CECWPC(SH:601016)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 795,920,698.41, representing a year-on-year increase of 21.72%[7] - The net profit attributable to shareholders for Q3 2021 was CNY 154,606,982.32, showing a decrease of 6.10% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 149,225,662.93, down 8.55% year-on-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥2,591,042,337.22, an increase of 28.9% compared to ¥2,009,976,519.95 in the same period of 2020[24] - Net profit for the third quarter of 2021 was ¥794,008,553.47, compared to ¥576,683,955.74 in the same quarter of 2020, representing a growth of 37.8%[25] - The total comprehensive income for the third quarter of 2021 was CNY 756,503,480.97, an increase from CNY 565,593,333.77 in the same period of 2020, representing a growth of approximately 33.7%[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 39,439,467,408.42, an increase of 19.21% compared to the end of the previous year[8] - The company's total liabilities increased to ¥28,081,195,302.11 in Q3 2021 from ¥22,519,836,918.04 in Q3 2020, marking a rise of 24.8%[23] - The total equity attributable to shareholders reached ¥10,623,096,786.89 in Q3 2021, up from ¥9,829,874,257.07 in Q3 2020, indicating a growth of 8.1%[23] - The company reported a significant increase in accounts receivable, rising from CNY 3,431,020,072.10 to CNY 4,650,853,798.57[21] - The company's fixed assets increased from CNY 15,391,694,366.70 to CNY 20,520,996,070.58, reflecting ongoing investments in infrastructure[22] - The total current assets of the company as of September 30, 2021, amounted to CNY 8,170,059,705.86, up from CNY 6,180,195,068.45 in the previous year[22] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,344,119,458.55, up 42.31% year-on-year[8] - The net cash flow from operating activities for the first nine months of 2021 was CNY 1,344,119,458.55, compared to CNY 944,497,250.81 in the same period of 2020, indicating a year-over-year increase of about 42.4%[29] - The net cash flow from financing activities for the first nine months of 2021 was CNY 4,458,317,966.09, down from CNY 6,648,534,644.90 in the same period of 2020, showing a decline of about 33.0%[29] - The net increase in cash and cash equivalents for Q3 2021 was CNY 598,331,408.72, compared to CNY 1,712,990,188.71 in Q3 2020, representing a decrease of about 65.1%[30] Research and Development - The company's research and development expenses increased by 30.65%, reflecting a greater investment in technology development[10] - Research and development expenses for the first three quarters of 2021 amounted to ¥9,082,345.23, an increase from ¥6,951,883.05 in the same period of 2020, reflecting a rise of 30.7%[24] Electricity Generation and Sales - The total electricity generation for the first three quarters of 2021 reached 7.157 billion kWh, representing a year-on-year increase of 39.37%[13] - The total electricity sold through market transactions in Q3 2021 was 304.903 million kWh, a significant increase of 94.06% compared to Q3 2020[16] - The total grid electricity volume for Q3 2021 was 2.251 billion kWh, reflecting a year-on-year increase of 39.37%[14] - The cumulative on-grid electricity for the first three quarters of 2021 was 6.896 billion kWh, up 39.99% year-on-year[13] Future Outlook and Strategy - The company is focusing on expanding its market presence and enhancing operational efficiency through new technologies and product development[20] - The company has a strategic plan for future acquisitions and market expansion to strengthen its competitive position in the renewable energy sector[20] - Future outlook includes potential market expansion and new product development strategies, although specific figures were not disclosed in the report[24] Operational Efficiency - The profit margin increased by 37.89% due to the operation of newly commissioned projects and increased electricity generation from wind power projects[10] - The company continues to focus on optimizing its asset structure and managing liabilities effectively[34]