华能水电(600025) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥7,634,118,185.50, representing a year-on-year increase of 21.71% compared to ¥5,659,901,120.46 in the same period last year[4] - Net profit attributable to shareholders for Q3 2023 was ¥3,299,554,597.92, a significant increase of 47.36% from ¥2,122,081,345.63 in Q3 2022[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,324,587,607.87, reflecting a 47.44% increase year-on-year[4] - The basic earnings per share for Q3 2023 was ¥0.17, up 41.67% from ¥0.12 in the same quarter last year[5] - The weighted average return on net assets increased to 4.22%, up 1.34 percentage points from 3.07% in the previous year[5] - Total operating revenue for the first three quarters of 2023 was CNY 18,138,275,880.36, a decrease of 2.84% compared to CNY 18,670,441,910.77 in the same period of 2022[17] - Net profit for the third quarter of 2023 reached CNY 7,245,327,566.56, an increase of 3.87% compared to CNY 6,975,248,516.58 in the same quarter of 2022[19] - The total comprehensive income for Q3 2023 was ¥7,328,461,672.69, compared to ¥7,201,000,457.12 in Q3 2022, indicating an increase of about 1.8%[20] Assets and Liabilities - Total assets as of the end of Q3 2023 amounted to ¥190,331,150,539.75, an increase of 4.79% from ¥181,631,020,380.19 at the end of the previous year[5] - The total liabilities as of the end of Q3 2023 amounted to CNY 122,218,388,982.41, an increase of 14.74% from CNY 106,526,174,149.48 at the end of Q3 2022[16] - The company's total assets as of Q3 2023 amounted to ¥148,948,867,343.25, up from ¥142,815,030,722.61 in Q3 2022, indicating a growth of 4.00%[27] - Total liabilities increased to ¥86,565,148,999.61 in Q3 2023 from ¥76,720,220,001.98 in Q3 2022, representing a rise of 12.00%[27] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥12,816,045,923.47, a decrease of 11.00% compared to the previous year[4] - Cash flow from operating activities for the first three quarters of 2023 was ¥12,816,045,923.47, down from ¥14,400,481,453.38 in the same period of 2022, a decrease of approximately 11%[22] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 14,867,149,819.99, down from CNY 16,769,936,967.08 in the same period of 2022, a decrease of about 10.73%[31] - Cash outflow from investment activities in Q3 2023 totaled CNY 8,711,697,664.81, significantly higher than CNY 2,428,252,907.27 in Q3 2022, indicating an increase of about 259.56%[31] - Cash flow from financing activities for Q3 2023 showed a net inflow of ¥2,551,519,452.94, contrasting with a net outflow of ¥7,839,027,305.07 in Q3 2022, marking a recovery in financing activities[24] Shareholder Information - The company has a total of 70,274 common shareholders at the end of the reporting period, with the largest shareholder, China Huaneng Group, holding 50.40% of the shares[11] - Yunnan Energy Investment Group holds 22.70% of the shares, while Yunnan Hehe (Group) Co., Ltd. holds 11.34%[11] - The company does not have any significant related party transactions or concerted actions among the top shareholders[12] Investment and Expenses - Research and development expenses for Q3 2023 were CNY 114,169,783.58, slightly down from CNY 118,760,003.91 in Q3 2022[19] - Financial expenses for Q3 2023 were CNY 2,023,810,036.56, a decrease from CNY 2,461,922,351.24 in the same quarter of the previous year[19] - The company reported an increase in investment income to CNY 127,073,520.38 in Q3 2023, compared to CNY 88,666,296.56 in Q3 2022[19] - The company’s long-term equity investments increased to ¥16,217,450,482.78 in Q3 2023 from ¥10,040,177,171.20 in Q3 2022, indicating a growth of 61.80%[27] Other Financial Metrics - The company completed the acquisition of 100% equity in Huaneng Sichuan Energy Development Co., Ltd. before September 30, 2023, leading to adjustments in historical data for comparability[5] - The company reported a decrease in cash received from sales of goods and services, totaling ¥18,985,806,286.03 in the first three quarters of 2023, compared to ¥20,651,685,095.07 in the same period of 2022, a decline of about 8.1%[22] - The company did not apply new accounting standards for the first time in 2023[33]