SDIC Power(SH:600886)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 15,476,795,545.01, representing an increase of 18.68% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2022 was CNY 1,778,359,349.29, reflecting a significant increase of 56.77% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,748,296,692.06, up 68.71% from the previous year[3]. - The basic earnings per share for Q3 2022 was CNY 0.2320, an increase of 46.77% compared to the same period last year[3]. - The weighted average return on equity increased by 1.13 percentage points to 8.41% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2022 reached ¥38.17 billion, an increase from ¥32.34 billion in the same period of 2021, representing a growth of approximately 17.5%[14]. - Net profit for the third quarter of 2022 was ¥7.60 billion, compared to ¥6.53 billion in the same quarter of 2021, reflecting a growth of approximately 16.4%[15]. - The total comprehensive income attributable to shareholders was ¥7.60 billion, compared to ¥6.53 billion in the same quarter of 2021, reflecting a growth of approximately 16.4%[15]. - The total comprehensive income for the period attributable to the parent company was CNY 4,182,737,315.24, an increase from CNY 3,789,247,315.74 in the previous year, representing a growth of approximately 10.4%[16]. - Basic and diluted earnings per share for the period were CNY 0.5342, compared to CNY 0.4776 in the same period last year, reflecting an increase of about 11.4%[16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 247,253,877,034.12, an increase of 2.42% from the end of the previous year[3]. - The equity attributable to shareholders at the end of the reporting period was CNY 54,353,434,524.69, reflecting a growth of 5.58% year-on-year[3]. - The company's total liabilities amounted to ¥154.23 billion, slightly up from ¥153.31 billion in the previous year, showing a marginal increase of about 0.6%[13]. - The company's total current assets as of September 30, 2022, amounted to CNY 28,676,817,152.52, an increase from CNY 21,696,819,966.97 at the end of 2021[10]. - The total assets of the company reached CNY 247,253,877,034.12, compared to CNY 241,369,525,069.05 at the end of 2021[11]. - The company reported a short-term loan of CNY 11,419,248,654.48, up from CNY 8,590,709,276.38 in the previous year[11]. - The company has a long-term debt of approximately ¥104.02 billion, indicating a significant leverage position[21]. - The total amount of other payables was approximately ¥10.05 billion, which includes interest payables[21]. Cash Flow - The net cash flow from operating activities for the year-to-date increased by 34.61% compared to the same period last year[3]. - Cash inflows from operating activities totaled CNY 39,797,838,319.61, up from CNY 33,074,903,317.44, indicating a growth of approximately 20.3%[17]. - The net cash flow from operating activities was CNY 16,406,730,940.96, compared to CNY 12,188,317,561.41 in the previous year, marking an increase of around 34.3%[17]. - The net cash flow from investing activities was negative CNY 8,155,679,386.38, worsening from negative CNY 6,352,222,123.46 in the previous year[18]. - Cash inflows from financing activities amounted to CNY 33,698,598,653.46, down from CNY 37,931,229,859.68, a decrease of approximately 11.8%[18]. - The net cash flow from financing activities was negative CNY 3,843,748,720.38, compared to negative CNY 6,110,134,991.84 in the previous year, showing an improvement[18]. - The total cash and cash equivalents at the end of the period were CNY 13,082,708,879.90, an increase from CNY 9,413,188,178.76 at the end of the previous year[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 69,343, with the largest shareholder, State Development Investment Corporation, holding 3,825,443,039 shares, representing 51.32%[8]. - The company's equity attributable to shareholders was approximately ¥51.46 billion, showing a minor decrease of ¥26.56 million from the previous period[22]. - The company reported an undistributed profit of approximately ¥24.40 billion, showing a healthy retained earnings position[22]. Operational Insights - The increase in net profit was primarily driven by higher hydropower generation and electricity prices, along with increased thermal power prices due to supply-demand tensions[6]. - The company has not reported any significant new product developments or market expansions in this quarter[9]. - Research and development expenses for the first three quarters of 2022 were ¥11.11 million, compared to ¥10.46 million in the same period of 2021, indicating an increase of about 6.3%[14]. - The company reported investment income of ¥384.21 million, significantly higher than ¥64.96 million in the previous year, marking an increase of approximately 493.5%[15].