GDG(SH:600098)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥10,262,521,418.87, representing a year-on-year increase of 17.67%[4] - The net profit attributable to shareholders for Q3 2021 was ¥79,427,491.17, showing a significant decrease of 74.44% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥77,181,212.66, down 74.57% year-on-year[4] - The basic earnings per share for the year-to-date period was ¥0.0297, a decrease of 74.35% compared to the previous year[4] - The net profit for Q3 2021 was approximately 734.99 million, a decrease from 1,000.64 million in Q3 2020, representing a decline of about 26.5%[27] - The company reported a total comprehensive income of approximately 964.34 million for Q3 2021, compared to 1,002.37 million in Q3 2020, showing a slight decline of about 3.8%[27] - The total profit margin for Q3 2021 was approximately 636.16 million, compared to 1.21 billion in Q3 2020, indicating a decline of about 47.5%[27] Assets and Liabilities - The total assets at the end of the reporting period reached ¥50,356,331,875.06, an increase of 16.03% compared to the end of the previous year[5] - The total assets as of the end of the third quarter of 2021 were ¥50,356,331,875.06, compared to ¥43,400,669,145.60 at the end of the same period in 2020, marking an increase of about 15.5%[25] - Total liabilities reached ¥28,587,820,267.64 in 2021, up from ¥22,348,226,394.02 in 2020, which is an increase of approximately 28.5%[25] - Total current assets amounted to RMB 9,550,325,283.86 as of Q3 2021[31] - Total non-current assets reached RMB 33,850,343,861.74, showing a slight decrease of RMB 40,335,891.61 compared to the previous period[31] - Total liabilities stood at RMB 22,348,226,394.02, with a slight increase of RMB 40,335,891.61 from the previous period[33] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥800,977,152.65, down 65.73% year-on-year[4] - The net cash flow from operating activities for Q3 2021 was approximately 800.98 million, down from 2.34 billion in Q3 2020, reflecting a decrease of about 65.7%[28] - The company generated approximately 2.71 billion in cash inflow from investment activities in the first three quarters of 2021, compared to 706.54 million in the same period of 2020, marking an increase of about 283.5%[28] - The net cash outflow from investment activities for Q3 2021 was approximately 2.87 billion, compared to a net outflow of 1.94 billion in Q3 2020, indicating a worsening of about 48.5%[29] - Cash and cash equivalents at the end of Q3 2021 were approximately 2.61 billion, down from 3.09 billion at the end of Q3 2020, a decrease of about 15.3%[29] Sales and Production - The company experienced a significant increase in sales volume and price for thermal power and natural gas, contributing to a 23.63% increase in operating revenue year-to-date[7] - In the first nine months of 2021, the company achieved a power generation of 16.6 billion kWh, a year-on-year increase of 34%, with thermal power generation at 14.6 billion kWh (up 27%) and renewable energy generation at 2 billion kWh (up 131%) [13] - The company served over 2 million natural gas users in Guangzhou, achieving a natural gas sales volume of 1.7 billion cubic meters, a year-on-year increase of 12.35% [13] - The company sold approximately 21.2 million tons of market coal in the first nine months of 2021 and imported about 4 million tons of coal [14] Research and Development - Research and development expenses increased to ¥346,585,651.21 in 2021 from ¥297,703,357.19 in 2020, reflecting a growth of approximately 16.4%[26] - The company applied for over 90 new patents and received 90 new patent authorizations in the first nine months of 2021, totaling approximately 450 valid patents [19] Corporate Actions - The company successfully issued 2.5 billion yuan in corporate bonds and 2.5 billion yuan in short-term financing notes, with interest rates at the optimal level for similar instruments [14] - The company plans to raise no more than 5.627 billion yuan through a non-public offering of A-shares to support urban gas, comprehensive energy services, and renewable energy projects [17] - The company has implemented a stock incentive plan, granting 27,259,986 shares to 197 core employees to enhance team cohesion and competitiveness [16] Safety and Compliance - The company has maintained a continuous safe production record of 4,850 days as of September 30, 2021, with no major safety incidents reported [20] Equity and Goodwill - The equity attributable to shareholders increased to ¥18,598,707,412.10, reflecting a growth of 3.56% year-on-year[5] - The company's goodwill increased to ¥1,256,712,103.22 from ¥495,143,056.80, reflecting a growth of approximately 153.5%[24] - The company's total equity was RMB 21,052,442,751.58, indicating stability in shareholder equity[34]