涪陵电力(600452) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥861,200,741.77, a decrease of 7.92% compared to the same period last year[4] - The total profit for the quarter was ¥147,025,590.32, reflecting a significant decline of 43.50% year-over-year[4] - The net profit attributable to shareholders was ¥129,054,853.21, down 42.39% from the previous year[4] - The basic earnings per share decreased by 46.67% to ¥0.08[5] - The company's total revenue for the first three quarters of 2025 was ¥2,277,546,584.52, a decrease of 5.43% compared to ¥2,408,402,297.08 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was ¥348,645,107.87, down 30.2% from ¥499,509,916.79 in the first three quarters of 2024[19] - Net profit for the first three quarters of 2025 was ¥295,864,839.28, a decline of 29.5% compared to ¥420,134,081.71 in the same period of 2024[19] - The company reported a basic earnings per share of ¥0.19 for the first three quarters of 2025, down from ¥0.27 in the same period of 2024[20] Assets and Liabilities - Total assets at the end of the period were ¥6,409,600,538.03, a decrease of 1.48% compared to the end of the previous year[5] - Total assets as of the end of the reporting period were ¥6,409,600,538.03, slightly down from ¥6,505,938,191.52 at the end of the previous year[16] - Total liabilities decreased to ¥937,578,236.37 from ¥1,194,743,587.97 in the previous year, indicating a reduction of approximately 21.5%[16] - The company’s total non-current assets amounted to ¥2,805,275,064.55, a decrease from ¥3,186,766,736.77 in the previous year[16] - The company's equity attributable to shareholders increased by 3.03% to ¥5,472,022,301.66[5] - The company’s total equity increased to ¥5,472,022,301.66 from ¥5,311,194,603.55, reflecting a growth of approximately 3.03%[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥645,889,944.63, down 48.52%[5] - The company's cash flow from operating activities for the first three quarters of 2025 was ¥645,889,944.63, a decrease of 48.5% from ¥1,254,600,890.69 in the first three quarters of 2024[22] - The company reported a significant outflow of ¥2,445,598,521.16 in the first three quarters of 2025, compared to ¥301,296,302.11 in the same period of 2024[22] - The net cash flow from investing activities was -$838.14 million, compared to -$295.96 million in the previous period[23] - The net cash flow from financing activities was -$149.65 million, down from -$172.36 million year-over-year[23] - The net increase in cash and cash equivalents was -$341.90 million, contrasting with an increase of $786.28 million in the prior period[23] - The ending balance of cash and cash equivalents was $707.04 million, significantly lower than $3.06 billion at the end of the previous period[23] Inventory and Receivables - Accounts receivable financing saw a 100% decrease, primarily due to the maturity of bank acceptance bills[9] - Inventory increased by 135.51%, mainly due to an increase in project reserve materials[9] - Accounts receivable increased to 669,444,622.69 from 539,860,520.36, indicating a rise in outstanding receivables[14] Expenses - R&D expenses for the current period were -100.00, primarily due to the absence of ongoing R&D projects[10] - Financial expenses increased by 54.59, attributed to optimized fund allocation and increased interest income[10] - Other income rose to 549.34, mainly due to the amortization of deferred income related to assets[10] - Investment income reached 121.29, driven by increased net profits from the associated company Chongqing Xinjianan Building Materials Co., Ltd.[10] - Total profit for the current reporting period was -43.50, primarily due to increased credit impairment losses[10] - Net profit attributable to shareholders for the current period was -42.39, reflecting an increase in credit impairment losses compared to the previous year[10] - Basic and diluted earnings per share for the current period were both -46.67, mainly due to increased credit impairment losses[10] - Cash flow from operating activities was -48.52, primarily due to a decrease in received energy efficiency payments[10] - The company reported a significant increase of 186.74% in taxes and surcharges, attributed to the absence of prior year's VAT refund adjustments[9]