黔源电力(002039) - 2014 Q1 - 季度财报

Financial Performance - Revenue for Q1 2014 was CNY 121,973,274.46, a decrease of 65.4% compared to CNY 352,536,658.78 in the same period last year[8]. - Net profit attributable to shareholders was a loss of CNY 73,799,670.23, a decline of 2,385.82% from a profit of CNY 3,228,584.61 in the previous year[8]. - Operating cash flow for the period was CNY 24,842,792.51, down 83.4% from CNY 149,679,775.87 year-on-year[8]. - Basic and diluted earnings per share were both CNY -0.3625, compared to CNY 0.0159 in the same period last year, representing a decrease of 2,379.87%[8]. - The company expects a net loss of between CNY 40 million and CNY 45 million for the first half of 2014, compared to a net profit of CNY 14.23 million in the same period of 2013[23]. - The decrease in revenue is primarily due to low water levels at the beginning of 2014, resulting in significantly reduced power generation in the first quarter[23]. - The company anticipates that the income generated during the flood season from April to June will not be sufficient to cover the losses incurred in the first quarter[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,307,340,655.10, an increase of 0.8% from CNY 17,169,687,368.85 at the end of the previous year[8]. - Net assets attributable to shareholders decreased by 4.4% to CNY 1,543,113,193.93 from CNY 1,614,131,526.66[8]. - Cash and cash equivalents decreased by 54.11% to CNY 113,540,908.40 from CNY 247,394,002.39[15]. - The company has repaid long-term borrowings due within one year, impacting its financial position[16]. Accounts Receivable - Accounts receivable increased by 159.25% to CNY 105,475,840.42 from CNY 40,685,484.75[15]. - The company reported an increase in accounts receivable at the end of the period due to higher power generation compared to the end of the previous year[16]. Shareholder Information - The number of shareholders at the end of the reporting period was 12,789[11]. - The top three shareholders held a combined 33.39% of the shares, with China Huadian Group Company holding 13.58%[11]. - The company has committed to not reducing its holdings of certain shares for a specified period, ensuring stability for minority shareholders[20]. Operational Insights - The increase in deferred tax assets is attributed to the provision for bad debts made during the period[16]. - The company has seen a reduction in variable costs due to decreased power generation[16]. - The cash received from sales of goods has decreased compared to the same period last year due to reduced power generation revenue[16]. - The company has not disclosed any other significant matters during the reporting period[18].