GED(SZ:000539)2018-04-27 16:00Financial Performance - The company reported a revenue of ¥5,812,535,688 for Q1 2018, representing a 4.64% increase compared to ¥5,554,665,288 in the same period last year[8] - Net profit attributable to shareholders was ¥5,745,879, a significant turnaround from a loss of ¥115,409,510, marking a 104.98% improvement[8] - The net cash flow from operating activities increased by 223.70% to ¥1,540,043,756 from ¥475,755,783 year-on-year[8] - Basic earnings per share improved to ¥0.001 from a loss of ¥0.022, reflecting a 104.55% increase[8] - The weighted average return on equity rose to 0.02% from -0.49%, indicating a recovery in profitability[8] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥70,852,027,159, a slight decrease of 0.22% from ¥71,007,415,323 at the end of the previous year[8] - The number of ordinary shareholders at the end of the reporting period was 99,743, with the largest shareholder, Guangdong Provincial Yue Electric Group Co., Ltd., holding 67.39%[11] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[12] Profitability Factors - The company attributed the profit turnaround to increased electricity demand and better performance from joint ventures, despite high coal prices impacting fuel costs[15] - Non-recurring gains and losses amounted to ¥1,415,515, primarily from government subsidies and other operating income[9] Agreements and Plans - The company signed a share custody agreement with Guangdong Yuedian Group, entrusting shareholder rights of 29 target companies to the company[16] - The company received a work plan from the Guangdong Provincial Development and Reform Commission regarding the retirement of the Shajiao Power Plant, which includes the shutdown of 10 units by the end of 2025[16] Bond Transactions - The company completed a partial bond repurchase of "12 Yuedian Bonds," with a repurchase quantity of 11,596,935 bonds and a total amount of RMB 1,217,087,933.25[17] - The remaining custody quantity of "12 Yuedian Bonds" is 403,065 bonds[17] Future Expectations - The company does not expect significant changes in net profit for the first half of 2018 compared to the same period last year[21] Investments - The company holds 55,532,250 shares of Sheneng Co., accounting for 1.22% of the total shares, with a book value of RMB 319,865,760[21] - The company holds 12,600,000 shares of Shenzhen Energy, representing 0.32% of the total shares, with a book value of RMB 73,584,000[21] - The total investment in securities amounts to RMB 255,328,616, with a book value of RMB 400,127,760[21] Related Party Transactions - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[25] - The company has no derivative investments during the reporting period[22]