TEC(SH:600780)2014-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 38.60% to CNY 424,323,613.91 for the year-to-date period[11] - Operating revenue for the year-to-date period rose by 3.22% to CNY 4,773,145,267.53 compared to the same period last year[11] - Basic earnings per share increased by 38.62% to CNY 0.3701[11] - The weighted average return on equity increased by 2.16 percentage points to 10.54%[11] - Total operating revenue for Q3 2023 was approximately ¥1.57 billion, an increase of 4.1% compared to ¥1.50 billion in Q3 2022[36] - Net profit attributable to the parent company for Q3 2023 was approximately ¥126.49 million, up 35.8% from ¥93.09 million in Q3 2022[37] - Total profit for Q3 2023 was approximately ¥172.03 million, compared to ¥112.97 million in Q3 2022, marking a growth of 52.3%[36] - Comprehensive income for Q3 2023 totaled approximately ¥126.70 million, compared to ¥93.28 million in Q3 2022, reflecting a growth of 35.8%[37] Assets and Liabilities - Total assets increased by 3.59% to CNY 8,384,505,529.57 compared to the end of the previous year[11] - Current liabilities decreased to ¥2,566,101,241.70 from ¥2,845,517,151.37, a reduction of about 9.8%[29] - Non-current liabilities rose to ¥1,552,939,770.50 from ¥1,344,842,546.58, indicating an increase of approximately 15.5%[29] - Total liabilities decreased slightly to ¥4,119,041,012.20 from ¥4,190,359,697.95, a decline of about 1.7%[29] - Shareholders' equity increased to ¥4,265,464,517.37 from ¥3,903,597,472.00, reflecting a growth of approximately 9.3%[29] - The total liabilities and shareholders' equity amounted to ¥8,384,505,529.57, consistent with total assets, indicating balanced financials[29] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 1,131,633,786.57, an increase of 8.38% year-on-year[11] - The company’s cash and cash equivalents increased to approximately 1.04 billion yuan from 837.87 million yuan at the beginning of the year[28] - Cash outflow from investing activities totaled CNY 792,092,545.15, compared to CNY 726,551,713.59 in the previous year, resulting in a net cash outflow of CNY 761,201,655.92[43] - Cash inflow from financing activities was CNY 1,338,790,000.00, down 11.3% from CNY 1,508,030,000.00 in the same period last year[43] - The ending cash and cash equivalents balance was CNY 1,044,031,408.40, down from CNY 1,087,871,497.99 year-on-year[43] Shareholder Information - The number of shareholders reached 68,658 at the end of the reporting period[12] - The largest shareholder, Shanxi International Power Group Co., Ltd., holds 60.46% of the shares[12] Operational Changes - The company initiated a major asset restructuring plan to acquire 100% equity of 12 wholly-owned subsidiaries and 45% equity of another company, with a total fundraising amount not exceeding 30 billion yuan[18] - The company decided to terminate the major asset restructuring due to unfavorable market conditions and potential impacts on shareholder rights[20] - The company reported a net profit warning, indicating potential losses or significant changes compared to the previous year[22] Other Financial Metrics - Cash received from sales of goods and services was CNY 5,391,978,220.49, a decrease from CNY 5,531,984,336.85 year-on-year[42] - Cash paid to employees increased to CNY 390,992,695.82 from CNY 339,223,618.79, reflecting a rise of 15.3%[42] - The company reported a total non-operating income and expenses of CNY -6,197,787.89 for the current period[11] - Trading financial assets decreased compared to the beginning of the period due to the disposal of such assets by the controlling subsidiary Guoxing Company[16] - Accounts receivable increased compared to the beginning of the period primarily due to an increase in bank acceptance bills received by wholly-owned subsidiaries[16] - Prepayments increased compared to the beginning of the period mainly due to increased advance payments for engineering and materials by the wholly-owned subsidiary[16] - Inventory decreased compared to the beginning of the period due to changes in coal management methods by the wholly-owned subsidiary, settling coal based on actual consumption[16] - Long-term borrowings increased compared to the beginning of the period due to new long-term borrowings by the wholly-owned subsidiary[16] - Operating income decreased compared to the same period last year mainly due to fewer insurance claims received by the wholly-owned subsidiary[16] - Investment losses for Q3 2023 were approximately ¥3.33 million, compared to losses of ¥2.91 million in Q3 2022, indicating a worsening in investment performance[36] - Income tax expenses for Q3 2023 were approximately ¥45.54 million, significantly higher than ¥19.88 million in Q3 2022[36] - The company reported a decrease in management expenses to approximately ¥111.13 million in Q3 2023 from ¥106.69 million in Q3 2022[36]