BJP(SH:600578)2016-10-30 16:00Financial Performance - Operating revenue decreased by 22.72% to CNY 6,190,347,115.69 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders decreased by 42.21% to CNY 1,114,166,173.50 for the first nine months compared to the same period last year[7] - Basic earnings per share decreased by 41.46% to CNY 0.24 compared to the same period last year[7] - The weighted average return on equity decreased by 5.89 percentage points to 6.77% compared to the same period last year[7] - Total operating revenue for Q3 2016 was CNY 2,399,204,696.92, a decrease of 15.5% compared to CNY 2,842,416,439.97 in Q3 2015[35] - Operating profit for Q3 2016 was CNY 595,586,493.36, a decline of 38.2% from CNY 964,954,157.74 in Q3 2015[36] - The company reported a net profit margin of approximately 24.8% for Q3 2016, down from 33.9% in Q3 2015[36] - Net profit for Q3 2016 reached 729,913,768.03 CNY, compared to 468,460,201.96 CNY in Q3 2015, marking an increase of about 55.7%[40] - The total profit for Q3 2016 was 719,566,169.58 CNY, an increase from 469,688,717.80 CNY in Q3 2015, representing a growth of about 53.2%[40] Cash Flow - Cash flow from operating activities decreased by 33.79% to CNY 2,255,138,383.11 for the first nine months compared to the same period last year[7] - Cash received from operating activities decreased by 49.74% to RMB 57,923,719.61, mainly due to a significant reduction in cash from the transfer of pollution rights[15] - Cash inflow from operating activities for the period (January to September) was CNY 6,673,718,004.41, a decrease of 24.9% compared to CNY 8,823,612,891.30 in the same period last year[42] - Net cash flow from operating activities was CNY 2,255,138,383.11, down 33.8% from CNY 3,405,988,085.74 year-on-year[42] - Cash inflow from operating activities for the third quarter was CNY 469,550,505.91, down 38.9% from CNY 768,818,491.65 in the previous year[45] - Net cash flow from operating activities for the third quarter was CNY -323,406.22, a decline from CNY 182,159,226.75 year-on-year[45] Assets and Liabilities - Total assets increased by 4.36% to CNY 40,466,871,208.86 compared to the end of the previous year[7] - The company's total liabilities reached CNY 20.40 billion, compared to CNY 18.87 billion at the beginning of the year, indicating an increase in leverage[28] - The company’s total liabilities decreased by 69.51% for liabilities due within one year, reflecting a reduction in external financing amounts[13] - Total liabilities for Q3 2016 were CNY 4,626,281,406.17, down from CNY 5,332,823,108.30 in the previous period[32] - Total equity increased to CNY 15,078,858,223.43 in Q3 2016, compared to CNY 14,747,882,324.29 in the previous period[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 88,639[10] - The largest shareholder, Beijing Jingneng International, holds 62.14% of the shares[10] - The company’s equity attributable to shareholders rose to CNY 16.18 billion from CNY 15.99 billion, indicating a slight increase in shareholder value[28] Government Support and Income - The company received government subsidies totaling CNY 37,268,880.96, primarily from VAT refunds[8] - Non-operating income for the period was CNY 8,470,344.33, mainly from deferred income amortization and penalty income[9] Investment and Construction - The company’s investment cash outflow decreased by 85.08% to RMB 101,870,000.00, reflecting a reduction in external investment amounts[15] - Construction in progress increased by 117.19% to RMB 2,716,517,455.65, driven by increased investment in infrastructure projects[13] Future Plans and Strategies - The company plans to focus on market expansion and new product development in the upcoming quarters[36] - The company aims to enhance its market expansion and product development strategies in the upcoming quarters[38] - The company committed to supporting Beijing Jingneng Power as its sole coal power investment platform, aiming to eliminate any competition between the two entities[19] - By the end of 2018, the company plans to inject all remaining coal power assets into Beijing Jingneng Power to resolve competition issues[19]