SEP(SH:600021)2017-04-27 16:00Financial Performance - Operating revenue for the period was CNY 4,461,156,286.18, representing a 6.33% increase year-on-year [6]. - Net profit attributable to shareholders decreased by 78.04% to CNY 73,227,430.76 compared to the same period last year [6]. - Basic earnings per share fell by 78.05% to CNY 0.0342 compared to CNY 0.1558 in the same period last year [6]. - The weighted average return on equity decreased by 2.49 percentage points to 0.71% [6]. - Total operating revenue for the current period reached ¥4,461,156,286.18, an increase of 6.3% compared to ¥4,195,695,862.97 in the previous period [27]. - Operating profit decreased significantly to ¥274,198,229.49, down 63.3% from ¥745,168,366.75 in the previous period [27]. - Net profit for the current period was ¥185,776,057.33, a decline of 68.1% compared to ¥582,186,755.27 in the previous period [28]. - Total profit for the current period was ¥285,497,447.34, a decrease of 62.7% from ¥764,594,884.77 in the previous period [28]. - Other comprehensive income after tax was -¥56,656,379.20, compared to -¥8,308,596.37 in the previous period [28]. - Investment income for the current period was ¥155,619,894.27, down from ¥171,906,456.90 in the previous period [27]. - The company reported a significant increase in financial expenses to ¥285,029,549.94, compared to ¥272,145,392.45 in the previous period [27]. Cash Flow - Net cash flow from operating activities dropped by 79.10% to CNY 336,143,402.30 compared to the previous year [6]. - Cash inflow from operating activities for Q1 2017 was CNY 4,741,864,267.63, a decrease of 3.0% from CNY 4,890,882,524.25 in the previous period [32]. - Net cash outflow from investing activities was CNY -497,420,762.51, an improvement from CNY -575,608,356.61 in the previous period [33]. - Cash inflow from financing activities totaled CNY 5,302,081,218.02, up from CNY 5,117,707,746.04 in the previous period, reflecting a growth of 3.6% [33]. - The ending balance of cash and cash equivalents was CNY 3,286,231,014.58, down from CNY 5,612,554,517.18, a decrease of 41.5% [33]. - Cash received from sales of goods and services was CNY 1,192,555,807.53, an increase of 33.6% from CNY 894,315,694.31 in the previous period [35]. - The net cash flow from operating activities for the parent company was CNY -13,948,342.22, a decline from CNY 132,523,844.69 in the previous period [35]. - Cash inflow from investment activities for the parent company was CNY 340,020,579.63, an increase from CNY 266,974,715.69 in the previous period [36]. - The net cash flow from financing activities for the parent company was CNY 127,496,872.72, a decrease from CNY 1,215,597,460.85 in the previous period [36]. Assets and Liabilities - Total assets increased by 1.64% to CNY 56,463,824,868.98 compared to the end of the previous year [6]. - Current liabilities rose to ¥17.01 billion from ¥16.86 billion, an increase of about 0.84% [22]. - Short-term borrowings surged to ¥5.90 billion, up from ¥3.09 billion, reflecting an increase of approximately 90.5% [21]. - Long-term borrowings slightly increased to ¥10.52 billion from ¥10.45 billion, a growth of about 0.67% [22]. - Total liabilities reached ¥40.43 billion, compared to ¥39.70 billion, marking an increase of approximately 1.84% [22]. - Owner's equity totaled ¥16.03 billion, up from ¥15.85 billion, indicating a growth of about 1.18% [22]. - Cash and cash equivalents decreased to ¥33.34 million from ¥36.69 million, a decline of approximately 9.1% [24]. - Accounts receivable increased to ¥138.79 million from ¥101.84 million, reflecting a growth of about 36.3% [24]. - Inventory decreased significantly to ¥24.49 million from ¥54.29 million, a decline of approximately 54.8% [24]. - Non-current assets totaled ¥48.43 billion, slightly up from ¥48.06 billion, indicating a growth of about 0.78% [21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 146,866 [11]. - The largest shareholder, State Power Investment Corporation, holds 43.02% of the shares [11]. - The major shareholders include State Power Investment Corporation, holding 920,600,327 shares, and China Power International Development Limited, holding 363,292,165 shares [14]. Strategic Developments - The company plans to acquire 100% equity of Jiangsu Electric Power Co., Ltd. from State Power Investment Corporation, with a total fundraising amount not exceeding RMB 2,092 million for the transaction [16]. - The company intends to acquire 66.40% of KE Company in Pakistan for a cash consideration of USD 1.77 billion, with potential additional rewards not exceeding USD 27 million based on the target company's performance [17]. - The company is actively working to fulfill all conditions for the completion of the acquisition agreements [18]. - The company has not disclosed any new product developments or market expansion strategies in this report [6]. - The company has not reported any significant changes in cumulative net profit forecasts for the year [18].