XCEP(SH:600505)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 313,768,153.91, representing an increase of 11.66% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 28.27% to CNY 43,754,596.14, while the net profit after deducting non-recurring gains and losses was CNY 44,913,599.09, down 26.14%[5]. - Basic and diluted earnings per share were both CNY 0.1200, reflecting a decrease of 28.27% year-on-year[6]. - Total operating revenue for the first three quarters of 2021 reached CNY 815,791,607.54, an increase of 16.1% compared to CNY 702,369,141.80 in the same period of 2020[23]. - Net profit for the third quarter of 2021 was CNY 43,463,434.95, representing a 31.9% increase from CNY 32,943,189.04 in the same quarter of 2020[24]. - The total comprehensive income for Q3 2021 was ¥43,463,434.95, compared to ¥32,943,189.04 in Q3 2020, indicating a year-over-year increase of about 32%[25]. - Basic and diluted earnings per share for Q3 2021 were both ¥0.1123, up from ¥0.0725 in Q3 2020, reflecting a growth of approximately 55%[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,325,702,675.66, an increase of 8.65% from the end of the previous year[6]. - Total assets as of September 30, 2021, amounted to CNY 4,325,702,675.66, compared to CNY 3,981,136,916.57 at the end of 2020, reflecting a growth of 8.6%[20]. - Total liabilities increased to CNY 2,850,851,853.61 as of September 30, 2021, from CNY 2,538,898,497.78 at the end of 2020, marking a rise of 12.3%[21]. - Shareholders' equity totaled $1,442,238,418.79, with equity attributable to the parent company at $1,194,765,792.77[33]. - The total liabilities to equity ratio stands at approximately 1.76, indicating a leveraged position[32][33]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 135,364,693.02, showing a decrease of 3.59% compared to the same period last year[5]. - Cash inflows from operating activities for the first three quarters of 2021 totaled ¥922,469,756.17, compared to ¥807,644,844.76 in the same period of 2020, marking an increase of about 14%[27]. - The net cash flow from operating activities for the first three quarters of 2021 was ¥135,364,693.02, slightly down from ¥140,402,545.50 in the same period of 2020, a decrease of about 4%[27]. - The net cash flow from investing activities for the first three quarters of 2021 was -¥387,583,036.81, worsening from -¥290,770,022.42 in the same period of 2020[28]. - The net cash flow from financing activities for the first three quarters of 2021 was ¥186,379,327.14, an increase from ¥100,902,359.23 in the same period of 2020, representing an increase of approximately 84%[28]. Shareholder Structure - The number of ordinary shareholders at the end of the reporting period was 28,181[10]. - The largest shareholder, State Grid Sichuan Electric Power Company, held 20.15% of the shares, totaling 73,449,220 shares[11]. - Sichuan Water Investment Group holds 66,770,883 shares, indicating strong institutional support[12]. - The top ten shareholders include Liangshan Development (Holding) Group with 61,578,420 shares, reflecting a concentrated ownership structure[12]. - The company has a total of 12,770,883 shares held through ordinary accounts and 54,000,000 shares through credit securities accounts by Sichuan Water Investment Group[13]. - Liangshan Development (Holding) Group holds 25,327,900 shares through ordinary accounts and 36,250,520 shares through credit securities accounts, showcasing their investment strategy[13]. Legal Matters - The company is involved in a legal dispute regarding the return of 50 million shares of Huaxi Securities, which may impact future profits[14]. - The company has filed an appeal against the Sichuan High Court's ruling, seeking the return of the aforementioned shares and associated benefits[15]. - There is an ongoing uncertainty regarding the impact of the legal case on the company's financial performance, which investors should monitor closely[15]. Operational Insights - The company experienced a significant increase in accounts receivable by 167.72%, primarily due to increased electricity fees and photovoltaic subsidies[9]. - The company reported a 40.35% increase in operating profit, attributed to a substantial growth in electricity sales volume and changes in electricity pricing policies[9]. - The company has not disclosed any new product developments or market expansion strategies in the current report[17]. - As of September 30, 2021, the company has not provided specific financial results in the available documents, indicating a need for further disclosures[17]. - The company did not report any net profit from subsidiaries prior to the merger in Q3 2021, consistent with the previous period[26].