ZZEPC(SH:600023)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 20,621,383,945.36, representing a year-on-year increase of 41.45%[4] - The net profit attributable to shareholders was a loss of CNY 214,920,294.64, a decrease of 109.84% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 262,809,258.02, down 112.44% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached ¥50.41 billion, a 36.6% increase from ¥36.90 billion in the same period of 2020[16] - Net profit for the third quarter of 2021 was ¥1.74 billion, a decrease of 69.6% compared to ¥5.73 billion in the same quarter of 2020[18] - Earnings per share for the third quarter of 2021 was ¥0.17, down from ¥0.38 in the same quarter of 2020[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 115,439,271,501.19, an increase of 0.81% from the end of the previous year[5] - The company's current assets totaled RMB 28,946,196,189.86, a decrease from RMB 29,841,762,151.50 in the previous year[13] - The company's total liabilities reached RMB 39,437,344,995.76, up from RMB 38,198,223,222.85, indicating a rise of about 3.2%[14][15] - The total assets amounted to ¥114,512,429,461.74, showing a slight increase from ¥114,551,649,409.28[24] - Total liabilities amounted to approximately ¥38.20 billion, with a slight decrease from ¥38.24 billion in the previous period[25] Cash Flow - The company's cash flow from operating activities showed a net outflow, with a decrease of 50.60% year-on-year[4] - Cash flow from operating activities for the first three quarters of 2021 was ¥3.14 billion, down 50.7% from ¥6.36 billion in the same period of 2020[19] - The net cash flow from financing activities was -¥6,004,902,289.81, compared to -¥5,802,094,098.94 in the prior year[21] - The total cash outflow from investment activities amounted to ¥3,910,472,913.68, an increase from ¥2,696,141,467.35 in the previous period[21] Inventory and Receivables - The increase in accounts receivable by 31.35% was primarily due to an increase in electricity sales[7] - Inventory increased by 38.28% due to rising coal prices[7] - The company's inventory rose to RMB 3,780,478,698.74 from RMB 2,734,002,157.61, reflecting an increase of about 38.3%[13] - Accounts receivable increased to RMB 7,912,935,482.91 from RMB 6,024,366,862.89, reflecting a growth of approximately 31.4%[12][13] Government Support and Subsidies - The company received government subsidies amounting to CNY 93,760,544.19 during the reporting period, an increase of 35.79%[6] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥134.73 million, a 72% increase from ¥78.39 million in the same period of 2020[16] Foreign Exchange and Investment Income - The company experienced a foreign exchange loss of ¥22.02 million in the third quarter of 2021, compared to a gain of ¥3,902.14 in the same quarter of 2020[18] - The company reported a decrease in investment income to ¥2.06 billion for the first three quarters of 2021, down from ¥2.64 billion in the same period of 2020[16] Employee Compensation and Restructuring - The company reported employee compensation payable of approximately ¥320.11 million[25] - The company holds a 49.57% stake in Huai-Zhe Coal Power Co., Ltd. and a 51% stake in Huai-Zhe Electric Power Co., Ltd. following a restructuring[11]