Financial Performance - Total operating revenue for the reporting period was CNY 60,334,914,635, a decrease of 7.70% compared to the same period last year[7]. - Net profit attributable to shareholders was CNY 4,972,738,942, an increase of 8.19% year-on-year[7]. - Basic earnings per share were CNY 0.27, up by 8.00% compared to the previous year[7]. - Operating revenue decreased by 7.70% due to a decline in domestic electricity generation and average grid settlement prices[13]. - Net profit attributable to shareholders increased by 8.19% primarily due to a decrease in domestic fuel costs[13]. - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 9.61% due to lower domestic fuel costs[13]. - Basic earnings per share remained at 8.00, attributed to a decrease in domestic fuel costs[13]. - Diluted earnings per share also remained at 8.00, due to the same reason as above[13]. - The company reported a total comprehensive income of CNY 6.96 billion for Q1 2025, compared to CNY 6.14 billion in Q1 2024[39]. - Earnings attributable to shareholders of the parent company in Q1 2025 were CNY 4.97 billion, an increase of 8.2% from CNY 4.60 billion in Q1 2024[38]. Cash Flow and Liquidity - Net cash flow from operating activities reached CNY 17,395,885,484, reflecting a significant increase of 43.26%[7]. - Cash flow from operating activities for Q1 2025 was CNY 17.40 billion, significantly higher than CNY 12.14 billion in Q1 2024, representing a 43.3% increase[42]. - Cash inflow from financing activities increased significantly to 49,211,319,443 in Q1 2025, up from 36,963,718,131 in Q1 2024, representing an increase of 33.5%[44]. - Cash outflow for debt repayment was 47,102,956,322 in Q1 2025, compared to 31,838,222,006 in Q1 2024, reflecting a 47.9% increase[44]. - The net increase in cash and cash equivalents for Q1 2025 was 3,954,444,187, compared to 4,324,088,804 in Q1 2024, showing a decline of 8.5%[44]. - The ending balance of cash and cash equivalents reached 22,555,550,463 in Q1 2025, up from 20,474,723,636 in Q1 2024, marking an increase of 10.2%[44]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 588,492,644,964, representing a slight increase of 0.28% from the end of the previous year[8]. - Total liabilities decreased to RMB 378.58 billion from RMB 383.79 billion, indicating a reduction of approximately 1.3%[32]. - Current assets totaled RMB 96.80 billion, compared to RMB 96.30 billion in the previous period, reflecting a growth of approximately 0.52%[29]. - The company's total non-current assets reached RMB 491.69 billion, slightly up from RMB 490.54 billion, indicating a growth of about 0.23%[30]. - The company's total liabilities and equity amounted to CNY 588.49 billion, slightly up from CNY 586.84 billion in the previous period[36]. Shareholder Information - Shareholders' equity attributable to the parent company increased to CNY 141,852,976,940, a rise of 3.23%[8]. - The company reported a total of 5,066,662,118 shares held by Huaneng International Power Development Company, making it the largest shareholder[25]. - The total equity of the company remains stable, with no significant changes reported in the ownership structure among the top shareholders[25]. Operational Efficiency - The company reported a decrease in operating costs to CNY 48.84 billion in Q1 2025 from CNY 54.86 billion in Q1 2024, improving operational efficiency[38]. - Cash flow from operating activities increased by 43.26% due to a decrease in fuel procurement expenses[20]. - Total profit from the coal-fired power segment increased by 40.96% compared to the same period last year[22]. Investment and R&D - Research and development expenses for Q1 2025 were CNY 234.95 million, up from CNY 205.86 million in Q1 2024, indicating a focus on innovation[38]. - Investment income rose by 37.63% mainly due to increased profits from joint ventures[20]. - The company received cash from investment income amounting to 935,752 in Q1 2025, a significant increase from 9,581,747 in Q1 2024, indicating a growth of 9.8%[43].
华能国际电力股份(00902) - 2025 Q1 - 季度业绩