GDEP(SH:600310)2025-10-23 11:10Financial Performance - The company's operating revenue for the third quarter was ¥998,255,611.06, a slight increase of 0.04% compared to the same period last year[5]. - Total profit for the quarter decreased by 60.94% year-on-year to ¥222,309,603.93, while net profit attributable to shareholders fell by 65.97% to ¥149,127,658.57[5]. - The net profit after deducting non-recurring gains and losses was ¥34,245,146.37, a decrease of 57.75% compared to the previous year[5]. - The company reported a net profit attributable to shareholders of -82.60 million, a decrease of 65.97% year-on-year[11]. - The total profit for the reporting period was -61.86 million, reflecting a significant decline due to decreased electricity prices and reduced hydropower generation[11]. - The company achieved a net profit of 18,950.94 million in the third quarter of 2025, a decrease of 60.76% year-on-year[15]. - The company’s diluted earnings per share for the reporting period was -65.98, a decline of 65.98% compared to the previous year[12]. - Net profit for the first three quarters of 2025 was ¥148,257,039.75, compared to ¥389,249,756.13 in the first three quarters of 2024, indicating a significant decrease of 61.9%[42]. - The company reported a total profit of ¥146,266,259.31 for the first three quarters of 2025, down from ¥430,773,110.15 in the same period of 2024, reflecting a decrease of 66.0%[42]. Cash Flow - Cash flow from operating activities for the year-to-date reached ¥1,231,936,771.34, reflecting a 34.44% increase[6]. - The company achieved a cash flow from operating activities of 34.44 million, an increase attributed to higher cash inflows from electricity sales[11]. - The net cash flow from operating activities was CNY 1,231,936,771.34, an increase of 34.4% compared to CNY 916,360,233.46 in the previous period[33]. - The net cash flow from operating activities for the first three quarters of 2025 was ¥707,209,071.68, an increase from ¥279,034,285.70 in the same period of 2024[45]. - The company received cash inflows from operating activities totaling ¥4,526,817,856.63 in the first three quarters of 2025, compared to ¥3,190,190,920.72 in the same period of 2024, marking an increase of 41.9%[45]. Assets and Liabilities - Total assets at the end of the reporting period were ¥23,217,149,459.71, a decrease of 0.31% from the previous year[6]. - As of September 30, 2025, the total assets amounted to CNY 23,217.15 million, while total liabilities were CNY 18,007.75 million[23]. - Total liabilities rose to CNY 11,077,980,395.06, compared to CNY 10,575,583,900.12, indicating an increase of 4.7%[38]. - The company's total assets amounted to CNY 13,998,711,053.08, up from CNY 13,389,290,709.60, representing a growth of 4.6%[38]. Shareholder Information - Shareholders' equity attributable to the company increased by 1.57% to ¥3,041,810,078.36[6]. - The company’s major shareholders include Guangxi Guangtou Zhengrun Development Group Co., Ltd., holding 32.47% of shares, and Guangxi Energy Group Co., Ltd., holding 18.52%[13]. Segment Performance - The decline in total profit was primarily due to reduced profits in the thermal power segment, influenced by lower electricity prices and decreased generation volume[10]. - The hydropower segment reported a net profit of CNY 199.56 million, a decrease of CNY 32.45 million year-on-year due to reduced water inflow and market trading impacts[16]. - The thermal power segment incurred a net loss of CNY 233.84 million, worsening by CNY 86.53 million year-on-year due to declining electricity prices[16]. - The electricity sales segment recorded a net profit of CNY 174.84 million, down CNY 175.27 million year-on-year, impacted by increased purchase costs[17]. - The wind power segment achieved a net profit of CNY 15.78 million, an increase of CNY 3.78 million year-on-year, despite revenue reductions[17]. Investment and Financing Activities - The company plans to exchange its 3.23% stake in Guohai Securities for a 30% stake in Guoneng Beihai, with the process currently underway[18]. - The company sold a total of 66.74 million shares of Global New Materials for a total of HKD 339 million from January 1 to September 30, 2025[19]. - The total cash inflow from financing activities in the first three quarters of 2025 was ¥3,995,689,585.00, compared to ¥3,649,500,000.00 in the same period of 2024, indicating an increase of 9.5%[45]. Research and Development - The company reported an increase in R&D expenses to CNY 20,019,406.75 in 2025, up from CNY 9,256,576.16 in 2024, reflecting a commitment to innovation[27].