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三峡水利(600116) - 2023 Q3 - 季度财报
TGWCTGWC(SH:600116)2023-10-25 16:00

Financial Performance - Total operating revenue for Q3 2023 was ¥717,306,219.88, a decrease of 13.5% compared to ¥829,545,826.98 in Q3 2022[4] - Operating profit for Q3 2023 was ¥58,043,995.29, down 34.7% from ¥88,807,339.21 in Q3 2022[6] - Net profit for Q3 2023 was ¥49,420,227.17, a decline of 3.3% compared to ¥51,273,535.20 in Q3 2022[6] - Total revenue for Q3 2023 was RMB 2,702,220,356.28, reflecting an 11.01% decrease year-over-year, while year-to-date revenue increased by 1.71% to RMB 8,390,942,022.48[27] - Net profit attributable to shareholders for Q3 2023 was RMB 306,118,904.35, an increase of 83.52% compared to the same period last year[27] - The total profit for the reporting period was CNY 418.31 million, with a net profit of CNY 325.10 million, compared to a net profit of CNY 447.88 million in the previous period[60] - The net profit attributable to shareholders of the parent company was CNY 337.42 million, down from CNY 448.08 million in the previous period[60] Assets and Liabilities - Total assets as of the end of the reporting period were ¥15,251,499,582.13, slightly down from ¥15,314,762,152.75 at the end of the previous period[2] - Total liabilities increased to ¥5,333,694,061.41 from ¥5,168,755,423.60, reflecting a rise of 3.2%[2] - Current liabilities totaled ¥2,788,858,257.31, up 29.4% from ¥2,154,597,850.04 in the previous period[2] - Non-current liabilities decreased to ¥2,544,835,804.10 from ¥3,014,157,573.56, a reduction of 16.5%[2] - The total liabilities at the end of the reporting period were CNY 11,843,606,147.64, an increase from CNY 10,563,832,490.19 in the previous year[34] - The company’s total non-current assets reached CNY 18,071,233,133.10, up from CNY 17,069,603,220.52 in the previous year[33] Cash Flow - The company's operating cash flow for the first three quarters of 2023 was RMB 411,985,707.63, a significant improvement compared to a negative cash flow of RMB -600,994,025.10 in the same period of 2022[9] - The company reported a net cash inflow from investment activities of RMB 185,566,092.71 in the first three quarters of 2023, compared to a net outflow of RMB -336,656,656.82 in the same period of 2022[9] - The company’s cash inflow from financing activities in Q3 2023 was RMB 850,800,000.00, down from RMB 2,147,700,000.00 in the same period of 2022[9] - The company’s cash outflow for operating activities was RMB 4,382,281,047.94 in the first three quarters of 2023, compared to RMB 6,262,659,088.27 in the same period of 2022[9] - Net cash flow from operating activities for the period was CNY 517,529,356.06, showing a significant increase of 112.85% compared to the previous period[38] - The company reported a net increase in cash and cash equivalents of CNY 574,642,848.78 for Q3 2023, contrasting with a decrease of CNY 284,628,560.06 in Q3 2022[73] Shareholder Information - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum repurchase price of RMB 10.00 per share[50] - The controlling shareholder, China Yangtze Power, plans to increase its stake in the company by no less than RMB 50 million and no more than RMB 100 million over the next 12 months[51] - The total number of common shareholders at the end of the reporting period was 53,832[46] - The top ten shareholders held a total of 1,000,000,000 shares, accounting for 52.56% of the total shares[46] Investments and Projects - The company invested CNY 1.6 billion to establish a project company for the Yongchuan District Songguai independent energy storage power station project, with a total investment of up to CNY 7.82 billion for a capacity of 200MW/400MWh[55] - The company also plans to invest up to CNY 4.0 billion in the Liangjiang New Area Longsheng independent energy storage power station project, with a capacity of 100MW/200MWh[55] - The independent energy storage power stations have been fully operational, contributing to the balance of electricity supply and demand in Chongqing and creating a new profit growth point for the company[55] - The company successfully won the bid for the 2×135MW waste gas resource comprehensive utilization power generation project, forming a joint venture with a 51% stake[56] Operational Efficiency - The company is focusing on the energy storage business as a strategic direction, aligning with national industrial policies and local energy system construction[55] - The successful operation of the energy storage projects is expected to enhance the company's energy resource allocation efficiency[55] - The company aims to deepen cooperation with Ansteel Group to improve internal energy utilization efficiency and enhance its comprehensive energy business scale and profitability[56] Earnings and Expenses - Research and development expenses were not specified but are part of the overall management expenses of ¥50,087,194.75, which increased from ¥39,089,094.00 in the previous period[4] - The company reported a financial expense of ¥14,453,222.19, down from ¥18,391,414.98 in the previous period, indicating improved cost management[4] - The basic earnings per share for the reporting period increased by 77.78% compared to the same period last year[43] - The company reported a basic earnings per share of CNY 0.16, down 21.74% from CNY 0.18 in the previous period[38] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.18, a decrease from CNY 0.23 in Q3 2022[71] Other Financial Metrics - The company's retained earnings decreased to ¥1,155,087,054.31 from ¥1,392,488,262.74, a decline of 17%[4] - Non-operating income from government subsidies recognized during the period was CNY 28,044,929.85, contributing to a total of CNY 69,013,227.90 for the year-to-date[39] - The weighted average return on equity for the period was 2.79%, a decrease of 1.28 percentage points compared to the previous year[38] - Total operating costs for the first three quarters of 2023 amounted to CNY 7,999,593,465.10, compared to CNY 7,775,099,508.74 in the same period of 2022[70]