Workflow
长源电力(000966) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2018 was CNY 1,662,228,020.92, an increase of 3.27% compared to the same period last year[8] - Net profit attributable to shareholders was CNY 52,472,619.97, reflecting a growth of 6.52% year-on-year[8] - Net profit excluding non-recurring gains and losses reached CNY 48,099,510.52, up by 8.55% from the previous year[8] - Basic and diluted earnings per share were both CNY 0.0473, representing a 6.53% increase compared to the same period last year[8] Cash Flow and Assets - Net cash flow from operating activities decreased significantly by 58.54%, totaling CNY 92,131,868.92[8] - Total assets at the end of the reporting period amounted to CNY 9,458,537,601.03, a rise of 1.09% from the end of the previous year[8] - Net assets attributable to shareholders increased by 1.62%, reaching CNY 3,295,860,113.21[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,760[13] - The largest shareholder, China Guodian Corporation, held a 37.39% stake in the company[13] Accounts and Inventory - Accounts receivable increased by 91.08% to ¥115,994,995.78 as of March 31, 2018, mainly due to an increase in bank acceptance bills received from State Grid for electricity settlement[17] - Prepayments increased by 336.70% to ¥225,342,719.59 as of March 31, 2018, primarily due to increased coal procurement prepayments[17] - Inventory decreased by 38.18% to ¥150,188,133.01 as of March 31, 2018, mainly due to a reduction in fuel inventory[17] Expenses and Income - Sales expenses were reported at ¥0.00 for Q1 2018, a 100% decrease compared to the previous period, as there were no coal sales activities[18] - Investment income increased by 200% to ¥234,000.00 for Q1 2018, attributed to higher investment income from associated companies[18] Operational Highlights - Total electricity generation reached 4.433 billion kWh in Q1 2018, a 2.73% increase year-on-year[21] - The company’s subsidiary, Guodian Changyuan Guangshui Wind Power Co., Ltd., achieved commercial operation of the Lechengshan Wind Power Project on February 1, 2018[21] - The company signed a procurement contract for wind turbine equipment totaling ¥181,773,423.15 for the Jiyang Mountain Wind Power Project[23] Guarantees and Fund Occupations - The company has no external guarantees and reported a balance of zero for external guarantees as of the end of the reporting period[24] - There are no non-operating fund occupations by the controlling shareholder and its affiliates during the reporting period[32]