Tao Huang's questions to HUNGF leadership • Q3 2023
Question
Asked about the drivers of improved Q3 cash flow, details on ancillary service payments and capacity payments, and the performance outlook for the Singapore (Tuas) operations.
Answer
The Q3 operating cash flow improvement was attributed to collecting CNY 1.2 billion in renewable subsidies and a significant positive change from inventory management. Ancillary service revenue was CNY 1.892 billion, with capacity payments being a separate system. The Singapore operation's profit decreased in Q3 from Q2 due to market factors, with stable but lower profits expected in Q4.