SDIC Power(SH:600886)2016-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 1.23% to CNY 1.24 billion year-on-year[6] - Operating revenue decreased by 9.21% to CNY 6.90 billion compared to the same period last year[6] - The weighted average return on equity decreased by 0.60 percentage points to 4.56%[8] - Basic and diluted earnings per share increased by 1.22% to CNY 0.1829[8] - The company reported a significant increase in long-term equity investments, rising to CNY 21,960,145,642.83 from CNY 19,620,772,527.63, representing an increase of about 11.87%[31] - The total comprehensive income for the period was CNY 2,308,556,528.71, compared to CNY 2,290,774,318.96 in the previous period, reflecting an increase of approximately 0.12%[36] - The net profit for the first quarter was CNY 73,396,665.89, up from CNY 69,373,156.30 in the same period last year, representing a growth of about 4.4%[39] Cash Flow - Net cash flow from operating activities declined by 21.55% to CNY 3.80 billion year-on-year[6] - Cash flow from operating activities was CNY 3,804,692,246.57, a decrease from CNY 4,849,766,135.38, reflecting a decline of approximately 21.5%[43] - Cash flow from investing activities resulted in a net outflow of CNY 7,005,259,234.69, compared to a net outflow of CNY 3,264,406,878.68 in the previous period, indicating a significant increase in investment expenditures[44] - Cash flow from financing activities generated a net inflow of CNY 920,882,911.18, contrasting with a net outflow of CNY 1,658,878,705.72 in the same period last year[44] - The total cash and cash equivalents at the end of the period were CNY 3,843,682,159.36, down from CNY 7,303,407,715.66 at the end of the previous period, a decrease of approximately 47.4%[44] Assets and Liabilities - Total assets increased by 2.09% to CNY 187.39 billion compared to the end of the previous year[6] - The company's total liabilities stood at approximately ¥127.36 billion, compared to ¥126.92 billion at the beginning of the year, indicating a slight increase[27] - The company's non-current assets totaled approximately ¥176.49 billion, up from ¥171.99 billion, showing an increase of about 2.9%[27] - The company's total current liabilities decreased to approximately ¥33.61 billion from ¥35.29 billion, a reduction of about 4.8%[27] Shareholder Information - The total number of shareholders reached 283,858 at the end of the reporting period[12] - The largest shareholder, China National Investment Corporation, holds 51.34% of the shares[12] Investment Activities - The company acquired 32.9 million shares of Ganneng Co., Ltd., representing a 33.72% stake, making it the second-largest shareholder[16] - Long-term equity investments increased by 89% compared to the beginning of the year, mainly due to the subscription of Ganneng Co., Ltd.'s private placement shares[15] - Cash inflow from investment activities totaled $310,479,440.30, down from $488,299,316.63 in the prior period, reflecting a decrease in investment returns[47] - The company reported investment income of CNY 181,973,693.01, an increase from CNY 165,071,112.50 in the previous year, reflecting a growth of about 10.5%[38] Related Party Transactions - National Development Investment Corporation (国投公司) committed to not directly or indirectly participate in any competitive business with the company and its subsidiaries after becoming the controlling shareholder in 2002[19] - The company has committed to minimizing and standardizing related party transactions with National Development Investment Corporation[19] - National Development Investment Corporation will compensate for losses incurred by the company due to related party transactions within 30 working days upon notification[19] - The company is committed to ensuring that related party transactions do not harm the legal rights of the company and other shareholders[19] Compliance and Commitments - The company is focused on compliance with national industrial policies and legal regulations regarding asset injection[20] - National Development Investment Corporation will complete the asset injection within two years after the assets meet the injection conditions[20] - The company has maintained a commitment to ensure that its net asset return rate does not fall below 10% in the upcoming fiscal year[21]