SDIC Power(SH:600886)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders rose by 79.02% to CNY 842.66 million year-on-year[9] - Operating revenue grew by 22.96% to CNY 7.40 billion compared to the same period last year[9] - Operating profit and total profit grew by 84% year-on-year; net profit attributable to shareholders increased by 79%, and basic earnings per share rose by 50%[15] - The company reported a net profit increase, with retained earnings rising to ¥5,724,061,399.35 from ¥4,881,403,611.35, reflecting a growth of about 17.3%[24] - Net profit for the current period was ¥1,508,056,428.79, a significant increase of 78.3% from ¥844,520,094.37 in the previous period[29] - The company’s total profit for the current period was ¥1,726,160,784.61, an increase of 83.6% from ¥940,059,626.99 in the previous period[29] Cash Flow - Net cash flow from operating activities increased by 26.55% to CNY 3.70 billion year-on-year[9] - Cash flow from operating activities totaled ¥8,066,870,618.94, an increase from ¥7,072,054,042.13 in the previous period[33] - The net cash flow from operating activities was -33,581,909.78 RMB, compared to -21,328,634.13 RMB in the previous period, indicating a decline in operational cash generation[36] - The net cash flow from investing activities was -157,537,848.00 RMB, a significant improvement from -620,090,148.21 RMB in the prior period, reflecting better investment management[37] - The net cash flow from financing activities increased to 1,771,140,241.48 RMB, up from 654,720,736.68 RMB, showing enhanced capital raising efforts[38] Assets and Liabilities - Total assets increased by 2.41% to CNY 163.41 billion compared to the end of the previous year[9] - Total current assets increased to ¥13,022,634,372.93 from ¥10,232,184,920.65, representing a growth of approximately 27.4%[22] - Total non-current assets reached ¥150,388,142,350.34, up from ¥149,326,581,083.56, reflecting a growth of approximately 0.7%[23] - Total liabilities increased to ¥128,168,931,506.93 from ¥125,824,977,216.66, marking a rise of about 1.1%[24] - Total equity attributable to shareholders grew to ¥19,302,579,215.09 from ¥18,459,921,427.09, an increase of approximately 4.5%[24] Cash Management - Cash and cash equivalents at the end of the period increased by 47% due to the issuance of corporate bonds[14] - Cash and cash equivalents rose significantly to ¥5,852,475,023.34 from ¥3,994,354,964.99, a growth of about 46.4%[22] - The company reported a cash increase of 1,580,020,483.70 RMB during the period, compared to 13,301,954.34 RMB previously, highlighting improved cash management[38] - The cash balance at the beginning of the period was 345,288,636.95 RMB, compared to 248,367,459.92 RMB, showing a stronger starting position for cash management[38] Operational Highlights - The company expects a significant increase in cumulative net profit compared to the same period last year, driven by lower coal procurement prices and improved performance from newly operational hydropower units[18] - The average on-grid electricity price for Guotou Dazhaoshan benefited from favorable pricing policies in Yunnan Province, exceeding last year's levels[15] - The company plans to gradually implement a specific operational plan for integrating its independent power generation assets into the company[18] - The company anticipates enhanced profitability for thermal power enterprises due to declining coal prices[18] - The new hydropower units from the Jinguang power group are expected to significantly boost hydropower performance year-on-year[18] Shareholder Information - The number of shareholders reached 93,411 at the end of the reporting period[11]