2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 65.25 billion, representing a 30.54% increase compared to CNY 49.91 billion in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 956.34 million, a decrease of 129.96% from a profit of CNY 3.13 billion in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 1.41 billion, down 148.30% from CNY 2.86 billion in the same period last year[4]. - The basic and diluted earnings per share were both -CNY 0.09, a decline of 152.94% from CNY 0.17 in the same period last year[5]. - Net profit for Q1 2022 was a loss of RMB 1.11 billion, compared to a profit of RMB 4.10 billion in Q1 2021, indicating a significant decline[19]. Cash Flow - The net cash flow from operating activities decreased by 26.19% to CNY 8.40 billion from CNY 11.33 billion in the previous year[5]. - Cash flow from operating activities was RMB 72.71 billion in Q1 2022, compared to RMB 53.48 billion in Q1 2021, reflecting a 36.0% increase[21]. - The net cash flow from operating activities was 8,403,935,233 RMB, a decrease of 26.3% compared to 11,385,310,326 RMB in the previous period[23]. - Cash inflow from financing activities increased significantly to 77,999,925,032 RMB, compared to 55,833,310,697 RMB, representing an increase of 39.5%[23]. - The net cash flow from financing activities was 1,649,249,836 RMB, a turnaround from a negative cash flow of -1,931,994,554 RMB in the previous period[23]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 488.81 billion, a decrease of 0.31% from CNY 490.07 billion at the end of the previous year[5]. - The total assets amounted to 490,068,485,832 RMB, slightly down from 490,352,918,655 RMB, reflecting a decrease of 0.06%[25]. - The total liabilities decreased slightly to RMB 365.44 billion in Q1 2022 from RMB 366.18 billion in Q1 2021[19]. - The total liabilities were reported at 366,176,481,079 RMB, unchanged from the previous period[26]. - The company's total equity decreased to RMB 123.37 billion in Q1 2022 from RMB 124.18 billion in Q1 2021[19]. Research and Development - The company reported a significant increase in research and development expenses by 109.59% due to enhanced investment in core business[9]. - Research and development expenses rose to RMB 76.88 million in Q1 2022 from RMB 36.68 million in Q1 2021, an increase of 109.0%[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 125,055[10]. - The largest shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, accounting for 32.28% of total shares[10]. - The company has a total of 1,555,124,549 shares held by China Huaneng Group, representing 9.91% of total shares[10]. Operational Challenges - The company faced challenges in profitability due to rising coal prices impacting domestic power business operations[8]. - The operating costs increased by 51.07% primarily due to a substantial rise in coal procurement prices compared to the same quarter last year[9]. Accounting Standards - The company has implemented new accounting standards starting from 2022, which may affect the financial reporting and performance metrics going forward[24].