绿发电力(000537) - 2014 Q2 - 季度财报

Financial Performance - The company achieved operating revenue of CNY 613,671,796.32, a decrease of 34.71% compared to the same period last year[20]. - Net profit attributable to shareholders was CNY 180,078,321.02, an increase of 3.25% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 126,172,881.78, down 25.71% from the previous year[20]. - The net cash flow from operating activities was CNY 70,682,215.38, a significant decline of 80.81% compared to the same period last year[20]. - Total revenue for the period was CNY 613,671,796.32, a decrease of 34.6% compared to CNY 939,917,724.54 in the previous period[103]. - Net profit for the period reached CNY 275,893,766.45, slightly up from CNY 270,513,201.59 year-over-year, representing a growth of 2.5%[104]. - The net profit for the first half of 2014 was CNY 174,402,530, showing a significant increase compared to the previous year[119]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,432,781,720.10, an increase of 6.78% from the end of the previous year[20]. - The company's total liabilities at the end of the reporting period were RMB 2,090,284,670.48, slightly decreased from RMB 2,084,865,873.23 at the beginning of the period, indicating a reduction of about 0.3%[98]. - Cash and cash equivalents at the end of the reporting period were RMB 1,928,461,448.16, up from RMB 1,857,389,728.38, marking an increase of about 3.8%[96]. - Inventory levels rose to RMB 1,989,020,312.19 from RMB 1,869,913,116.67, reflecting an increase of approximately 6.4%[96]. - The company's accounts payable decreased to RMB 217,809,439.62 from RMB 233,458,916.33, showing a decline of about 6.7%[98]. Shareholder Equity - Shareholders' equity attributable to the company was CNY 1,709,342,361.91, up 11.78% from the end of the previous year[20]. - The total equity attributable to shareholders of the parent company increased to RMB 1,709,342,361.91 from RMB 1,529,264,040.89, representing a growth of approximately 11.8%[98]. - The total equity attributable to the parent company at the end of the reporting period was CNY 1,785,159,000, an increase from the previous year's CNY 1,514,646,000[119]. Cash Flow - The net cash flow from operating activities for the first half of 2014 was ¥70,682,215.38, a decrease of 80.8% compared to ¥368,274,930.26 in the same period of 2013[110]. - Total cash inflow from operating activities was ¥758,298,447.13, while cash outflow was ¥687,616,231.75, resulting in a net cash inflow of ¥70,682,215.38[110]. - The cash flow from investment activities showed a net inflow of ¥2,956,304.40, compared to a net outflow of ¥99,400.00 in the previous period[111]. - The company reported a total cash outflow from financing activities of ¥2,566,800.00, resulting in a net cash flow from financing activities of -¥2,558,083.13[111]. Operational Highlights - The ongoing major asset restructuring has been approved by the shareholders' meeting, laying a solid foundation for future development[28]. - The company plans no cash dividends or stock bonuses for this period[6]. - There were no major investments or acquisitions reported during the period[34][35]. - The company did not disclose any significant changes in profit structure or sources during the reporting period[31]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[128]. - The company’s accounting policies are based on historical cost measurement, except for certain financial instruments[128]. - The company has established criteria for recognizing impairment losses on financial assets, including a significant single item threshold of 10% of year-end balances[166]. - The company assesses the impairment of financial assets at each balance sheet date, ensuring that any recoverable value is reflected in the financial statements[163]. Investment and Assets Management - Investment properties are initially measured at cost and subsequently measured using the cost model, with depreciation or amortization applied similarly to buildings or land use rights[178]. - Long-term equity investments from business combinations are initially measured at the book value of the acquired entity's equity on the merger date[174]. - The recoverable amount of assets is determined as the higher of the fair value less costs to sell and the present value of expected future cash flows[179]. - Impairment losses are recognized when the recoverable amount is less than the carrying amount, and these losses cannot be reversed in subsequent periods[186].