NMHD(600863)2016-10-26 16:00Financial Performance - Operating revenue decreased by 21.78% to CNY 6.93 billion for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders decreased by 41.33% to CNY 545.28 million for the first nine months compared to the same period last year[7] - Cash flow from operating activities decreased by 29.25% to CNY 1.87 billion for the first nine months compared to the same period last year[7] - Weighted average return on equity decreased by 3.41 percentage points to 5.22%[7] - Basic and diluted earnings per share decreased by 41.33% to CNY 0.09[8] - The company reported a total profit of 1,081.19 million RMB, a year-on-year decrease of 41.54%[13] - Net profit for the period was 878.17 million RMB, down 41.03% compared to the previous year[13] - The net profit attributable to the parent company was 545.28 million RMB, reflecting a 41.33% decline year-on-year[13] - Total operating revenue for Q3 2016 was CNY 2,662,060,175.47, a decrease of 21.1% compared to CNY 3,376,014,740.66 in Q3 2015[32] - Net profit for Q3 2016 was CNY 293,271,995.74, a decline of 58.7% compared to CNY 709,744,919.64 in Q3 2015[33] - The company reported a net loss of CNY 7.16 million for Q3 2016, contrasting with a net profit of CNY 995.22 million in Q3 2015[37] Assets and Liabilities - Total assets increased by 3.44% to CNY 39.53 billion compared to the end of the previous year[7] - The company's total liabilities were CNY 25.24 billion, up from CNY 24.51 billion, reflecting a growth of approximately 2.98%[26] - The company's short-term borrowings decreased to CNY 5.16 billion from CNY 5.47 billion, a reduction of about 5.7%[25] - The company's equity attributable to shareholders increased to CNY 10.52 billion from CNY 10.27 billion, showing a growth of approximately 2.4%[26] - Total assets as of the end of Q3 2016 amounted to CNY 22,145,782,167.77, an increase from CNY 21,435,843,969.58 at the end of Q3 2015[30] - Total liabilities reached CNY 12,634,695,610.37, up from CNY 11,843,319,145.00 in the previous year[30] - Current assets totaled CNY 2,979,607,981.43, slightly up from CNY 2,927,232,807.49 year-over-year[30] - Long-term investments increased to CNY 11,315,833,138.75 from CNY 11,238,915,650.86 in the previous year[30] Cash Flow - Cash inflow from operating activities for the first nine months was CNY 6,504,018,913.27, down 26.3% from CNY 8,838,881,928.19 in the previous year[39] - Net cash flow from operating activities was CNY 1,872,554,829.19, a decrease of 29.1% compared to CNY 2,646,562,950.46 in the same period last year[39] - Cash outflow from investing activities totaled CNY 1,310,847,141.93, an increase of 8.5% from CNY 1,208,721,470.94 year-on-year[40] - Net cash flow from investing activities was negative at CNY -1,077,021,657.54, worsening from CNY -839,852,399.27 in the previous year[40] - Cash inflow from financing activities was CNY 6,871,470,900.00, up 6.6% from CNY 6,445,000,000.00 year-on-year[40] - Net cash flow from financing activities was CNY -732,548,195.47, an improvement from CNY -1,869,542,713.13 in the same period last year[40] - The ending cash and cash equivalents balance was CNY 151,338,796.20, compared to CNY 90,405,972.44 at the end of the previous year[40] Shareholder Information - Total number of shareholders reached 270,994 at the end of the reporting period[10] - The largest shareholder, Northern United Power Group, holds 56.63% of the shares[10] Operational Insights - Electricity sales volume reached 26.642 billion kWh, a decrease of 14.39% year-on-year due to insufficient regional electricity demand[13] - The average selling price of electricity dropped by 11.79% year-on-year, influenced by regulatory price adjustments and increased trading volume[14] - Accounts receivable increased by 305 million RMB compared to the beginning of the year, primarily due to higher electricity sales in September[15] - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company has committed to integrating its operations with Northern Power to eliminate competition and enhance business development over a five-year period[20] - The company did not experience any mergers under common control during the reporting period[35]