GDG(SH:600098)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 8.12% to CNY 697.05 million year-on-year[5] - Operating revenue grew by 14.50% to CNY 21.36 billion for the first nine months of the year[5] - Total comprehensive income increased by 36.59% to ¥960,081,878.27, driven by profits from power and new energy businesses[11] - Total operating revenue for Q3 2019 reached ¥8,472,017,631.04, a 32.5% increase from ¥6,397,932,585.79 in Q3 2018[26] - Operating income for the first three quarters of 2019 was ¥21,357,778,719.04, up 14.4% from ¥18,652,349,910.21 in the same period of 2018[26] - Net profit for Q3 2019 was ¥384,964,039.26, compared to ¥324,429,992.11 in Q3 2018, reflecting a growth of 18.7%[26] - The total comprehensive income for Q3 2019 was ¥342,522,598.08, compared to ¥195,842,563.88 in Q3 2018, showing an increase of approximately 75%[28] - The company reported a total profit of ¥389,639,514.49 for Q3 2019, up from ¥320,532,133.11 in Q3 2018, which is an increase of about 21%[28] Assets and Liabilities - Total assets increased by 8.84% to CNY 41.86 billion compared to the end of the previous year[5] - The company's total current assets amounted to ¥4,980,122,909.71, up from ¥4,131,369,101.35, indicating an increase of approximately 20.5%[23] - The company’s non-current assets totaled approximately CNY 31.44 billion, up from CNY 28.67 billion at the end of 2018, marking an increase of about 9.7%[19] - Total liabilities increased to ¥21,671,814,798.81 from ¥18,924,283,424.89, reflecting a growth of around 9.8%[21] - Current liabilities decreased to ¥8,103,606,396.52 from ¥10,540,892,746.86, a reduction of about 23.1%[20] - Non-current liabilities rose to ¥13,568,208,402.29 from ¥8,383,390,678.03, indicating an increase of approximately 62.0%[21] Cash Flow - Net cash flow from operating activities surged by 93.24% to CNY 2.55 billion compared to the same period last year[5] - Cash inflow from operating activities totaled 24,376,809,588.94 RMB, up from 21,435,718,239.12 RMB year-over-year[32] - Cash outflow from investing activities was 4,418,415,161.04 RMB, significantly higher than 2,461,793,825.56 RMB in the previous year[35] - Net cash flow from investing activities was -510,539,576.94 RMB, contrasting with a positive flow of 349,546,637.64 RMB in the prior year[35] - Cash inflow from financing activities was 7,832,886,273.74 RMB, compared to 5,059,044,346.19 RMB in the previous year[33] Shareholder Information - The company reported a total of 62,135 shareholders at the end of the reporting period[7] - The largest shareholder, Guangzhou State-owned Assets Development Holding Co., Ltd., holds 62.69% of the shares[7] - The company paid a cash dividend of RMB 0.10 per share, totaling RMB 272,619,655.80, based on a total share capital of 2,726,196,558 shares[13] - The company’s total share capital is 2,726,196,558 shares, which is the basis for the dividend distribution[13] Research and Development - R&D expenses increased by 79.81% to ¥230,422,452.77, reflecting the company's focus on cultivating high-tech enterprises, with 8 new high-tech subsidiaries added[10] - Research and development expenses in Q3 2019 amounted to ¥119,199,712.87, significantly higher than ¥55,294,554.34 in Q3 2018, indicating a 115% increase[26] Financing Activities - Long-term borrowings rose by 39.84% to ¥5,361,339,690.51, indicating an increase in long-term financing by subsidiaries[10] - The company issued ¥7.4 billion in bonds, representing an increase of 89.74% compared to the previous year[10] - The company received 24,082,448,024.93 RMB from sales of goods and services, an increase from 21,196,992,512.25 RMB year-over-year[32] Strategic Initiatives - The company signed a strategic cooperation framework agreement with the China Geological Survey Bureau to conduct research on natural gas hydrates[2] - The company plans to invest approximately CNY 848 million in a 200MW agricultural photovoltaic project and CNY 528 million in a 120MW fishery-light complementary project[19] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26] Credit Ratings - The company maintained a credit rating of AAA with a stable outlook as assessed by China Chengxin International Credit Rating Co., Ltd.[11] - The company’s credit ratings for its green bonds remain at AAA, indicating strong financial health[11]