CH ENERGY ENG(SH:601868)2023-10-27 16:00Financial Performance - The operating revenue for the third quarter of 2023 was RMB 93,193,325, representing an increase of 11.61% compared to the previous quarter and 18.00% year-on-year[5]. - The net profit attributable to shareholders decreased by 70.01% year-on-year to RMB 415,751,000, while the net profit after deducting non-recurring gains and losses fell by 50.20% to RMB 536,777,000[5][8]. - Basic earnings per share decreased by 66.67% to RMB 0.01, and diluted earnings per share also dropped by 66.67% to RMB 0.01[5][8]. - Total operating revenue for the first three quarters of 2023 reached CNY 285.31 billion, an increase of 17.93% compared to CNY 241.78 billion in the same period of 2022[33]. - Net profit for the first three quarters of 2023 was CNY 5.73 billion, a decrease of 8.25% from CNY 6.25 billion in the same period of 2022[34]. - The company reported a gross profit margin of approximately 12.93% for the first three quarters of 2023, compared to 12.66% in the same period of 2022[33]. - The basic earnings per share for the first three quarters of 2023 were CNY 0.07, down from CNY 0.09 in the same period of 2022[36]. - The net profit for the first three quarters of 2023 was -5,790 million RMB, compared to a net profit of 244,537 million RMB in the same period of 2022, indicating a substantial decline[52]. - The total profit for the first three quarters of 2023 was -5,771 million RMB, down from 244,537 million RMB in the previous year[51]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 762,654,929, reflecting a year-to-date increase of 14.76%[5]. - Total assets amounted to CNY 762.65 billion, up from CNY 664.55 billion year-on-year, reflecting a growth of 14.77%[32]. - Total liabilities increased to CNY 584.88 billion, compared to CNY 497.08 billion in the previous year, marking a rise of 17.63%[32]. - The total current assets reached RMB 438.77 billion as of September 30, 2023, compared to RMB 378.76 billion at the end of 2022[24]. - The total assets as of September 30, 2023, were 97,110,346 thousand RMB, a decrease from 100,020,443 thousand RMB at the end of 2022[49]. - The total liabilities decreased to 12,058,694 thousand RMB from 13,645,865 thousand RMB at the end of 2022, showing a reduction of about 11.6%[48]. Cash Flow - The company reported a net cash flow from operating activities of RMB -14,747,034, indicating a decline in cash generation capabilities[5]. - The company’s cash flow from operating activities showed a significant improvement, with net cash inflow of CNY 7.71 billion for the first three quarters of 2023[34]. - In the first three quarters of 2023, the net cash flow from operating activities was -14,747,034 thousand RMB, an improvement from -18,552,362 thousand RMB in the same period of 2022[39]. - Total cash inflow from operating activities was 251,855,890 thousand RMB, compared to 228,722,251 thousand RMB in the first three quarters of 2022, representing an increase of approximately 10.1%[39]. - Cash outflow from operating activities totaled 266,602,924 thousand RMB, up from 247,274,613 thousand RMB in the previous year, indicating a rise of about 7.8%[39]. - The cash flow from operating activities for the first three quarters of 2023 was -341,544 thousand RMB, compared to -6,960,179 thousand RMB in the same period of 2022, showing an improvement in cash flow management[54]. - The net cash flow from investing activities was -23,204,382 thousand RMB, compared to -20,364,810 thousand RMB in the same period of 2022[45]. - The net cash flow from investing activities for the first three quarters of 2023 was 2,996,588 thousand RMB, an increase from 1,788,624 thousand RMB in the same period of 2022[54]. - Cash inflow from financing activities was 103,025,469 thousand RMB, an increase from 87,354,918 thousand RMB in the same period of 2022, reflecting a growth of approximately 17.8%[43]. - The company's total cash inflow from financing activities was 4,500,000 thousand RMB in the first three quarters of 2023, down from 9,553,848 thousand RMB in the same period of 2022[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 416,461[10]. - The largest shareholder, China Energy Construction Group Co., Ltd., holds 18,686,568,022 shares, accounting for 44.82% of the total shares[12]. - The total equity attributable to shareholders of the parent company was CNY 104.85 billion, an increase from CNY 101.87 billion year-on-year, reflecting a growth of 2.93%[32]. - The company reported a total equity of 85,051,652 thousand RMB as of September 30, 2023, compared to 86,374,578 thousand RMB at the end of 2022[50]. Business Operations and Projects - The decline in profitability was primarily attributed to market impacts affecting the cement and real estate sectors[8]. - The company achieved new contract value and operating revenue of RMB 941.51 billion and RMB 285.31 billion, representing year-on-year growth of 35.5% and 18.0% respectively[14]. - Domestic new contract value reached RMB 718.18 billion, a year-on-year increase of 45.2%, with power business contracts growing by 27.3% and transportation business contracts by 77.5%[14]. - International new contract value increased by 11.6%, with renewable energy and integrated smart energy contracts growing by 75.1%[15]. - The company is advancing the compressed air energy storage business, with two demonstration projects expected to be completed in 2024 and 2025[16]. - New signed contracts in the renewable energy sector amounted to RMB 405.88 billion, a year-on-year increase of 28.6%[17]. - The company has a cumulative installed capacity of 6.785 million kW in renewable energy, with 4.214 million kW from solar and 1.912 million kW from wind[17]. - The company plans to raise up to RMB 14.85 billion through a private placement to fund various projects, including a green electricity demonstration project and a data industry park[19]. - The company has initiated 76 new energy projects, with a total installed capacity of 12.2 million kW under construction[17]. - The company is actively involved in the "East Data West Computing" project, implementing integrated energy solutions[18]. - Research and development expenses for the first three quarters of 2023 were CNY 6.92 billion, up from CNY 5.01 billion in the same period of 2022, indicating a growth of 38.14%[33]. Management and Expenses - The company incurred financial expenses of 76,258 thousand RMB in the first three quarters of 2023, a decrease from 129,988 thousand RMB in the same period of 2022[51]. - The company’s management expenses increased to 336,183 thousand RMB in the first three quarters of 2023, compared to 297,150 thousand RMB in the same period of 2022[51].