Financial Performance - For the third quarter of 2022, CGN Power Co., Ltd. reported operating revenue of CNY 21,792,933,291.06, a decrease of 2.14% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 2,885,573,841.76, reflecting an 11.05% decline year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,818,465,448.34, down 12.44% from the previous year[5]. - The basic earnings per share for the quarter was CNY 0.0571, a decrease of 11.06% compared to CNY 0.0636 in the same quarter last year[5]. - The total profit for Q3 2022 was approximately ¥15.86 billion, a decrease from ¥16.05 billion in Q3 2021, representing a decline of about 1.18%[24]. - The net profit attributable to shareholders of the parent company was approximately ¥8.79 billion, slightly up from ¥8.74 billion in the same period last year, indicating a growth of about 0.4%[24]. - The total comprehensive income for Q3 2022 was approximately ¥13.89 billion, compared to ¥13.94 billion in Q3 2021, reflecting a decrease of about 0.36%[24]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 402,102,128,347.71, showing a slight increase of 0.52% from the previous year[5]. - The total liabilities decreased to CNY 244.91 billion from CNY 249.08 billion year-on-year, reflecting a reduction of 1.74%[22]. - The total equity increased to CNY 157.20 billion, up from CNY 150.95 billion, representing a growth of 4.83%[22]. - As of September 30, 2022, the total current assets amounted to approximately CNY 67.07 billion, a decrease of 1.32% from CNY 67.97 billion at the beginning of the year[21]. - The total non-current assets reached approximately CNY 335.04 billion, an increase from CNY 332.07 billion at the beginning of the year[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 24,328,787,492.92, a decrease of 9.18% compared to the same period last year[5]. - Cash flow from operating activities for the period was approximately ¥24.33 billion, down from ¥26.79 billion in the previous year, a decline of about 9.15%[25]. - Cash flow from investing activities showed a net outflow of approximately ¥6.99 billion, an improvement from a net outflow of ¥9.97 billion in the same period last year[25]. - Cash flow from financing activities resulted in a net outflow of approximately ¥16.45 billion, slightly worse than the net outflow of ¥16.23 billion in Q3 2021[26]. - The company reported cash and cash equivalents at the end of the period amounting to approximately ¥12.42 billion, an increase from ¥9.29 billion at the end of Q3 2021, representing a growth of about 33.1%[26]. Operational Metrics - The total electricity generated by the nuclear power units managed by the company from January to September 2022 was approximately 142.837 billion kWh, a decrease of 4.17% compared to the same period last year[8]. - The company's operating revenue for the first nine months of 2022 was approximately CNY 58.415 billion, a decrease of about CNY 0.072 billion compared to the same period last year[9]. - The total profit for the first nine months of 2022 was approximately CNY 15.865 billion, a decrease of about CNY 0.189 billion compared to the same period last year[9]. - The company's weighted average return on equity for the reporting period was 2.76%, down from 3.27% in the previous year[5]. - The company has seven nuclear power units under construction, with a total installed capacity of 8,380 MW[19]. Changes in Accounting Policies - The company implemented a new accounting policy regarding the treatment of revenue from trial operation sales starting January 1, 2022[6]. - The company has made retrospective adjustments for trial operation sales that occurred between January 1, 2021, and the implementation date of the new policy[6]. Shareholder Information - The company's total number of ordinary shareholders at the end of the reporting period was 261,287[14]. - The company's receivables from bills decreased by 99.82% to CNY 304.76 million due to the recovery of matured bills by Ningde Nuclear Power[10]. Research and Development - Research and development expenses increased to CNY 885.73 million, up 20.24% from CNY 736.31 million in the previous year[23]. Future Outlook - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[23].
中广核电力(01816) - 2022 Q3 - 季度财报