长源电力(000966) - 2015 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2015 was ¥1,590,149,536.42, a decrease of 2.63% compared to the same period last year[4] - Net profit attributable to shareholders increased by 56.82% to ¥267,718,321.70 from ¥170,715,913.00 in the previous year[4] - Net profit excluding non-recurring gains and losses rose by 55.14% to ¥259,252,268.56[4] - Basic and diluted earnings per share increased by 56.80% to ¥0.4831[4] - The net profit attributable to the parent company for Q1 2015 was CNY 267,718,321.70, an increase of 56.82% compared to the previous period[13] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,091,344,300.04, down 2.90% from the end of the previous year[4] - Net assets attributable to shareholders increased by 11.73% to ¥2,548,535,730.87[4] - The company's deferred tax assets decreased by 41.94% to CNY 11,325,841.76 as of March 31, 2015, due to a reduction in deductible losses[4] - The company's other payables increased by 40.88% to CNY 165,439,090.91 as of March 31, 2015, primarily due to increased operational payables[4] Cash Flow and Investments - Cash flow from operating activities decreased by 10.42% to ¥623,538,365.52[4] - Cash and cash equivalents increased by 90.18% to ¥97,700,789.86 due to increased cash from borrowings[11] - The company reported an increase of 320.52% in investment income for Q1 2015, totaling CNY 14,697,260.96, due to higher earnings from equity method investments[13] - The company reported a 190.63% increase in cash paid for acquiring fixed assets, totaling CNY 88,672,881.96 in Q1 2015, due to increased technological upgrades[14] Operational Metrics - Accounts receivable increased by 55.04% to ¥114,480,345.98 due to higher bill settlement volume[11] - Inventory decreased by 59.43% to ¥190,599,099.36 due to reduced coal stock[11] - The company's total electricity generation in Q1 2015 was 3.97 billion kWh, with sales of 3.756 billion kWh[16] Strategic Developments - The company completed the acquisition of Hubei Hanxin Power Co., making it a wholly-owned subsidiary, and merged it with Hubei Changyuan Hanchuan First Power Co.[17] - The company plans to adjust its pricing strategy following a government policy to reduce coal-fired power generation prices by approximately CNY 0.02 per kWh[16] - The company has provided guarantees totaling CNY 30,500,000, which is 13.37% of its audited net assets as of December 31, 2014[19] Expenditures - The company cash paid for purchasing goods and services in Q1 2015 was CNY 697,673,123.28, a decrease of 33.69% compared to the previous period[14]