华电B股(900937) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue increased by 8.01% to CNY 7,363,522,463.93 for the period from January to September[6] - Net profit attributable to shareholders was a loss of CNY 212,105,531.50, an improvement from a loss of CNY 523,302,923.51 in the same period last year[6] - The weighted average return on equity improved by 11.19 percentage points to -14.38%[6] - Basic and diluted earnings per share were both CNY -0.11, an improvement from CNY -0.27 in the same period last year[6] - Net profit for the first three quarters of 2019 was CNY -2,185,776,539.83, compared to CNY -1,978,253,822.89 in the same period of 2018[27] - The total profit (loss) for Q3 2019 was a loss of CNY 259,680,407.57, compared to a loss of CNY 529,866,551.72 in the same period last year, indicating an improvement of about 51%[30] - The net profit (loss) attributable to shareholders of the parent company for Q3 2019 was a loss of CNY 224,646,463.32, compared to a loss of CNY 477,362,172.43 in Q3 2018, reflecting a reduction of approximately 53%[31] - The total comprehensive income for Q3 2019 was a loss of CNY 262,841,555.88, compared to a loss of CNY 533,027,042.19 in the same quarter last year, showing a significant reduction of about 51%[30] Assets and Liabilities - Total assets decreased by 4.39% to CNY 24,029,292,820.37 compared to the end of the previous year[6] - Total assets as of September 30, 2019, amounted to CNY 19,808,314,079.25, down from CNY 20,556,606,553.24 at the end of Q3 2018[28] - Total liabilities decreased to CNY 18,163,914,249.99 from CNY 18,709,093,868.39 year-over-year[27] - The company reported a total equity of CNY 1,644,399,829.26 as of September 30, 2019, down from CNY 1,847,512,684.85 in the previous year[28] - The company’s total non-current liabilities were CNY 6,981,060,772.43, which includes long-term borrowings of CNY 6,420,837,981.52[52] - The company has a short-term loan liability of CNY 6,745,029,012.81, indicating reliance on short-term financing[51] Cash Flow - Cash flow from operating activities decreased by 1.32% to CNY 1,204,905,387.46 for the period from January to September[6] - The net cash flow from operating activities for Q3 2019 was 1,204,905,387.46 RMB, slightly down from 1,220,997,651.76 RMB in Q3 2018[38] - Cash inflow from financing activities was CNY 8,782,395,686.70, slightly down from CNY 8,844,344,361.80 in the same quarter of 2018[42] - Net cash flow from financing activities improved to -CNY 112,130,877.64, an improvement from -CNY 363,260,881.83 year-on-year[42] Shareholder Information - The total number of shareholders was 168,864, with 108,336 A-share and 60,528 B-share holders[11] - The largest shareholder, China Huadian Corporation, holds 44.80% of the shares[10] Other Financial Metrics - Non-operating income for the period was CNY 18,368,876.22, with total non-recurring gains and losses amounting to CNY 31,934,972.58 for the year-to-date[8] - Investment income rose by 166.91% to ¥56,067,467.52, attributed to increased profits from associated enterprises[14] - The company incurred a total of 5,521,731,123.98 RMB in cash payments for goods and services in Q3 2019, compared to 4,783,330,634.54 RMB in Q3 2018, indicating a rise of about 15.4%[38] - The company received 8,371.77 RMB in tax refunds during Q3 2019, a decrease from 249,447.90 RMB in the same period last year[38] Changes in Assets - Prepayments increased by 369.69% to ¥117,860,668.48, primarily due to prepayment of financing lease fees[13] - Other current assets decreased by 41.60% to ¥124,437,513.73, mainly due to a reclassification decrease in input tax credits[13] - Accounts payable decreased by 36.35% to ¥1,735,096,832.57, mainly due to reduced payments for coal and engineering costs[13] - Other payables decreased by 39.52% to ¥262,254,117.93, primarily due to a reduction in warranty payments[13] - Non-current liabilities due within one year increased by 168.14% to ¥3,687,661,736.48, mainly due to an increase in long-term borrowings due within one year[13] Research and Development - Research and development expenses for Q3 2019 were CNY 2,556,011.05, compared to CNY 1,941,663.33 in Q3 2018, indicating a 31.6% increase[28] Accounting Changes - The company reported a significant adjustment in its financial reporting due to the implementation of new accounting standards effective from January 1, 2019[54]