黔源电力(002039) - 2016 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 616,071,959.05, representing a decline of 32.16% year-on-year [8]. - Net profit attributable to shareholders was CNY 90,745,464.52, down 46.40% compared to the same period last year [8]. - Basic earnings per share were CNY 0.2971, reflecting a decrease of 46.40% year-on-year [8]. - The weighted average return on equity was 4.23%, a decrease of 4.66 percentage points year-on-year [8]. - The company's net profit attributable to shareholders decreased by 26.16% year-on-year, amounting to ¥193,236,855.31 compared to ¥261,699,491.34 in the previous period [7]. - The company expects a net profit for 2016 to decline between 30.00% and 78.00%, estimating a range of ¥7,908.45 million to ¥25,163.25 million [21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,545,162,452.03, a decrease of 3.76% compared to the end of the previous year [8]. - Accounts receivable decreased by 66.52%, ending at ¥48,571,264.60, primarily due to reduced power generation and lower electricity prices [2]. - Other receivables increased significantly by 605.37%, reaching ¥10,160,802.39, attributed to uncollected compensation fees and rental income [3]. - Tax payables decreased by 67.10% to ¥14,059,915.03, reflecting a reduction in power generation revenue [5]. - Asset impairment losses were significantly reduced by 112.81%, resulting in a loss of -¥4,041,315.87 compared to a gain of ¥31,539,413.89 previously [6]. - The company reported a 36.32% decrease in cash paid for the acquisition of fixed assets, totaling ¥235,943,939.08 [9]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,148 [12]. - The largest shareholder, China Huadian Corporation, held 13.58% of the shares, amounting to 41,486,520 shares [12]. - The second-largest shareholder, Guizhou Wujiang Hydropower Development Co., Ltd., held 12.40% of the shares, totaling 37,867,536 shares [12]. - The company did not engage in any repurchase transactions during the reporting period [13]. - The company has committed to avoiding substantial competition with its major shareholder, China Huadian Corporation, ensuring fair treatment in business operations [19]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,703,280,638.43, an increase of 15.33% compared to the previous year [8]. - The company received cash related to financing activities amounting to ¥750,000,000.00, a 50.00% increase from the previous period [10]. - The construction in progress increased by 40.57%, totaling ¥51,957,994.12, indicating ongoing investment in technical upgrades [4].