内蒙华电(600863) - 2024 Q1 - 季度财报

Revenue and Sales Performance - Revenue for Q1 2024 decreased by 7.43% to RMB 5,571,659,903.02 compared to the same period last year[4] - The decrease in revenue was primarily due to a drop in electricity sales volume and price[9] - Total revenue for Q1 2024 was 5,571,659,903.02 RMB, a decrease from 6,019,045,622.49 RMB in Q1 2023[20] - Sales revenue from goods and services in Q1 2024 was 450.6 million RMB, a decrease from 462.7 million RMB in Q1 2023[33] - Revenue decreased from 419,406,627.48 yuan to 403,343,925.27 yuan[30] Profit and Earnings - Net profit attributable to shareholders increased by 2.96% to RMB 888,410,325.67 year-over-year[4] - The increase in net profit was driven by lower fuel procurement costs and reduced financial expenses[9] - Net profit for Q1 2024 was 1,061,926,510.41 RMB, slightly down from 1,073,385,638.61 RMB in Q1 2023[22] - Net profit attributable to parent company shareholders was 888,410,325.67 RMB in Q1 2024, up from 862,852,053.36 RMB in Q1 2023[22] - Net profit significantly decreased from 1,411,066,145.89 yuan to 20,083,119.55 yuan[31] Cash Flow and Financial Activities - Operating cash flow decreased by 26.18% to RMB 971,621,537.86 due to lower electricity sales volume and price[5] - Net cash flow from operating activities decreased to 971,621,537.86 from 1,316,149,880.00[25] - Net cash flow from investing activities improved to -158,157,725.83 from -326,793,997.32[25] - Net cash flow from financing activities worsened to -1,046,578,503.21 from -899,583,838.62[26] - Operating cash flow for Q1 2024 was -51.4 million RMB, compared to -964,107 RMB in Q1 2023[33] - Net cash flow from financing activities in Q1 2024 was -751.5 million RMB, slightly improved from -759.5 million RMB in Q1 2023[34] Assets and Liabilities - Total assets at the end of Q1 2024 increased by 0.48% to RMB 39,667,765,992.65 compared to the end of the previous year[5] - Shareholders' equity increased by 5.42% to RMB 19,315,006,135.57[5] - Total liabilities increased to 15,178,190,995.44 RMB in Q1 2024 from 16,174,430,673.02 RMB in the previous period[18] - Total equity rose to 24,489,574,997.21 RMB in Q1 2024, up from 23,304,838,961.17 RMB in the previous period[19] - Total assets for Q1 2024 were 39,667,765,992.65 RMB, slightly up from 39,479,269,634.19 RMB in the previous period[19] - Total assets decreased from 25,026,020,454.73 yuan to 24,294,406,312.47 yuan[29] - Total liabilities decreased from 9,189,427,332.80 yuan to 8,405,911,340.24 yuan[30] - Total equity slightly decreased from 15,836,593,121.93 yuan to 15,888,494,972.23 yuan[30] Costs and Expenses - Total operating costs for Q1 2024 were 4,467,078,094.05 RMB, down from 4,871,638,904.08 RMB in Q1 2023[20] - Interest expenses decreased to 77,350,838.99 RMB in Q1 2024 from 114,480,278.00 RMB in Q1 2023[22] - Income tax expense for Q1 2024 was 160,681,678.25 RMB, up from 155,542,073.96 RMB in Q1 2023[22] - Operating costs decreased from 468,867,549.18 yuan to 443,799,289.44 yuan[30] Investments and Equity - Non-recurring gains and losses amounted to RMB 30,441,626.51, including RMB 32,776,522.67 from disposal of non-current assets[7][8] - Long-term equity investments were 1,971.99220078 billion yuan, an increase from 1,897.49076676 billion yuan in the previous period[17] - Other equity instrument investment fair value change increased to 27,512,739.84 from 18,176,822.81[23] - Long-term equity investments increased from 14,414,063,393.27 yuan to 14,488,564,827.29 yuan[29] Comprehensive Income and Earnings Per Share - Comprehensive income total slightly decreased to 1,089,421,876.25 from 1,091,567,044.74[23] - Basic earnings per share (EPS) increased by 3.13% to RMB 0.132[5] - Basic earnings per share increased to 0.132 from 0.128[23] - Total comprehensive income decreased from 1,428,987,135.85 yuan to 48,565,644.36 yuan[32] Inventory and Receivables - Inventory was 430.15704112 million yuan, an increase from 304.33100372 million yuan in the previous period[17] - Accounts receivable were 4,363.95741065 billion yuan, an increase from 4,313.29990974 billion yuan in the previous period[16] - Accounts receivable decreased to 510,938,415.24 from 530,324,607.54[27] - Inventory decreased to 52,857,987.29 from 67,050,578.12[27] Cash and Cash Equivalents - The company's monetary funds were 1,555.87684260 billion yuan, a decrease from 1,594.92076158 billion yuan in the previous period[16] - Cash and cash equivalents at the end of the period decreased to 1,114,226,357.83 from 1,347,340,980.53[26] - Cash and cash equivalents at the end of Q1 2024 were 56.6 million RMB, up from 44.9 million RMB at the end of Q1 2023[34] Production and Sales Volume - The company's electricity generation was 14.436 billion kWh, a year-on-year decrease of 0.91%, with an average selling price of 350.61 yuan per MWh (excluding tax), a year-on-year decrease of 7.42%[15] - Coal production was 3.287 million tons, a year-on-year decrease of 0.12%, and coal sales were 1.5547 million tons, a year-on-year decrease of 0.97%[15] - The average coal selling price was 417.35 yuan per ton (excluding tax), a year-on-year decrease of 2.55%[15] - The standard coal price was 587.81 yuan per ton, a year-on-year decrease of 6.84%[15] Operating Profit and Costs - Operating profit for Q1 2024 was 1,224,637,206.90 RMB, compared to 1,220,209,060.43 RMB in Q1 2023[22] - The company achieved a total profit of 12,226.082 million yuan, a year-on-year decrease of 0.51%, and a net profit of 10,619.265 million yuan, a year-on-year decrease of 1.07%[15] Other Financial Metrics - The company adjusted its Q1 2023 net profit by RMB 1,642,084.02 following regulatory instructions[6] - Cash received from sales of goods and services decreased to 5,714,906,127.15 from 6,180,362,555.44[24] - Cash received from investment returns in Q1 2024 was 7.04 million RMB, significantly lower than 351.5 million RMB in Q1 2023[33] - Investment cash inflow in Q1 2024 was 877.2 million RMB, down from 1.99 billion RMB in Q1 2023[33] - Cash outflow for investments in Q1 2024 was 387.9 million RMB, compared to 1.35 billion RMB in Q1 2023[34] - Long-term receivables increased from 5,259,620,900.00 yuan to 5,020,340,900.00 yuan[29] - Other current assets decreased from 33,541,491.95 yuan to 30,240,958.51 yuan[29]