湖北能源(000883) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥2,031,674,821.25, representing a 37.31% increase compared to ¥1,479,598,219.49 in the same period last year[9]. - Net profit attributable to shareholders decreased by 67.56% to ¥49,673,281.13 from ¥153,110,823.71 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥46,642,070.69, down 68.62% from ¥148,621,173.14 in the previous year[9]. - Net profit for the period was ¥88,930,451.76, a decrease of ¥105,146,472.11 or 54.18% year-on-year, attributed to increased financial expenses and reduced investment income[20]. Cash Flow and Assets - The net cash flow from operating activities increased by 52.24% to ¥375,534,777.90 compared to ¥246,675,380.39 in the same period last year[9]. - Cash and cash equivalents at the end of the period amounted to ¥2,871,503,352.94, an increase of ¥1,730,621,736.91 or 151.69% compared to the beginning of the period, primarily due to the issuance of a ¥2 billion short-term financing bond[18]. - The company’s cash flow from financing activities was ¥2,196,732,170.38, an increase of ¥2,987,199,071.28 or 377.90% year-on-year, mainly due to increased borrowings and short-term financing bond issuance[20]. - Total assets at the end of the reporting period were ¥34,013,558,266.62, a 7.34% increase from ¥31,687,461,849.99 at the end of the previous year[9]. Shareholder Information - The total number of shareholders at the end of the reporting period was 46,065[13]. - The largest shareholder, Hubei Provincial Government, held 33.33% of the shares, amounting to 888,317,165 shares[13]. - The second-largest shareholder, China Yangtze Power Co., Ltd., owned 28.42% of the shares, totaling 760,090,017 shares[13]. Investments and Expenses - The company invested ¥500 million in Shaanxi Coal Industry Co., Ltd. to strengthen its coal supply chain and cost control[21]. - The company’s financial expenses increased by ¥106,951,081.61 or 81.71% year-on-year, primarily due to foreign exchange losses from currency fluctuations[18]. - The company’s investment income decreased by ¥38,920,569.60 or 38.85% year-on-year, due to lower performance from invested entities[18]. Inventory and Liabilities - The company’s inventory at the end of the period was ¥212,351,985.56, an increase of ¥63,459,297.75 or 42.62% compared to the beginning of the period, mainly due to increased coal reserves[18]. - The company’s total liabilities decreased by ¥170,571,822.03 or 31.87% in accounts payable, reflecting reduced bill settlement volume[18]. Shareholdings in Other Companies - The company holds 253,421,229 shares of Changjiang Securities, representing 10.69% ownership, with a report period profit of 33,342,839.88 yuan[26]. - The company owns 65,362,553 shares of Guodian Changyuan Power, accounting for 11.8% ownership, with a report period profit of 20,027.473 yuan[26]. - The company invested 500 million yuan to acquire 125,000,000 shares of Shaanxi Coal and Chemical Industry, representing a 1.25% ownership[26].