NMHD(SH:600863)2025-04-24 12:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,052,044,948.68, a decrease of 9.33% compared to CNY 5,571,659,903.02 in the same period last year[3] - The net profit attributable to shareholders was CNY 744,035,711.10, down 16.25% from CNY 888,410,325.67 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 744,659,468.06, a decrease of 13.21% compared to CNY 857,968,699.16 in the previous year[3] - Basic earnings per share were CNY 0.112, down 15.15% from CNY 0.132 in the previous year[3] - The diluted earnings per share were also CNY 0.112, a decrease of 15.15% compared to CNY 0.132 year-on-year[3] - The weighted average return on equity decreased by 1.117 percentage points to 4.369% from 5.486% in the previous year[3] - The company's net profit attributable to shareholders for the reporting period was 744.04 million RMB, a decrease of 16.25% year-on-year[12] - The total power generation for the period was 12.069 billion kWh, a decrease of 16.40% year-on-year, with thermal power generation at 11.018 billion kWh, down 17.96%[12] - The average selling price of electricity was 363.11 RMB per MWh (excluding tax), an increase of 3.57% year-on-year, driven by increased peak-shaving operations of thermal power units[12] - The average selling price of coal was 358.78 RMB per ton (excluding tax), a decrease of 58.57 RMB per ton, representing a decline of 14.03% year-on-year[13] - The unit price of coal for furnace use was 539.79 RMB per ton, down 48.02 RMB per ton, a decrease of 8.17% year-on-year[13] Cash Flow and Investments - The net cash flow from operating activities was CNY 887,374,427.83, reflecting a decline of 8.67% from CNY 971,621,537.86 in the same period last year[3] - The company's cash and cash equivalents increased to 1.08 billion RMB as of March 31, 2025, compared to 709.33 million RMB at the end of 2024[15] - The net cash flow from investment activities in Q1 2025 was -CNY 605,382,465.62, compared to -CNY 158,157,725.83 in Q1 2024, indicating increased investment outflows[23] - The company raised CNY 607,648,191.00 from financing activities in Q1 2025, while outflows totaled CNY 729,759,987.11, resulting in a net cash flow of -CNY 122,111,796.11[23] - The cash flow from operating activities showed a slight decline, indicating potential challenges in maintaining revenue levels[22] - The cash flow from operating activities for Q1 2025 was negative at approximately -¥80.77 million, worsening from -¥51.40 million in Q1 2024[34] - The cash flow from investing activities for Q1 2025 was positive at approximately ¥968.97 million, compared to ¥489.34 million in Q1 2024, showing an increase of 97.9%[34] - The cash flow from financing activities for Q1 2025 was negative at approximately -¥860.49 million, compared to -¥751.54 million in Q1 2024, indicating a decline of 14.5%[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 40,183,116,880.73, an increase of 0.77% from CNY 39,877,812,141.43 at the end of the previous year[4] - The equity attributable to shareholders increased by 4.80% to CNY 18,757,394,898.12 from CNY 17,897,711,501.34 at the end of the previous year[4] - Total assets as of the reporting date were ¥40,183,116,880.73, an increase from ¥39,877,812,141.43 in the previous period[17] - Total liabilities decreased to ¥15,544,083,875.09 from ¥16,300,892,068.78[17] - The company's total liabilities decreased to CNY 8,114,004,659.50 as of March 31, 2025, down from CNY 9,030,360,054.97 at the end of 2024[27] - The total equity increased to CNY 17,362,243,135.52 as of March 31, 2025, compared to CNY 15,227,321,837.82 at the end of 2024[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 162,224[9] Investment Income - The company reported an investment income of ¥54,408,073.64 in Q1 2025, down from ¥74,501,434.02 in Q1 2024[20] - The company reported an increase in investment income for Q1 2025, amounting to approximately ¥2.09 billion, compared to ¥81.06 million in Q1 2024, reflecting a growth of 2,485.5%[30] Financial Expenses - The company incurred financial expenses of approximately ¥10.81 million in Q1 2025, a decrease from ¥11.79 million in Q1 2024, representing a reduction of 8.3%[30]