GDG(SH:600098)2015-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 236,864,406.35, an increase of 17.18% year-on-year[8] - Operating revenue for the period was CNY 4,215,066,479.67, reflecting a growth of 4.43% compared to the same period last year[8] - The weighted average return on equity increased by 0.16 percentage points to 1.69%[8] - Basic earnings per share rose to CNY 0.0869, representing a 17.91% increase from the previous year[8] - Total profit for the first quarter reached ¥445,036,159.41, an increase of 30.58% compared to ¥340,810,656.24 in the same period last year, driven by increased electricity sales and lower coal prices[13] - Net profit for the current period was ¥335,697,226.73, a rise of 26.0% compared to ¥266,410,962.15 in the prior period[27] - Total comprehensive income for the current period was ¥342,390,211.31, compared to ¥278,127,667.14 in the previous period, indicating a growth of 23.1%[28] Cash Flow and Investments - The net cash flow from operating activities was CNY 1,122,274,000.56, up by 7.06% year-on-year[8] - Cash received from investment recoveries increased by 80.00% to ¥180,000,000.00, compared to ¥100,000,000.00 in the previous year[13] - The company received 300,000,000.00 RMB from investment recoveries, up from 200,000,000.00 RMB, marking a 50% increase[36] - Cash inflow from operating activities totaled 13,942,428.16 RMB, compared to 5,136,481.97 RMB in the previous year, representing a 171.5% increase[36] - Investment activities resulted in a net cash outflow of -156,277,632.39 RMB, an improvement from -266,260,474.64 RMB year-over-year, showing a 41.3% reduction in cash outflow[36] - Financing activities resulted in a net cash outflow of -396,966,765.14 RMB, an improvement from -1,169,593,275.19 RMB, reflecting a 66.1% reduction in cash outflow[34] Shareholder Information - The company had a total of 67,206 shareholders at the end of the reporting period[10] - The largest shareholder, Guangzhou State-owned Assets Development Holdings Co., Ltd., held 62.69% of the shares[10] - Other significant shareholders included China Yangtze Power Co., Ltd. with 11.75% and Bank of China - Bosera Theme Industry Equity Investment Fund with 1.02%[10] Assets and Liabilities - Total assets at the end of the reporting period were CNY 33,728,646,117.69, a decrease of 0.15% compared to the end of the previous year[8] - Total liabilities decreased to CNY 16.01 billion from CNY 16.41 billion at the start of the year, indicating a reduction in financial obligations[19] - The company's equity increased to CNY 17.72 billion from CNY 17.37 billion, reflecting a growth in shareholder value[20] - Current assets totaled CNY 7.45 billion, showing a marginal increase from CNY 7.43 billion at the start of the year[19] - Non-current assets were reported at CNY 26.28 billion, down from CNY 26.34 billion at the beginning of the year[19] Operational Efficiency - The company reported a significant increase of 100.29% in other current assets due to the purchase of short-term financial products[12] - The company’s minority shareholders' profit increased by 53.76% to ¥98,832,820.38, reflecting improved net profits from subsidiaries[13] - The company reported a 77.55% increase in business taxes and additional fees, amounting to ¥44,242,792.34, due to gross profit growth and the completion of tax deductions for certain projects[13] - The company established a wholly-owned subsidiary, Guangzhou Development New Energy Investment Management Co., Ltd., to expand its renewable energy business through acquisitions and internal transfers[13] - The company plans to integrate the renewable energy business, including photovoltaic and wind power, into a comprehensive industrial chain[13] Debt Management - The company repaid all temporarily used fundraising amounts to the designated special account ahead of schedule, totaling ¥250,000,000.00[14] - The company’s cash flow from financing activities decreased by 68.30%, with cash received from borrowings dropping to ¥70,532,474.64 from ¥222,528,422.48[13] - The company’s cash flow from debt repayment decreased by 71.79%, with cash paid for debt repayment falling to ¥356,932,380.16 from ¥1,265,138,255.14[13] - The company paid 356,932,380.16 RMB in debt repayments, significantly lower than 1,265,138,255.14 RMB in the previous year, indicating a 71.8% decrease[34] Inventory and Receivables - Accounts receivable decreased to CNY 964 million from CNY 1.23 billion, indicating improved collection efforts[19] - Inventory levels decreased to CNY 918 million from CNY 1.26 billion, suggesting better inventory management[19] - Short-term borrowings were reduced to CNY 175 million from CNY 348 million, reflecting a decrease in reliance on short-term financing[19]