涪陵电力(600452) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for the first three quarters of 2023 was CNY 2,736,123,286.65, slightly down from CNY 2,740,152,375.68 in the same period of 2022[12] - Operating costs increased to CNY 2,104,131,185.81, compared to CNY 2,023,715,122.08 in the previous year, reflecting a rise of 4.0%[12] - The company's operating profit for the third quarter of 2023 was approximately ¥542.56 million, a decrease of 18.4% compared to ¥664.73 million in the same period last year[13] - Net profit attributable to shareholders was approximately ¥187.75 million, down 13.13% from ¥216.12 million year-over-year[27] - Cash flow from operating activities for the first three quarters of 2023 was approximately ¥641.35 million, down from ¥759.80 million in the previous year[17] - Net profit attributable to shareholders decreased by 9.84% to CNY 187,197,982.06 compared to the previous period[29] - Basic and diluted earnings per share were CNY 0.17, down 15.00% from CNY 0.20 in the previous period[29] - The company’s basic earnings per share for the third quarter were ¥0.41, down from ¥0.57 in the same period last year[13] Assets and Liabilities - As of September 30, 2023, the company's total assets amounted to CNY 6,922,608,659.55, a decrease from CNY 6,985,501,411.99 at the end of 2022[10] - The total liabilities decreased to CNY 2,001,899,269.14 from CNY 2,379,952,361.57, indicating a reduction of 15.9%[10] - The owner's equity increased to CNY 4,920,709,390.41, up from CNY 4,605,549,050.42, showing a growth of 6.8%[12] - The total number of shares increased by 20.00% to 1,097,529,753 shares following a stock dividend distribution[29] - The total liabilities decreased by 100.00 million as a result of reduced bank loans[36] Cash Flow and Investments - The company reported a net cash outflow from investing activities of approximately ¥344.56 million, compared to a net outflow of ¥289.03 million in the same period last year[17] - The cash and cash equivalents at the end of the period were approximately ¥2.05 billion, a decrease from ¥2.21 billion at the beginning of the period[19] - The company’s total liabilities increased, leading to a net cash outflow from financing activities of approximately ¥461.88 million[17] - The net cash flow from financing activities was 1,267.56 million, mainly due to a reduction in bank loans[36] Accounts Receivable and Inventory - The accounts receivable increased significantly to CNY 1,426,431,386.74, up from CNY 872,688,252.45, representing a growth of 63.4%[6] - Accounts receivable increased by 63.45% primarily due to an increase in energy efficiency payments not yet settled[32] - Prepayments increased by 5848.70% mainly due to an increase in project engineering payments[32] - Inventory increased by 132.71% primarily due to an increase in project reserve materials[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 23,164[37] - The largest shareholder, Chongqing Chuandong Power Group Co., Ltd., holds 457,101,474 shares, accounting for 41.65% of the total shares[37] Other Financial Metrics - Weighted average return on equity decreased by 0.89 percentage points to 3.90% compared to the previous year[29] - Non-recurring gains and losses amounted to CNY 6,864,022.94, with a tax impact of CNY 96,891.39[30] - The company recorded a credit impairment loss of 309.50 million, primarily due to an increase in accounts receivable[36] - The company experienced a decrease in investment income of 60.00 million due to the production line shutdown of an associated company[36] - The company reported an increase in tax expenses of 89.49 million due to the gradual expiration of project tax exemptions[36] - The cash paid for various taxes increased by 59.03 million, reflecting higher corporate income tax payments[36] - The company’s other income decreased by 72.58 million due to non-compliance with input tax deduction policies[36] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[20]