BJP(SH:600578)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 8.36 billion, a 4.82% increase year-on-year[7] - Net profit attributable to shareholders decreased by 85.27% to CNY 223.79 million compared to the same period last year[7] - Basic and diluted earnings per share fell by 87.50% to CNY 0.03[8] - The company expects a cumulative net profit decline of over 50% compared to the same period last year due to a decrease in average electricity selling prices and a significant increase in fuel costs[17] - Total operating revenue for Q3 2017 reached ¥3,311,548,245.16, an increase of 7.8% compared to ¥3,070,591,763.82 in Q3 2016[28] - Net profit for Q3 2017 was ¥136,427,403.86, a decrease of 79.4% compared to ¥661,878,584.48 in Q3 2016[30] - Total operating revenue for Q3 2017 was CNY 18,922,876.32, a decrease of 39.2% compared to CNY 31,115,234.01 in Q3 2016[31] - Net profit for Q3 2017 reached CNY 134,488,566.34, down 81.3% from CNY 720,909,952.64 in the same period last year[32] Assets and Liabilities - Total assets increased by 10.51% to CNY 59.53 billion compared to the end of the previous year[7] - Current assets totaled CNY 7.89 billion, up from CNY 5.17 billion at the beginning of the year, with cash and cash equivalents increasing to CNY 4.39 billion[20] - The company's total equity as of September 30, 2017, was CNY 26.23 billion, compared to CNY 24.43 billion at the beginning of the year[22] - The total liabilities increased to CNY 33.30 billion from CNY 29.44 billion, reflecting a rise in both current and non-current liabilities[22] - The total liabilities as of the end of Q3 2017 amounted to ¥8,622,216,063.25, compared to ¥6,205,263,925.45 at the end of Q3 2016, indicating a 39% increase in liabilities[26] Cash Flow - Net cash flow from operating activities dropped by 49.02% to CNY 1.39 billion for the first nine months[7] - Cash received from financing activities increased to ¥18,991,824,584.49, a rise of 171.08% due to an increase in external financing[16] - Operating cash flow for the first nine months of 2017 was CNY 1,386,909,257.77, a decline of 48.9% from CNY 2,720,286,291.23 in the same period last year[36] - Cash inflow from financing activities reached CNY 13,824,093,196.61, significantly higher than CNY 1,005,316,762.02 in the previous year[39] - Net cash flow from financing activities was CNY 4,914,377,867.99, compared to a negative CNY 1,644,421,828.14 in the same period last year[39] Investments and Expenses - The company reported non-operating income of CNY 16.42 million from government subsidies related to VAT refunds and environmental improvements[9] - Operating costs amounted to ¥7,975,405,698.63, an increase of ¥1,917,966,311.16, representing a 31.66% rise primarily due to higher coal prices[15] - The total investment income decreased to ¥827,590,804.81, down by ¥366,006,495.65, reflecting a 30.66% decline due to reduced earnings from associated companies[15] - The company reported investment income of CNY 298,713,276.72 for Q3 2017, a decrease of 64.0% from CNY 830,145,473.57 in Q3 2016[31] Shareholder Information - The total number of shareholders reached 82,084 at the end of the reporting period[11] - The largest shareholder, Beijing Jingneng International Energy Co., Ltd., holds 42.53% of the shares[11] Market Strategy - The company is focusing on expanding its market presence and enhancing operational efficiency in response to the challenging market conditions[17]