浙能电力(600023) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 was CNY 26,130,818,766.33, a decrease of 5.93% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was CNY 2,773,325,109.34, down 12.90% year-on-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,767,572,680.24, a decrease of 8.97% compared to the previous year[2]. - Basic earnings per share for Q3 2024 was CNY 0.21, a decrease of 8.70% year-on-year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 66.30 billion, a decrease of 4.0% compared to CNY 69.51 billion in the same period of 2023[12]. - Net profit for the first three quarters of 2024 reached CNY 7.97 billion, an increase of 11.4% from CNY 7.16 billion in the same period of 2023[14]. - Earnings per share for the first three quarters of 2024 were CNY 0.50, compared to CNY 0.44 in the same period of 2023[15]. - The company reported a significant increase in investment income, totaling CNY 3.76 billion, compared to CNY 3.91 billion in the same period of 2023[14]. - Other comprehensive income after tax for the first three quarters of 2024 was CNY 1.04 billion, compared to a loss of CNY 102.88 million in the same period of 2023[15]. Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period increased by 88.69% to CNY 9,854,621,808.45[6]. - The company’s cash flow from operating activities showed a positive trend, indicating improved liquidity and operational efficiency[15]. - In the first three quarters of 2024, the cash inflow from operating activities totaled CNY 74,191,872,641.17, a decrease of 2.7% compared to CNY 76,221,242,199.63 in the same period of 2023[18]. - The net cash flow from operating activities increased significantly to CNY 9,854,621,808.45, up 88.5% from CNY 5,222,611,086.63 in the previous year[18]. - Cash outflow for purchasing goods and services was CNY 56,593,314,376.89, down 11.6% from CNY 63,989,529,934.73 in the same period last year[18]. - The cash and cash equivalents at the end of the period stood at CNY 18,779,226,074.23, a slight decrease from CNY 18,880,087,895.93 in 2023[19]. Assets and Liabilities - Total assets as of the end of Q3 2024 were CNY 152,883,647,480.43, an increase of 3.83% from the end of the previous year[3]. - The company's current assets totaled CNY 40.77 billion, down from CNY 42.44 billion at the end of 2023, indicating a decrease of about 3.9%[10]. - The long-term equity investments increased to CNY 36.06 billion, up from CNY 33.22 billion, reflecting an increase of approximately 8.4%[11]. - The total liabilities of the company were reported at CNY 40.77 billion, with short-term borrowings amounting to CNY 10.42 billion, an increase from CNY 10.02 billion, indicating a rise of about 4.0%[11]. - Total liabilities as of the end of Q3 2024 amounted to CNY 67.14 billion, slightly down from CNY 67.27 billion at the end of Q3 2023[12]. - Total equity attributable to shareholders reached CNY 72.04 billion, an increase of 6.0% from CNY 67.40 billion in the previous year[12]. Operational Insights - The decline in operating revenue year-to-date was primarily due to a decrease in revenue from Zhonglai Co. compared to the previous year[6]. - The increase in net profit year-to-date was mainly attributed to a decrease in coal costs compared to the previous year[6]. - The company's inventory decreased significantly to CNY 4.86 billion from CNY 6.54 billion, marking a reduction of approximately 25.7%[10]. - The company reported a significant increase in employee compensation liabilities, which rose to CNY 852.14 million from CNY 673.74 million, reflecting an increase of about 26.5%[11]. - The company's contract liabilities increased to CNY 383.06 million from CNY 270.96 million, representing a growth of approximately 41.4%[11]. Other Information - The company has not disclosed any new product or technology developments in the current report[9]. - There are no significant changes in the shareholder structure or any related party transactions reported during the period[8]. - The company's financial expenses decreased to CNY 854.96 million from CNY 928.73 million year-over-year[14]. - The total cash inflow from investment activities was CNY 3,887,991,412.18, slightly up from CNY 3,819,947,211.86 in 2023[18]. - The net cash flow from investment activities was negative at CNY -4,039,509,092.57, worsening from CNY -3,780,554,793.69 in the previous year[19]. - Cash inflow from financing activities decreased to CNY 25,196,198,626.00, down 32.4% from CNY 37,249,419,800.37 in 2023[19]. - The net cash flow from financing activities was negative at CNY -5,940,041,037.22, compared to a positive CNY 4,360,767,052.50 in the same period last year[19]. - The company received CNY 224,554,834.45 in tax refunds, significantly lower than CNY 923,447,414.52 in the previous year[18]. - The company paid CNY 3,525,411,799.59 in various taxes, an increase from CNY 3,136,969,332.15 in the same period last year[18].