电投能源(002128) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥1,494,487,784.70, a decrease of 12.56% compared to ¥1,709,161,350.77 in the same period last year[8]. - The net profit attributable to shareholders was ¥250,061,721.08, down 37.7% from ¥401,358,155.81 year-on-year[8]. - The weighted average return on equity decreased by 3 percentage points to 3.86% from 6.86% in the previous year[8]. - The company's basic earnings per share fell by 36.67% to ¥0.19 from ¥0.30 year-on-year[8]. - The expected net profit attributable to shareholders for the first half of 2014 is projected to decrease by 45% to 15%, amounting to between CNY 22,631.09 million and CNY 34,975.33 million, primarily due to adverse coal market conditions[25]. Cash Flow and Assets - The net cash flow from operating activities was -¥406,466,345.64, a significant increase of 1,641.99% compared to -¥23,333,424.25 in the previous year[8]. - Total assets at the end of the reporting period were ¥10,285,000,288.11, reflecting a 4.14% increase from ¥9,875,732,491.59 at the end of the previous year[8]. - The company's cash and cash equivalents decreased by 68.41% to ¥167,041,035.60 due to reduced settlement receipts[15]. - Accounts receivable increased by 81.63% to ¥2,494,027,218.33, primarily due to an increase in coal receivables[15]. Liabilities and Financing - Short-term borrowings rose by 39.27% to ¥1,589,800,000.00, indicating an increase in short-term financing[15]. - Cash received from borrowings was CNY 1,189,800,000.00, a year-on-year increase of 249.94%, mainly due to an increase in short-term borrowings[17]. - Cash paid for debt repayment was CNY 901,500,000.00, a year-on-year increase of 242.78%, primarily due to loan repayments[18]. Operating Expenses - Operating expenses for the current period amounted to CNY 165,271.50, a year-on-year increase of 100.00%, primarily due to the disposal of fixed assets[17]. - Income tax expenses for the current period were CNY 46,174,096.95, a year-on-year decrease of 34.95%, mainly due to a reduction in total profit[17]. - Cash received from other operating activities was CNY 6,056,259.41, a year-on-year decrease of 88.09%, primarily due to funds received from the Hohhot Municipal Finance Bureau in the previous year[17]. - Cash paid for other operating activities was CNY 369,205,899.72, a year-on-year increase of 67.48%, mainly due to payments for freight and other expenses[17]. - Cash received from the disposal of fixed assets, intangible assets, and other long-term assets was CNY 0.00, a year-on-year decrease of 100.00%[17]. - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was CNY 216,906,045.76, a year-on-year increase of 129.29%, primarily due to payments for asset acquisition[17]. Shareholder Information - The total number of shareholders at the end of the reporting period was 56,725[11]. - The company plans to issue non-public shares, pending approval from the State-owned Assets Supervision and Administration Commission and the shareholders' meeting[20].