QYDL(SZ:002039)2014-10-28 16:00Financial Performance - Operating revenue for the period reached CNY 1,178,607,377.44, a significant increase of 510.42% year-on-year[8] - Net profit attributable to shareholders was CNY 311,474,640.31, reflecting a decrease of 943.63% compared to the same period last year[8] - Basic earnings per share were CNY 1.0199, down 943.59% year-on-year[8] - Operating revenue for the first nine months reached ¥1,771,557,531.86, a 96.14% increase compared to ¥903,199,776.86 in the previous year[16] - Net profit attributable to the parent company surged to ¥281,384,926.25, a significant turnaround from a loss of ¥22,692,829.26 in the same period last year, marking a 1339.97% increase[16][17] - The company expects a net profit of ¥245,000,000 to ¥250,000,000 for the year 2014, compared to a loss of ¥99,100,700 in 2013, indicating a substantial improvement[22] Assets and Liabilities - Total assets increased by 8.09% to CNY 18,559,228,579.09 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 17.60% to CNY 1,898,297,790.41[8] - The company’s deferred tax assets rose by 163.52% to ¥4,347,849.96, reflecting increased bad debt provisions[16][17] - The company experienced a 360.52% increase in asset impairment losses, amounting to ¥18,266,593.76, due to increased bad debt provisions[16][17] - The company repaid principal debt amounting to ¥1,406,765,600.00, a 140.14% increase from the previous period[16] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 862,568,946.65, an increase of 38.91%[8] - Cash flow from operating activities increased by 28.28% to ¥1,193,168,782.97 from ¥930,102,217.82[16] - The company's cash and cash equivalents increased by 85.22% to ¥458,220,563.61 from ¥247,394,002.39[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,029[12] - The largest shareholder, China Huadian Corporation, held 13.58% of the shares[12] Investments - The company holds a 4.35% stake in Guizhou Huadian Wujiang Power Engineering Co., Ltd., with a long-term equity investment of -1,000,000.00 and a corresponding increase of +1,000,000.00 in equity attributable to shareholders[26] - The company has a 3.00% stake in Huaxin Insurance Brokerage Co., Ltd., reflecting a long-term equity investment of -3,750,000.00 and an increase of +3,750,000.00 in equity attributable to shareholders[26] - The total long-term equity investments amount to -19,750,000.00, with a corresponding increase of +19,750,000.00 in equity attributable to shareholders[26] Accounting Policies - The company reported no significant changes in accounting policies or errors that would require restatement of previous financial data[8] Future Outlook - The company plans to enhance its market position by leveraging improved water inflow and electricity generation capabilities in 2014[22]