证券代码：600116 证券简称：三峡水利 公告编号：临 2023-044 号 重庆三峡水利电力(集团)股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 08 月 25 日(星期五) 下午 15:00-16:30 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频录播和网络互动 投资者可于 2023 年 08 月 18 日(星期五) 至 08 月 24 日(星期 四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 sxsl600116@163.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 重庆三峡水利电力(集团)股份有限公司（以下简称"公司"）将 于 2023 年 8 月 18 日发布公司 2023 年半年度报告，为便于广大投资 者更全面深入地了解公司 2023 年半年度经营成果、财 ...

股票代码：600116 股票简称：三峡水利 编号：临 2023-043 号 重庆三峡水利电力（集团）股份有限公司 关于 2023 年度担保计划的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 被担保人名称：重庆三峡水利电力（集团）股份有限公司（以下简称"公 司"）下属全资子公司重庆长电联合供应链管理有限公司（以下简称"供应链公 司"）以及下属全资子公司重庆两江综合能源服务有限公司（以下简称"综合能 源公司"）。 公司于 2023 年 6 月 15 日召开 2022 年年度股东大会，审议通过了《关于 公司 2023 年度担保计划的议案》。2023 年 7 月，公司为供应链公司在相关金融 机构的贷款提供担保 1,021.51 万元，公司为综合能源公司在相关金融机构的贷 款提供担保 2,480 万元。截至 2023 年 7 月 31 日，公司累计担保余额为 127,933.97 万元。 2023 年 7 月份发生的担保中不存在反担保，截至本公告披露日，公司无 逾期担保。 特别风险提示：公司 2023 年 7 ...

Revenue and Profitability - Total operating revenue for Q1 2023 was approximately CNY 2.94 billion, an increase of 28% compared to CNY 2.30 billion in Q1 2022[16] - Net profit for Q1 2023 was a loss of approximately CNY 49.67 million, compared to a profit of CNY 3.27 million in Q1 2022, indicating a decline in profitability[16] - The net profit attributable to shareholders for Q1 2023 was -¥38,401,837.35, compared to a profit of ¥9,859,074.11 in Q1 2022[25] - The net profit attributable to shareholders decreased by 489.51% compared to the same period last year, primarily due to a reduction in self-generated hydropower generation by 313 million kWh and an increase in the average purchase price of electricity[60] - Basic earnings per share dropped by 300.00% year-on-year, reflecting the same factors affecting net profit[60] Operating Costs and Expenses - Total operating costs for Q1 2023 were approximately CNY 3.00 billion, up from CNY 2.15 billion in Q1 2022, reflecting a significant increase in operating expenses[16] - The company reported a significant increase in financial expenses, totaling approximately CNY 61.26 million in Q1 2023, compared to CNY 44.75 million in Q1 2022[16] - The company incurred tax expenses of approximately CNY 11.32 million in Q1 2023, compared to a tax benefit of approximately CNY 9.24 million in Q1 2022[16] - Management expenses for Q1 2023 were CNY 15,365,602.16, an increase of 4.4% from CNY 14,716,110.50 in Q1 2022[81] Cash Flow and Liquidity - The company's net cash flow from investing activities was -¥187,096,574.21, a decrease from -¥762,147,885.85 year-over-year[18] - The company's cash flow from operating activities was not detailed, but the overall cash and cash equivalents increased, suggesting improved liquidity[18] - The cash inflow from operating activities totaled 1,619,937,674.48 RMB, down from 1,927,166,451.81 RMB in the previous year[29] - The company reported a net cash inflow from financing activities of ¥726,924,033.04, a significant increase from ¥91,933,634.10 in the previous year[18] - The company reported a net cash decrease of CNY 59,169,647.20 in Q1 2023, compared to an increase of CNY 19,771,824.58 in Q1 2022[82] Assets and Liabilities - Total liabilities increased to ¥5,342,090,733.12 from ¥5,169,157,415.00, reflecting a growth of approximately 3.34%[19] - The total current liabilities increased to ¥2,385,175,359.25 from ¥2,154,597,850.04, indicating a rise of approximately 10.69%[19] - The total assets at the end of Q1 2023 were 22,494,562,704.80 RMB, reflecting a 2.90% increase from 21,860,417,031.02 RMB at the end of the previous year[35] - The total liabilities of the company reached CNY 11,228,598,320.56 as of March 31, 2023, compared to CNY 10,564,281,972.73 at the end of 2022, indicating an increase of about 6.3%[46] Investment Performance - Investment income for Q1 2023 showed a loss of approximately CNY 11.18 million, contrasting with a profit of CNY 33.57 million in Q1 2022, highlighting challenges in investment performance[16] - The company incurred a loss of CNY 1,833,657.65 from investments in joint ventures and associates in Q1 2023, contrasting with a profit of CNY 1,322,987.66 in Q1 2022[81] Market Conditions and Fair Value - The company recognized a fair value change gain of approximately CNY 10.19 million in Q1 2023, compared to a loss of approximately CNY 206.51 million in Q1 2022, indicating improved market conditions[16] - The weighted average return on equity decreased by 0.44 percentage points, influenced by a reduction in fair value losses on secondary market stocks[60] Guarantees and Risk Management - The company has released guarantees amounting to approximately CNY 69.56 million during the reporting period[11] - The company is actively managing risks associated with a contract dispute involving approximately CNY 20.60 million in receivables[12] - The company reported a guarantee balance of CNY 170,331.07 million, with no overdue guarantees as of the report date[41] - The company has provided guarantees to various subsidiaries, with the largest guarantee amounting to CNY 52,000.00 million for Chongqing Bolian Energy Development Co., Ltd.[42]

