龙源电力(00916) - 2022 Q1 - 季度财报

Revenue and Profit - The group's revenue for the three months ended March 31, 2022, was RMB 10.422 billion, an increase of 4.76% compared to the same period last year[2]. - Net profit attributable to equity holders of the company was RMB 2.258 billion, a decrease of 22.88% compared to the same period last year[2]. - The group reported a total operating profit of RMB 4.368 billion, down from RMB 5.057 billion in the same period last year[2]. - Financial expenses decreased to RMB 954.183 million from RMB 1.078 billion year-on-year[2]. - The other revenue increased to RMB 179.747 million, up 42.86% year-on-year[5]. Power Generation - The total power generation for the group was 18,216,668 MWh, an increase of 4.83% year-on-year, with wind power generation increasing by 5.13% to 15,142,123 MWh[1]. - Wind power generation for the three months ended March 31, 2022, was 15,142,123 MWh, up 5.13% from 14,403,790 MWh in the same period last year[8]. - The renewable energy segment saw a significant increase in generation, with a 93.04% rise to 1,163.64 MWh compared to 602.80 MWh previously[7]. - The hydropower generation in Henan increased by 121.53% to 110,708 MWh from 49,974 MWh in the previous year[9]. - The company experienced a 58.97% increase in other renewable energy generation, reaching 319,829 MWh compared to 201,192 MWh last year[9]. - The coal-fired power generation remained stable at 2,754,717 MWh, showing a slight decrease of 0.64% from 2,772,571 MWh[9]. - The company reported a 54.82% increase in power generation in Tianjin, reaching 254,410 MWh compared to 169,179 MWh last year[8]. - The company reported a total generation of 18,216,668 MWh for the three months ended March 31, 2022, which is a 4.83% increase from 17,377,553 MWh year-over-year[9]. Installed Capacity - The installed capacity for wind power as of March 31, 2022, was 25,661.44 MW, representing a growth of 14.80% from the previous year[6]. - The total installed capacity as of March 31, 2022, was 28,700.08 MW, representing a 15.58% increase from 24,830.44 MW in the previous year[7]. Strategic Initiatives - The group completed the acquisition of assets from subsidiaries of the State Energy Investment Group, with the final registration completed between January 4 and January 6, 2022[3]. - The company plans to continue expanding its renewable energy capacity and improve operational efficiency in the coming quarters[10]. - The company is focusing on strategic acquisitions to enhance its market position and diversify its energy portfolio[10]. Accounting Policies - The group plans to implement new accounting policies effective from January 1, 2022, in accordance with the revised International Accounting Standard 16[4].