西昌电力(600505) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue rose by 11.56% to CNY 205,996,050.52 compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was CNY 7,020,245.09, a significant recovery from a loss of CNY 6,774,319.88 in the previous year[6] - Basic earnings per share improved to CNY 0.0139 from a loss of CNY 0.0181 in the previous year[6] - The net profit attributable to the parent company increased significantly, reaching CNY 5,080,823.50 compared to a loss of CNY 6,592,569.56 in the same period last year[16] - Net profit for Q1 2016 reached CNY 6,168,488.03, a significant recovery from a net loss of CNY 6,109,077.69 in the previous year[30] - The profit attributable to the parent company's shareholders was CNY 5,080,823.50, compared to a loss of CNY 6,592,569.56 in the same quarter last year[30] - The company reported a total profit of CNY 8,668,972.94 for Q1 2016, recovering from a loss of CNY 4,956,063.13 in the previous year[29] Assets and Liabilities - Total assets increased by 2.06% to CNY 2,318,059,855.59 compared to the end of the previous year[6] - Current assets increased to CNY 254,608,323.31 from CNY 208,637,055.69, representing a growth of approximately 22%[20] - The company's accounts receivable increased by 111.02% from CNY 32,103,964.47 to CNY 67,746,825.96 compared to the beginning of the period[13] - Inventory rose by 72.16% from CNY 11,247,411.79 to CNY 19,363,236.97, primarily due to increased unfinished projects[14] - Total liabilities increased to CNY 1,191,013,894.09 from CNY 1,150,558,036.48, showing an increase of about 3.5%[22] - Long-term borrowings increased by 57.93% from CNY 207,157,457.37 to CNY 327,157,457.37, mainly due to bank loans received by Fengguang New Energy Company[13] - Total liabilities amounted to CNY 583,605,608.21, a decrease from CNY 597,265,715.19 in the previous year[26] Cash Flow - Cash flow from operating activities decreased by 12.24% to CNY 31,689,994.68 compared to the same period last year[6] - Operating cash flow decreased by 12.24% from CNY 36,109,151.94 to CNY 31,689,994.68, mainly due to increased salary and tax payments[17] - The net cash flow from investment activities showed a significant decline of 553.77%, moving from CNY -18,177,173.62 to CNY -118,837,694.92, attributed to increased construction-related expenditures[17] - Cash flow from operating activities was CNY 197,747,267.92, compared to CNY 175,547,883.30 in the same period last year, reflecting a growth of 12.6%[34] - Cash inflow from financing activities was CNY 120,000,000.00, with net cash flow from financing activities at CNY 117,005,483.83, a turnaround from a net outflow of CNY 30,344,975.50[36] Shareholder Information - The total number of shareholders reached 22,114 at the end of the reporting period[10] - The largest shareholder, State Grid Sichuan Electric Power Company, holds 20.15% of the shares[10] Government Subsidies and Non-Recurring Items - The company received government subsidies amounting to CNY 1,176,999.63 related to its normal business operations[8] - The net loss from non-recurring items totaled CNY -1,939,421.59 for the period[9] - The company reported a 397.92% increase in non-operating income, rising from CNY 305,407.21 to CNY 1,520,668.77, mainly due to increased government subsidies[16] Management Expenses - The company’s management expenses surged by 194.06% from CNY 6,862,397.15 to CNY 20,179,234.14, largely due to the reversal of previously unissued bonuses[16] - Management expenses surged to CNY 20,179,234.14 from CNY 6,862,397.15, indicating a significant increase in operational costs[29] Other Financial Metrics - The weighted average return on net assets increased by 1.22 percentage points to 0.51%[6] - Total operating costs for Q1 2016 were CNY 198,747,511.74, up from CNY 189,823,584.39, reflecting a year-over-year increase of 4.9%[28] - Cash paid for purchasing goods and services was CNY 84,367,407.54, down from CNY 97,180,095.12, representing a decrease of approximately 13.2%[36] - Cash paid to employees was CNY 42,612,313.05, an increase from CNY 40,021,464.05, reflecting a growth of about 6.5%[36] - Cash paid for taxes was CNY 20,558,646.14, compared to CNY 14,734,429.92 in the previous period, indicating an increase of approximately 39.5%[36]