2019-04-25 16:00Financial Performance - Operating revenue for the period was CNY 45.65 billion, representing a year-on-year increase of 5.15%[5] - Net profit attributable to shareholders of the listed company surged by 114.27% to CNY 2.66 billion[5] - Basic earnings per share doubled to CNY 0.16, reflecting a 100% increase[6] - The total profit for Q1 2019 reached CNY 4,647,433,754, an increase of 96.00% compared to CNY 2,374,092,612 in Q1 2018[24] - The net profit attributable to shareholders of the parent company was CNY 2,655,793,776, up 114.00% from CNY 1,239,466,011 in the same period last year[24] - Investment income for the quarter was CNY 694,194,948, significantly higher than CNY 337,804,948 in Q1 2018, reflecting a growth of 105.00%[26] - The operating profit for Q1 2019 was CNY 1,507,217,168, up from CNY 453,519,571 in Q1 2018, indicating a growth of 231.00%[26] - The company reported a comprehensive income total of CNY 3,814,485,447, compared to CNY 1,377,217,805 in Q1 2018, marking an increase of 177.00%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 400 billion, a decrease of 0.85% compared to the end of the previous year[5] - The total liabilities decreased to CNY 294,508,067,782 from CNY 301,655,257,584, showing a decline of about 2.4%[19] - Long-term payables increased by 38.93% compared to the end of the previous year, mainly due to the recognition of lease liabilities under the new leasing standards[11] - The total current liabilities increased to CNY 140,647,478,888 from CNY 138,206,215,991, reflecting a rise of about 1.8%[19] - Long-term borrowings decreased to CNY 119,324,092,005 from CNY 129,548,160,984, a reduction of approximately 7.5%[19] - The company's cash and cash equivalents decreased from RMB 15.83 billion at the end of 2018 to RMB 15.08 billion as of March 31, 2019[17] - The company's inventory increased to CNY 2,766,134,832 from CNY 2,546,965,245, reflecting an increase of about 8.6%[21] Cash Flow - Net cash flow from operating activities increased by 12.88% to CNY 10.77 billion[5] - Cash flow from financing activities turned from net inflow to net outflow, mainly due to a significant decrease in newly issued short-term financing bonds compared to the same period last year[13] - The net cash flow from operating activities for Q1 2019 was CNY 10,774,920,831, compared to CNY 9,545,600,111 in Q1 2018, representing an increase of approximately 12.9%[28] - The company reported a net cash outflow from investing activities of CNY 4,056,613,444 in Q1 2019, compared to a net outflow of CNY 3,959,877,931 in Q1 2018[28] - The company’s cash flow from financing activities showed a net outflow of CNY 7,309,247,323 in Q1 2019, contrasting with a net inflow of CNY 1,116,218,679 in Q1 2018[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 88,470[9] - The largest shareholder, Huaneng International Power Development Company, held 32.28% of the shares[9] Other Income and Expenses - The company reported government subsidies of CNY 118.99 million, up from CNY 92.16 million in the previous period[7] - Other income increased by 27.11% compared to the same period last year, mainly due to an increase in heating subsidies received from local governments[12] - The company experienced a decrease in sales expenses, which were CNY 5,377,656 compared to CNY 5,085,346 in Q1 2018[26]