HPEC(SH:600312)2025-10-21 09:30Financial Performance - Operating revenue for the third quarter was CNY 2,739,996,668.61, a decrease of 3.63% compared to the same period last year[4]. - Total profit for the quarter reached CNY 398,678,365.75, reflecting a growth of 3.05% year-on-year[4]. - Net profit attributable to shareholders was CNY 317,529,584.37, down by 1.83% compared to the same quarter last year[4]. - Basic earnings per share for the quarter stood at CNY 0.2340, a decline of 1.85% year-on-year[5]. - The total operating revenue for the first three quarters of 2025 reached RMB 8,435,559,451.35, an increase of 6.97% compared to RMB 7,885,452,176.80 in the same period of 2024[19]. - The company's net profit for the first three quarters of 2025 reached CNY 1,057,568,252.90, an increase from CNY 921,993,536.96 in the same period of 2024, representing a growth of approximately 14.7%[20]. - Operating profit for the first three quarters of 2025 was CNY 1,219,236,943.46, compared to CNY 1,054,812,206.35 in 2024, indicating an increase of about 15.6%[20]. - Total revenue from operating activities for the first three quarters of 2025 was CNY 9,790,962,718.11, up from CNY 7,969,001,940.77 in 2024, reflecting a growth of approximately 22.8%[24]. - The company reported a total comprehensive income of CNY 1,058,756,075.48 for the first three quarters of 2025, compared to CNY 919,569,871.92 in 2024, marking an increase of about 15.1%[21]. - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.7239, up from CNY 0.6316 in 2024, representing an increase of approximately 14.6%[21]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 130,491,890.33, a significant decrease of 85.54%[4][8]. - The company's cash and cash equivalents as of September 30, 2025, were RMB 6,942,460,315.38, down from RMB 7,129,573,672.96 at the end of 2024[14]. - The company experienced a net cash outflow of CNY 242,477,488.90 in the first three quarters of 2025, contrasting with a net inflow of CNY 269,824,121.57 in the same period of 2024[27]. - Investment activities resulted in a net cash outflow of CNY 104,129,211.23 in the first three quarters of 2025, compared to a net outflow of CNY 61,764,530.44 in 2024[26]. - The company’s cash and cash equivalents at the end of the third quarter of 2025 stood at CNY 6,834,793,133.41, down from CNY 5,192,073,298.09 in 2024[27]. Assets and Liabilities - Total assets increased to CNY 22,724,506,441.64, representing a growth of 4.52% from the end of the previous year[5]. - The total assets of the company as of September 30, 2025, amounted to RMB 22,724,506,441.64, compared to RMB 21,742,586,040.70 at the end of 2024, indicating an increase of 4.52%[17]. - The total liabilities as of September 30, 2025, were RMB 10,841,442,833.76, slightly up from RMB 10,777,329,728.09 at the end of 2024[17]. - The company’s total equity increased to RMB 11,883,063,607.88 as of September 30, 2025, from RMB 10,965,256,312.61 at the end of 2024, reflecting a growth of 8.35%[17]. Expenses and Costs - The total operating costs for the first three quarters of 2025 were RMB 7,249,725,379.44, up from RMB 6,870,468,403.70 in 2024, reflecting a growth of 5.52%[19]. - Research and development expenses increased significantly to RMB 376,044,957.44 in 2025 from RMB 297,849,666.07 in 2024, marking a rise of 26.19%[19]. - The company adjusted its financial statements to reflect a reclassification of quality assurance expenses amounting to CNY 10,749,689.55 from selling expenses to operating costs[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,059[10]. - Shareholder equity attributable to the parent company rose to CNY 11,378,305,112.45, an increase of 8.66% compared to the previous year-end[5]. Other Notable Events - The company sold a 20% stake in Henan Pinggao Clean Energy Co., Ltd., recovering an investment cost and income of RMB 2,476,600, which will no longer hold equity in the company[12]. - The company reported a decrease in accounts receivable from RMB 6,361,217,453.86 in 2024 to RMB 6,509,465,443.86 in 2025, indicating a rise of 2.33%[14]. - The company experienced a significant increase in procurement payments, impacting cash flow negatively[8].