Financial Performance - The company achieved a net profit of ¥434,030,316.67 for the year 2022, with a distributable profit of ¥390,627,285 after statutory reserve allocation [6]. - The total accumulated profit available for distribution to shareholders at year-end was ¥1,392,488,262.74, after paying out ¥286,821,435.60 in cash dividends [6]. - The company's operating revenue for 2022 was approximately ¥11.09 billion, representing a 9% increase from ¥10.18 billion in 2021 [39]. - The net profit attributable to shareholders for 2022 was approximately ¥476.22 million, a decrease of 44.95% compared to ¥865.10 million in 2021 [39]. - The net cash flow from operating activities for 2022 was approximately ¥854.60 million, down 35% from ¥1.31 billion in 2021 [39]. - The total assets at the end of 2022 were approximately ¥21.86 billion, reflecting a 2.86% increase from ¥21.25 billion at the end of 2021 [39]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥11.04 billion, an increase of 1.08% from ¥10.92 billion at the end of 2021 [39]. - The basic earnings per share (EPS) dropped to ¥0.25, a decline of 44.44% from ¥0.45 in 2021 [97]. - The weighted average return on equity (ROE) decreased to 4.32%, down 3.90 percentage points from 8.22% in the previous year [97]. Business Development and Strategy - The company is focusing on innovation in key areas such as integrated energy and energy storage technology to enhance its core competitiveness [25]. - The company’s strategic development plan for the 14th Five-Year Plan emphasizes the development of new energy and market-oriented electricity sales [28]. - The company is actively expanding into new business areas, including distributed photovoltaic projects and energy storage, to adapt to market changes [22]. - The company plans to enhance its internal control management system and optimize organizational structure to improve operational efficiency [50]. - The company aims to establish tiered authorization and business expansion incentives to drive internal growth [53]. - The company plans to explore innovative energy services and invest in distributed energy stations and storage facilities to meet low-carbon and energy-saving demands [93]. - The company plans to adjust its main business focus from power production and manganese mining to comprehensive energy services as part of its strategic development plan [132]. - The company is actively pursuing new business opportunities in line with national carbon neutrality goals, indicating a strategic shift towards sustainable energy solutions [174]. Market Position and Operations - The number of market-based electricity sales customers exceeded 3,700, positioning the company among the leaders in the industry [22]. - The company completed the construction and operation of the first comprehensive energy demonstration project in Wanzhou District, which is expected to become a new profit growth point [22]. - The company achieved a 3% increase in electricity supply volume, reaching a historical high during the reporting period [80]. - The company is expanding its energy supply capabilities in key regions such as the Yangtze River Economic Belt and coastal economically developed areas [57]. - The company is expanding its market strategy to focus on integrated energy projects with industrial synergy effects across the Yangtze River Basin and coastal areas [137]. - The company is actively exploring mixed-ownership reform, leveraging both state and non-state capital for high-quality development [141]. Challenges and Risks - The company acknowledges the challenges faced in 2022, including complex macroeconomic conditions and intense market competition [21]. - The company reported a significant decrease in non-operating income, primarily due to fair value changes in financial assets [43]. - The company reported a decrease in minority shareholder profit to -6,212,997.09 from 8,310,547.30, a decline of 174.76% year-over-year [124]. - The company's utilization hours decreased to 2,768 hours, down 27.22% from 3,804 hours in the previous year [189]. Investments and Projects - The company has significant investments in construction projects, totaling 644,588,878.96 thousand yuan, which is 2.95% of total assets, down 45.37% from the previous period [3]. - The company has invested 121.9 million in the centralized control transformation project for power plants, with cumulative investment reaching 92.5781 million by the end of the reporting period [193]. - The company has completed the investment and construction of the thermal power cogeneration project in Wanzhou Economic Development Zone, contributing to revenue growth [148]. - The company has allocated 67,321 million CNY for the construction of the Chongqing Longxing Ganfeng Energy Station project, with a cumulative investment of 3,081.05 million CNY, achieving 4.58% of the funding progress [174]. Financial Stability and Governance - The company received government subsidies related to rural electrification and other projects, contributing to its financial performance [44]. - The company has a strong resource integration capability and a stable user base, with significant advantages in market expansion and collaboration with local governments [141]. - The company is committed to optimizing its internal control system and enhancing its governance structure to improve operational quality [82]. - The company received an "A" rating for information disclosure from the Shanghai Stock Exchange for 2022, reflecting its commitment to high-quality governance and transparency [82].

