GGEP(SH:600236)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥2,998,397,729.18, representing a year-on-year increase of 45.27%[4] - The net profit attributable to shareholders for Q3 2022 was ¥1,313,432,025.15, a significant increase of 302.36% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥1,290,664,523.76, reflecting a year-on-year increase of 285.50%[4] - The basic earnings per share for Q3 2022 was ¥0.1640, up 319.44% year-on-year[5] - The diluted earnings per share for Q3 2022 was also ¥0.1640, consistent with the basic earnings per share due to no potential ordinary shares[5] - The weighted average return on equity for Q3 2022 was 8.16%, an increase of 6.35 percentage points compared to the previous year[5] - Operating profit for Q3 2022 was ¥4,271,774,967.18, compared to ¥2,149,446,055.89 in Q3 2021, indicating an increase of about 98.8%[18] - Net profit attributable to shareholders of the parent company for Q3 2022 was ¥3,217,379,528.06, up from ¥1,562,896,260.11 in Q3 2021, reflecting a growth of approximately 105.5%[18] - The total comprehensive income for Q3 2022 was ¥3,689,009,271.36, significantly higher than ¥1,824,071,195.03 in Q3 2021, indicating strong overall performance[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥43,660,950,702.23, a decrease of 1.77% compared to the end of the previous year[5] - The total liabilities decreased from ¥24,753,197,671.16 in the previous year to ¥21,738,164,418.19 in the current year, a reduction of about 12.2%[16] - The total equity attributable to shareholders of the parent company increased to ¥18,815,358,426.74 from ¥16,789,433,200.47, marking a growth of approximately 12.1%[16] - The company's total assets as of September 30, 2022, amount to 43,660,950,702.23 RMB, a decrease from 44,447,210,027.31 RMB at the end of 2021[14] - The total liabilities increased to ¥9,735,832,382.62 in Q3 2022, up from ¥8,581,774,294.92 in Q3 2021, reflecting a growth of 13.5%[26] - The total equity decreased to ¥22,052,090,005.04 in Q3 2022 from ¥22,192,808,846.82 in Q3 2021, indicating a decline of 0.6%[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥5,979,082,458.03, reflecting a year-on-year increase of 46.65%[5] - Total cash inflow from operating activities reached ¥10,063,800,038.38, up from ¥7,646,760,470.15, reflecting a growth of 31.6% year-over-year[21] - Cash outflow from operating activities totaled ¥4,084,717,580.35, compared to ¥3,569,659,119.61 in the previous year, marking an increase of 14.5%[21] - The company reported a net cash flow from investing activities of -¥1,902,197,075.78, worsening from -¥1,007,944,699.32 in the same period last year[22] - The net cash flow from financing activities was -¥4,857,398,740.28, compared to -¥3,126,815,962.11 in the same period last year, reflecting a decline of 55.4%[22] - The cash flow from operating activities showed a net outflow of ¥322,585,713.35 in the first three quarters of 2022, compared to a net inflow of ¥223,869,749.01 in the same period of 2021[29] Shareholder Information - Total number of common shareholders at the end of the reporting period is 45,127[10] - The largest shareholder, China Datang Corporation, holds 4,063,487,233 shares, accounting for 51.55% of total shares[10] - The company has no significant related party transactions among the top ten shareholders[11] - There are no significant financing or margin trading activities reported among the top ten shareholders[11] Revenue Drivers - The company reported a significant increase in electricity generation and average on-grid electricity prices, contributing to the revenue growth[9] - The increase in operating revenue and net profit was attributed to higher electricity generation and average on-grid electricity prices compared to the previous year[39] - The company reported a net profit margin improvement due to increased contributions from hydropower and wind power generation, while thermal power generation saw a decrease[39] Research and Development - Research and development expenses for the first three quarters of 2022 were not detailed, but management expenses decreased slightly from ¥230,923,955.89 to ¥226,700,221.20[17] - The company has not reported any new product or technology developments in this quarter[42] - The company has not disclosed any new product launches or market expansion strategies in the current report, which may be relevant for future growth prospects[47]