TEC(SH:600780)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 2,607,345,987.36, a decrease of 7.07% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was CNY 143,181,255.89, down 43.92% year-on-year[4]. - The basic earnings per share for Q3 2023 was CNY 0.1249, reflecting a decline of 43.92% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2023 was CNY 8,092,681,468.33, a decrease of 1.13% compared to CNY 8,185,057,212.23 in the same period of 2022[16]. - Net profit for the third quarter of 2023 was CNY 538,410,415.54, down 24.3% from CNY 711,280,584.81 in the same quarter of 2022[17]. - Earnings per share (EPS) for the third quarter was CNY 0.4704, compared to CNY 0.6212 in the same period last year, reflecting a decline of 24.2%[18]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 10,024,765,876.98, a slight decrease of 0.07% from the end of the previous year[5]. - As of September 30, 2023, the total assets of Shanxi Tongbao Energy Co., Ltd. amounted to CNY 10,024,765,876.98, a slight decrease from CNY 10,031,576,285.44 at the end of 2022[12]. - The total liabilities amounted to CNY 2,844,020,613.97, while total equity was CNY 7,180,745,263.01 as of the end of the reporting period[14]. - The total current liabilities decreased to CNY 2,002,890,554.94 from CNY 2,939,998,782.82, indicating a reduction of approximately 31.9%[13]. - The company's long-term equity investments increased to CNY 943,348,778.11 from CNY 736,396,305.54, showing a growth of about 28.1%[13]. - The total liabilities of the company decreased, reflecting improved financial health and reduced leverage[13]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 854,277,577.89, down 16.79% year-on-year[4]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 9,401,154,943.79, an increase from CNY 8,181,217,836.40 in the same period of 2022[20]. - The net cash flow from operating activities for Q3 2023 was ¥854,277,577.89, a decrease of 16.8% compared to ¥1,026,648,943.86 in Q3 2022[21]. - Total cash inflow from operating activities amounted to ¥9,676,127,995.41, up from ¥8,505,456,890.77, reflecting a growth of 13.7% year-over-year[21]. - Cash outflow from operating activities was ¥8,821,850,417.52, an increase of 17.9% compared to ¥7,478,807,946.91 in the same period last year[21]. - The net cash flow from investing activities was -¥313,561,192.53, an improvement from -¥432,124,050.24 in Q3 2022[21]. - Cash inflow from financing activities totaled ¥277,000,000.00, compared to ¥182,000,000.00 in Q3 2022, marking a 52.2% increase[22]. - The net cash flow from financing activities was -¥237,741,626.66, an improvement from -¥353,781,431.60 in the previous year[22]. - The ending balance of cash and cash equivalents was ¥2,315,710,209.36, up from ¥1,892,771,557.93, representing a 22.3% increase year-over-year[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,357[9]. - The largest shareholder, Shanxi International Power Group Co., Ltd., holds 57.33% of the shares[9]. Operational Challenges - The company experienced a significant decline in profit margins due to lower electricity prices and regulatory impacts on distribution pricing[7]. - The company reported non-recurring gains of CNY 495,974.06 for the current period, down from CNY 5,538,336.25 in the previous year[7]. - The company has not disclosed any new product developments or market expansion strategies in the current report[11]. - There are no significant mergers or acquisitions reported during the quarter[11]. - The company reported a decrease in financial expenses, which were CNY 12,818,985.72, down from CNY 21,977,172.23 in the previous year[17]. - Investment income for the third quarter was CNY 204,361,321.49, slightly down from CNY 209,311,651.93 year-on-year[17].