2020-04-21 16:00Financial Performance - Net profit attributable to shareholders was CNY 2.06 billion, a decrease of 22.42% year-on-year[4]. - Operating revenue for the period was CNY 40.35 billion, down 11.61% compared to the same period last year[4]. - Net cash flow from operating activities was CNY 8.13 billion, a decline of 24.55% year-on-year[4]. - The weighted average return on net assets decreased to 2.37%, down 0.77 percentage points from the previous year[4]. - Operating revenue decreased by 12% compared to the same period last year, primarily due to reduced electricity sales affected by the pandemic[10]. - Fair value change income decreased by 0.80 billion yuan compared to the same period last year, mainly due to the decline in fair value of fuel swaps held by the subsidiary China New Power[10]. - The company's net profit for the first quarter of 2020 was CNY 761,765,771, a decrease of 37.0% compared to CNY 1,207,969,188 in the same period of 2019[30]. - Total operating revenue for the first quarter of 2020 was CNY 9,816,384,694, down 17.6% from CNY 11,916,561,441 in the first quarter of 2019[29]. - Operating profit for the first quarter of 2020 was CNY 968,436,380, a decline of 35.7% from CNY 1,507,217,168 in the first quarter of 2019[29]. - The company's total comprehensive income for the first quarter of 2020 was CNY 752,350,462, compared to CNY 1,198,083,299 in the first quarter of 2019, reflecting a decrease of 37.3%[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 414.57 billion, an increase of 0.24% compared to the end of the previous year[4]. - Total liabilities decreased to CNY 292,601,480,453 as of March 31, 2020, from CNY 296,307,700,607 at the end of 2019, a reduction of 1.9%[17]. - The company's total equity increased to CNY 121,972,810,508 as of March 31, 2020, compared to CNY 117,288,844,087 at the end of 2019, an increase of 4.0%[17]. - The total non-current liabilities amounted to CNY 156,705,223,552 as of March 31, 2020, an increase from CNY 154,687,290,830 at the end of 2019, reflecting a growth of 1.3%[17]. - Current assets totaled 61.99 billion yuan as of March 31, 2020, compared to 60.78 billion yuan as of December 31, 2019[14]. - Long-term equity investments increased to 20.86 billion yuan as of March 31, 2020, from 20.62 billion yuan as of December 31, 2019[14]. - Short-term borrowings decreased to 64.31 billion yuan as of March 31, 2020, from 67.12 billion yuan as of December 31, 2019[14]. Cash Flow - Cash and cash equivalents rose to CNY 2,037,255,083 as of March 31, 2020, compared to CNY 1,248,842,161 at the end of 2019, an increase of 63.1%[16]. - The cash flow from operating activities for the first quarter of 2020 was CNY 8,129,437,333, down from CNY 10,774,920,831 in the first quarter of 2019, representing a decline of 24.6%[31]. - The company's financial expenses for the first quarter of 2020 were CNY 806,897,248, a decrease from CNY 924,322,323 in the first quarter of 2019[29]. - The total cash inflow from investment activities was 3,480,055,660 RMB, an increase from 2,857,665,742 RMB in the same period last year[34]. - The cash outflow for financing activities totaled 23,899,839,472 RMB, compared to 15,865,639,280 RMB in Q1 2019, indicating a significant increase in financing activities[34]. - The net cash flow from financing activities was -741,133,422 RMB, an improvement from -3,793,770,704 RMB in Q1 2019[34]. - The company received cash from investment activities amounting to 1,812,657,000 RMB, which was not reported in the previous year[34]. - The cash received from borrowings was 16,172,123,220 RMB, significantly higher than 9,980,000,000 RMB in Q1 2019[34]. - The cash inflow from issuing bonds was 4,000,000,000 RMB, which was not reported in the previous year[34]. - The cash outflow for paying debts was 23,386,606,656 RMB, an increase from 15,231,327,850 RMB in Q1 2019[34]. Shareholder Information - The number of shareholders at the end of the reporting period was 89,139[6]. Other Financial Metrics - Research and development expenses increased to CNY 2,576,647 in Q1 2020 from CNY 1,550,263 in Q1 2019, representing a growth of 66.1%[18]. - The company's investment income was CNY 118,058,227 in Q1 2020, compared to CNY 157,237,534 in Q1 2019, a decrease of 25.0%[20]. - The company's income tax expense for the first quarter of 2020 was CNY 255,231,446, compared to CNY 302,007,186 in the first quarter of 2019[30]. - The company's earnings per share for the first quarter of 2020 were CNY 0.11, down from CNY 0.16 in the first quarter of 2019[28].