Financial Performance - Operating revenue for the reporting period reached CNY 65,250,379,565, representing a year-on-year increase of 30.54%[5] - Net profit attributable to shareholders was a loss of CNY 956,338,198, a decrease of 129.96% compared to the previous year[5] - Basic and diluted earnings per share were both CNY (0.09), a decline of 152.94% year-on-year[5] - The significant decline in net profit was primarily due to rising coal prices impacting domestic electricity operations[9] - Operating loss for Q1 2022 was RMB 968.24 million, compared to an operating profit of RMB 4.97 billion in Q1 2021[20] - Net loss attributable to shareholders for Q1 2022 was RMB 956.34 million, a significant decrease from a profit of RMB 3.19 billion in Q1 2021[20] Cash Flow and Liquidity - Net cash flow from operating activities was CNY 8,403,935,233, down 26.19% from the previous year[5] - Operating cash flow decreased by 26.19% primarily due to increased fuel procurement expenditures[10] - In Q1 2022, the net cash flow from operating activities was RMB 8.40 billion, a decrease of 26.0% compared to RMB 11.39 billion in Q1 2021[22] - The company reported a significant increase in financing cash flow by 185.37% due to net financing amounts in the first quarter[10] - Total cash inflow from financing activities in Q1 2022 was RMB 77.99 billion, an increase of 39.6% from RMB 55.83 billion in Q1 2021[23] - The net increase in cash and cash equivalents at the end of Q1 2022 was RMB 16.33 billion, compared to RMB 13.60 billion at the end of Q1 2021, reflecting a growth of 20.1%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 488,810,999,006, a decrease of 0.31% compared to the end of the previous year[5] - Total liabilities decreased slightly to RMB 365.44 billion as of March 31, 2022, from RMB 366.18 billion as of December 31, 2021[19] - Current liabilities decreased to RMB 170.75 billion, down from RMB 186.40 billion at the end of 2021, reflecting a reduction of 8.4%[19] - Non-current liabilities increased to RMB 194.69 billion, up from RMB 179.78 billion, marking an increase of 8.3%[19] - Total equity decreased to RMB 123.37 billion from RMB 124.18 billion, a decline of 0.7%[19] Investments and Expenses - Long-term equity investments increased by 1.72% due to the recognition of equity investment income of 378 million yuan and other equity changes[10] - Research and development expenses surged by 109.59%, reflecting the company's increased investment in core business R&D[10] - The company reported a significant increase in research and development expenses to RMB 76.88 million, compared to RMB 36.68 million in the previous year, reflecting a 109.8% increase[20] Inventory and Other Financial Metrics - The company's inventory decreased significantly to 8.68 billion yuan from 16.82 billion yuan year-over-year[16] - Contract liabilities decreased by 79.99% as pre-collected heating fees reduced with the end of the heating season[10] - Fixed assets increased by 1.21% due to the transfer of construction and technical renovation projects to fixed assets[10] - Other comprehensive income after tax for Q1 2022 was RMB 288.83 million, down from RMB 372.92 million in Q1 2021[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 125,055, with the largest shareholder holding 32.28%[11]
华能国际电力股份(00902) - 2022 Q1 - 季度财报