GDPD(SH:600795)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥49,056,125,317.93, a decrease of 11.27% compared to ¥55,117,916,909.63 in the same period last year[3] - Net profit attributable to shareholders was ¥2,645,712,666.87, down 1.76% from ¥2,719,600,803.26 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 40.59% to ¥2,603,477,944.39 from ¥1,851,790,604.38 in the previous year[3] - Basic earnings per share for Q3 2023 were ¥0.148, a decrease of 1.99% from ¥0.152 in the same period last year[4] - The weighted average return on equity was 5.495%, a decrease of 0.196 percentage points from the previous year[4] - Total operating revenue for the first three quarters of 2023 was CNY 137.71 billion, a decrease of 6.2% compared to CNY 146.62 billion in the same period of 2022[19] - Net profit for the first three quarters of 2023 reached CNY 10.81 billion, an increase of 4.4% from CNY 10.35 billion in the same period of 2022[20] - Total comprehensive income for the first three quarters of 2023 was CNY 11.16 billion, compared to CNY 9.99 billion in 2022, reflecting a growth of 11.7%[21] Cash Flow - Cash flow from operating activities decreased by 27.34%, totaling ¥28,339,423,899.88 compared to ¥39,093,415,751.64 last year[3] - Cash flow from operating activities for the first three quarters of 2023 was CNY 28.34 billion, a decrease of 27.3% compared to CNY 39.00 billion in 2022[23] - The company reported a total of CNY 156.94 billion in cash received from sales, a decline of 9.3% from CNY 173.02 billion in the previous year[23] - The company's cash flow from operating activities for the first three quarters of 2023 was ¥1,814,984,978.33, compared to ¥1,246,469,572.30 in the same period of 2022, indicating a growth of approximately 45%[29] - Net cash flow from financing activities was ¥6,096,159,074.94, compared to ¥5,273,627,979.82 in the same period last year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥440,883,284,616.52, an increase of 6.21% compared to the previous year[4] - Total assets increased to ¥440,883,284,616.52 as of September 30, 2023, up from ¥415,107,944,316.99 at the end of 2022, representing a growth of 6.3%[18] - Total liabilities amounted to ¥321,954,543,530.91, compared to ¥304,820,494,063.50, showing an increase of 5.4%[17] - The total liabilities as of September 30, 2023, amounted to ¥78,132,183,130.11, an increase from ¥76,956,825,503.49 at the end of 2022[26] - The company's total equity as of September 30, 2023, was ¥39,429,447,519.32, an increase from ¥38,911,011,259.22 at the end of 2022[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 413,895[9] - The largest shareholder, State Energy Investment Group, holds 9,038,709,571 shares, representing 50.68% of total shares[9] - The second largest shareholder, China Securities Finance Corporation, holds 896,934,967 shares, representing 5.03%[9] - The top ten shareholders include several asset management plans, each holding 142,500,300 shares, representing 0.80% each[10] - The company has not disclosed any related party relationships among the top shareholders[12] Mergers and Acquisitions - The company acquired 100% equity of Guoneng Longyuan Power Technology Engineering Co., Ltd. in September 2023, which is a merger under common control[5] Research and Development - Research and development expenses increased to CNY 329.95 million in 2023, up 11.7% from CNY 295.39 million in 2022[19] - Research and development expenses for Q3 2023 were ¥6,071,665.80, slightly up from ¥5,908,017.82 in Q3 2022[27] Accounting Standards - The company implemented the "Interpretation No. 16" of the Accounting Standards for Enterprises starting from January 1, 2023, which affects the recognition of deferred tax assets and liabilities[37] - The adjustments required by the new interpretation pertain to transactions that do not impact accounting profits or taxable income at the time of occurrence[37] - The company aims to ensure compliance with the new accounting standards to enhance the accuracy of financial reporting[37] - The adjustments are expected to improve the transparency of the company's financial position and tax obligations[37]