HDPI(SH:600027)2018-04-27 16:00Financial Performance - Operating revenue for the first quarter was RMB 22.47 billion, an increase of 17.60% year-on-year, driven by growth in power generation and coal trading [14]. - Net profit attributable to shareholders was RMB 687.32 million, a significant increase of 5,707.04% compared to the same period last year, primarily due to increased power generation and higher on-grid electricity prices [14]. - Cash flow from operating activities reached RMB 5.37 billion, up 133.11% year-on-year, reflecting increased revenue from power generation, heating, and coal sales [15]. - Total operating revenue for Q1 2018 was CNY 22,471,788 thousand, an increase of 17.8% compared to CNY 19,109,043 thousand in the same period last year [26]. - Net profit for Q1 2018 reached CNY 795,074 thousand, significantly up from CNY 82,824 thousand in Q1 2017, representing a year-over-year increase of 861.5% [26]. - The total cost of operations for Q1 2018 was CNY 21,711,947 thousand, up from CNY 19,114,306 thousand, indicating a year-over-year increase of 8.4% [26]. - The company received CNY 25,997,694 from sales of goods and services, an increase from CNY 21,954,549 in the previous year [31]. Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 216.10 billion, a decrease of 0.08% compared to the end of the previous year [5]. - The company's total assets as of March 31, 2018, were CNY 216,098,916 thousand, slightly down from CNY 216,278,588 thousand at the beginning of the year [19]. - Current liabilities decreased to CNY 73,070,359 thousand from CNY 80,317,325 thousand at the beginning of the year, a reduction of 9.3% [20]. - Long-term borrowings increased to CNY 68,553,966 thousand from CNY 62,209,160 thousand, reflecting a rise of 10.5% [20]. - The total liabilities as of March 31, 2018, were CNY 159,795,158 thousand, a slight decrease from CNY 160,857,095 thousand at the beginning of the year [20]. Cash Flow and Investments - The company's cash outflow from investing activities was RMB 3.53 billion, an increase of 57.03% year-on-year, driven by increased capital expenditures on infrastructure and technological upgrades [15]. - Cash flow from operating activities generated CNY 5,367,078, a significant increase from CNY 2,302,424 in the previous year [31]. - Total cash inflow from financing activities was CNY 19,085,604, while cash outflow was CNY 20,450,999, resulting in a net cash outflow of CNY 1,365,395 [32]. - Investment activities resulted in a net cash outflow of CNY 3,526,242, compared to a net outflow of CNY 2,245,537 in the previous year [31]. - Investment income for the quarter was RMB 201 million, up 20.42% year-on-year, due to increased earnings from equity investments in coal mines [14]. - The company reported an investment income of CNY 200,864 thousand, compared to CNY 166,799 thousand in the previous year, marking an increase of 20.4% [26]. Shareholder Information - The total number of shareholders at the end of the reporting period was 135,858 [10]. - Earnings per share for Q1 2018 were CNY 0.070, compared to CNY 0.001 in the same quarter last year [26]. Financial Standards and Expenses - The company's financial expenses for the first quarter were RMB 1.30 billion, an increase of 9.91% year-on-year, attributed to rising interest-bearing liabilities and funding costs [14]. - The company received a decrease in financial expenses to CNY 382,718 from CNY 296,286 year-over-year [28]. - The company adopted new accounting standards starting January 1, 2018, which impacted the classification of financial assets and their measurement [12].