闽东电力(000993) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥77,473,084.98, a decrease of 62.82% compared to ¥208,365,411.57 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥62,138,157.44, representing a decline of 3,537.76% from a profit of ¥1,807,520.41 in the previous year[8] - The net cash flow from operating activities was negative at ¥36,126,858.66, worsening by 374.75% compared to a negative cash flow of ¥7,609,697.55 in the same period last year[8] - Revenue decreased by 62.82% compared to the same period last year, primarily due to reduced rainfall and lower power generation, as well as decreased sales area for the "Taihe Garden" residential project[19] - Operating costs decreased by 47.02% year-on-year, mainly due to reduced power generation leading to lower corresponding costs[19] - Net profit attributable to the parent company decreased by 3537.76% compared to the same period last year, driven by lower profits in the hydropower and real estate sectors[21] - Basic earnings per share decreased by 2927.08% year-on-year, reflecting the significant drop in net profit attributable to the parent company[21] - Cash received from sales of goods and services decreased by 35.94% compared to the previous year, mainly due to lower revenues in the hydropower and real estate sectors[24] Assets and Shareholder Information - The total assets at the end of the reporting period were ¥3,999,156,608.39, down 10.20% from ¥4,453,550,169.31 at the end of the previous year[8] - The company's total number of ordinary shareholders at the end of the reporting period was 38,797[11] - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds 47.31% of the shares, totaling 216,673,883 shares[11] Cash Flow and Financial Activities - Cash and cash equivalents decreased by 61.19% to ¥267,024,602.84 due to loan repayments and increased capital expenditures on wind power projects[17] - Tax refunds received increased by 184.53% year-on-year, primarily due to increased VAT refunds in the wind power sector[24] - Cash received from other operating activities increased by 36.15% compared to the same period last year, mainly due to the recovery of customer deposit guarantees in the real estate sector[24] - Cash obtained from borrowings decreased by 88.87% year-on-year, reflecting a reduction in bank loans compared to the previous year[24] - Cash paid for debt repayment increased by 45.37% compared to the same period last year, indicating an increase in bank loan repayments[24] - The company did not engage in any significant asset disposal activities during the reporting period, resulting in a 100% decrease in cash recovered from asset disposals[24] Non-Operating Losses - The company reported a significant increase in non-operating losses, totaling ¥721,689.43, primarily due to other operating income and expenses[9] - The company did not engage in any repurchase transactions among its top ten shareholders during the reporting period[12]