2025-10-24 12:14Financial Performance - Total revenue for the nine months ended September 30, 2025, was RMB 213,151 million, a decrease of 16.6% compared to RMB 255,475 million in the same period last year[7]. - Net profit attributable to the company's owners for the same period was RMB 41,366 million, down 13.8% from RMB 47,978 million year-on-year[7]. - Basic earnings per share decreased to RMB 2.082, a decline of 13.8% from RMB 2.546 in the previous year[7]. - Operating cash flow for the nine months was RMB 65,253 million, reflecting a decrease of 19.9% compared to RMB 81,474 million in the same period last year[7]. - The company reported a net profit of RMB 49,719 million for the first nine months of 2025, down 11.8% from RMB 56,393 million in 2024[43]. - Pre-tax profit decreased to RMB 61,850 million, a decline of 10.5% from RMB 68,838 million in 2024[42]. - Gross profit for the same period was RMB 67,675 million, down 13.0% from RMB 77,643 million in 2024[42]. Revenue and Sales - The company reported a decrease in coal sales volume and average selling prices, contributing to the overall decline in revenue[13]. - In the first nine months of 2025, the company reported a total revenue of RMB 159,099 million, a decrease of 21.1% compared to RMB 201,598 million in the same period of 2024[28]. - The total coal sales volume for the first nine months of 2025 was 316.5 million tons, down 8.4% from 345.6 million tons in the same period of 2024[23]. - The average selling price of coal in the first nine months of 2025 was RMB 487 per ton, a decrease of 13.7% from RMB 564 per ton in the same period of 2024[27]. - The company's revenue for the first nine months of 2025 was RMB 65,179 million, a decrease of 9.0% compared to RMB 71,663 million in the same period of 2024, primarily due to a decline in electricity sales volume and average selling price[38]. Costs and Expenses - Operating costs decreased by 18.2% to RMB 145,476 million, primarily due to lower procurement costs for purchased coal[13]. - Operating costs for the same period were RMB 53,180 million, down 12.5% from RMB 60,806 million, attributed to a decrease in electricity sales volume and lower coal procurement prices[38]. - Research and development expenses for the nine months were RMB 1,340 million, a decrease of 23.1% from RMB 1,742 million in the previous year[13]. - The company reported a decrease in coal production costs, with unit production costs for self-produced coal at RMB 164.4 per ton, down from RMB 169.6 per ton[32]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 646,427 million, down 3.8% from RMB 671,639 million at the end of the previous year[9]. - Current liabilities decreased to RMB 97,470 million from RMB 105,116 million at the end of 2024, reflecting a reduction of 7.8%[46]. - Cash and cash equivalents decreased by 27.6% to 48,053 million as dividends for the year-end 2024 were paid[15]. Investments and Cash Flow - The company's investment activities saw a net cash outflow of 8,880 million, a significant decrease of 83.0% compared to the previous year due to the redemption of structured deposit products[16]. - Net cash inflow from operating activities decreased by 19.9% to 65,253 million, attributed to a decline in revenue from coal and power generation businesses[16]. - Cash received from borrowings in 2025 was RMB 4,554 million, a decrease from RMB 10,479 million in 2024[50]. - The company paid dividends to shareholders amounting to RMB 44,903 million in both 2025 and 2024, indicating a stable dividend policy[50]. Production and Capacity - The total coal production for the first nine months of 2025 was 250.9 million tons, slightly down by 0.4% from 251.8 million tons in the same period of 2024[23]. - The total electricity generation in the first nine months of 2025 was 162.87 billion kWh, down 5.4% from 172.25 billion kWh in the same period of 2024[23]. - The total installed capacity of the company's power generation units reached 48,681 MW, with coal-fired generation capacity accounting for 93.2% at 45,384 MW[34]. - The company added 1,000 MW of coal-fired generation capacity during the first nine months of 2025, primarily from the commissioning of the third unit of the expansion project at its wholly-owned subsidiary[34].