GGEP(SH:600236)2014-04-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 117.91% to a loss of CNY 18.71 million compared to the same period last year[13]. - Operating revenue decreased by 9.28% to CNY 1.10 billion compared to the same period last year[13]. - Net cash flow from operating activities decreased by 34.11% to CNY 513.36 million compared to the same period last year[13]. - Investment income decreased by 157% due to increased losses from Yinhai Aluminum and decreased profits from Beibu Gulf Bank[16]. - The company reported a net loss of CNY 9,688,183.89 for the quarter, compared to a net profit of CNY 140,998,195.80 in the previous year[33]. - Net profit turned negative at -¥53,974,975.05 compared to a profit of ¥35,068,641.31 in the previous period, indicating a significant loss[35]. - Total comprehensive income also reflected a loss of -¥53,974,975.05, aligning with the net profit figures[35]. Assets and Liabilities - Total assets decreased by 0.58% to CNY 21.80 billion compared to the end of the previous year[13]. - The company’s total assets amounted to CNY 21,800,151,966.79, down from CNY 21,926,661,682.29, showing a decrease of about 0.57%[25]. - Total liabilities decreased to CNY 15,021,436,136.30 from CNY 15,108,659,544.91, reflecting a reduction of approximately 0.58%[25]. - The company's equity attributable to shareholders decreased to CNY 3,418,379,088.11 from CNY 3,467,085,131.19, a decline of 1.41%[30]. - The company’s long-term investments decreased slightly to CNY 1,235,316,476.86 from CNY 1,244,807,076.75, a decline of about 0.77%[24]. - The company’s fixed assets decreased to CNY 16,391,769,774.18 from CNY 16,653,906,789.92, indicating a decrease of approximately 1.57%[25]. Cash Flow - Cash flow from operating activities decreased to ¥513,356,779.04 from ¥779,158,576.66, a drop of about 34.1% year-over-year[38]. - Cash flow from investing activities showed a net outflow of -¥174,551,961.78, compared to -¥347,945,857.45 in the previous period, reflecting reduced investment activity[39]. - Cash flow from financing activities resulted in a net outflow of -¥452,202,257.60, a significant decrease from a net inflow of ¥512,465,603.56 in the prior period[39]. - Total cash inflow from financing activities amounted to $30 million, while total cash outflow reached $198.02 million, resulting in a net cash flow of -$168.02 million[43]. - Cash and cash equivalents at the end of the period were $429.08 million, down from $619.22 million at the beginning of the period, indicating a decrease of $190.14 million[43]. Operational Metrics - The company’s weighted average return on net assets decreased by 3.62 percentage points to -0.54%[13]. - The company’s basic earnings per share decreased by 117.39% to -CNY 0.008[13]. - The earnings per share (EPS) for the quarter was -0.008, compared to 0.046 in the same period last year[33]. - Total operating revenue for the first quarter was CNY 1,095,725,264.94, a decrease of 9.26% compared to CNY 1,207,799,963.14 in the same period last year[32]. - Total operating costs increased to CNY 1,090,880,913.25, up from CNY 1,075,902,830.60, reflecting a rise of 1.38%[33]. Corporate Governance - The company’s chairman unexpectedly passed away during the reporting period, and the vice chairman is temporarily assuming the role[19]. - The company has not received any notifications regarding the disposal of three power stations from the controlling shareholder, China Datang Corporation[22]. - The company has committed to maintaining a profit distribution ratio of no less than 50% of the distributable profits for the years 2006-2008[21]. - The company has committed to gradually injecting the assets of Longtan Hydropower Station into the company once the station is fully operational at the designed water level of 400 meters[21].