ZZEPC(SH:600023)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥1.47 billion, representing a year-on-year increase of 16.10%[6]. - Operating revenue for the period was ¥8.12 billion, down 15.80% compared to the same period last year[6]. - Net cash flow from operating activities was ¥4.16 billion, a decrease of 5.26% year-on-year[6]. - The weighted average return on equity decreased by 0.26 percentage points to 2.62%[6]. - Basic and diluted earnings per share remained unchanged at ¥0.11[6]. - The company reported a net profit warning for the year, indicating potential losses or significant changes compared to the previous year[17]. - Total operating revenue for Q1 2016 was CNY 8,116,809,461.50, a decrease of 15.8% compared to CNY 9,640,446,020.49 in the same period last year[25]. - Net profit for Q1 2016 was CNY 1,684,361,619.41, an increase of 12.2% from CNY 1,500,849,043.23 in the previous year[26]. - The profit attributable to the parent company's shareholders was CNY 1,472,819,984.04, up 16.0% from CNY 1,268,565,123.47 year-over-year[26]. - Other comprehensive income after tax showed a loss of CNY 440,650,092.68, contrasting with a gain of CNY 26,393,488.94 in the previous year[26]. - The total comprehensive income for Q1 2016 was CNY 1,243,711,526.73, down from CNY 1,527,242,532.17 year-over-year[27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥103.81 billion, a slight increase of 0.14% compared to the end of the previous year[6]. - The company's current assets increased to CNY 22.62 billion from CNY 21.59 billion, representing a growth of approximately 4.76%[18]. - The total liabilities decreased to CNY 38.70 billion from CNY 39.79 billion, a reduction of about 2.74%[20]. - The company's long-term equity investments increased to CNY 15.70 billion from CNY 15.06 billion, reflecting a growth of approximately 4.29%[19]. - The non-current assets totaled CNY 81.19 billion, down from CNY 82.07 billion, a decrease of about 1.07%[19]. - The company's total owner's equity rose to CNY 65.11 billion from CNY 63.87 billion, an increase of approximately 1.95%[20]. - The short-term borrowings decreased to CNY 5.60 billion from CNY 6.33 billion, a decline of about 11.51%[20]. - The total liabilities amounted to CNY 1,940,557,761.85, a decrease from CNY 2,341,595,840.31 in the previous year[23]. - Total equity increased slightly to CNY 54,866,439,304.29 from CNY 54,565,587,868.25 year-over-year[23]. Cash Flow - Operating cash inflow for the current period is CNY 10,749,393,270.77, a decrease of 17.3% from CNY 12,996,013,055.88 in the previous period[30]. - Cash outflow from investing activities is CNY 1,059,753,635.33, a decrease of 29.5% compared to CNY 1,503,145,019.16 in the previous period[31]. - Cash inflow from financing activities is CNY 2,992,704,340.95, significantly higher than CNY 1,022,000,000.00 in the previous period[31]. - Cash and cash equivalents at the end of the period total CNY 14,883,146,932.56, down from CNY 16,466,672,078.06 in the previous year[31]. - Cash and cash equivalents increased by CNY 2,426,811,736.83 during the period, compared to an increase of CNY 1,919,988,310.77 in the previous year[31]. - Total cash inflow from operating activities includes CNY 131,296,202.40 in tax refunds, up from CNY 3,856,700.00 in the previous period[30]. - Cash outflow for purchasing goods and services is CNY 4,442,064,119.57, a decrease of 29.9% from CNY 6,331,355,526.76 in the previous period[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 274,682[9]. - Zhejiang Energy Group Co., Ltd. held 69.94% of the shares, making it the largest shareholder[9]. Non-Operating Income and Expenses - The company reported non-operating income of ¥25.21 million from various non-recurring items[8]. - Non-operating income increased by 174.77% to ¥51.30 million from ¥18.67 million, mainly due to increased government subsidies and gains from the disposal of non-current assets[12]. - Non-operating expenses increased by 70.41% to ¥27.28 million from ¥16.01 million, primarily due to increased water conservancy fund contributions and losses from the disposal of non-current assets[12]. Commitments and Projects - The Ningxia Zaoquan Power Plant project (2×600MW) is still awaiting final approval from national authorities, creating uncertainty regarding its implementation[14]. - Zhejiang Energy Group committed to compensating Zhejiang Energy Power for any actual losses incurred due to violations of the commitment letter[14]. - Zhejiang Energy Group guarantees not to seek preferential conditions in market transactions compared to third parties[14]. - The establishment of China Nuclear Zhejiang Energy Co., Ltd. is in progress, focusing on nuclear power projects, with uncertainty regarding the final implementation of these projects[16]. - Zhejiang Energy Group will allow Zhejiang Energy Power to acquire shares in China Nuclear Zhejiang Energy once any nuclear project receives final approval from relevant authorities[16]. - Zhejiang Energy Financial Company has been established to enhance fund management efficiency, operating independently and in compliance with regulations[16]. - Zhejiang Energy Group plans to increase its shareholding in the company within six months if the stock price deviates from its reasonable value[16]. - Zhejiang Energy Group and its affiliates will not reduce their shareholding in the company for the next 12 months[16]. - The commitment to maintain the independence of Zhejiang Energy Power's operations is long-term and effective[15].