders for the first nine months of 2014 reached CNY 1,221,198,621.83, compared to CNY 912,811,442.18 for the same period in 2013, marking a growth of 33.9%[40] - Net profit for Q3 2014 reached CNY 926,952,337.19, up 17.2% from CNY 791,151,955.82 in the same period last year[41] - Total profit for the first nine months of 2014 was CNY 3,012,341,262.92, an increase of 16.2% from CNY 2,594,292,447.80 in the same period last year[41] Assets and Liabilities - Total assets increased by 6.35% to CNY 32.85 billion compared to the end of the previous year[8] - Net assets attributable to shareholders rose by 9.31% to CNY 14.34 billion year-over-year[8] - The company's total liabilities decreased by RMB 930,000,000.00 in short-term loans, a reduction of 65.96% due to repayment of maturing loans[17] - The total liabilities of the company were CNY 6,013,946,855.95 as of September 30, 2014, compared to CNY 4,734,221,696.30 at the beginning of the year, indicating a rise of 27.0%[36] - The company's equity attributable to shareholders rose to CNY 13,226,240,475.13 from CNY 12,138,993,497.98, reflecting an increase of 8.97%[36] Cash Flow - Cash flow from operating activities decreased by 1.36% to CNY 3.34 billion year-to-date[8] - Cash flow from operating activities for the first nine months of 2014 was CNY 3,343,646,790.05, slightly down from CNY 3,389,691,530.97 in the same period last year[47] - The net cash flow from operating activities for the first nine months of 2014 was ¥359,485,623.98, a decrease of 31.1% compared to ¥522,853,397.52 in the same period last year[49] - Total cash inflow from investment activities reached ¥3,774,681,279.03, significantly up from ¥1,402,387,704.99 year-on-year[49] - Cash inflow from financing activities totaled ¥2,995,761,758.47, an increase from ¥2,607,999,997.95 in the same period last year[50] Investments and Income - Investment income increased by RMB 308,387,179.65, a growth of 33.78%, attributed to significant profit growth from joint ventures[19] - Investment income for the first nine months of 2014 was CNY 2,040,493,630.99, up 32.1% from CNY 1,544,901,907.58 in the previous year[45] Shareholder Information - The total number of shareholders reached 61,028 by the end of the reporting period[15] - The company distributed cash dividends of RMB 923,464,190.80 to shareholders, amounting to RMB 2.00 per 10 shares[20] Operational Changes - The company has not conducted an audit for this quarterly report[8] - The company reported a government subsidy of CNY 20.50 million related to VAT refunds[12] - The company reported a significant increase in other operating income, which rose by RMB 41,943,602.13, a growth of 211.81% from government subsidies[19] - The company is in the process of selling shares of Inner Mongolia Jinglong Power Co., Ltd. to Jingneng Power by December 31, 2014, to address industry competition[22] - The company plans to inject retained coal power assets into Jingneng Power by the end of 2016, resolving industry competition issues[21] Accounting and Standards - The new accounting standards for long-term equity investments will be implemented starting July 1, 2014, affecting the financial reporting of the company[23] - The company reported a net profit increase of 157,212.22 RMB due to changes in employee compensation accounting standards, with an increase in retained earnings of 1,987,886.96 RMB[28]