大唐发电(601991) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue for the year-to-date was CNY 15,312,078, an increase of 16.44% year-on-year[6]. - Net profit attributable to shareholders was CNY 630,956, a decrease of 7.66% compared to the same period last year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 437,928, down 35.06% year-on-year[6]. - The weighted average return on equity increased by 0.07 percentage points to 1.58%[6]. - Total operating revenue for Q1 2017 was 15,312,078 thousand RMB, an increase of 16.5% compared to 13,149,936 thousand RMB in the same period last year[28]. - Net profit for Q1 2017 reached 605,819 thousand RMB, representing a 24.5% increase from 486,311 thousand RMB in Q1 2016[29]. - The profit attributable to the parent company's shareholders was 630,956 thousand RMB, a decrease of 7.6% compared to 683,331 thousand RMB in the previous year[29]. - Earnings per share for Q1 2017 were 0.0474 RMB, down from 0.0513 RMB in Q1 2016[30]. Cash Flow - Cash flow from operating activities was CNY 3,956,095, a decrease of 6.57% compared to the previous year[6]. - Cash inflow from operating activities totaled CNY 16,851,706 thousand, a decrease from CNY 18,291,279 thousand in the previous period, reflecting a decline of approximately 7.9%[36]. - Net cash flow from operating activities was CNY 3,956,095 thousand, down from CNY 4,234,086 thousand, indicating a decrease of about 6.5%[36]. - Cash inflow from operating activities for the parent company was CNY 2,954,786 thousand, down from CNY 4,900,361 thousand, reflecting a decline of about 39.7%[38]. - Cash outflow from investing activities was CNY 1,825,911 thousand, compared to CNY 3,436,552 thousand in the prior period, showing a reduction of approximately 46.8%[36]. - Net cash flow from investing activities was -CNY 1,337,264 thousand, an improvement from -CNY 3,357,689 thousand, indicating a decrease in cash outflow by about 60%[36]. - Cash inflow from financing activities was CNY 16,158,733 thousand, down from CNY 25,411,225 thousand, reflecting a decline of approximately 36.4%[37]. - Net cash flow from financing activities was -CNY 3,095,063 thousand, worsening from -CNY 1,937,413 thousand, indicating an increase in cash outflow by about 60%[37]. - Cash inflow from financing activities for the parent company was CNY 8,389,159 thousand, down from CNY 14,603,834 thousand, reflecting a decline of approximately 42.1%[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 232,038,778, a decrease of 0.51% compared to the end of the previous year[6]. - The total liabilities amounted to 40,263,694 thousand RMB, a decrease of 3.3% from 41,636,712 thousand RMB in the previous year[29]. - The total equity increased to 35,557,498 thousand RMB, up from 35,047,992 thousand RMB year-over-year[29]. - Short-term borrowings increased by approximately 48.80% compared to the beginning of the year, primarily to repay maturing short-term financing bonds[12]. - Prepayments increased by approximately 55.19% compared to the beginning of the year, due to an increase in customer advance payments[12]. Comprehensive Income - Other comprehensive income increased by approximately 30.30% compared to the beginning of the year, mainly due to the rise in fair value of available-for-sale financial assets[12]. - Other comprehensive income increased by approximately 185.56% compared to the previous period, mainly due to the rise in the fair value of available-for-sale financial assets[13]. - The company reported a comprehensive income total of 626,561 thousand RMB, compared to 462,069 thousand RMB in the previous year, reflecting a growth of 35.5%[30]. Expenses - The company's operating costs increased by approximately 30.70% compared to the previous period, primarily due to the rise in power generation and coal prices[13]. - Tax expenses increased by approximately 84.95% compared to the previous period, mainly due to the impact of property tax, vehicle and vessel usage tax, land use tax, and stamp duty[13]. - Sales expenses decreased by approximately 91.31% compared to the previous period, mainly due to the inclusion of coal chemical sector expenses in the previous period[13]. - Management expenses decreased by approximately 45.18% compared to the previous period, also due to the inclusion of coal chemical sector expenses in the previous period[13]. - Income tax expenses decreased by approximately 50.44% compared to the previous period, mainly due to a decrease in the total profit of profitable subsidiaries[13]. - Other operating income decreased by approximately 61.33% compared to the previous period, primarily due to a reduction in government subsidies[13]. Investment Income - Investment income increased by approximately 97.34% compared to the previous period, primarily due to the transfer of available-for-sale financial assets[13]. - Investment income for Q1 2017 was 550,240 thousand RMB, an increase of 97.0% compared to 278,829 thousand RMB in Q1 2016[29].