GGEP(SH:600236)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,942,093,245.57, a decrease of 35.23% year-on-year[5] - The net profit attributable to shareholders for Q3 2023 was CNY 223,780,970.42, down 82.96% compared to the same period last year[5] - The basic earnings per share for Q3 2023 was CNY 0.0256, reflecting a decline of 84.39% year-on-year[6] - The net profit attributable to shareholders for the year-to-date period was CNY 1,137,015,230.70, a decrease of 64.66% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2023 reached CNY 8,618,108,167.37, compared to CNY 6,096,966,522.51 in the same period of 2022, representing an increase of approximately 41.2%[19] - Net profit attributable to shareholders of the parent company for the first three quarters of 2023 was CNY 3,217,379,528.06, up from CNY 1,137,015,230.70 in the same period of 2022, reflecting a growth of about 183.5%[20] - Operating profit for the first three quarters of 2023 was CNY 4,271,774,967.18, compared to CNY 1,541,125,100.05 in the same period of 2022, marking an increase of approximately 177.5%[20] - The total comprehensive income for the first three quarters of 2023 was CNY 3,689,009,271.36, compared to CNY 1,326,582,474.04 in the same period of 2022, reflecting an increase of about 177.5%[21] - The company's total comprehensive income for the third quarter was CNY 1,648,634,899.11, compared to CNY 1,062,637,828.52 in the same quarter of the previous year, marking an increase of about 55%[32] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period decreased by 45.60%, totaling CNY 3,252,882,638.28[6] - Cash inflow from operating activities for the first three quarters of 2023 was approximately ¥6.86 billion, a decrease of 29.5% compared to ¥9.72 billion in the same period of 2022[23] - Net cash flow from operating activities in Q3 2023 was ¥3.25 billion, down 45.4% from ¥5.98 billion in Q3 2022[24] - The total assets at the end of the reporting period were CNY 46,019,728,242.49, an increase of 1.74% from the end of the previous year[6] - Total assets as of September 30, 2023, are ¥46,019,728,242.49, compared to ¥45,231,422,653.56 at the end of the previous year[16] - Total current assets as of September 30, 2023, amount to ¥3,447,183,200.92, an increase from ¥2,962,152,162.38 in the previous year[16] - Cash and cash equivalents increased to ¥859,347,802.68 from ¥597,211,096.66 year-over-year[15] - The cash and cash equivalents at the end of the period were CNY 29,869,000.63, down from CNY 35,481,730.98 at the end of the same period last year[33] Liabilities and Equity - Total liabilities as of the end of Q3 2023 amounted to CNY 24,142,989,158.78, an increase from CNY 23,251,180,221.34 at the end of Q3 2022, indicating a rise of approximately 3.8%[18] - The company's total equity as of Q3 2023 was CNY 21,876,739,083.71, slightly down from CNY 21,980,242,432.22 in Q3 2022, showing a decrease of about 0.5%[18] - The company's total non-current liabilities reached CNY 12,618,962,420.99, up from CNY 11,853,662,445.87 in the previous year, representing an increase of about 6.4%[18] - The total current liabilities as of Q3 2023 were CNY 11,524,026,737.79, slightly up from CNY 11,397,517,775.47 in Q3 2022, showing an increase of about 1.1%[18] - The total liabilities decreased from CNY 9,671,586,262.88 to CNY 7,021,806,866.76, indicating a reduction of approximately 27.4%[29] - The total equity increased from CNY 21,903,188,739.97 to CNY 22,461,289,353.22, reflecting a growth of about 2.5%[29] Shareholder Information - Total number of common shareholders at the end of the reporting period is 44,066[13] - The largest shareholder, China Datang Group Co., Ltd., holds 4,063,487,233 shares, accounting for 51.55% of total shares[13] Government Support and Investments - The company received government subsidies amounting to CNY 1,876,332.94 during the reporting period[8] - The company reported investment income of CNY 1,635,816,034.48 for the first three quarters of 2023, which is a substantial increase from CNY 921,514,493.37 in the previous year[30] - The company received cash from investment income of ¥57.79 million in Q3 2023, compared to ¥53.33 million in Q3 2022[24] Operational Challenges - The company reported a significant reduction in hydropower generation, which contributed to the decline in revenue and profit[10] - The company has not disclosed any significant new product developments or market expansion strategies in the current report[14]