Datang Power(SH:601991)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 47,095,939, down 9.97% year-on-year[9]. - Net profit attributable to shareholders for the first nine months was CNY 3,586,968, a decrease of 2.11% compared to the same period last year[9]. - Basic earnings per share for the first nine months were CNY 0.2695, down 2.10% year-on-year[9]. - Total operating revenue for Q3 was 15,487,375 thousand RMB, a decrease of 11.4% compared to 17,470,304 thousand RMB in the same period last year[33]. - Net profit for Q3 was 1,968,166 thousand RMB, down 13.1% from 2,265,035 thousand RMB year-over-year[34]. - Operating profit for the first nine months was 5,721,877 thousand RMB, a decline of 13.9% from 6,642,932 thousand RMB in the previous year[33]. - The company’s total profit for the first nine months was 6,820,764 thousand RMB, a decrease of 2.6% from 7,003,935 thousand RMB in the previous year[33]. - Total comprehensive income for Q3 was 1,873,446 thousand RMB, a decrease of 19.6% compared to 2,332,597 thousand RMB in the previous year[34]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY 21,603,710, a decrease of 4.33% compared to the previous year[8]. - Operating cash inflow for the period (January to September) was CNY 63,925,925, a decrease of 6.5% from CNY 68,324,043 in the same period last year[41]. - Net cash flow from operating activities was CNY 21,603,710, down from CNY 22,582,366 year-on-year, reflecting a decline of 4.3%[41]. - Cash outflow from investment activities totaled CNY 12,131,401, compared to CNY 15,735,495 in the previous year, indicating a reduction of 22.5%[41]. - Net cash flow from investment activities was negative at CNY -8,397,710, an improvement from CNY -14,576,098 year-on-year[41]. - Cash inflow from financing activities reached CNY 66,091,970, up 18.4% from CNY 55,805,863 in the same period last year[42]. - Net cash flow from financing activities was CNY -12,707,568, worsening from CNY -6,630,040 year-on-year[42]. - The ending balance of cash and cash equivalents was CNY 5,485,293, down from CNY 9,240,978 at the end of the previous year[42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 300,105,173, a decrease of 0.77% compared to the end of the previous year[8]. - Current assets decreased from CNY 23.86 billion to CNY 21.13 billion, representing a reduction of about 11.43%[25]. - Total liabilities decreased from CNY 239.32 billion to CNY 235.20 billion, a decrease of approximately 1.84%[26]. - Current liabilities decreased from CNY 71.76 billion to CNY 62.70 billion, a decline of about 12.87%[26]. - Long-term borrowings decreased from CNY 137.69 billion to CNY 134.99 billion, a reduction of approximately 1.97%[26]. - The company's equity increased from CNY 63.11 billion to CNY 64.90 billion, an increase of about 2.83%[26]. - Cash and cash equivalents increased from CNY 5.29 billion to CNY 5.49 billion, a growth of approximately 3.98%[25]. - Accounts receivable decreased from CNY 9.50 billion to CNY 6.74 billion, a decline of about 29.05%[25]. - Inventory remained relatively stable, decreasing slightly from CNY 3.74 billion to CNY 3.74 billion[25]. - The company reported a significant increase in other payables, rising from CNY 2.49 billion to CNY 2.57 billion, an increase of approximately 3.43%[26]. Shareholder Information - The total number of shareholders at the end of the reporting period was 267,953[12]. - The largest shareholder, China Datang Corporation, held 4,138,977,414 shares, representing 31.10% of the total shares[12]. Government Support and Strategic Initiatives - The company received government subsidies amounting to CNY 120,656 for the first nine months, which are closely related to its normal business operations[10]. - The company is currently progressing steadily with the restructuring of its coal chemical sector and related projects[17]. - The company received a commitment from its controlling shareholder to avoid competition in the power sector, ensuring priority rights for project development[19]. - The company plans to inject non-listed thermal power assets into the company within specified timeframes, contingent on improved profitability[20]. Other Financial Metrics - The weighted average return on net assets decreased by 0.15 percentage points to 7.95%[9]. - Investment income for the nine months ended September 30, 2015, increased by approximately 57% compared to the same period last year, mainly due to increased profitability of joint ventures[15]. - Net cash flow from investing activities for the nine months ended September 30, 2015, increased by approximately 42% compared to the same period last year, primarily due to reduced capital expenditure[16]. - Current liabilities increased by approximately 279% compared to the beginning of the period, mainly due to accrued employee compensation that has not yet been paid[14]. - Other current liabilities increased by approximately 38% compared to the beginning of the period, mainly due to the issuance of short-term financing bonds[15].