证券代码：600116 证券简称：三峡水利 公告编号：临 2023-022 号 重庆三峡水利电力(集团)股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 一、 说明会类型 本次投资者说明会以视频录播结合网络互动召开，公司将针对 2022 年度及 2023 年第一季度经营成果及财务指标的具体情况与投资 者进行互动交流和沟通，在信息披露允许的范围内就投资者普遍关注 的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 04 月 26 日 上午 10:00-11:30 （二） 会议召开地点：上证路演中心 会议召开时间：2023 年 04 月26 日(星期三) 上午 10:00-11:30 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频录播和网络互动 投资者可于 2023 年 04 月 19 日(星期三) 至 0 ...

| --- | --- | |--------------|----------------------------------------------------------------------------------------------------------------------------------------| | | 重庆三峡水利电力（集团）股份有限公司 \n机构调研会议记录 | | 会议时间 | 2022 年 4 月 28 日 16:00-17:00 | | 会议地点 | 重庆渝北区金开大道 99 号升伟晶石公元 11 栋 | | 会议方式 | 电话会议 总经理周泽勇、董事会秘书车亚平、证券事务代表王静、 | | 参会人员 | 董事会办公室副主任师清誉 申万宏源刘晓宁、查浩，中海基金魏敏，兴业证券刘平 一、董事会秘书车亚平介绍 2021 年度及 2022 年第一季度 | | 会议主要内容 | 业绩及经营情况 二、调研机构提问 | | | 一、对于新业务的战略发展，有无具体的规划？ | | | 答："十四五"期间，三峡水利的主要业务方向是： | | | 一是传统配售电业务。公司自有电源 ...

| --- | --- | |--------------|--------------------------------------------------------------------------------------------------------------| | | 重庆三峡水利电力（集团）股份有限公司 \n机构调研会议记录 | | 会议时间 | 2022 年 6 月 7 日 16:00-17:15 | | 会议地点 | 重庆渝北区金开大道 99 号升伟晶石公元 11 栋 | | 会议方式 | 通讯会议 | | 参会人员 | 董事会秘书车亚平、证券事务代表王静、董事会办公室副 主任师清誉 嘉实基金徐颖婷、卓佳亮、熊昱洲、董福焱、颜伟鹏 | | 会议主要内容 | 调研机构提问 | | | 一、 2021 年发电量及目前发电量情况？ | | | 答： 2021 年度公司下属及控股公司水电站累计完成发 | | | 电量 27.8147 亿千瓦时； 2022 年第一季度公司下属及控股 | | | 公司水电站累计完成发电量 4.1587 亿千瓦时，同比上升 24.33% 。 | | | 二、万州 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥3,036,420,748.34, representing an increase of 18.27% compared to ¥2,567,297,445.38 in the same period last year[6] - Net profit attributable to shareholders was ¥166,800,676.84, a decrease of 56.04% from ¥379,419,796.38 year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥88,657,978.16, down 64.24% from ¥247,904,247.74 in the previous year[6] - The basic earnings per share for the period was ¥0.09, a decline of 55.00% compared to ¥0.20 in the same period last year[6] - The weighted average return on net assets decreased to 1.51%, down 2.05 percentage points from 3.56% year-on-year[9] - Total operating revenue for the first three quarters of 2022 reached ¥8,250,013,359.65, an increase from ¥7,134,643,184.87 in the same period of 2021, representing a growth of approximately 15.7%[45] - The net profit for the current period is CNY 447,879,605.93, a decrease from CNY 842,610,102.60 in the previous period, representing a decline of approximately 46.8%[48] - The total profit for the current period is CNY 510,167,790.21, down from CNY 1,009,359,110.95, indicating a decrease of about 49.5%[48] - The operating profit stands at CNY 515,107,089.26, compared to CNY 1,011,241,816.94 in the previous period, reflecting a decline of approximately 49.1%[48] - The company's net profit for the first three quarters of 2022 was not explicitly stated but can be inferred from the decrease in retained earnings from ¥1,288,682,413.34 to ¥1,053,134,512.94[60] - Net profit for the first three quarters of 2022 was CNY 51,273,535.20, a decrease from CNY 88,038,373.98 in the same period of 2021, representing a decline of approximately 42%[63] Assets and Liabilities - Total assets at the end of the period were ¥22,399,505,064.87, an increase of 5.40% from ¥21,251,901,578.84 at the end of the previous year[9] - The company's total assets amounted to ¥22,399,505,064.87, compared to ¥21,252,056,308.22 in the previous year, reflecting a growth of approximately 5.4%[42] - Total liabilities increased to ¥11,047,162,866.37 from ¥10,041,517,031.47, marking a rise of about 10%[42] - The company's total liabilities increased to ¥4,744,922,313.08 from ¥3,585,169,350.40 year-over-year[58] - Long-term borrowings decreased to ¥3,843,664,740.26 from ¥4,214,609,740.26, showing a reduction of about 8.8%[42] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥243,142,831.10, a decrease of 22.86% from ¥315,198,963.48 in the same period last year[6] - The cash flow from operating activities is CNY 243,142,831.10, down from CNY 315,198,963.48, showing a decrease of about 22.8%[53] - The cash inflow from investment activities is CNY 1,249,024,218.51, an