电投产融(000958) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥741,559,668.24, a decrease of 15.49% compared to ¥877,468,880.49 in the same period last year[8] - Net profit attributable to shareholders was ¥170,818,122.12, down 14.83% from ¥200,559,255.19 year-on-year[8] - Basic and diluted earnings per share were both ¥0.31, reflecting a decline of 13.89% from ¥0.36 in the same period last year[8] - The weighted average return on equity was 7.14%, down from 8.63% in the previous year, a decrease of 1.49%[8] Cash Flow and Assets - The net cash flow from operating activities decreased by 48.20%, amounting to ¥91,880,290.95 compared to ¥177,377,044.46 in the previous year[8] - Cash and cash equivalents decreased by 43.15% due to the repayment of 200 million yuan in loans to the financial company[15] - Total assets at the end of the reporting period were ¥4,985,640,545.09, a decrease of 5.96% from ¥5,301,368,062.01 at the end of the previous year[8] - Net assets attributable to shareholders increased by 7.35% to ¥2,496,049,921.41 from ¥2,325,231,799.29 at the end of the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,587[11] - The largest shareholder, State Power Investment Corporation, held 33.37% of the shares, totaling 183,908,000 shares[11] Non-Recurring Items and Other Gains - The company reported non-recurring gains and losses totaling ¥710,408.53 for the reporting period[9] - Minority interest profit increased by 164.45% due to a significant increase in net profit from the controlling subsidiary heating company compared to the previous year[15] Changes in Liabilities and Expenses - Short-term borrowings decreased by 48.08% as the company repaid 200 million yuan in loans to the financial company[15] - Financial expenses decreased by 60.31% primarily due to a reduction in principal borrowings[15] Inventory and Receivables - Accounts receivable decreased by 58.18% primarily due to a reduction in bank acceptance bills for electricity settlement[15] - Inventory decreased by 40.23% mainly due to the end of the winter heating season and a decline in raw coal inventory[15] - Construction in progress decreased by 54.00% as the Laiyuan New Energy construction project was transferred to fixed assets[15] - Long-term prepaid expenses increased by 102.89% due to new land lease fees for Laiyuan New Energy[15] Revenue Recognition - Deferred revenue decreased by 58.64% mainly due to a reduction in recognized revenue from prepaid heating fees[15] - Cash received from operating activities increased by 74.54% mainly due to government subsidies received by the heating company totaling 2.48 million yuan and 2.1 million yuan for heating subsidies[15]