CYPC(SH:600900)2025-10-30 11:20Financial Performance - The company's operating revenue for the third quarter was CNY 29,043,671,615, a decrease of 7.86% compared to the same period last year[6]. - The total profit for the quarter was CNY 18,059,091,589, down 7.82% year-on-year[6]. - The net profit attributable to shareholders was CNY 15,136,522,021, reflecting a decline of 9.16% compared to the previous year[6]. - For the first three quarters of 2025, the total operating revenue was RMB 65.74 billion, a decrease of 0.89% compared to RMB 66.33 billion in the same period of 2024[18]. - Total operating revenue for the first nine months was CNY 68,938,167,805.42, a decrease from CNY 71,355,812,909.77 in the same period last year, representing a decline of approximately 3.9%[24]. - Net profit attributable to shareholders of the parent company reached CNY 28,192,874,494.95, compared to CNY 28,024,923,212.82 in the previous year, showing an increase of about 0.6%[20]. - Operating profit for the period was CNY 34,213,116,819.44, slightly up from CNY 33,747,343,958.43, indicating a growth of approximately 1.4%[19]. - Total comprehensive income for the period was CNY 28,926,843,608.38, compared to CNY 28,889,058,075.39, showing a marginal increase of about 0.1%[20]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 42,895,214,452, a decrease of 9.98% from the same period last year[6]. - The net cash flow from operating activities was CNY 42,895,214,451.84, down from CNY 47,648,323,585.18, a decrease of approximately 10.5%[24]. - The net cash flow from investing activities was -6,640,657,422.17 CNY, compared to -5,678,704,744.56 CNY in the previous period, indicating a decline in investment performance[25]. - The total cash inflow from financing activities reached 142,844,664,598.32 CNY, while cash outflow was 175,349,626,287.08 CNY, resulting in a net cash flow of -32,504,961,688.76 CNY, an improvement from -43,221,252,965.11 CNY previously[25]. - The company's cash and cash equivalents increased by 3,757,085,496.38 CNY, with an ending balance of 10,278,962,486.89 CNY compared to 6,496,532,479.08 CNY at the end of the previous period[25]. - The company's cash and cash equivalents stood at RMB 10.33 billion, compared to RMB 6.57 billion at the end of 2024, reflecting a growth of 57.5%[14]. - Cash and cash equivalents at the end of the period stood at ¥6.55 billion, a substantial increase from ¥2.19 billion at the end of the previous year, marking a growth of approximately 199.4%[34]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 568,769,002,806, an increase of 0.42% compared to the end of the previous year[6]. - The total assets of China Yangtze Power Co., Ltd. amounted to RMB 568.77 billion, a slight increase from RMB 566.39 billion at the end of 2024[14]. - The company's total current assets reached RMB 27.11 billion, up from RMB 17.20 billion in the previous year, indicating a significant growth of 57.1%[14]. - The total liabilities decreased to RMB 335.78 billion from RMB 344.39 billion, showing a reduction of 2.0%[16]. - The total liabilities increased to 154,854,128,132.80 CNY from 149,188,869,625.21 CNY, reflecting a rise in financial obligations[28]. - The company's total equity rose to 180,650,873,319.32 CNY, compared to 168,597,490,240.72 CNY, indicating a strengthening of the equity position[28]. - The long-term borrowings increased to 63,877,900,000.00 CNY from 45,659,900,000.00 CNY, indicating a strategy to leverage for growth[28]. Shareholder Information - The company had a total of 601,559 common shareholders at the end of the reporting period[11]. - China Three Gorges Group has increased its stake in the company by acquiring 90.70 million shares for a total investment of RMB 253.10 million as of October 29, 2025[13]. - The company plans to repurchase shares worth between RMB 4 billion and RMB 8 billion over the next 12 months, reflecting confidence in future growth[12]. Research and Development - Research and development expenses increased to CNY 411,682,995.77 from CNY 349,345,236.00, reflecting a rise of about 17.8% year-over-year[19]. - Research and development expenses increased to ¥247.14 million from ¥196.39 million, representing a growth of approximately 25.8% year-over-year[30].