GHEC(002060)2024-10-30 11:21Financial Performance - The company's operating revenue for Q3 2024 was ¥14,716,524,405.55, a decrease of 16.65% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥186,733,753.08, down 46.39% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥191,088,145.87, a decline of 49.06% compared to the previous year[2] - The basic earnings per share for Q3 2024 was ¥0.0497, reflecting a decrease of 46.56% year-on-year[2] - Total operating revenue for the current period is approximately ¥41.21 billion, a decrease of 19.4% compared to ¥51.12 billion in the previous period[19] - Net profit for the current period is approximately ¥680.55 million, a decrease of 30.6% from ¥981.77 million in the previous period[20] - Earnings per share for the current period is ¥0.1716, down from ¥0.2699 in the previous period[21] - The total comprehensive income for the current period is approximately ¥678.45 million, down from ¥978.45 million in the previous period[21] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥131,677,989,771.57, a decrease of 1.28% from the end of the previous year[2] - The company's total assets amounted to CNY 131,677,989,771.57, down from CNY 133,388,330,744.36, a decrease of about 1.3%[18] - The total liabilities decreased to CNY 117,317,906,763.22 from CNY 119,240,321,388.28, indicating a reduction of approximately 1.5%[18] - The company's non-current liabilities increased to CNY 24,156,131,731.97 from CNY 22,671,470,973.84, marking an increase of approximately 6.5%[18] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥822,153,695.73, which is an improvement of 13.73% compared to the same period last year[2] - Cash flow from operating activities shows a net outflow of approximately ¥822.15 million, an improvement from a net outflow of ¥952.99 million in the previous period[22] - The net cash flow from investment activities was -¥1,974,885,868.21, a 71.45% improvement compared to the previous year[6] - The net cash flow from investment activities was -1,974,885,868.21, a decrease from -6,917,521,134.51 in the previous year[23] - Total cash inflow from financing activities was 7,835,591,837.05, compared to 13,389,546,346.63 in the same period last year[23] - The net cash flow from financing activities was -439,119,869.28, a significant decline from 6,638,467,114.02 in the previous year[23] - Cash and cash equivalents decreased to CNY 17,460,380,061.53 from CNY 21,082,732,801.52, representing a decline of approximately 17.5%[16] - Cash and cash equivalents at the end of the period amounted to 16,237,792,164.10, down from 16,772,334,587.10 year-over-year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 87,374[7] - The largest shareholder, Guangdong Provincial Construction Engineering Group Holdings Limited, holds 70.05% of the shares, amounting to 2,630,454,497 shares[7] - The company has a total of 176,244,333 shares held by Changcheng Life Insurance Co., Ltd., accounting for 4.69% of the shares[7] - The total number of shares held by the top ten shareholders represents a significant portion of the total share capital[9] Strategic Initiatives - The company plans to transfer equity stakes in 25 subsidiaries from its wholly-owned subsidiary to streamline ownership and enhance market competitiveness, with a capital increase of 4.5 billion RMB[11] - The company has completed the transfer of equity stakes in multiple subsidiaries, changing the shareholder from Guangdong Provincial Construction Engineering Group Limited to the company itself[12] - The company has engaged in internal transfers of equity and assets to optimize resource allocation and improve management efficiency[13] - The company’s market expansion strategy includes enhancing its bidding competitiveness in the construction engineering sector[11] Project Development - The total installed capacity of clean energy projects that have been put into operation reached 4,071.15 MW, including 380.5 MW from hydropower, 734.12 MW from wind power, and 2,956.53 MW from photovoltaic power[15] - The company is currently constructing several projects, including a 100 MW wind power project in Guizhou and a 120 MW photovoltaic project in Hunan[15] - The company is in the early stages of preparing investments for several projects, including a 300 MW concentrated photovoltaic project in Lanzhou New Area[15] Other Financial Metrics - The company reported a significant decrease in investment income, which fell by 49.60% to ¥13,810,506.92 due to reduced structured deposits[5] - Investment income from joint ventures increased to approximately ¥5.99 million, up from ¥3.09 million in the previous period[20] - Research and development expenses for the current period are approximately ¥1.18 billion, a slight decrease from ¥1.26 billion in the previous period[19] - Other income increased to approximately ¥52.67 million, compared to ¥29.64 million in the previous period[19] - The company reported a decrease in sales expenses to approximately ¥4.35 million from ¥2.67 million in the previous period[19] Reporting and Audit - The company did not undergo an audit for the third quarter report[24] - The report was released on October 30, 2024, indicating timely communication of financial performance[24]