NMHD(SH:600863)2018-04-26 16:00Financial Performance - Operating revenue increased by 31.67% to CNY 2.77 billion compared to the same period last year[6] - Net profit attributable to shareholders was CNY 4.79 million, a turnaround from a loss of CNY 126.98 million in the previous year[6] - Basic and diluted earnings per share were CNY 0.001, compared to a loss of CNY 0.022 in the previous year[6] - The company reported a net profit of RMB 4.79 million for Q1 2018, marking an increase of RMB 131.77 million compared to the same period last year, and an increase of RMB 170.64 million compared to the previous disclosure data[14] - Total operating revenue for Q1 2018 was CNY 2,765,892,016.47, an increase of 31.5% compared to CNY 2,100,659,529.27 in the same period last year[24] - Net profit for Q1 2018 was CNY 32,026,447.40, a significant recovery from a net loss of CNY 188,564,050.13 in Q1 2017[25] - The company reported a total profit of CNY 100,969,777.01 for Q1 2018, compared to a total loss of CNY 173,211,085.77 in the previous year[24] - Earnings per share for Q1 2018 were CNY 0.001, recovering from a loss of CNY 0.022 per share in Q1 2017[25] Cash Flow and Liquidity - Cash flow from operating activities increased by 106.10% to CNY 415.02 million compared to the same period last year[6] - The net cash flow from operating activities was -143,863,537.52, compared to -100,412,135.28 in the previous period, indicating a decline in operational performance[33] - Cash inflow from investment activities totaled 69,404,467.62, significantly lower than 948,852,674.32 in the previous period, reflecting reduced investment returns[33] - The cash outflow for investment activities was 106,978,539.78, down from 1,257,198,846.12, showing a decrease in capital expenditures[33] - The net cash flow from financing activities was 31,321,422.21, a decrease from 373,510,104.57 in the previous period, indicating reduced financing activity[33] - The total cash and cash equivalents at the end of the period were 108,401,561.88, compared to 8,836,619.81 in the previous period, showing an increase in liquidity[33] - The company received cash from borrowings amounting to 1,590,000,000.00, down from 2,172,000,000.00 in the previous period, indicating a reduction in new debt[33] - Cash paid for debt repayment was 1,583,030,000.00, slightly lower than 1,647,000,000.00 in the previous period, reflecting stable debt management[33] - The cash inflow from operating activities was 131,581,202.11, down from 164,169,916.79, indicating a decline in sales performance[32] - The cash paid to employees was 102,821,201.93, down from 119,811,217.45, suggesting cost-cutting measures[33] - The company reported a net cash decrease of -150,116,187.47, compared to -35,248,202.51 in the previous period, indicating overall cash flow challenges[33] Assets and Liabilities - Total assets decreased by 1.60% to CNY 42.40 billion compared to the end of the previous year[6] - Total liabilities decreased from ¥29,335,791,271.52 to ¥28,599,707,144.21, a decline of about 2.5%[21] - Current liabilities decreased slightly from ¥13,215,733,523.77 to ¥13,130,497,969.41, a reduction of about 0.6%[21] - Non-current liabilities decreased from ¥16,120,057,747.75 to ¥15,469,209,174.80, representing a decrease of approximately 4.0%[21] - Owner's equity increased from ¥13,758,184,599.48 to ¥13,804,743,506.92, an increase of approximately 0.3%[21] - Cash and cash equivalents decreased from ¥269,053,781.59 to ¥124,661,561.88, a decline of about 53.7%[22] - Accounts receivable increased from ¥302,442,267.73 to ¥345,678,835.20, an increase of approximately 14.3%[22] - Inventory increased from ¥90,878,175.75 to ¥111,705,696.92, representing an increase of about 22.9%[22] - Long-term investments decreased from ¥12,736,872,446.21 to ¥12,680,142,486.48, a decline of approximately 0.4%[22] - Total current assets decreased from ¥2,383,359,583.42 to ¥2,350,841,918.18, a reduction of about 1.4%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 233,766[11] - The largest shareholder, Northern United Power Co., Ltd., holds 56.85% of the shares[11] - The controlling shareholder, North Company, holds 3,301,773,803 shares, accounting for 56.85% of the total share capital[14] Acquisitions and Restructuring - The company acquired 81.25% of Northern Longyuan Wind Power Co., Ltd., making it a wholly-owned subsidiary[6] - The company completed the acquisition of an 81.25% stake in North Dragon Source Wind Power Co., Ltd., making it a wholly-owned subsidiary[14] - The company plans to restructure with Inner Mongolia Energy Construction Investment Group Co., Ltd. regarding the Fengzhen Power Plant, pending board and shareholder approval[16] - The company is committed to timely information disclosure in accordance with relevant regulations following the completion of audit evaluations for restructuring plans[16] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 2.70 million, primarily from government subsidies[10] - The company incurred financial expenses of CNY 260,673,422.68 in Q1 2018, compared to CNY 229,486,455.92 in Q1 2017, reflecting a rise of 13.6%[24] - Investment income for Q1 2018 was a loss of CNY 23,127,774.95, compared to a gain of CNY 59,503,918.77 in the same period last year[24] - The company reported tax expenses of CNY 68,943,329.61 for Q1 2018, compared to CNY 15,352,964.36 in Q1 2017[24] - Other comprehensive income after tax for Q1 2018 was a loss of CNY 487,647.72, compared to a gain of CNY 886,722.19 in the previous year[25] Electricity Generation - The total electricity generated during the reporting period was 9.988 billion kWh, an increase of 2.414 billion kWh, representing a year-on-year growth of 31.87%[14] - The average selling price of electricity increased by RMB 17.01 per kWh (excluding tax) compared to the previous year due to adjustments in pricing policies[15]