TGWC(SH:600116)2020-10-22 16:00Financial Performance - Net profit attributable to shareholders was ¥384,084,796.45, representing a growth of 126.31% year-on-year[17]. - Operating revenue for the first nine months was ¥2,844,222,229.98, up 238.57% from the same period last year[17]. - Basic earnings per share rose by 64.71% to ¥0.28[17]. - The company reported a net profit of ¥1,401,264,410.35, up from ¥1,116,480,164.10, which is an increase of about 25%[59]. - Total operating revenue for Q3 2020 reached ¥1,783,860,205.86, a significant increase from ¥308,976,341.83 in Q3 2019[70]. - Net profit for Q3 2020 was ¥191,759,519.12, up from ¥58,024,718.69 in Q3 2019, reflecting strong growth[74]. - The company achieved investment income of ¥11,047,755.65 in Q3 2020, compared to ¥3,237,965.14 in Q3 2019, showcasing improved performance in this area[74]. Assets and Liabilities - Total assets reached ¥19,057,926,458.62, an increase of 270.64% compared to the previous year[17]. - The company's total assets as of September 30, 2020, were CNY 19.06 billion, compared to CNY 5.14 billion at the end of 2019, reflecting a substantial increase of 270.5%[57]. - Total liabilities increased to ¥8,782,944,989.38 from ¥2,153,692,175.93, representing a significant growth of approximately 308% year-over-year[59]. - Total equity attributable to shareholders rose to ¥9,999,636,732.77 from ¥3,056,203,685.29, marking an increase of about 227%[59]. - The total current assets reached CNY 3.54 billion, significantly up from CNY 853.51 million in the previous year, indicating a growth of 314.5%[53]. - The company has a total of CNY 5.94 billion in current liabilities, which is a substantial increase from CNY 860.71 million in the previous year, reflecting a growth of 590.5%[57]. Cash Flow - The net cash flow from operating activities decreased by 8.59% to ¥194,646,227.96 compared to the previous year[17]. - Net cash flow from financing activities was $100.84 million, a significant increase from a net outflow of $188.37 million in the same quarter last year, representing a 153.54% change[32]. - Cash inflow from financing activities was CNY 1,776,304,994.77, with a net cash flow of CNY 100,842,188.63, compared to a net outflow of CNY -188,365,690.02 last year[91]. - Total cash inflow from operating activities amounted to CNY 2,939,762,553.62, compared to CNY 1,157,353,216.34 last year, indicating a significant increase[89]. Investments and Acquisitions - The company completed a major asset restructuring in May 2020, acquiring controlling stakes in Chongqing United Energy and 100% of Chongqing Liangjiang Changxing Power[19]. - The company has committed to invest CNY 1.11 billion in the Wanzhou thermal power project, with the project company officially registered and operational[5]. - The company acquired a 5% stake in Guizhou Qianyuan Electric Power Co., Ltd. through a block trade, enhancing its investment portfolio[44]. Shareholder Information - The total number of shareholders at the end of the reporting period was 40,814[20]. - The top ten shareholders held a combined 56.63% of the company's shares[20]. Research and Development - Research and development expenses for Q3 2020 were ¥101,356,375.99, significantly higher than ¥27,482,197.46 in Q3 2019, indicating increased investment in innovation[70]. - Research and development expenses for the first three quarters of 2020 were CNY 49,646,234.91, compared to CNY 32,973,583.96 in the same period of 2019, showing an increase of 50.5%[79]. Financial Outlook - The financial outlook for the next quarter remains optimistic, with expectations for continued revenue growth and profitability[72]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[72].