2023-10-24 16:00Financial Performance - The operating revenue for Q3 2023 was CNY 65,289,446,465, a decrease of 2.67% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 reached CNY 6,255,333,821, reflecting a significant increase of 770.02% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY 3,824,177,544, up by 410.89% compared to the same period last year[4]. - The basic earnings per share for Q3 2023 was CNY 0.35, representing an increase of 488.89% compared to the same period last year[5]. - The total profit for the coal-fired power segment for the year-to-date was 34.36 billion, a substantial recovery from a loss of 119.13 billion in the previous year[13]. - The photovoltaic segment reported a profit of 18.24 billion, representing a 77.01% increase compared to the previous year[13]. - Net profit for the third quarter of 2023 was CNY 13.45 billion, compared to a net loss of CNY 5.49 billion in the same quarter of 2022, indicating a turnaround in profitability[19]. - The total comprehensive income for Q3 2023 is ¥13,547,439,180, significantly improving from a loss of ¥6,325,604,467 in Q3 2022[20]. Cash Flow and Investments - The net cash flow from operating activities for Q3 2023 was CNY 19,900,291,669, an increase of 262.13% year-on-year[5]. - The net cash flow from operating activities for the first nine months of 2023 is ¥33,660,023,419, an increase from ¥25,583,009,135 in the same period last year[21]. - The company reported a cash outflow of ¥37,249,089,436 for investment activities in the first nine months of 2023, compared to ¥23,294,537,959 in the previous year[21]. - The company received cash from sales and services amounting to ¥213,388,323,953 in the first nine months of 2023, slightly up from ¥208,590,147,919 in the same period last year[21]. - The company received government subsidies totaling CNY 238,715,736, primarily related to coal purchase subsidies and environmental protection subsidies[6]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 521,673,674,193, an increase of 3.79% from the end of the previous year[5]. - Total assets as of September 30, 2023, amounted to CNY 521.67 billion, up from CNY 502.61 billion at the end of 2022, reflecting an increase of approximately 3.8%[18]. - Total liabilities decreased to CNY 365.30 billion as of September 30, 2023, down from CNY 376.06 billion at the end of 2022, a reduction of approximately 2.0%[18]. - The company’s cash and cash equivalents increased to CNY 18.75 billion from CNY 17.18 billion year-over-year, showing a growth of about 9.2%[17]. - The company’s cash and cash equivalents at the end of Q3 2023 stand at ¥18,044,980,188, up from ¥16,192,979,672 at the end of Q3 2022[22]. Shareholder Information - The equity attributable to shareholders at the end of Q3 2023 was CNY 137,459,888,556, reflecting a growth of 26.65% year-on-year[5]. - The total equity attributable to shareholders increased to CNY 137.46 billion as of September 30, 2023, compared to CNY 108.54 billion at the end of 2022, reflecting a growth of approximately 26.7%[18]. - The company’s total number of ordinary shareholders at the end of the reporting period was 79,994[14]. - The largest shareholder, Huaneng International Power Development Company, holds 32.28% of the shares, totaling 5,066,662,118 shares[15]. Future Outlook - The company expects continued growth driven by lower domestic fuel prices and increased electricity sales in the upcoming quarters[10]. - Basic earnings per share for the reporting period increased to 488.89, primarily due to a decrease in domestic fuel prices and the transfer of 49% equity in Sichuan Company, which boosted investment income[11]. - The weighted average return on equity for the reporting period increased by 13.66 percentage points, mainly due to lower domestic fuel prices and the equity transfer[11]. Research and Development - Research and development expenses for the year-to-date reached 30.26 million, reflecting increased investment in technology projects[12]. - Research and development expenses for the first three quarters of 2023 were CNY 875.84 million, up from CNY 672.38 million in the same period of 2022, indicating an increase of approximately 30.2%[19].