CYPC(SH:600900)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥15,880,975,297.65, a decrease of 22.71% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2022 was ¥7,652,560,901.19, down 30.34% year-on-year[2]. - The basic earnings per share for Q3 2022 was ¥0.3365, reflecting a decline of 30.34% compared to the previous year[3]. - The net profit attributable to shareholders for the year-to-date was ¥18,944,132,777.16, a decrease of 3.18% compared to the same period last year[2]. - The total profit for Q3 2022 was approximately ¥23.30 billion, a decrease from ¥23.81 billion in Q3 2021, reflecting a decline of about 2.16%[18]. - The net profit attributable to shareholders of the parent company was approximately ¥18.94 billion, down from ¥19.57 billion in the previous year, representing a decrease of about 3.19%[18]. - The total comprehensive income for Q3 2022 was approximately ¥21.36 billion, compared to ¥19.52 billion in Q3 2021, indicating an increase of about 9.39%[19]. - The total profit for Q3 2022 was approximately ¥12.01 billion, a decrease from ¥16.05 billion in Q3 2021, representing a decline of about 25.5%[27]. - The net profit for Q3 2022 was approximately ¥9.86 billion, down from ¥13.27 billion in Q3 2021, reflecting a decrease of around 25.5%[27]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥327,021,197,372.40, a slight decrease of 0.47% from the end of the previous year[3]. - As of September 30, 2022, the total current assets amounted to ¥15,918,672,626.55, a decrease from ¥17,923,455,064.88 as of December 31, 2021, representing a decline of approximately 11.16%[12]. - The company's long-term equity investments reached ¥65,463,174,558.14, up from ¥60,716,844,608.70, which is an increase of approximately 7.5%[12]. - Total liabilities decreased to CNY 133.91 billion in Q3 2022 from CNY 138.28 billion in Q3 2021, a reduction of about 3.43%[14]. - Total liabilities reached CNY 104,725,358,547.39, up from CNY 95,859,919,847.96, indicating an increase of 9.7%[24]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥23,970,161,004.22, showing a 10.94% increase[3]. - Cash inflow from operating activities for the first nine months of 2022 was approximately ¥44.83 billion, an increase from ¥40.37 billion in the same period of 2021, reflecting a growth of about 10.83%[20]. - Cash outflow from operating activities totaled approximately ¥20.86 billion in Q3 2022, compared to ¥18.76 billion in Q3 2021, an increase of about 11.19%[22]. - The net cash flow from investing activities for the first nine months of 2022 was approximately -¥2.67 billion, an improvement from -¥4.17 billion in the same period of 2021[22]. - The company reported a net cash outflow from financing activities of approximately -¥24.75 billion in Q3 2022, compared to -¥17.73 billion in Q3 2021, indicating a worsening of about 39.54%[22]. Shareholder Information - The company reported a total of 195,579 common shareholders at the end of the reporting period[7]. - The top shareholder, China Three Gorges Corporation, holds 54.34% of the shares, with a total of 12,358,576,257 shares[8]. Asset Restructuring - The company is undergoing a major asset restructuring, with the plan approved by the State-owned Assets Supervision and Administration Commission on July 20, 2022[11]. - The restructuring plan is pending approval from the China Securities Regulatory Commission, which is necessary for implementation[11]. - The company has initiated a significant asset restructuring process, which includes issuing shares and convertible bonds to acquire assets[11]. - The company’s stock was suspended for trading on November 29, 2021, due to the announcement of the major asset restructuring[11]. Research and Development - Research and development expenses increased to CNY 21.94 million in Q3 2022 from CNY 16.55 million in Q3 2021, indicating a growth of about 32.36%[17]. - Research and development expenses increased to CNY 21,649,940.84 from CNY 16,226,713.79, reflecting a growth of 33.5%[26].