长源电力(000966) - 2024 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2024 reached ¥4,224,055,747.26, an increase of 7.7% compared to ¥3,923,397,781.52 in Q1 2023[7] - Net profit for the period was ¥256,785,915.99, up from ¥226,561,978.33, reflecting an increase of about 13.3%[10] - Basic and diluted earnings per share improved to ¥0.0910 from ¥0.0806, indicating a growth of approximately 5.5%[13] - The total profit amounted to ¥356,218,737.30, up from ¥327,009,600.29, reflecting an increase of about 8.9%[10] - The total comprehensive income attributable to the parent company was ¥250,185,633.66, compared to ¥221,492,612.67, an increase of approximately 12.9%[13] - The company reported a significant increase in investment income to ¥5,457,973.73 from a loss of ¥2,784,148.68, indicating a turnaround in performance[10] Cash Flow - Cash flow from operating activities generated a net amount of ¥969,645,088.54, compared to ¥439,079,479.14 in the previous period, an increase of about 120%[16] - The net cash flow from operating activities for Q1 2024 was CNY 969,645,088.54, representing a significant increase of 120.84% year-on-year[27] - Cash outflow from investing activities was ¥1,114,569,129.87, slightly down from ¥1,248,359,309.57, showing a decrease of around 10.7%[16] - Cash flow from financing activities resulted in a net outflow of ¥174,461,005.26, contrasting with a net inflow of ¥769,906,418.87 in the prior period[16] Assets and Liabilities - Total assets decreased to ¥37,250,977,987.97 from ¥37,601,830,440.61, a decrease of 0.9%[6] - Total liabilities decreased to ¥26,672,002,354.93 from ¥27,307,770,070.52, a reduction of 2.3%[6] - Owner's equity increased to ¥10,578,975,633.04 from ¥10,294,060,370.09, an increase of 2.8%[6] - Short-term borrowings decreased to ¥5,628,619,062.45 from ¥6,234,239,370.64, a decline of 9.7%[6] - Long-term borrowings increased to ¥15,262,166,861.84 from ¥14,611,230,478.60, an increase of 4.5%[6] Expenses - Total operating costs increased to ¥3,883,412,464.07 from ¥3,596,432,453.18, representing a growth of approximately 8%[10] - Research and development expenses rose significantly to ¥2,227,184.46 from ¥63,716.77, marking an increase of over 3,390%[10] - Management expenses for Q1 2024 were CNY 37,981,566.83, reflecting a growth of 37.11% year-on-year, primarily due to the timing of management personnel compensation[27] - Financial expenses for Q1 2024 reached CNY 132,783,446.35, an increase of 63.05% compared to the previous year, attributed to increased loan scales and interest expenses from project financing[27] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥299,512,909.12 from ¥607,036,568.09, representing a decline of 50.7%[1] - The net increase in cash and cash equivalents for Q1 2024 was CNY -307,523,658.97, a decrease of CNY 271,457,075.60 year-on-year, mainly due to reduced new borrowings and increased loan repayments[36] - The company’s cash and cash equivalents at the end of the period were CNY 299,512,909.12, compared to CNY 249,074,580.77 at the end of the previous period[19] - The company experienced a 50.66% decrease in cash and cash equivalents at the end of the period, primarily due to repayment of bank loans[48] Operational Metrics - The company completed a total power generation of 9.585 billion kWh, with grid-connected power generation of 9.113 billion kWh, reflecting growth of 9.35% and 9.23% respectively compared to last year[61] - The company’s operating income increased significantly, contributing to the overall improvement in cash flow and financial performance for the quarter[27] Share Issuance - The company plans to issue shares to specific investors, pending approval from the China Securities Regulatory Commission[55]