TEC(SH:600780)2016-04-26 16:00Financial Performance - Operating revenue decreased by 17.46% to CNY 1,246,024,066.39 year-on-year[6] - Net profit attributable to shareholders decreased by 63.01% to CNY 51,724,706.02 compared to the same period last year[6] - Basic earnings per share decreased by 63.03% to CNY 0.0451[6] - The weighted average return on equity decreased by 2.03 percentage points to 1.10%[6] - Total operating revenue for Q1 2016 was CNY 1,246,024,066.39, a decrease of 17.5% compared to CNY 1,509,645,963.60 in the same period last year[29] - Net profit for Q1 2016 was CNY 46,949,975.34, a decline of 66.0% from CNY 138,149,707.26 in Q1 2015[30] - Earnings per share for Q1 2016 were CNY 0.0451, down from CNY 0.1220 in the same quarter last year[31] - The total comprehensive income for Q1 2016 was CNY 46,495,627.19, down from CNY 137,935,589.17 in the previous year[31] Cash Flow - Cash flow from operating activities increased by 133.14% to CNY 423,116,376.44 year-on-year[6] - Cash flow from operating activities in Q1 2016 was CNY 1,345,808,979.44, a decrease from CNY 1,444,217,618.67 in the same period last year[37] - The net cash flow from operating activities for Q1 2016 was CNY 423,116,376.44, a significant increase from CNY 181,484,822.52 in the previous year, representing a growth of approximately 133%[38] - Cash inflows from operating activities of CNY 1,349,869,671.97, compared to CNY 1,448,762,425.80 in the previous year, a decrease of approximately 7%[38] - Cash outflows for operating activities totaled CNY 926,753,295.53, down from CNY 1,267,277,603.28, showing a reduction of about 27%[38] Assets and Liabilities - Total assets increased by 4.24% to CNY 9,762,462,328.85 compared to the end of the previous year[6] - Total current assets increased to ¥2,472,165,470.79 from ¥2,118,132,855.10, representing a growth of approximately 16.7%[21] - Total non-current assets amounted to ¥7,290,296,858.06, up from ¥7,247,140,332.24, reflecting a slight increase of 0.6%[22] - Total liabilities increased to ¥5,076,694,725.17 from ¥4,529,043,229.65, marking a rise of approximately 12.1%[23] - Total equity attributable to shareholders decreased to ¥4,633,553,425.67 from ¥4,779,741,519.18, a decline of about 3.1%[23] - Total liabilities as of Q1 2016 amounted to CNY 12,835,910.89, a decrease from CNY 13,812,340.82 in the previous year[30] Shareholder Information - The total number of shareholders reached 53,846 at the end of the reporting period[11] - The largest shareholder, Shanxi International Power Group Co., Ltd., holds 60.46% of the shares[11] Investment and Acquisitions - The company completed the acquisition of 100% equity in Jin Neng Bao De Coal Power Co., Ltd. on January 14, 2016, which is now included in the consolidated financial statements[15] - The company plans to transfer 40% equity in Shanxi Guoxing Coalbed Methane Transmission and Distribution Co., Ltd. to Shanxi Gas Industry Group Co., Ltd.[16] - The company reported an investment loss of CNY -747,257.18 in Q1 2016, compared to a loss of CNY -7,578,443.58 in Q1 2015[30] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company has not identified any undisclosed liabilities or contingent matters during the reporting period[17] - The company’s financial indicators showed significant changes, with accounts payable increasing due to the use of bank acceptance bills to manage financial costs[13] - Engineering materials increased due to procurement for the rural power grid upgrade project by Shanxi Local Power Co., Ltd.[13] - Net profit attributable to the parent company decreased due to reduced electricity generation and lower on-grid electricity prices[14] - The company reported a total asset value of ¥9,762,462,328.85, up from ¥9,365,273,187.34, indicating an increase of approximately 4.2%[23] Cash Management - Cash and cash equivalents increased due to increased construction loans from subsidiaries, specifically Jin Neng Bao De Coal Power Co., Ltd. and Shanxi Local Power Co., Ltd.[13] - Cash and cash equivalents rose to ¥1,791,123,664.44 from ¥1,383,723,730.47, an increase of about 29.5%[21] - The company’s cash flow management appears strong with a significant increase in cash reserves, suggesting potential for future investments[21] - The company’s cash flow from financing activities netted CNY 396,672,182.94, slightly lower than CNY 404,279,248.92 from the previous year, a decrease of around 2%[39]