2025-04-28 13:25Financial Performance - The company's operating revenue for Q1 2025 was ¥8,140,110,543.19, a decrease of 19.00% compared to ¥10,049,080,867.56 in the same period last year[5] - Net profit attributable to shareholders was ¥1,901,679,303.35, down 22.07% from ¥2,440,360,722.95 year-on-year[5] - The net cash flow from operating activities decreased by 24.84% to ¥2,695,869,054.16 from ¥3,586,730,689.38 in the previous year[15] - Basic and diluted earnings per share were both ¥0.2275, reflecting a decline of 21.42% compared to ¥0.2895 in the previous year[5] - Total operating revenue decreased to ¥8,140,110,543.19 from ¥10,049,080,867.56, representing a decline of approximately 19% year-over-year[31] - Total operating costs reduced to ¥5,704,735,473.33 from ¥7,082,612,361.52, a decrease of about 19.4% year-over-year[31] - Net profit attributable to shareholders decreased to ¥1,901,679,303.35 from ¥2,440,360,722.95, reflecting a decline of approximately 22% year-over-year[32] - Operating cash flow net amount was ¥2,695,869,054.16, down from ¥3,586,730,689.38, indicating a decrease of about 25% year-over-year[33] - The company reported a total profit of ¥2,773,516,208.79, down from ¥3,274,620,928.20, a decrease of about 15.3% year-over-year[32] Assets and Liabilities - Total assets at the end of the reporting period increased by 3.16% to ¥265,234,181,225.35 from ¥257,106,196,386.24 at the end of the previous year[5] - The company's current assets totaled ¥55,430,762,142.37 as of March 31, 2025, compared to ¥51,832,688,886.80 at the beginning of the year[29] - The total liabilities increased to ¥176,796,483,405.02 as of March 31, 2025, from ¥170,996,845,621.22 at the beginning of the year[30] - The company's total assets reached ¥265,234,181,225.35 as of March 31, 2025, up from ¥257,106,196,386.24 at the beginning of the year[30] - The net profit attributable to the parent company increased to ¥48,872,404,335.76 as of March 31, 2025, compared to ¥46,970,725,032.41 at the beginning of the year[30] Cash Flow - The company reported a significant increase in cash and cash equivalents, totaling ¥3,195,593,065.05 as of March 31, 2025, down from ¥3,283,309,084.04 at the beginning of the year[29] - The company's total cash inflow from operating activities was ¥6,572,965,512.85, down from ¥9,849,324,363.24, indicating a decrease of approximately 33% year-over-year[33] - Investment activities generated a net cash outflow of ¥5,210,557,796.12, compared to a net outflow of ¥7,198,364,516.14 in the previous period[33] - Cash inflow from financing activities totaled $41.88 billion, an increase from $38.78 billion year-over-year[34] - Cash outflow from financing activities amounted to $39.48 billion, compared to $36.33 billion in the previous year[34] - Net cash flow from financing activities was $2.39 billion, slightly down from $2.45 billion year-over-year[34] - The impact of exchange rate changes on cash and cash equivalents was $8.65 million, a positive shift from a negative $4.01 million in the previous year[34] - The net increase in cash and cash equivalents was a decrease of $112.68 million, improving from a decrease of $1.17 billion year-over-year[34] - The ending balance of cash and cash equivalents was $3.01 billion, down from $3.64 billion in the previous year[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,489, with the largest shareholder being State Energy Investment Group holding 55.05%[16] - The total number of shareholders holding more than 5% of shares includes the State Energy Investment Group with 4,602,432,800 shares[19] Renewable Energy Capacity and Generation - The company plans to continue focusing on expanding its renewable energy projects and optimizing operational efficiency in response to the current market conditions[5] - The total installed capacity of the group as of March 31, 2025, is 41,149.45 MW, representing a year-on-year increase of 13.81% from 36,155.83 MW[23] - Wind power installed capacity increased to 30,443.52 MW, up 9.59% from 27,780.64 MW year-on-year[21] - Solar power installed capacity rose significantly by 65.53% to 10,699.83 MW compared to 6,464.09 MW in the previous year[22] - The total renewable energy generation for Q1 2025 was 20,286,104 MWh, an increase of 8.81% compared to 18,643,992 MWh in Q1 2024[25] - Wind power generation reached 17,776,030 MWh in Q1 2025, up 4.37% from 17,030,932 MWh in Q1 2024[25] - Solar power generation significantly increased by 55.65%, reaching 2,508,578 MWh in Q1 2025 compared to 1,611,658 MWh in Q1 2024[26] - The total power generation for the group in Q1 2025 was 20,286,104 MWh, a decrease of 4.42% year-on-year, but an 8.81% increase when excluding thermal power impacts[24] - The group added 36.25 MW of new installed capacity in Q1 2025, including 34.75 MW from wind and 1.5 MW from solar[20] - The group reduced biomass power generation capacity by 30 MW due to the bankruptcy of a subsidiary[20] - The average utilization hours for wind power in Q1 2025 were 585 hours, a decrease of 55 hours compared to the same period last year[24] Other Financial Metrics - Research and development expenses were ¥19,310,156.92, down from ¥22,923,686.60, a decrease of about 15.5% year-over-year[31] - Other comprehensive income after tax was ¥73,309,654.28, down from ¥177,026,450.48, reflecting a decline of approximately 58.6% year-over-year[32] - The company has not yet audited its first-quarter report for 2025[35]