长源电力(000966) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥1,609,599,013.56, representing a year-on-year increase of 12.84% compared to ¥1,426,426,857.05 in the same period last year[8]. - The net profit attributable to shareholders of the listed company decreased by 83.17% to ¥49,263,087.77 from ¥292,735,745.61 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 84.65% to ¥44,309,490.12 from ¥288,612,068.49 in the same period last year[8]. - Basic earnings per share decreased by 83.19% to ¥0.0444 from ¥0.5283 in the same period last year[8]. - Net profit for Q1 2017 was ¥54,684,943.36, a decrease of 81.99% compared to the previous year, primarily due to increased benchmark coal prices[18]. - The total profit for Q1 2017 was ¥81,624,284.90, a decrease of 80.69% year-on-year, primarily due to increased operating costs[18]. - The operating profit for Q1 2017 was CNY 78,372,542.01, down from CNY 420,957,379.82 in the same period last year[44]. - Earnings per share for Q1 2017 were CNY 0.0444, compared to CNY 0.2641 in the previous year, indicating a decline in profitability[45]. - The total comprehensive income for Q1 2017 was CNY 54,684,943.36, down from CNY 303,692,995.89 in the same period last year[45]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥222,234,419.05, down 72.47% from ¥807,357,117.26 in the previous year[8]. - The net cash flow from operating activities for Q1 2017 was ¥222,234,419.05, a decrease of 72.5% compared to ¥807,357,117.26 in the previous year[52]. - Total cash outflow from operating activities amounted to ¥1,825,560,257.29, up 53.6% from ¥1,189,774,417.29 year-on-year[52]. - Cash inflow from financing activities was ¥1,247,884,410.92, down 15.5% from ¥1,476,995,908.81 in the previous year[53]. - The net cash flow from financing activities was -¥139,773,766.10, compared to -¥701,270,940.37 in the same period last year, indicating an improvement[53]. - The ending balance of cash and cash equivalents was ¥40,565,009.96, a decrease from ¥109,247,874.91 at the end of the previous year[53]. - The company reported a net cash flow from operating activities of ¥1,732,099.45 for the parent company, significantly down from ¥311,428,081.49 in the previous year[54]. - Cash outflow from investment activities was ¥563,000.00, with no cash inflow reported for the investment activities[56]. - The total cash outflow for financing activities was ¥759,475,569.97, compared to ¥1,364,190,881.52 in the previous year, showing a reduction[56]. - The net increase in cash and cash equivalents for the quarter was ¥14,248,779.76, compared to an increase of ¥19,179,856.27 in the previous year[53]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,221,728,748.96, an increase of 0.40% compared to ¥9,185,126,025.48 at the end of the previous year[8]. - The net assets attributable to shareholders of the listed company increased by 1.42% to ¥3,526,523,349.91 from ¥3,477,260,262.14 at the end of the previous year[8]. - Current assets increased to ¥1,113,239,308.15 from ¥955,757,209.18, representing a growth of approximately 16.5%[35]. - Total liabilities decreased slightly to ¥5,519,734,980.85 from ¥5,537,817,200.73, a reduction of about 0.3%[37]. - Non-current assets totaled ¥8,108,489,440.81, down from ¥8,229,368,816.30, indicating a decrease of approximately 1.5%[36]. - Short-term borrowings decreased to ¥1,975,000,000.00 from ¥2,064,000,000.00, a decline of approximately 4.3%[36]. - The company's equity attributable to shareholders increased to ¥3,526,523,349.91 from ¥3,477,260,262.14, a rise of about 1.4%[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,401[13]. - The largest shareholder, China Guodian Corporation, holds 37.39% of the shares, totaling 414,441,332 shares[13]. Operational Highlights - The company completed a total electricity generation of 4.315 billion kWh in the reporting period, a year-on-year increase of 9.46%[21]. - The company received approval for the construction of the Guanshui Jiyang Mountain Wind Power Project from the Hubei Provincial Development and Reform Commission[21]. - The company plans to establish a wholly-owned subsidiary, Guodian Hubei Energy Sales Co., Ltd., with a capital of ¥20,001 million to engage in power distribution and sales[23]. Cost and Expense Management - Operating costs for Q1 2017 amounted to ¥1,447,260,841.54, an increase of 63.54% year-on-year, mainly due to rising benchmark coal prices[18]. - The company experienced a significant reduction in investment income, reporting a loss of CNY 234,000.00 compared to a loss of CNY 3,010,677.84 in the previous year[44]. - The company reported a decrease in financial expenses to CNY 46,044,325.03 from CNY 49,425,754.87 in the previous year[44]. - Total operating costs for Q1 2017 were CNY 1,530,992,471.55, up from CNY 1,002,458,799.39, reflecting a significant increase in costs[43].