2017-10-27 16:00Financial Performance - Net profit attributable to shareholders for the first nine months was RMB 35,649 million, an increase of 106.0% year-on-year [7]. - Operating revenue for the third quarter was RMB 62,017 million, up 34.6% from the same period last year [6]. - The weighted average return on equity increased by 5.02 percentage points to 10.74% for the first nine months [7]. - The total profit for the same period was RMB 53,705 million, reflecting a 75.1% increase from RMB 30,676 million in 2016 [20]. - The company's operating revenue for the first nine months of 2017 was RMB 142,886 million, a 67.7% increase from RMB 85,197 million in the same period of 2016 [28]. - The company’s net profit for the first nine months of the year was 42,444 million, a 80.5% increase from 23,506 million in the same period last year [60]. - Basic earnings per share for the third quarter were 0.570, compared to 0.376 in the same quarter last year, reflecting a 51.3% increase [61]. Sales and Production - Coal sales volume for the first nine months reached 328.3 million tons, a year-on-year increase of 13.9% [12]. - The company’s coal production for the first nine months was 221.3 million tons, a year-on-year increase of 3.8% [12]. - Total sales volume of coal in Q3 2017 reached 107.8 million tons, a 5.8% increase from 101.9 million tons in Q3 2016 [24]. - For the first nine months of 2017, total coal sales volume was 328.3 million tons, a 13.9% increase from 288.2 million tons in the same period of 2016 [25]. - The company’s coal production in the first nine months of 2017 was 2.59 billion tons, a 5.7% increase year-on-year [43]. Revenue and Costs - The increase in revenue was primarily driven by higher coal sales prices and increased sales volume of coal and electricity [20]. - Operating costs for the first nine months of 2017 were RMB 106,436 million, a 44.9% increase from RMB 73,457 million in 2016 [20]. - Tax and additional charges rose to RMB 7,243 million, a 59.6% increase due to higher coal sales volume and prices [20]. - The average selling price of domestic trade coal increased by 120.0% in the first nine months of 2017, attributed to a higher proportion of high-calorific coal sales compared to the previous year [26]. - The average selling cost of electricity increased by 23.3% year-on-year to RMB 257.4 per MWh in the first nine months of 2017 [36]. Cash Flow and Assets - The company reported a net cash flow from operating activities of RMB 83,814 million for the first nine months, an increase of 34.8% compared to the previous year [4]. - As of September 30, 2017, cash and cash equivalents increased by 40.9% to RMB 71,530 million compared to December 31, 2016, due to the maturity of financial products and increased deposits [22]. - The net cash flow from investing activities for the first nine months of 2017 was RMB 19,018 million, a significant improvement from a net outflow of RMB 16,377 million in the same period of 2016 [22]. - The company’s total assets impairment loss for the first nine months was 389 million, significantly higher than 25 million in the same period last year [60]. - The ending balance of cash and cash equivalents was RMB 64,111 million, down from RMB 73,332 million at the end of the previous year [65]. Debt and Equity - The company's debt-to-asset ratio as of September 30, 2017, was 34.4%, up 0.9 percentage points from 33.5% at the end of 2016 [20]. - Short-term borrowings increased by 51.8% to RMB 6,655 million as of September 30, 2017, compared to RMB 4,384 million at the end of 2016 [22]. - The company’s long-term borrowings rose by 8.8% to RMB 63,625 million as of September 30, 2017, reflecting increased financing for power generation projects [22]. - The company’s total equity attributable to shareholders decreased to 292.242 billion RMB from 312.357 billion RMB at the beginning of the year [54]. Other Income and Investments - Investment income surged to RMB 1,154 million, a 474.1% increase from RMB 201 million in the previous year, attributed to increased returns from financial products and joint ventures [20]. - The company reported other income of RMB 162 million, which was not applicable in the previous year, due to government subsidies received for gas power plants [20]. - The company established a joint venture with Guodian Power Development Co., Ltd., involving equity and assets from 15 thermal power companies and 3 thermal power branches [46].