POWERCHINA Ltd(SH:601669)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥112.33 billion, an increase of 15.33% compared to ¥96.98 billion in the same period last year[4]. - Net profit attributable to shareholders was ¥1.84 billion, a decrease of 7.39% from ¥1.97 billion year-on-year[4]. - Basic earnings per share for the quarter were ¥0.1131, a slight increase of 0.98% from ¥0.1109 in the same period last year[4]. - The net profit for Q3 2021 was CNY 9,530,273,564.54, an increase of 7.7% compared to CNY 8,849,453,528.06 in Q3 2020[25]. - The total profit for Q3 2021 reached CNY 11,990,764,579.34, up from CNY 11,214,038,726.48 in the same period last year, reflecting a growth of 6.9%[25]. - The operating profit for Q3 2021 was CNY 11,879,699,778.54, compared to CNY 11,090,981,152.56 in Q3 2020, indicating an increase of 7.1%[25]. - The company's net profit attributable to shareholders was ¥52,445,505,230.55, compared to ¥48,229,167,372.27 in the previous year, showing an increase of about 6.5%[23]. Cash Flow - The net cash flow from operating activities was ¥8.49 billion, down 29.01% from ¥11.66 billion in the previous year[4]. - The company experienced a significant decrease in cash flow due to large prepayments received in the previous year and normal cross-period payments this year[9]. - The cash inflow from operating activities in Q3 2021 was CNY 343,817,620,753.64, compared to CNY 290,594,238,157.39 in Q3 2020, representing a growth of 18.3%[27]. - The cash outflow from operating activities in Q3 2021 was CNY 355,492,553,463.71, an increase from CNY 289,383,393,586.91 in Q3 2020, resulting in a net cash flow of -CNY 11,674,932,710.07[27]. - The net cash flow from investing activities was -45,950,146,862.76 RMB, compared to -42,253,237,990.45 RMB in the previous period, indicating an increase in cash outflow[28]. - Total cash inflow from financing activities was 190,289,875,454.12 RMB, down from 201,293,018,174.46 RMB, reflecting a decrease of approximately 5%[28]. - The net cash flow from financing activities increased to 63,903,703,191.03 RMB from 59,775,122,815.84 RMB, showing a growth of about 3.8%[28]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,010.68 billion, reflecting a 14.00% increase from ¥886.54 billion at the end of the previous year[5]. - The total liabilities increased to ¥772,889,695,484.81 from ¥662,634,103,318.85, representing a growth of approximately 16.6%[22]. - The company's total assets reached ¥1,010,683,231,729.10, compared to ¥886,543,441,671.41 in the previous year, marking an increase of about 14%[23]. - The total liabilities for the current period were 381,709,150,648.86 RMB, compared to 382,081,362,973.61 RMB previously, showing a decrease of about 0.1%[32]. - The company's contract liabilities increased to ¥134,050,533,115.21 from ¥122,537,435,821.32, reflecting a growth of about 9.2%[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 411,183[10]. - The largest shareholder, China Power Construction Group Co., Ltd., held 58.34% of the shares, totaling approximately 8.93 billion shares[10]. - The company’s major shareholders include China Power Construction Group, holding 4.77 billion shares, and China Securities Finance Corporation, holding 432.77 million shares[15]. Contracts and Projects - As of September 30, 2021, the total new contracts signed amounted to approximately RMB 520.59 billion, representing a year-on-year growth of 3.61%[18]. - Domestic new contracts accounted for approximately RMB 428.93 billion, showing a year-on-year increase of 15.83%[18]. - Foreign new contracts totaled approximately RMB 91.66 billion, reflecting a year-on-year decrease of 30.63%[18]. - The total number of projects signed by the company reached 7,134 as of the reporting period[18]. Research and Development - Research and development expenses amounted to ¥9,843,599,525.57 in the first three quarters of 2021, up from ¥7,939,369,409.18 in 2020, reflecting a growth of approximately 24%[24]. Accounting and Standards - The company adopted new accounting standards effective January 1, 2021, impacting the financial statements without adjustments to comparable periods[35].