SDIC Power(SH:600886)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 5.21 billion, an increase of 20.27% year-on-year[5]. - Operating revenue for the first nine months was CNY 29.68 billion, down 7.97% from the same period last year[5]. - Basic earnings per share rose to CNY 0.7444, reflecting a growth of 23.37% compared to the previous year[5]. - Total operating revenue for Q3 2020 was approximately ¥12.21 billion, a decrease of 3.4% compared to ¥12.64 billion in Q3 2019[27]. - Net profit for Q3 2020 was approximately ¥4.03 billion, an increase of 4.7% from ¥3.85 billion in Q3 2019[28]. - The company reported a total profit of approximately ¥4.82 billion for Q3 2020, up from ¥4.53 billion in Q3 2019, indicating a growth of 6.4%[28]. - The total comprehensive income for Q3 2020 was approximately ¥4.14 billion, compared to ¥3.85 billion in Q3 2019, showing an increase of 7.5%[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 221.84 billion, a decrease of 1.28% compared to the end of the previous year[5]. - Current liabilities totaled CNY 29.73 billion, down from CNY 34.22 billion at the end of 2019[21]. - Total liabilities decreased from CNY 150.33 billion in December 2019 to CNY 142.54 billion in September 2020, a reduction of approximately 5.3%[22]. - Total equity increased from CNY 74.39 billion in December 2019 to CNY 79.30 billion in September 2020, representing a growth of about 6.5%[22]. - The company's total assets grew from CNY 44.51 billion in December 2019 to CNY 45.30 billion in September 2020, an increase of approximately 1.8%[25]. - Total liabilities reached ¥150,327,333,373.52, with current liabilities at ¥34,219,864,091.92 and non-current liabilities at ¥116,107,469,281.60[43]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY 15.90 billion, slightly down from the previous year[5]. - The cash flow from operating activities for the first three quarters of 2020 was CNY 30,266,611,079.41, down from CNY 34,953,426,038.78 in the same period of 2019[34]. - The net cash flow from investment activities was -4,844,800,359.55 CNY, an improvement from -6,244,416,061.15 CNY in the previous year[36]. - Cash inflow from financing activities totaled 23,716,068,315.57 CNY, down from 26,402,760,845.41 CNY year-over-year[37]. - The total cash and cash equivalents at the end of the period were 7,683,972,783.41 CNY, down from 8,833,134,278.60 CNY in the previous year[37]. Shareholder Information - The company reported a total of 101,747 shareholders at the end of the reporting period[8]. - The largest shareholder, China National Investment Group, holds 49.18% of the shares[8]. Investment and Expenses - Investment income increased by 80.44% year-on-year, primarily due to gains from the disposal of subsidiaries and equity investments[17]. - Sales expenses increased by 260.31% year-on-year, mainly due to the reclassification of electricity sales personnel expenses to sales expenses[17]. - Research and development expenses for Q3 2020 were approximately ¥1.86 million, compared to ¥1.19 million in Q3 2019, marking an increase of 56.4%[27]. - The company reported investment income of approximately ¥172 million in Q3 2020, compared to ¥204 million in Q3 2019, reflecting a decrease of 15.7%[28]. Other Financial Metrics - The weighted average return on net assets increased by 2.23 percentage points to 12.98%[5]. - The company's retained earnings increased from CNY 21.18 billion in December 2019 to CNY 24.57 billion in September 2020, a growth of approximately 15.1%[22]. - The company's other comprehensive income improved from a loss of CNY 141.56 million in December 2019 to a loss of CNY 65.01 million in September 2020, indicating a reduction in losses by about 54.1%[22].