increase from CNY 754,915,749.77, representing a growth of approximately 65.5%[53] - The cash outflow from investment activities is CNY 1,941,899,421.48, down from CNY 2,156,821,858.40, indicating a decrease of about 10%[53] - The cash inflow from financing activities is CNY 3,813,100,000.00, compared to CNY 4,269,123,489.38 in the previous period, reflecting a decrease of approximately 10.7%[53] - The cash outflow for repaying debts is CNY 3,005,660,000.00, down from CNY 3,188,781,200.00, indicating a decrease of about 5.8%[53] - The company reported a significant increase in cash received from operating activities, totaling CNY 5,661,665,063.17, compared to CNY 3,588,912,734.01 in the previous year[65] Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,557[17] - China Yangtze Power Co., Ltd. holds 244,047,004 shares, accounting for 12.76% of total shares, with 65,712,202 shares under lock-up conditions[21] - Chongqing Xinyu Energy Technology (Group) Co., Ltd. holds 187,771,797 shares, representing 9.82% of total shares, with 56,331,540 shares pledged[21] - Chongqing Fuling Energy Industry Group Co., Ltd. holds 153,648,628 shares, which is 8.04% of total shares[21] - The company's major shareholders include state-owned enterprises, with significant stakes held by China Yangtze Power and Chongqing Xinyu Energy[21] Environmental and Legal Issues - The company faced a fine of 330,000 yuan and the confiscation of illegal income of approximately 1.06 million yuan due to environmental violations by its subsidiary Guizhou Wuling Manganese Industry[32] - The company is currently undergoing an ecological environment damage compensation procedure initiated by the local environmental authority, which is expected to have a controllable impact on its operations[35] - The company has initiated a lawsuit regarding a loan contract dispute, with potential uncertainties affecting its 2022 performance[31] Investment Plans - The company plans to invest up to 1.277 billion yuan in the Chongqing Fuling Baotao Chemical Park cogeneration project, with an expected annual power generation of approximately 2.1 billion kWh and a maximum heating capacity of 1.5 million tons[29] - The company will invest up to 1.265 billion yuan in the Chongqing Wanzhou gas power generation project, with an expected annual power generation of approximately 1.15 billion kWh[29] - The company has approved an investment of up to 711.98 million yuan for the Chongqing Qianjiang 100 MW wind power project, with an expected annual grid-connected electricity of approximately 216 million kWh[30] - The company aims to strengthen its electricity supply capabilities and expand its market presence through strategic investments in energy projects[29] Research and Development - The company's research and development expenses for the first three quarters of 2022 were ¥39,089,094.00, down from ¥59,797,595.67 in the previous year[60]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 5,213,592,611.31, representing a 14.15% increase compared to CNY 4,567,345,739.49 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 34.87% to CNY 281,275,721.26 from CNY 431,891,742.88 year-on-year[21]. - The net cash flow from operating activities increased by 51.44% to CNY 218,763,321.73, compared to CNY 144,451,261.85 in the previous year[21]. - The total assets of the company as of the end of the reporting period were CNY 22,568,203,040.26, a 6.19% increase from CNY 21,252,056,308.22 at the end of the previous year[21]. - The basic earnings per share for the first half of 2022 was CNY 0.15, down 34.78% from CNY 0.23 in the same period last year[24]. - The weighted average return on net assets decreased by 1.62 percentage points to 2.54% from 4.16% year-on-year[24]. - The decline in net profit was primarily due to a decrease in the fair value of shares subscribed by a wholly-owned subsidiary and a drop in the sales volume and gross margin of electrolytic manganese[25]. - The increase in net cash flow from operating activities was attributed to the recovery of last year's trade receivables and an increase in VAT refunds[25]. - The company reported a non-operating loss of