HDPI(SH:600027)2016-04-26 16:00Financial Performance - Operating revenue for the first quarter was RMB 16.85 billion, down 7.33% year-on-year, primarily due to the national adjustment of on-grid electricity prices[12] - The net profit attributable to shareholders of the listed company was RMB 1.82 billion, a decrease of 11.29% year-on-year[12] - The net cash flow from operating activities was RMB 6.64 billion, a decrease of 31.11% year-on-year[13] - Basic earnings per share for the first quarter were RMB 0.184, a decrease of 21.03% year-on-year[6] - Total revenue for Q1 2016 was CNY 16,854,380, a decrease of 7.3% from CNY 18,187,764 in the previous year[27] - Net profit for Q1 2016 was CNY 2,436,614, a decline of 9.3% compared to CNY 2,686,228 in the same period last year[27] - The company reported an operating profit of CNY 3,215,788, a decrease of 5.4% from CNY 3,400,920 in the previous year[27] - Basic earnings per share for Q1 2016 were CNY 0.184, down from CNY 0.233 in the previous year[28] - Net profit for the current period is CNY 587,617, a decline of 28.8% compared to CNY 822,571 in the previous period[31] - Total comprehensive income for the current period is CNY 587,617, down from CNY 821,610 in the previous period[31] Asset and Liability Management - The company's total assets at the end of the reporting period were RMB 204.90 billion, a decrease of 0.85% compared to the end of the previous year[6] - The company's current assets totaled CNY 22,775,344 thousand, down from CNY 23,975,951 thousand at the beginning of the year, indicating a decline of approximately 5%[18] - The total liabilities decreased from CNY 150,755,536 thousand to CNY 146,897,316 thousand, reflecting a reduction of about 2.3%[20] - The company's equity attributable to shareholders increased from CNY 42,368,831 thousand to CNY 44,039,460 thousand, representing a growth of approximately 3.9%[20] - Cash and cash equivalents stood at CNY 9,542,253 thousand, slightly down from CNY 9,584,650 thousand, indicating a decrease of about 0.4%[18] - Accounts receivable decreased from CNY 7,901,918 thousand to CNY 6,768,479 thousand, a decline of approximately 14.3%[18] - Inventory levels decreased from CNY 2,052,855 thousand to CNY 1,738,388 thousand, reflecting a reduction of about 15.3%[18] - Short-term borrowings decreased from CNY 13,161,595 thousand to CNY 11,708,002 thousand, a decrease of approximately 11.1%[19] Cash Flow Analysis - The company's financial expenses for the first quarter were RMB 1.26 billion, a decrease of 20.56% year-on-year, due to a decline in the cost of funds[12] - Cash flow from operating activities generated CNY 6,641,125, down 31.0% from CNY 9,639,915 in the previous period[35] - Cash flow from investing activities resulted in a net outflow of CNY 3,058,757, slightly improved from CNY 3,097,625 in the previous period[36] - Cash flow from financing activities showed a net outflow of CNY 3,427,255, compared to CNY 4,084,650 in the previous period, indicating a reduction in cash outflow[36] - The company’s cash and cash equivalents at the end of the period amounted to CNY 9,393,193, an increase from CNY 8,243,191 in the previous period[36] - The company’s financial expenses decreased to CNY 298,869, down 15.4% from CNY 353,397 in the previous period[31] Strategic Initiatives - The company has committed to actively promoting the management incentive plan following the implementation of relevant regulations, indicating a strategic focus on management alignment[14] - China Huadian plans to conduct annual assessments of non-listed conventional energy generation assets for potential injection into the company, aiming for completion within three years once conditions are met[14]