GDG(SH:600098)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 847.42 million, representing a year-on-year increase of 21.57%[6] - Operating revenue for the first nine months was CNY 22.74 billion, up 6.47% from the same period last year[6] - Basic earnings per share increased by 24.17% to CNY 0.3175[6] - The weighted average return on equity rose to 4.87%, an increase of 0.68 percentage points year-on-year[6] - The company reported a 31.18% increase in prepayments, rising from ¥218,164,301.74 to ¥286,197,233.30, attributed to advance payments for wind power project acquisitions[11] - The company's net profit for the period showed an increase, with retained earnings rising to CNY 7.67 billion from CNY 6.95 billion, an increase of approximately 10.4%[23] - The net profit for Q3 2020 reached CNY 111,569,688.83, compared to a net loss of CNY 72,586,424.07 in Q3 2019[32] - The net profit for the first three quarters of 2020 was not explicitly stated but can be inferred from the increase in retained earnings to ¥1,403,107,239.95 from ¥1,248,790,142.92, a growth of 12.3%[27] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 43.22 billion, an increase of 1.97% compared to the end of the previous year[6] - The company's total assets decreased by 43.63% in interbank deposits, from ¥3,396,239,105.32 to ¥1,914,497,352.01 due to project investments and repayment of bank loans[11] - The total liabilities of the company stood at CNY 22.06 billion, compared to CNY 21.86 billion in the previous year, representing an increase of about 0.9%[22] - The company's equity attributable to shareholders increased to CNY 17.73 billion from CNY 17.14 billion, marking a growth of approximately 3.5%[23] - The total non-current assets reached CNY 33.30 billion, up from CNY 32.40 billion, indicating a growth of about 2.8%[21] - The total liabilities amounted to CNY 21,855,786,077.44, with current liabilities at CNY 8,028,054,526.99 and non-current liabilities at CNY 13,827,731,550.45[42] - The total current liabilities include short-term borrowings of CNY 2,302,531,069.47 and accounts payable of CNY 2,659,097.07[45] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 2.34 billion, a decrease of 8.42% compared to the previous year[6] - The cash flow from financing activities showed a net outflow of ¥1,671,134,133.06, compared to a net inflow of ¥823,745,922.60 in the previous year, reflecting a reduction in interest-bearing debt[14] - The company's cash and cash equivalents decreased by 40.98%, from ¥5,229,152,006.67 to ¥3,086,123,443.75, due to reduced initial cash balance and decreased cash flow[14] - The cash flow from operating activities was significantly impacted by increased payments to employees, which rose to 63,346,665.83 CNY from 55,719,933.05 CNY, an increase of about 14%[37] - The cash inflow from operating activities totaled CNY 25,994,452,214.63 in Q3 2020, compared to CNY 24,376,809,588.94 in Q3 2019[35] - The net cash flow from financing activities was -1,671,134,133.06 CNY, compared to -823,745,922.60 CNY in the previous year, indicating a decline of approximately 103% year-over-year[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,503[8] - The largest shareholder, Guangzhou State-owned Assets Development Holdings Co., Ltd., held 62.69% of the shares[8] - As of July 24, 2020, the company had repurchased 63,880,274 shares, accounting for 2.34% of the total share capital, with a total transaction amount of RMB 401.8 million (excluding transaction fees)[10] Government Support and Investments - The company received government subsidies amounting to CNY 26.39 million during the reporting period[7] - The company plans to invest approximately RMB 1.267 billion in the construction of an emergency peak-shaving gas source station and supporting pipeline project, with RMB 354 million funded from its own resources[17] - The company’s wholly-owned subsidiary acquired a 25% stake in Guangzhou Dongfang Electric Co., Ltd. for RMB 280 million[11] Research and Development - Research and development expenses increased to ¥135.41 million in Q3 2020, up from ¥119.20 million in Q3 2019, reflecting a growth of 13.5%[30] - Research and development expenses increased to CNY 1,042,785.02 in Q3 2020, up 142.5% from CNY 429,899.34 in Q3 2019[32] Revenue and Costs - Total operating revenue for Q3 2020 was ¥8,732,351,531.57, an increase of 3.1% compared to ¥8,472,017,631.04 in Q3 2019[28] - Total operating costs for Q3 2020 were ¥8,226,465,170.45, which is a 1.5% increase from ¥8,106,121,702.22 in Q3 2019[28] - The total revenue for the first nine months of 2020 reached ¥1,000.64 million, compared to ¥793.78 million in the same period of 2019, indicating a year-over-year increase of 26.1%[30] Financial Ratios and Metrics - The company's total comprehensive income for Q3 2020 was ¥475.16 million, compared to ¥342.52 million in Q3 2019, reflecting a growth of 38.7%[31] - The basic earnings per share for Q3 2020 was ¥0.1158, compared to ¥0.0849 in Q3 2019, marking a rise of 36.5%[31] - The total equity increased slightly to ¥11,829,812,726.23 from ¥11,816,532,535.30, reflecting a marginal growth of 0.1%[27]