RMB 205,481,385.51 from fair value changes in trading financial assets and liabilities[26]. - The company reported a net profit of 4,838 million yuan for the first half of 2022, a decrease of 33.16% year-on-year, primarily due to reduced investment income from joint ventures[94]. Revenue and Sales - The company reported a 22% increase in self-generated electricity, with electricity business profits rising by 53.51%, reaching a historical high for the same period[47]. - The company signed contracts with 706 users for a total contracted electricity volume exceeding 11.3 billion kilowatt-hours, with actual settlement electricity volume exceeding 5 billion kilowatt-hours in the first half of 2022[50]. - The total output of electrolytic manganese for the first half of 2022 was 17,000 tons, with sales reaching 30,000 tons[37]. - The average factory price of electrolytic manganese in the first half of 2022 was approximately RMB 25,200 per ton, reflecting a significant decline compared to the end of 2021[36]. Investments and Projects - The company invested 1.11 billion yuan in the first comprehensive energy demonstration project in Wanzhou, which has successfully completed the construction of three boilers and two generators[50]. - The company has initiated 24 user-side energy storage projects with a total capacity of 36.42 MWh, of which 6 projects with a total capacity of 12.2 MWh have been completed and put into operation[50]. - The company has a cumulative investment plan of 1.098 billion yuan for rural power grid renovation and upgrading projects[76]. - The company has initiated new investments in various sectors, including high-end equipment, medical devices, new energy, and biomedicine[72]. - The company is focusing on technology innovation and the transformation of scientific achievements as key investment targets[72]. Environmental and Social Responsibility - The company is actively promoting green low-carbon development by focusing on clean energy alternatives, particularly through the application of electric heavy trucks, contributing to the "dual carbon" goals of carbon peak and carbon neutrality[147]. - The company has implemented a comprehensive plan to consolidate poverty alleviation achievements and effectively connect with rural revitalization, ensuring zero return to poverty for 125 households in Wanzi Township[150]. - The company has engaged in community support activities, including educational assistance for impoverished households and care for left-behind children[150]. - The company’s subsidiary, Chongqing Wanzhou District Heating Co., achieved organized legal emissions of waste gas, with total emissions of nitrogen oxides at 28.65 tons, sulfur dioxide at 37.56 tons, and smoke dust at 1.823 tons in the first half of 2022[114]. Corporate Governance and Management - The company has established a flexible and comprehensive incentive and constraint mechanism to effectively stimulate employee enthusiasm and creativity, laying a solid foundation for high-quality development[43]. - The company is focusing on internal management integration and talent development to support its strategic growth amid expanding operations[99]. - The company held two shareholder meetings in 2022, including the first extraordinary meeting on April 15, 2022, and the annual meeting on June 22, 2022, with all resolutions passed legally and effectively[105]. - The company did not propose any profit distribution or capital reserve increase plan for the reporting period[111]. Legal and Compliance Issues - The company is involved in a lawsuit with Chongqing Xiushan Sanrun Mining Co., with a disputed amount of RMB 50.62 million, and has recognized a bad debt provision of RMB 2.8 million as of June 30, 2022[179]. - The company has a court ruling requiring Jia Yuan Mining to repay RMB 62.10 million, with additional penalties and legal fees totaling RMB 1.5 million, and has recognized a bad debt provision of RMB 46 million[180]. - The company is pursuing arbitration against Beijing Qigao Technology for an outstanding payment of approximately RMB 20.60 million, with a potential interest of 15% per annum on the delayed payment[182]. - The company has initiated litigation against Sanwu Meiguo for overdue project payments totaling RMB 35.69 million, plus penalties and additional costs[184].