Datang Power(SH:601991)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders increased by 0.49% to CNY 942,524,000, while net profit excluding non-recurring gains and losses rose by 8.04% to CNY 912,778,000[9]. - Operating revenue decreased by 4.89% to CNY 17,512,025,000 compared to the same period last year[9]. - Total operating revenue for the three months ended March 31, 2014, was RMB 17,512,025 thousand, a decrease of 4.9% compared to RMB 18,412,891 thousand in the same period of 2013[19]. - Net profit attributable to shareholders of the parent company was RMB 942,524 thousand, slightly up from RMB 937,959 thousand in the previous year, representing a growth of 0.6%[19]. - Basic and diluted earnings per share for the period were both RMB 0.0708, compared to RMB 0.0705 in the same period last year[19]. - The company reported a total comprehensive income of RMB 1,266,653 thousand for the period, compared to RMB 1,400,881 thousand in the same period last year[19]. Assets and Liabilities - Total assets increased by 0.57% to CNY 295,002,469,000 compared to the end of the previous year[9]. - The company's total liabilities as of March 31, 2014, were RMB 229,393,638 thousand, compared to RMB 229,025,268 thousand at the end of 2013[18]. - Current assets totaled RMB 27,635,959 thousand as of March 31, 2014, slightly up from RMB 27,197,406 thousand at the end of 2013[17]. - The company's equity attributable to shareholders reached RMB 44,799,994 thousand as of March 31, 2014, up from RMB 43,920,916 thousand at the end of 2013, marking a growth of about 2%[18]. - Long-term borrowings stood at RMB 140,984,226 thousand as of March 31, 2014, compared to RMB 138,054,247 thousand at the end of 2013, reflecting an increase of approximately 2.1%[18]. Cash Flow - Cash flow from operating activities decreased by 5.98% to CNY 7,498,388,000 compared to the same period last year[9]. - Net cash flow from operating activities was RMB 7,498,388 thousand, a decrease of 6.0% from RMB 7,975,417 thousand in 2013[20]. - Net cash flow from investing activities was negative RMB 4,873,863 thousand, an improvement from negative RMB 7,250,395 thousand year-over-year[20]. - Net cash flow from financing activities was negative RMB 4,508,504 thousand, compared to a positive RMB 4,642,843 thousand in the same period of 2013[20]. - The ending cash and cash equivalents balance was RMB 5,988,264 thousand, down from RMB 9,981,513 thousand at the end of the previous year[20]. Shareholder Information - The number of shareholders reached 191,179, with the largest shareholder, China Datang Corporation, holding 31.10% of shares[11]. Investment and Strategy - The company's investment income decreased by approximately 85.05% due to a reduction in trust investment income and profits from joint ventures[14]. - The company's prepayments increased by approximately 40.98% due to increased coal reserves[13]. - The company's receivables increased by approximately 97.95% due to an increase in the use of notes for settlement[13]. - Datang Group committed to injecting non-listed thermal power assets into the company within 5-8 years, contingent on profitability improvements[16]. - The company has a commitment to avoid competition with Datang Group, ensuring it remains the final integration platform for Datang Group's thermal power business[16]. - The company is in compliance with its commitments regarding the non-public issuance of shares, with 100 million A shares subscribed by Datang Group not being traded for 36 months from May 30, 2011[16].