DTPC(SH:600719)2021-10-27 16:00Financial Performance - The company's operating revenue for the third quarter was CNY 1,099,920.40, a decrease of 20.99% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 49,912,118.26, down 17.29% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 36.51% year-on-year, amounting to a loss of CNY 50,024,423.01[5] - Basic earnings per share were CNY -0.123, a decrease of 32.47% year-on-year[5] - The total net profit for Q3 2021 was -41,390,918.43 RMB, compared to -31,064,553.15 RMB in Q3 2020, representing a year-over-year increase in net loss of approximately 33.5%[20] - The basic and diluted earnings per share for Q3 2021 were both -0.102 RMB, compared to -0.077 RMB in Q3 2020, indicating a decline in earnings per share[21] - The company reported a total comprehensive income of -41,390,918.43 RMB for Q3 2021, compared to -31,064,553.15 RMB in Q3 2020, indicating a worsening financial performance[21] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -292,314,069.98, a decline of 58.38% compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2021 was -292,314,069.98 RMB, compared to -184,567,668.49 RMB in the same period of 2020, reflecting a worsening cash flow situation[23] - The total cash inflow from financing activities in Q3 2021 was 775,600,000.00 RMB, down from 1,254,000,000.00 RMB in Q3 2020, showing a decrease of approximately 38%[23] - The net cash flow from financing activities for Q3 2021 was 181,722,114.59 RMB, compared to 562,832,959.18 RMB in Q3 2020, indicating a significant decline of about 67.7%[23] - The total cash and cash equivalents at the end of Q3 2021 were 252,846,681.40 RMB, down from 402,885,005.99 RMB at the end of Q3 2020, a decrease of approximately 37%[23] - The total operating cash inflow for the first three quarters of 2021 was 218,995,460.14 RMB, compared to 328,839,651.12 RMB in the same period of 2020, reflecting a decline of about 33.4%[22] - The total cash outflow from operating activities for the first three quarters of 2021 was 511,309,530.12 RMB, slightly down from 513,407,319.61 RMB in the same period of 2020[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,731,547,218.91, an increase of 0.78% from the end of the previous year[6] - The equity attributable to shareholders decreased by 6.00% to CNY 698,986,909.77 compared to the end of the previous year[6] - Total liabilities increased to CNY 2,032,560,309.14 from CNY 1,966,771,605.51, indicating a rise in financial obligations[16] - Current liabilities decreased to CNY 797,492,810.68 from CNY 1,078,687,575.04, suggesting improved short-term financial management[15] - Long-term borrowings rose significantly to CNY 1,198,600,000.00 from CNY 868,600,000.00, reflecting increased leverage[16] - Current assets totaled CNY 971,584,221.94 as of September 30, 2021, slightly up from CNY 971,341,332.76 at the end of 2020[14] - Non-current assets amounted to CNY 1,759,962,996.97, an increase from CNY 1,739,044,897.75 in the previous year[15] - Total assets reached CNY 2,731,547,218.91, compared to CNY 2,710,386,230.51 at the end of 2020, showing a growth in overall asset base[16] Operational Strategy and Maintenance - The company implemented a "production on demand" operational strategy to optimize economic performance during the reporting period[11] - Both the Beihai and Donghai power plants underwent full maintenance and inspection during the reporting period[12] Credit Quality - The company reported a net credit impairment loss of CNY 738,181.19, contrasting with a gain of CNY 89,936.34 in the previous year, indicating a deterioration in credit quality[19] Accounting Standards - The company has not applied the new leasing standards starting from 2021, indicating a potential area for future financial reporting adjustments[24]