GGEP(SH:600236)2017-04-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 1,803,309,565.8, representing a decline of 21.03% year-on-year[6] - Net profit attributable to shareholders was CNY 320,107,701.46, down 56.08% from the same period last year[6] - Basic earnings per share were CNY 0.05, a decrease of 56.08% compared to CNY 0.12 in the same period last year[6] - The company reported a net profit margin decline due to reduced revenue and increased operational costs[26] - Total operating revenue for Q1 2017 was CNY 1,803,309,565.81, a decrease of 21% compared to CNY 2,283,396,340.79 in the same period last year[26] - Operating profit for Q1 2017 was CNY 1,748,471,442.99, down 30.3% from CNY 2,511,144,932.55 in the same period last year[30] - Net profit for Q1 2017 reached CNY 1,738,939,764.47, a decline of 30.4% compared to CNY 2,496,762,634.91 in Q1 2016[30] - Total comprehensive income for Q1 2017 was CNY 1,731,860,790.88, a decrease of 30.7% from CNY 2,504,663,318.53 in Q1 2016[30] - Total operating costs for Q1 2017 were CNY 1,392,525,620.19, an increase of 2.5% compared to CNY 1,355,420,506.62 in Q1 2016[27] - Tax expenses for Q1 2017 were CNY 89,326,564.04, a decrease of 44.7% from CNY 161,577,961.30 in the previous year[27] - Investment income for Q1 2017 was CNY 1,735,887,954.84, down 30.0% from CNY 2,480,476,606.25 in Q1 2016[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 41,396,373,728, a decrease of 1.28% compared to the end of the previous year[6] - The company’s net assets attributable to shareholders at the end of the reporting period were CNY 13,485,380,784, a slight decrease of 0.18% from the previous year[6] - Total liabilities decreased to CNY 25,894,711,330.61 from CNY 26,463,675,799.47[19] - Current liabilities totaled CNY 6,093,843,499.58, slightly up from CNY 6,006,175,753.50[19] - Non-current liabilities were CNY 19,800,867,831.03, down from CNY 20,457,500,045.97[19] - Total current assets decreased from CNY 2,934,507,988.03 at the beginning of the year to CNY 2,830,960,168.94[17] Cash Flow - The net cash flow from operating activities decreased by 20.52% to CNY 1,037,053,587.0 compared to the previous year[6] - Cash received from sales of goods and services decreased by 15.01% due to lower electricity sales revenue compared to the previous year[15] - Operating cash inflow for Q1 2017 was CNY 1,982,828,198.78, a decrease of 15.5% from CNY 2,347,689,845.19 in the previous period[33] - Net cash outflow from investing activities was CNY -266,774,394.02, compared to CNY -227,290,830.81 in the previous period, indicating an increase in investment expenditures[34] - Cash inflow from financing activities totaled CNY 710,588,292.36, down 37.7% from CNY 1,142,000,000.00 in the previous period[34] - Total cash and cash equivalents at the end of the period were CNY 1,267,982,527.59, down from CNY 3,055,470,309.29 in the previous period[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 89,440[11] - The largest shareholder, China Datang Corporation, held 3,610,819,910 shares, accounting for 59.55% of the total shares[11] Changes in Financial Position - Accounts receivable increased by 24.53% due to higher electricity sales revenue in March compared to December 2016[13] - Prepayments increased by 64.31% primarily due to an increase in prepaid coal payments[13] - Inventory rose by 69.39% mainly due to an increase in coal for power generation[13] - Other receivables increased by 101.03% due to an increase in inter-company transactions[14] - Short-term borrowings decreased by 70.02% as the company repaid its short-term loans[14] - The company reported a decrease in financial expenses by 12.90% due to a reduction in interest-bearing liabilities compared to the previous year[14] - Tax payable increased by 42.48% as corporate income tax and value-added tax rose due to improved revenue performance[14]