XCEP(SH:600505)2019-10-29 16:00Financial Performance - Operating revenue decreased by 0.89% to CNY 691,723,418.92 compared to the same period last year[8] - Net profit attributable to shareholders decreased by 11.98% to CNY 42,173,718.85 compared to the same period last year[8] - Basic earnings per share decreased by 11.95% to CNY 0.1157 compared to the same period last year[8] - The weighted average return on net assets decreased by 0.69 percentage points to 3.72%[8] - The total revenue for Q3 2019 was RMB 250,835,084.33, a decrease of 3.0% from RMB 259,586,954.48 in Q3 2018[26] - The total operating costs for Q3 2019 were RMB 200,752,892.40, down from RMB 212,272,589.52 in Q3 2018, reflecting a decrease of about 5.3%[26] - The net profit for the first three quarters of 2019 was RMB 652,221,667.43, compared to RMB 619,209,583.53 in the same period of 2018, showing an increase of approximately 5.33%[26] - The company's total profit for the first three quarters of 2019 was CNY 59,750,957.54, compared to CNY 63,310,020.46 in the previous year, indicating a decline of 5.5%[37] Assets and Liabilities - Total assets increased by 8.24% to CNY 3,284,810,739.18 compared to the end of the previous year[7] - Total liabilities were CNY 1,897,005,830.27, an increase from CNY 1,712,769,841.79 in the previous year[22] - Current assets totaled CNY 630,405,983.70, compared to CNY 614,851,667.82 as of the same date last year, reflecting a slight increase[21] - Non-current assets reached CNY 2,654,404,755.48, up from CNY 2,419,960,380.67 year-over-year[21] - The company's equity totaled CNY 1,387,804,908.91, compared to CNY 1,322,042,206.70 as of September 30, 2018, indicating growth in shareholder equity[22] - The total equity attributable to shareholders was RMB 1,260,808,959.46, compared to RMB 1,185,618,515.56, representing a growth of approximately 6.35%[26] - Total liabilities reached RMB 875,155,977.83, up from RMB 829,965,450.11, indicating an increase of about 5.45%[25] Cash Flow - Cash flow from operating activities increased by 12.48% to CNY 131,332,634.14 for the period from January to September[7] - Net cash flow from operating activities increased by 12.48% to ¥131,332,634.14, primarily due to increased revenue from electricity operations[15] - Net cash flow from financing activities decreased by 63.74% to ¥107,743,014.96, mainly due to a reduction in bank loan receipts compared to the same period last year[15] - The cash flow from operating activities for the first three quarters of 2019 was CNY 763,743,471.34, an increase of 10.4% from CNY 692,068,206.89 in the same period of 2018[40] - Cash inflow from operating activities for the first nine months of 2019 totaled CNY 761,878,281.07, compared to CNY 733,823,663.77 in the same period of 2018, marking an increase of about 3.8%[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,587[11] - The largest shareholder, State Grid Sichuan Electric Power Company, holds 20.15% of the shares[11] Other Financial Information - The company reported a non-operating income of CNY 1,253,698.59 related to government subsidies[9] - Accounts receivable increased by 31.16% to ¥94,201,988.47 compared to the beginning of the year, mainly due to an increase in photovoltaic subsidies and electricity receivables[13] - Prepayments rose by 63.37% to ¥158,501,821.79, primarily due to increased advance payments for engineering and materials[13] - Other receivables increased by 55.44% to ¥17,058,311.98, mainly due to temporary litigation fees and project deposits[13] - Construction in progress increased by 39.02% to ¥940,234,707.51, driven by investments in hydropower station projects and grid projects[13] - The company reported a 100% decrease in investment income, primarily due to a significant reduction in the shareholding ratio in a subsidiary, resulting in no investment income being recognized[14] - Other current liabilities decreased by 41.59% to ¥6,146,356.70, mainly due to a reduction in pending tax credits[14] Legal Matters - The company is currently involved in a lawsuit regarding a stock transfer dispute, which is in a suspended state, creating uncertainty regarding its impact on profits[16] - The company will continue to monitor and announce updates on the litigation progress to inform investors of potential risks[16]