长源电力(000966) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥1,426,426,857.05, a decrease of 10.30% compared to ¥1,590,149,536.42 in the same period last year[5] - Net profit attributable to shareholders was ¥292,735,745.61, an increase of 9.34% from ¥267,718,321.70 year-on-year[5] - The net cash flow from operating activities increased by 29.48% to ¥807,357,117.26, compared to ¥623,538,365.52 in the previous year[5] - The weighted average return on equity was 8.70%, down from 11.09% in the previous year, reflecting a decrease of 2.39%[5] - The basic earnings per share increased by 9.36% to ¥0.5283 from ¥0.4831 in the same period last year[5] - The company's net profit attributable to shareholders increased by 9.34% year-on-year, primarily due to a decrease in benchmark coal prices contributing approximately 170 million CNY to profit[17] Assets and Liabilities - Total assets decreased by 5.52% to ¥9,052,768,964.58 from ¥9,582,023,862.32 at the end of the previous year[6] - The net assets attributable to shareholders increased by 9.10% to ¥3,510,518,904.73 from ¥3,217,783,159.12 at the end of the previous year[6] - Accounts receivable decreased by 41.52% to ¥419,216,590.96 due to a decline in sales receivables during the reporting period[13] - Inventory decreased by 35.17% to ¥141,152,112.43, primarily due to a reduction in coal inventory[13] Expenses - Sales expenses for Q1 2016 amounted to 16,243.50 CNY, a decrease of 68.69% compared to the previous period, mainly due to reduced coal trading activities by a subsidiary[14] - Management expenses for Q1 2016 were 20,959,176.58 CNY, an increase of 31.10% year-on-year, primarily due to increased social security costs[14] - Financial expenses for Q1 2016 were 49,425,754.87 CNY, a decrease of 46.62% year-on-year, attributed to a reduction in interest-bearing liabilities[14] Cash Flow - Cash received from operating activities increased by 55.89% to 101,938,843.29 CNY in Q1 2016, driven by increased receivables[14] - Cash paid for operating activities rose by 66.83% to 112,857,008.94 CNY in Q1 2016, mainly due to increased payments to suppliers[14] - The company reported a 100% decrease in cash received from investment recoveries and investment income, amounting to 0.00 CNY in Q1 2016[14] Future Outlook and Investments - The company plans to invest 81.25 million CNY in Guanshui Wind Power to accelerate the development of wind power projects[16] - The company anticipates significant impacts on its 2016 operating results due to a reduction in coal-fired power generation pricing by 0.0435 CNY per kWh effective January 1, 2016[17] Power Generation - In Q1 2016, the company achieved a total power generation of 3.942 billion kWh and a sales volume of 3.728 billion kWh, representing a decrease of 0.71% and 0.75% year-on-year respectively[15] - The company reported government subsidies amounting to ¥1,253,208.73 during the reporting period[7]