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内蒙华电(600863) - 2021 Q3 - 季度财报
2021-10-27 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥5,041,240,168.64, an increase of 26.68% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥236,928,975.48, representing a decrease of 176.96% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥245,001,002.55, down 181.54% from the previous year[4]. - The basic earnings per share for Q3 2021 was -¥0.05, a decrease of 200.00% compared to the same period last year[5]. - The diluted earnings per share for Q3 2021 was -¥0.04, a decrease of 180.00% year-on-year[5]. - The net profit for Q3 2021 was -114,851,698.95 CNY, compared to a net profit of 1,101,004,767.04 CNY in the same period last year[22]. - Total comprehensive income for Q3 2021 was -256,133,554.43 CNY, while it was 1,052,042,747.42 CNY in Q3 2020[23]. Revenue and Costs - In the first three quarters of 2021, the company achieved operating revenue of CNY 1,316,442.90 million, an increase of 16.76% year-on-year[13]. - Total operating revenue for the first three quarters of 2021 reached ¥13,164,428,967.28, an increase from ¥11,275,188,445.28 in the same period of 2020, representing a growth of approximately 16.76%[19]. - Total operating costs for the first three quarters of 2021 were ¥13,140,132,311.77, compared to ¥10,311,262,078.47 in 2020, indicating an increase of about 27.3%[21]. - Operating profit for the first three quarters of 2021 was ¥88,351,602.94, a significant decrease from ¥1,317,184,168.16 in the previous year[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥41,654,290,414.95, a decrease of 2.81% from the end of the previous year[5]. - The total assets as of the end of the third quarter of 2021 amounted to ¥41,654,290,414.95, down from ¥42,857,453,730.16 at the end of the previous year[18]. - Total liabilities decreased to ¥23,679,340,415.95 from ¥24,687,196,545.03 year-over-year[18]. - The company's long-term equity investments were valued at CNY 1,813,276,025.23 as of September 30, 2021, down from CNY 1,976,538,007.65 at the end of 2020[16]. - Current assets totaled CNY 3,942,251,249.89, with cash and cash equivalents at CNY 294,922,081.92[26]. - Long-term borrowings increased to ¥12,423,238,397.42 from ¥12,187,330,631.26, showing a growth of approximately 1.93%[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,288,549,672.85, down 31.05% compared to the previous year[5]. - Cash flow from operating activities for the first three quarters of 2021 was 2,288,549,672.85 CNY, compared to 3,319,378,008.70 CNY in the same period of 2020[25]. - Total cash outflow from operating activities in Q3 2021 was 10,424,848,517.40 CNY, compared to 6,553,242,650.98 CNY in the same period last year[25]. - Cash flow from investing activities for Q3 2021 was -575,291,085.86 CNY, compared to -475,220,821.29 CNY in Q3 2020[25]. - Cash flow from financing activities in Q3 2021 was -1,522,807,404.07 CNY, compared to -3,006,869,207.50 CNY in the previous year[25]. - The total cash and cash equivalents at the end of Q3 2021 was 411,848,653.49 CNY, up from 326,271,068.56 CNY at the end of Q3 2020[25]. Production and Pricing - The company completed a power generation of 429.17 billion kWh, a decrease of 0.34% compared to the same period last year[13]. - The average selling price of electricity was CNY 285.95 per MWh, an increase of CNY 25.24 per MWh, or 9.68% year-on-year[13]. - Coal production reached 4.9013 million tons, an increase of 15.62% year-on-year, while coal sales volume increased by 32.11% to 2.8546 million tons[13]. - The average selling price of coal was CNY 511.33 per ton, an increase of CNY 232.84 per ton, or 83.61% year-on-year[13]. - The benchmark coal price for the company's thermal power plants was CNY 587.79 per ton, an increase of CNY 194.12 per ton, or 49.31% year-on-year[13]. - The increase in coal prices significantly impacted the company's profitability, leading to higher fuel costs for thermal power generation[9]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 242,525[10]. - The company's retained earnings decreased to ¥2,740,081,357.64 from ¥3,375,577,724.77, indicating a decline of about 18.77%[18]. Research and Development - Research and development expenses for the first three quarters of 2021 were reported at ¥9,026,876.57, with no previous year data available for comparison[21]. Accounting Changes - The company adopted the new lease accounting standard effective January 1, 2021, impacting the balance sheet with a right-of-use asset of CNY 10,453,074.43[30]. - The adjustment to long-term prepaid expenses was CNY -10,453,074.43 due to the new lease standard[30]. - The company reported a decrease in long-term prepaid expenses to CNY 939,939,516.00 after the adjustment[30]. - The financial impact of the new lease standard did not have a significant effect on the company's financial position or cash flows[29].