HEGC(000883)2025-04-24 14:06Financial Performance - The company's operating revenue for Q1 2025 was ¥4,182,669,175.34, a decrease of 19.65% compared to ¥5,205,536,997.96 in the same period last year[4] - Net profit attributable to shareholders was ¥356,239,005.00, down 54.31% from ¥779,683,328.22 year-on-year[4] - The net cash flow from operating activities decreased by 30.10% to ¥1,620,055,304.52 from ¥2,317,560,545.62 in the previous year[4] - Basic and diluted earnings per share were both ¥0.06, a reduction of 50.00% compared to ¥0.12 in the same period last year[4] - The company reported a 57.87% decline in net profit after deducting non-recurring gains and losses, amounting to ¥317,573,010.54 compared to ¥753,794,597.67 last year[4] - The company recorded a significant decrease in cash flow from financing activities, which amounted to -¥171,623,135.54, a decline of 114.83% compared to the previous year[8] - The company’s net profit for the current period is 418,772,481.44, a decrease from 957,530,731.47 in the previous period, representing a decline of approximately 56.2%[26] - The total profit for the current period is 521,983,976.22, down from 1,159,876,867.90, reflecting a decrease of about 55.1%[26] - The company reported a total comprehensive income of 265,820,926.15, compared to 968,480,021.49 in the previous period, a decline of about 72.5%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥98,471,511,871.19, reflecting a slight increase of 0.19% from ¥98,280,544,637.28 at the end of the previous year[4] - The total liabilities decreased to CNY 57,366,488,744.58 from CNY 57,622,323,221.41, indicating a reduction of 0.4%[23] - The cash and cash equivalents increased to CNY 2,406,224,621.32 from CNY 2,268,835,469.85, representing a growth of 6.1%[21] - The company's inventory decreased to CNY 807,221,255.86 from CNY 1,066,344,640.48, a decline of 24.3%[21] - The long-term equity investments decreased slightly to CNY 5,523,105,139.97 from CNY 5,585,058,303.03, a reduction of 1.1%[22] - The cash and cash equivalents at the end of the period amount to 2,056,312,191.96, a decrease from 2,610,064,459.41, representing a decline of approximately 21.1%[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 77,518, with no preferred shareholders[10] - Hubei Hongtai Group increased its shareholding in the company by acquiring 41,744,535 shares, totaling approximately RMB 199.99 million[12] - Hubei Hongtai Group holds 28.03% of the company's shares, amounting to 1,822,266,821 shares, with 350 million shares pledged[11] - China Yangtze Power holds 26.38% of the company, equivalent to 1,715,243,843 shares[11] - The company’s major shareholders include China Yangtze Three Gorges Group, which is the controlling shareholder of China Yangtze Power[11] - The company has not disclosed any other related party transactions among its major shareholders beyond those mentioned[11] Investment and Financing Activities - The company plans to issue up to 585,858,585 shares to its controlling shareholder, China Three Gorges Corporation, raising a total of up to RMB 2.9 billion for the construction of the Luotian Pingtan Pumped Storage Power Station project[17] - The company intends to transfer 529,609,894 shares of Changjiang Securities at a price of RMB 8.20 per share to optimize resource allocation and enhance core competitiveness[16] - The company has received approval from the Shenzhen Stock Exchange for its stock issuance plan, pending further approval from the China Securities Regulatory Commission[17] - The company has not engaged in any share lending activities through margin trading for its top shareholders[12] Operational Efficiency - The company experienced a 9.58% decrease in operating costs, totaling ¥3,369,565,889.66, due to reduced fuel costs and lower natural gas procurement[8] - The total operating costs for the current period amount to CNY 3,809,812,541.43, down 8.6% from CNY 4,166,395,065.11 in the previous period[25] - The company plans to continue its market expansion and investment in new technologies to enhance operational efficiency and profitability[19] Other Financial Metrics - The company incurred a credit impairment loss of -13,996,772.87, compared to -9,101,115.93 in the previous period, indicating an increase in losses[26] - The cash outflow from investing activities is -1,315,237,806.95, compared to -2,322,938,541.44 in the previous period, indicating a reduction in cash outflow by approximately 43.3%[29]