桂冠电力(600236) - 2019 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 1.97 billion, down 2.24% year-on-year[5]. - Operating revenue for the first nine months was CNY 7.17 billion, an increase of 0.09% compared to the same period last year[5]. - Basic earnings per share for the reporting period was CNY 0.25, a decrease of 3.85% compared to the previous year[6]. - The weighted average return on net assets was 13.52%, a decrease of 0.38 percentage points from the previous year[6]. - The net profit after deducting non-recurring gains and losses was CNY 1.99 billion, down 4.79% year-on-year[5]. - Total operating revenue for Q3 2019 was CNY 2,452,814,632.61, a slight increase from CNY 2,409,888,627.53 in Q3 2018, representing a growth of approximately 1.8%[23]. - Net profit attributable to shareholders of the parent company for Q3 2019 was CNY 740,547,370.33, a decrease from CNY 745,313,130.29 in Q3 2018, reflecting a decline of approximately 0.2%[25]. - Total profit for Q3 2019 was CNY 839,986,913.27, compared to CNY 861,039,663 in Q3 2018, showing a decrease of about 2.5%[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 44.77 billion, a decrease of 2.57% compared to the end of the previous year[5]. - Total liabilities decreased from CNY 29.35 billion to CNY 27.84 billion, a reduction of approximately 5.14%[19]. - Current assets increased from CNY 2.99 billion to CNY 3.05 billion, reflecting a growth of about 1.92%[20]. - Long-term borrowings rose from CNY 3.97 billion to CNY 4.30 billion, an increase of approximately 8.29%[21]. - Total equity increased from CNY 16.60 billion to CNY 16.93 billion, representing a growth of about 2.00%[19]. - Total assets amounted to approximately RMB 44.77 billion as of September 30, 2019, down from RMB 45.95 billion at the end of 2018[18]. - Total liabilities amounted to approximately ¥29.35 billion, with current liabilities at ¥9.67 billion and non-current liabilities at ¥19.68 billion[38]. - The company's total equity reached approximately ¥16.60 billion, with attributable equity to shareholders at ¥14.08 billion[39]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY 4.80 billion, a decrease of 6.56% year-on-year[5]. - The company reported a net cash flow from operating activities of ¥4,802,327,415.78 for the first three quarters of 2019, down from ¥5,139,277,648.20 in the same period of 2018[31]. - The cash flow from operating activities was significantly impacted by a decrease in cash received from other operating activities, which fell to ¥1,364,288,190.33 from ¥2,974,035,672.40[33]. - The total cash inflow from financing activities was ¥5,020,000,000.00, with cash outflow amounting to ¥7,123,407,701.46, leading to a net cash flow of -¥2,103,407,701.46[35]. - The net cash flow from financing activities was -2,103,407,701.46 RMB, contrasting with a positive cash flow of 1,155,260,104.63 RMB in the previous year[80]. Shareholder Information - The total number of shareholders at the end of the reporting period was 60,514[9]. - The largest shareholder, China Datang Corporation, held 51.55% of the shares[10]. - The company implemented a cash dividend distribution of CNY 0.25 per share on July 9, 2019, increasing the total share capital from 6.06 billion to 7.88 billion shares[6]. - Total shareholders reached 60,514, with the largest shareholder being China Datang Group holding 4,063,487,233 shares, accounting for 51.55%[55]. Inventory and Receivables - Accounts receivable decreased by 33.67% year-on-year, primarily due to the settlement of matured bills[13]. - Prepayments increased by 76.99% year-on-year, mainly due to increased coal prepayments by the subsidiary[13]. - Inventory rose by 92.34% year-on-year, attributed to increased coal pre-purchases by the subsidiary[13]. - Accounts receivable increased from CNY 12.72 million to CNY 16.19 million, reflecting a growth of approximately 27.00%[20]. Expenses and Financial Metrics - Interest payable increased by 51.04% year-on-year, due to annual bond interest settlements[14]. - Dividends payable surged by 7924.59% year-on-year, as the company has outstanding unpaid dividend amounts[14]. - Tax and additional charges decreased by 15.60% year-on-year, mainly due to a reduction in VAT rates[14]. - Financial expenses for Q3 2019 were ¥96,121,977.97, an increase of 49.2% from ¥64,419,548.72 in Q3 2018[27]. - Research and development expenses for Q3 2019 were CNY 12,005.00, significantly higher than CNY 3,600.00 in Q3 2018, marking an increase of over 233%[72].