TEC(SH:600780)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 234,704,954.69, an increase of 43.34% year-on-year[17]. - Operating revenue for the first nine months was CNY 4,932,628,180.90, reflecting a growth of 15.69% compared to the same period last year[17]. - Net cash flow from operating activities for the first nine months was CNY 889,309,941.47, up 31.55% year-on-year[17]. - Basic earnings per share increased to CNY 0.2047, representing a growth of 43.35% compared to the previous year[17]. - The weighted average return on net assets rose to 4.50%, an increase of 1.18 percentage points from the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 231,400,255.64, up 39.45% year-on-year[17]. - The company’s overall profitability improved due to increased electricity sales from large industrial users in the areas served by its subsidiary[28]. - The company reported a net profit increase, with retained earnings rising to ¥2,678,722,810.51 from ¥2,441,722,754.19, an increase of about 9.7%[42]. - The total profit for the first three quarters of 2019 was CNY 8,334,930.11 million, compared to CNY 5,862,950.56 million in the same period of 2018, indicating a year-on-year increase of about 42%[62]. - The company’s comprehensive income for Q3 2019 was CNY 1,021,354.85 million, compared to CNY 898,408.79 million in Q3 2018, reflecting an increase of about 13.7%[64]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,820,597,136.30, a decrease of 1.29% compared to the end of the previous year[17]. - Total current assets as of September 30, 2019, were RMB 2,290,534,523.73, down from RMB 2,522,457,020.80 at the end of 2018[36]. - Current liabilities totaled ¥2,722,325,959.11, down from ¥3,165,309,389.75, representing a decrease of about 14%[42]. - Total liabilities decreased to ¥6,505,315,349.25 from ¥6,896,634,300.01, a reduction of around 5.7%[42]. - Total assets decreased to ¥11,820,597,136.30 from ¥11,975,078,822.90, a decline of approximately 1.3%[42]. - Long-term borrowings increased to ¥3,049,060,000.00 from ¥2,849,060,000.00, an increase of approximately 7%[42]. - The total current assets amounted to ¥47,934,035.52, slightly down from ¥48,492,247.64, a decrease of about 1.1%[46]. - Total liabilities amounted to approximately ¥6.90 billion, with current liabilities totaling ¥3.17 billion[80]. - Non-current liabilities reached approximately ¥3.73 billion, including long-term borrowings of ¥2.85 billion[80]. Shareholder Information - The total number of shareholders at the end of the reporting period was 43,407[24]. - The largest shareholder, Shanxi International Power Group Co., Ltd., held 657,313,245 shares, accounting for 57.33% of the total shares[24]. - Shareholders' equity increased to ¥5,315,281,787.05 from ¥5,078,444,522.89, reflecting an increase of about 4.7%[42]. - Total equity attributable to shareholders was approximately ¥5.10 billion, with retained earnings of approximately ¥2.44 billion[82]. Cash Flow and Investments - Cash and cash equivalents as of September 30, 2019, amounted to RMB 1,702,255,622.25, a decrease from RMB 1,883,929,288.56 at the end of 2018[36]. - Cash inflow from operating activities totaled CNY 5,618,743,752.04 million in 2019, compared to CNY 4,936,303,339.08 million in 2018, indicating a growth of approximately 13.9%[68]. - The cash received from investment activities decreased compared to the previous year, primarily due to a reduction in the amount converted from fixed deposits to current accounts by a subsidiary[28]. - Cash inflow from investment activities was ¥208,895.70, significantly lower than ¥7.64 million in the previous year, indicating a decrease of 97.26%[71]. - Cash outflow for investment activities totaled ¥98,385.50, compared to ¥65 million in the previous year, reflecting an increase of 51.25%[74]. Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 2,865,084.15[21]. - Accounts receivable decreased primarily due to the collection of electricity fees by Shanxi Sunshine Power Co., Ltd.[28]. - The company plans to contribute RMB 55,100,000 to the second phase of capital for Sujin Energy Holdings Co., Ltd., with the equity valued at RMB 60,726,960[29]. - Research and development expenses for Q3 2019 were ¥265,300.00, a decrease of 34.5% from ¥405,243.66 in Q3 2018[52]. - The company reported investment income of ¥2,796,896.91 in Q3 2019, up from ¥2,352,313.00 in Q3 2018[56]. - The company’s financial expenses showed a reduction, with interest expenses decreasing from CNY 138,964.65 million in 2018 to CNY 33,511.01 million in 2019 for the first three quarters[62].