2015-04-29 16:00Financial Performance - The net profit attributable to shareholders was CNY 107.71 million, down 74.22% year-on-year [6]. - The operating revenue for the period was CNY 7.69 billion, a decline of 6.95% compared to the same period last year [6]. - The company generated a net cash flow from operating activities of CNY -2.37 billion, representing a decrease of 201.80% year-on-year [6]. - The net profit after deducting non-recurring gains and losses was CNY 108.30 million, a decrease of 72.86% year-on-year [6]. - The basic earnings per share were CNY 0.05, down 76.19% from the previous year [6]. - The net profit attributable to the parent company's owners decreased by 74.22% year-on-year, mainly due to a decline in gross profit margin [17]. - Net profit for Q1 2015 was RMB 115,223,409.43, a significant decline of 73.8% compared to RMB 439,827,951.90 in Q1 2014 [38]. - Operating profit for Q1 2015 was RMB 112,532,283.49, a decrease of 77.2% from RMB 494,252,109.93 in Q1 2014 [38]. - The company reported a total comprehensive income of RMB 118,577,675.11, down from RMB 453,048,329.13 year-on-year, indicating a decline of 73.8% [38]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 84.31 billion, a decrease of 1.07% compared to the previous year [6]. - The total assets amounted to 84.31 billion RMB, a decrease from 85.23 billion RMB at the beginning of the year [30]. - Total liabilities decreased from RMB 64.76 billion to RMB 60.46 billion, a reduction of approximately 6.5% [32]. - Current liabilities decreased from RMB 62.40 billion to RMB 58.31 billion, a decline of about 6.5% [32]. - Total equity increased from RMB 20.47 billion to RMB 23.85 billion, an increase of approximately 16.5% [32]. - Cash and cash equivalents decreased from RMB 6.61 billion to RMB 5.70 billion, a drop of approximately 14.1% [34]. - Accounts payable decreased from RMB 5.95 billion to RMB 5.53 billion, a reduction of about 7.1% [36]. - Long-term borrowings decreased from RMB 545.62 million to RMB 245.62 million, a reduction of approximately 55.1% [32]. Cash Flow - The net cash flow from operating activities decreased by 201.80% compared to the same period last year, mainly due to an increase in cash paid for goods purchased [19]. - Operating cash inflow for the first quarter of 2015 was CNY 6,815,156,839.94, a decrease of 3.74% from CNY 7,080,436,067.34 in the same period last year [42]. - Net cash flow from operating activities was -CNY 2,372,494,824.80, compared to -CNY 786,116,392.83 in the previous year, indicating a significant decline [42]. - Cash inflow from investment activities totaled CNY 81,874,484.98, up from CNY 39,145,801.90 year-over-year [42]. - Net cash flow from investment activities was -CNY 51,540,789.98, an improvement from -CNY 204,731,885.47 in the previous year [42]. - Cash inflow from financing activities was CNY 615,000,000.00, down 27.7% from CNY 851,100,000.00 in the same period last year [42]. - The ending cash and cash equivalents balance was CNY 15,340,693,648.59, a decrease from CNY 17,802,441,129.06 at the beginning of the period [42]. Operational Highlights - The company produced 10.89 million kilowatts of power generation equipment in Q1 2015, an increase of 19.6% year-on-year [12]. - New orders totaled CNY 11.04 billion, with export projects accounting for CNY 3.93 billion, or 35.6% of the total [14]. - The management highlighted a focus on cost control, with a reduction in sales expenses to RMB 125,849,944.80 from RMB 134,413,725.63 [38]. - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth [38]. Investment and Income - Investment income increased by 127.72% compared to the previous year, primarily due to the disposal of equity in Guangdong Oil Shale Power Company [17]. - Investment income increased to RMB 41,289,075.95, compared to RMB 18,131,590.64 in the previous year, reflecting a growth of 127.8% [38]. - Financial expenses decreased by 33.04% compared to the same period last year, primarily due to an increase in exchange losses of 0.18 billion RMB [16]. - Asset impairment losses decreased by 276.38% year-on-year, mainly due to a significant reduction in bad debt provisions [17]. - The company experienced a significant increase in asset impairment losses, which rose to RMB 41,104,561.21 compared to a gain of RMB 23,304,810.78 in the previous year [38].