GED(SZ:000539)2018-10-30 16:00Financial Performance - Total assets at the end of the reporting period reached ¥71,764,558,785, an increase of 1.07% compared to the end of the previous year[8] - Net profit attributable to shareholders decreased by 25% to ¥489,988,070 for the reporting period, while year-to-date net profit increased by 20.04% to ¥938,821,588[8] - Operating revenue for the reporting period was ¥7,060,929,815, a decrease of 6.44% year-on-year, but year-to-date revenue increased by 5.13% to ¥20,955,914,994[8] - Basic earnings per share for the reporting period were ¥0.093, down 25% compared to the same period last year[8] - The weighted average return on equity was 2.08%, a decrease of 0.71% year-on-year[8] Cash Flow - The net cash flow from operating activities increased by 54.83% year-on-year, amounting to ¥5,215,310,557, driven by an increase in electricity sales[16] Shareholder Information - The company reported a total of 95,707 common shareholders at the end of the reporting period[12] - The largest shareholder, Guangdong Provincial Yue Electric Group Co., Ltd., held 67.39% of the shares, totaling 3,538,005,285 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Asset Management and Impairment - The company received a notice from the Guangdong Provincial Development and Reform Commission regarding the shutdown of the Shajiao A Power Plant Unit 1 and Shajiao B Power Plant Unit 2, which have been in operation for over 30 years, with shutdown scheduled by the end of November 2018[18] - The work plan states that by the end of 2025, all 10 units of the Shajiao Power Plant will be gradually retired, with an estimated asset value of approximately 1.1 billion yuan involved[17] - The company is conducting impairment testing on the assets of the units scheduled for shutdown, and if significant impacts are identified, timely disclosures will be made[18] Compliance and Governance - The company reported no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[20] - There were no instances of entrusted financial management or derivative investments during the reporting period[23][24] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[27] Investor Relations - The company has been actively engaging with institutional investors through on-site research activities, with multiple sessions held in July and September 2018[25] Future Planning - The company is in the process of developing plans for the retirement of remaining units, replacement power construction, and related employee placement and land development matters, with significant uncertainties regarding the final impact[18] Investment and Fair Value - The company disclosed its securities investment situation, with specific details on various stocks and their fair value changes, indicating a total fair value change of -43.85 million yuan during the reporting period[22] Operational Strategy - The company has committed to high-quality construction in the Guangdong-Hong Kong-Macao Greater Bay Area and pollution prevention efforts as part of its operational strategy[18]