CECWPC(SH:601016)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was approximately CNY 1.155 billion, a decrease of 1.81% compared to CNY 1.177 billion in the same period last year[7]. - Net profit attributable to shareholders was approximately CNY 306.55 million, reflecting a year-on-year increase of 1.48% from CNY 302.07 million[7]. - The net profit after deducting non-recurring gains and losses was approximately CNY 296.79 million, showing a slight decrease of 0.13% compared to CNY 297.16 million in the previous year[7]. - Basic earnings per share decreased by 22.95% to CNY 0.047 from CNY 0.061 in the same period last year[7]. - The weighted average return on equity was 1.88%, down 0.64 percentage points from 2.52% in the previous year[7]. - Total operating revenue for the first three quarters of 2023 was CNY 3,825,510,057.02, a slight decrease from CNY 3,855,819,394.12 in the same period of 2022, representing a decline of approximately 0.78%[24]. - Net profit for the third quarter of 2023 was CNY 1,256,952,468.54, down from CNY 1,402,368,595.55 in the same quarter of 2022, reflecting a decrease of approximately 10.37%[25]. - The total comprehensive income for the third quarter of 2023 was CNY 1,234,134,301.77, compared to CNY 1,419,240,588.08 in the same quarter of 2022, reflecting a decline of about 13.00%[25]. - The company's total liabilities decreased to CNY 24,380,612,186.38 in Q3 2023 from CNY 27,235,923,549.89 in Q3 2022, a reduction of about 10.67%[23]. - The total equity attributable to shareholders increased to CNY 16,424,685,055.24 in Q3 2023 from CNY 15,800,359,678.65 in Q3 2022, an increase of approximately 3.93%[23]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was approximately CNY 2.408 billion, showing a slight increase of 0.20% compared to the previous year[9]. - The total current assets as of September 30, 2023, amounted to approximately 9.81 billion RMB, down from 11.59 billion RMB at the end of 2022[22]. - The company's cash and cash equivalents decreased to approximately 1.59 billion RMB from 3.43 billion RMB at the end of 2022[21]. - Accounts receivable increased to approximately 6.17 billion RMB, compared to 5.10 billion RMB at the end of 2022[21]. - The total assets as of September 30, 2023, were approximately 41.59 billion RMB, down from 43.82 billion RMB at the end of 2022[22]. - The company reported a significant reduction in short-term borrowings, decreasing to approximately 200.15 million RMB from 634.66 million RMB at the end of 2022[22]. - The ending balance of cash and cash equivalents was ¥1,563,309,057.58 as of the end of September 2023, down from ¥1,732,235,818.11 at the end of September 2022[28]. Electricity Generation and Capacity - As of September 30, 2023, the total electricity generation for the first three quarters was 9.066 billion kWh, representing a year-on-year increase of 2.28%[13]. - The total on-grid electricity volume for the same period was 8.717 billion kWh, with a year-on-year growth of 3.62%[13]. - The operational installed capacity as of the end of Q3 2023 was 5.2747 million kW, while the cumulative installed capacity reached 5.41526 million kW[13]. - The total on-grid electricity volume for Q3 2023 was 871.67 million kWh, up 3.62% from 841.24 million kWh in Q3 2022[16]. - The company reported a 7.83% increase in electricity generation in Gansu province for Q3 2023 compared to the same period last year[14]. - The total installed capacity reached 541.526 million kW, with operational capacity at 527.47 million kW, and new capacity added during the reporting period was 4.324 million kW[17]. - The company has 71.8 million kW of projects under construction, indicating ongoing expansion efforts[17]. Research and Development - Research and development expenses rose to CNY 23,153,535.91 in 2023, compared to CNY 13,634,190.75 in 2022, indicating an increase of about 70.00%[24]. - The company has not disclosed any new product or technology developments in the current report[12]. Market and Shareholder Information - The top shareholder, China Energy Conservation and Environmental Protection Group, holds 3,123,284,215 shares, accounting for 48.24% of total shares[11]. - The total number of common shareholders at the end of the reporting period was 247,231[11]. Investment Activities - The total cash inflow from investment activities was ¥4,204,333,877.44, compared to ¥400,729,226.71 in the same period of 2022, showing a significant increase[28]. - The net cash flow from investment activities was -¥573,304,182.51 for the first nine months of 2023, an improvement from -¥1,310,656,925.62 in the same period of 2022[28].