2014-10-30 16:00Financial Performance - Revenue decreased by 6.30% to CNY 28.47 billion compared to the same period last year[10] - Net profit attributable to shareholders dropped by 42.32% to CNY 1.09 billion year-on-year[10] - Basic earnings per share fell by 42.32% to CNY 0.54[10] - Weighted average return on equity decreased by 5.38 percentage points to 6.03%[10] - Total operating revenue for Q3 2014 was CNY 9,489,374,385.14, a decrease of 4.4% compared to CNY 9,921,176,194.68 in Q3 2013[43] - Net profit for Q3 2014 was CNY 259,791,566.53, down 63.7% from CNY 717,796,461.64 in Q3 2013[44] - Earnings per share for Q3 2014 were CNY 0.12, compared to CNY 0.35 in Q3 2013[44] - The total profit for the first nine months of 2014 was CNY 1.03 billion, down from CNY 1.24 billion year-on-year, reflecting a decrease of approximately 16.9%[52] Assets and Liabilities - Total assets increased by 9.39% to CNY 85.15 billion compared to the end of the previous year[10] - The company's total assets increased by 30.05% due to the issuance of RMB 4 billion in convertible bonds[16] - The company's total liabilities reached CNY 64.89 billion, up from CNY 59.24 billion at the start of the year, indicating an increase of about 9.0%[35] - The cash and cash equivalents increased to CNY 15.78 billion from CNY 12.13 billion, reflecting a growth of approximately 30.0%[33] - Inventory levels rose to CNY 30.93 billion, compared to CNY 27.30 billion at the beginning of the year, marking an increase of around 13.0%[33] - The company's accounts receivable stood at CNY 17.52 billion, slightly up from CNY 17.03 billion, showing a growth of about 2.9%[33] - The non-current assets totaled CNY 13.06 billion, down from CNY 13.39 billion, indicating a decrease of approximately 2.5%[34] Cash Flow - Net cash flow from operating activities increased by 50.35% to CNY 940.95 million for the year-to-date[10] - The company's cash flow from operating activities increased by 50.35% year-on-year, primarily due to a rise in receivables by RMB 2.258 billion[24] - The cash flow from financing activities surged by 214.86% year-on-year, largely due to the issuance of convertible bonds[24] - The cash and cash equivalents at the end of the reporting period totaled CNY 15.76 billion, up from CNY 9.90 billion at the end of the previous year, marking an increase of about 59.5%[53] - The investment activities generated a net cash flow of -CNY 409.72 million, an improvement from -CNY 592.46 million in the same period last year[53] - The financing activities produced a net cash flow of CNY 3.13 billion, compared to CNY 994.82 million in the same period last year, indicating a substantial increase[53] Shareholder Information - The total number of shareholders reached 124,889 by the end of the reporting period[12] - The largest shareholder, China Dongfang Electric Group Co., Ltd., holds 50.03% of the shares[12] - The total equity attributable to shareholders increased to CNY 19.34 billion from CNY 17.69 billion, representing a growth of approximately 9.3%[35] Government Support and Orders - The company received government subsidies amounting to CNY 27.97 million during the reporting period[11] - The company received new orders totaling RMB 25.5 billion, with 59% from efficient clean energy and 22% from new energy projects[14] Operational Highlights - In the first three quarters of 2014, the company's power generation equipment output reached 28.259 million kilowatts, with 3.2795 million kilowatts from hydropower generators and 24.305 million kilowatts from steam turbines[14] - The revenue from clean and efficient power generation equipment grew by 12.47%, driven by a significant increase in gas turbine revenue by 294.68%[22] - The company reported a 46.96% decline in revenue from new energy, primarily due to a 58.99% drop in wind power revenue[22] - The company's financial expenses decreased by 208.29% year-on-year, attributed to improved cash management and increased interest income[19] - The company's construction in progress increased by 32.21% compared to the beginning of the period, reflecting higher fixed asset investments[16] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[41]