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,301,896,713.38, representing a year-on-year increase of 12.03%[6] - Net profit attributable to shareholders of the listed company was CNY 9,859,074.11, a significant decrease of 93.81% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY 134,203,641.81, down by 8.17% year-on-year[6] - Basic earnings per share decreased by 87.50% to CNY 0.01[9] - Operating profit for Q1 2022 was a loss of ¥6,532,131.96, compared to a profit of ¥179,092,593.11 in Q1 2021[36] - Net profit for Q1 2022 was ¥3,270,861.74, down from ¥158,562,217.39 in Q1 2021, indicating a significant decline[36] - The net profit attributable to shareholders of the parent company for Q1 2022 was CNY 9,859,074.11, compared to CNY 159,356,499.40 in Q1 2021, indicating a significant decline[38] - The total comprehensive income for Q1 2022 was CNY 3,270,861.74, compared to CNY 158,562,217.39 in Q1 2021[38] - The total comprehensive income for Q1 2022 was CNY 19,140,979.43, compared to CNY 26,729,785.39 in Q1 2021, indicating a decrease[55] Cash Flow - The net cash flow from operating activities increased significantly by 631.45% to CNY 187,055,068.11[6] - The net cash flow from operating activities for Q1 2022 was CNY 187,055,068.11, a recovery from a negative cash flow of CNY -35,197,218.41 in Q1 2021[42] - Cash inflow from operating activities totaled CNY 1,927,166,451.81, up from CNY 1,136,366,357.88 in the previous year, reflecting a growth of approximately 69.7%[55] - Cash outflow from operating activities increased to CNY 2,606,096,664.44, compared to CNY 1,159,120,355.00 in Q1 2021, representing an increase of about 124.0%[55] - Total cash inflow from financing activities in Q1 2022 was CNY 1,779,700,000.00, up from CNY 1,375,230,000.00 in Q1 2021[44] - Cash inflow from financing activities was CNY 1,699,700,000.00 in Q1 2022, significantly higher than CNY 260,060,000.00 in Q1 2021, marking an increase of approximately 553.4%[57] - The net cash flow from financing activities was CNY 1,128,857,019.05, compared to CNY 212,372,796.12 in the previous year, indicating a substantial increase[57] Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,739,642,111.80, an increase of 2.30% from the end of the previous year[9] - The total current assets increased to approximately RMB 5.10 billion from RMB 4.77 billion year-over-year[27] - The total liabilities for the company were RMB 208,365.39 million, with no overdue guarantees reported[24] - Total liabilities rose to ¥10,515,998,241.04 in Q1 2022, up from ¥10,041,517,031.47 in Q1 2021, reflecting an increase of 4.7%[32] - Non-current liabilities totaled ¥5,920,727,764.89 in Q1 2022, compared to ¥5,009,364,927.06 in Q1 2021, representing a year-over-year increase of 18.2%[32] - The total equity increased to ¥10,017,991,946.60 from ¥9,988,850,967.17, showing a slight growth of about 0.3%[49] Shareholder Information - The total number of common shareholders at the end of the reporting period was 47,609[18] - The largest shareholder, China Yangtze Power Co., Ltd., holds 236,037,004 shares, accounting for 12.34% of total shares[18] Operational Highlights - The company's cash flow from trade business improved due to the recovery of accounts receivable and a decrease in inventory procurement costs[10] - The company experienced a 24.33% year-on-year increase in self-generated hydropower output, contributing positively to its electricity business[9] - The company reported a significant increase in sales expenses by 92.83%, attributed to the expansion of electricity and new energy business[15] - The company is focusing on market expansion and new technology development as part of its strategic initiatives moving forward[53] Inventory and Receivables - The company's receivables increased significantly, with accounts receivable reaching RMB 1.22 billion compared to RMB 721.90 million in the previous year[27] - The company’s inventory decreased to RMB 252.42 million from RMB 421.42 million year-over-year[27]