ZZEPC(SH:600023)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥27,777,092,661.40, an increase of 11.28% compared to the same period last year[3] - Net profit attributable to shareholders was ¥3,183,898,869.68, reflecting a significant increase of 5,459.89% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥3,040,246,061.45, up by 6,511.87% compared to the previous year[3] - Total operating revenue for the first three quarters of 2023 reached ¥69,506,218,179.37, an increase from ¥60,883,891,816.04 in the same period of 2022, representing a growth of approximately 26.7%[18] - Operating profit for Q3 2023 was ¥8,292,517,211.63, significantly higher than ¥47,319,473.01 in Q3 2022[19] - Net profit for Q3 2023 was ¥7,155,192,963.76, compared to a net loss of ¥423,018,796.07 in Q3 2022, indicating a strong recovery[19] - The total comprehensive income for Q3 2023 was ¥7,052,310,498.47, a recovery from a loss of ¥1,278,569,343.58 in Q3 2022[20] - Basic earnings per share for the year-to-date period was ¥0.44, a significant increase from ¥0.03 in the same period last year, marking a growth of 1,366.67%[3] - Basic earnings per share for Q3 2023 were ¥0.44, a significant increase from ¥0.03 in Q3 2022[20] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥5,222,611,086.63, an increase of 80.81% year-on-year[3] - In the first three quarters of 2023, the cash inflow from operating activities reached ¥76.22 billion, an increase of 5.8% compared to ¥72.14 billion in the same period of 2022[21] - The net cash flow from operating activities for the first three quarters of 2023 was ¥5.22 billion, significantly up from ¥2.89 billion in the previous year, marking an increase of 80.8%[22] - The total cash inflow from investment activities was ¥3.82 billion, compared to ¥2.32 billion in the same period last year, reflecting a growth of 64.5%[22] - The cash inflow from investment income received was ¥3.51 billion, which is a substantial increase of 76.1% from ¥1.99 billion in the same period last year[22] - The company received cash from borrowing amounting to ¥36.67 billion, an increase of 24.0% compared to ¥29.48 billion in the same period of 2022[22] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥147,090,465,319.08, representing a growth of 21.64% from the end of the previous year[4] - The company's total current assets as of September 30, 2023, amount to 44,914,718,083.57 RMB, an increase from 29,744,775,451.25 RMB at the end of 2022[16] - The total assets of the company reached 147,090,465,319.08 RMB, up from 120,920,570,760.56 RMB at the end of 2022[16] - Total liabilities as of Q3 2023 amounted to ¥67,346,471,606.93, up from ¥53,434,084,108.03 in Q3 2022, indicating increased leverage[18] - The total non-current liabilities increased to ¥35,807,792,464.34 in Q3 2023, compared to ¥26,887,389,775.43 in Q3 2022, indicating a rise in long-term obligations[18] - The company has a total of 11,898,245,589.17 RMB in short-term borrowings, compared to 10,615,141,612.10 RMB at the end of 2022[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 131,194[10] - Zhejiang Energy Group Co., Ltd. holds 9,312,667,001 shares, accounting for 69.45% of total shares[10] Operational Efficiency - The increase in profitability is attributed to a decrease in coal costs and improved operational efficiency in the coal power sector[7] - Research and development expenses increased to ¥308,628,440.18 in the first three quarters of 2023, up from ¥108,472,246.05 in the same period of 2022, reflecting a focus on innovation[18]