豫能控股(001896) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥2,410,108,145.54, representing a 41.59% increase compared to ¥1,702,233,903.60 in the same period last year[8] - The net profit attributable to shareholders was -¥201,349,163.44, a decrease of 69.37% from -¥118,879,958.19 year-on-year[8] - The net cash flow from operating activities decreased by 35.25% to ¥60,803,731.95 from ¥93,906,963.08 in the previous year[8] - The basic earnings per share for the reporting period was -¥0.1750, a decline of 58.51% from -¥0.1104 in the previous year[8] - The weighted average return on net assets was -3.22%, down from -2.13% in the same period last year[8] - The net profit for the current period was CNY -279,435,939.84, a decrease of 77.54% compared to CNY -157,394,326.18 in the same period last year, mainly due to rising coal prices and increased fuel costs[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,527,375,350.35, an increase of 3.02% from ¥20,896,357,015.95 at the end of the previous year[8] - The company's net assets attributable to shareholders decreased by 3.17% to ¥6,152,231,339.69 from ¥6,353,580,503.13[8] - Cash and cash equivalents increased by 29.56% to ¥970,544,741.27 compared to ¥749,090,059.82 at the beginning of the year, mainly due to significant bank loans received by a subsidiary[16] - Accounts receivable interest increased by 99.59% to ¥7,801,425.70 from ¥3,908,761.93, attributed to the expansion of factoring business by a subsidiary[16] - Other non-current assets rose by 34.75% to ¥655,620,702.82 from ¥486,529,320.63, primarily due to increased prepayments for engineering projects[16] Cash Flow - The cash flow from operating activities for the current period was CNY 60,803,731.95, a decrease of 35.25% compared to CNY 93,906,963.08 in the same period last year, attributed to increased cash outflows from factoring business[23] - The company’s cash and cash equivalents net increase for the current period was CNY 182,996,470.91, a decrease of 77.76% from CNY 822,881,364.27 in the same period last year, primarily due to reduced cash inflows from financing activities[24] Investments and Projects - The company has invested CNY 800,000 in financial support for its subsidiary, Run Electric Science, to meet its operational funding needs[27] - The company plans to enhance its asset structure and R&D capabilities through its investment in Run Electric Science, which aligns with its strategic development needs[26] - The company has established two wholly-owned subsidiaries for wind power projects with a registered capital of CNY 50 million each, totaling an expected investment of CNY 1.171 billion[29] - External financing of approximately CNY 940 million is required for the projects, with CNY 640 million for the Phoenix Wind Power and CNY 300 million for the Jian Shan Feng Wind Power[29] - The company has provided guarantees for project loans of up to CNY 640 million and CNY 300 million for the two subsidiaries, respectively, to support construction and operation[30] - The investment in renewable energy projects aligns with the company's development strategy, as wind power is considered mature with lower investment risks and stable revenue post-production[30] - The company will closely monitor the financial status and operational performance of the project companies to ensure proper use and timely repayment of the loans[30] Compliance and Governance - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[32] - The company has not engaged in any securities or derivative investments during the reporting period[33][34] - There are no violations regarding external guarantees during the reporting period[36] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[37]