Datang Power(SH:601991)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 31,651,517,000, representing a year-on-year increase of 27.84% compared to CNY 24,758,216,000 in the same period last year[4]. - The net profit attributable to shareholders of the listed company was CNY -635,584,000, a decrease of 60.78% from CNY -1,620,373,000 in the previous year[4]. - The basic earnings per share were CNY -0.0509, an improvement of 52.37% from CNY -0.1070 in the previous year[5]. - The company reported a total comprehensive income of RMB 753,353 thousand for the third quarter of 2022, compared to RMB 33,551 thousand in the same quarter of 2021[24]. - The company achieved an operating profit of 1,283,006 thousand RMB, compared to 632,225 thousand RMB in the same quarter of 2021, showing improved operational efficiency[56]. - The company reported a significant increase in investment income, reaching RMB 1,472,474 thousand in the third quarter of 2022, compared to RMB 2,113,161 thousand in the same quarter of 2021[23]. - The company reported a non-recurring gain of CNY 206,429,000 for the current period, contributing to the overall financial performance[6]. Cash Flow and Assets - The net cash flow from operating activities was CNY 18,905,412,000, an increase of 16.74% compared to CNY 16,195,064,000 in the same period last year[5]. - The company achieved a net cash inflow from operating activities of RMB 104,456,989 thousand in the first three quarters of 2022, compared to RMB 84,754,476 thousand in the same period of 2021[27]. - The net cash flow from investing activities was -10,829,744 thousand RMB, compared to -7,397,367 thousand RMB in the previous year, indicating a significant increase in cash outflow for investments[28]. - Cash inflow from financing activities totaled 124,897,695 thousand RMB, a substantial increase from 82,039,259 thousand RMB year-over-year[28]. - The total assets at the end of the reporting period were CNY 294,853,991,000, a decrease of 0.56% from CNY 296,517,653,000 at the end of the previous year[5]. - The company's cash and cash equivalents at the end of the period were 10,428,386 thousand RMB, a decrease from 10,407,067 thousand RMB year-over-year[28]. - The total liabilities reached RMB 204,074,976 thousand, an increase from RMB 196,915,600 thousand at the end of 2021[20]. Shareholder Information - The company’s major shareholder, China Datang Corporation, holds approximately 53.09% of the total issued shares[17]. - The total number of ordinary shareholders at the end of the reporting period is 165,428[44]. - The largest shareholder, China Datang Group Co., Ltd., holds 6,540,706,520 shares, accounting for 35.34% of the total shares[44]. - The total shares held by the top ten shareholders account for approximately 53.09% of the total issued shares[50]. Strategic Plans and Market Expansion - The company plans to expand its market presence through acquisitions, including the 100% stake acquisition of subsidiaries in the solar energy sector[5]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[17]. - The company completed the acquisition of 100% equity in two solar energy subsidiaries, enhancing its market presence in renewable energy[37]. - The company plans to continue expanding its renewable energy portfolio and enhance operational efficiency through strategic acquisitions and investments[37]. Research and Development - Research and development expenses for the third quarter of 2022 amounted to RMB 8,150 thousand, significantly higher than RMB 918 thousand in the same quarter of 2021[23]. - The company has made retrospective adjustments to financial statements in accordance with new accounting standards[66].