Financial Performance - Operating revenue for the first quarter reached RMB 65.27 billion, a slight increase of 0.03% year-on-year[3] - Net profit attributable to shareholders was RMB 2.25 billion, representing a significant increase of 335.30% compared to the same period last year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2.01 billion, up 241.95% year-on-year[3] - Basic and diluted earnings per share were both RMB 0.10, reflecting an increase of 211.11% year-on-year[3] - Net profit for Q1 2023 reached RMB 2.46 billion, a significant recovery from a net loss of RMB 1.11 billion in Q1 2022[17] - Total comprehensive income for Q1 2023 was RMB 1.82 billion, a recovery from a loss of RMB 823.10 million in Q1 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were RMB 508.00 billion, a 1.07% increase from the end of the previous year[3] - Total current assets as of March 31, 2023, amounted to CNY 90,017,140,836, an increase from CNY 86,721,861,527 as of December 31, 2022, reflecting a growth of approximately 2.97%[13] - Total non-current assets reached CNY 417,980,075,961 as of March 31, 2023, compared to CNY 415,884,115,961 at the end of 2022, indicating a slight increase of about 0.50%[14] - Total assets as of March 31, 2023, were CNY 507,997,216,797, up from CNY 502,605,977,488 at the end of 2022, representing a growth of approximately 1.78%[15] - Total liabilities decreased to CNY 362,178,767,968 as of March 31, 2023, from CNY 376,061,926,739 at the end of 2022, showing a reduction of about 3.70%[15] Shareholder Information - Shareholders' equity attributable to the parent company increased by 17.55% to RMB 127.58 billion[3] - Shareholders' equity increased to CNY 145,818,448,829 as of March 31, 2023, compared to CNY 126,544,050,749 at the end of 2022, reflecting a significant growth of approximately 15.23%[16] - The top shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, representing 32.28% of total shares[11] - The second-largest shareholder, Hong Kong Central Clearing Limited, owns 4,184,280,180 shares, accounting for 26.65%[11] - The company reported a total of 74,510 common shareholders at the end of the reporting period[10] Cash Flow and Financing - Net cash flow from operating activities decreased by 26.96% to RMB 6.14 billion, primarily due to lower receipts from electricity and higher fuel procurement payments[9] - The net financing amount in the financing activities increased by 190.98% to RMB 4.80 billion, indicating improved financing conditions[9] - Cash flow from operating activities for Q1 2023 was RMB 6.14 billion, compared to RMB 8.40 billion in Q1 2022, showing a decrease of 26.9%[19] - Cash flow from financing activities in Q1 2023 was RMB 4.80 billion, down from RMB 1.65 billion in Q1 2022, indicating a decrease of 189.7%[20] Research and Development - Research and development expenses rose by 154.16% to RMB 195.40 million, indicating increased investment in core business[9] - Research and development expenses increased to RMB 195.40 million in Q1 2023, up from RMB 76.88 million in Q1 2022, reflecting a growth of 154.5%[17] - The company plans to continue focusing on R&D and market expansion strategies to enhance future growth prospects[21] Retained Earnings and Borrowings - The company’s retained earnings increased to CNY 8,287,945,689 as of March 31, 2023, compared to CNY 6,703,035,601 at the end of 2022, marking an increase of about 23.66%[16] - The company has a significant amount of short-term borrowings totaling CNY 65,933,246,505 as of March 31, 2023, down from CNY 83,573,496,799 at the end of 2022, indicating a decrease of approximately 21.16%[15]
华能国际电力股份(00902) - 2023 Q1 - 季度业绩