SEP(SH:600021)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders was ¥141.29 million, a decrease of 48.45% year-on-year[4]. - Operating revenue for the period was ¥5.57 billion, down 5.29% from the same period last year[4]. - Basic earnings per share decreased by 60.36% to ¥0.0415[5]. - The weighted average return on net assets fell to 0.6846, a decrease of 1.01 percentage points[4]. - The company reported a significant increase in net profit excluding non-recurring items, which rose by 96.15% to ¥121.44 million[4]. - The company's net profit excluding non-recurring gains and losses increased by 96.15% year-on-year, driven by growth in the installed capacity of new energy and an increase in power generation from the new energy sector[11]. - The company reported a decrease in sales costs to ¥884.54 million in Q1 2020 from ¥1,058.37 million in Q1 2019, a reduction of 16.4%[21]. - The company reported a total comprehensive income of ¥382.96 million for Q1 2020, compared to ¥425.11 million in Q1 2019, a decline of 9.9%[20]. Cash Flow - Net cash flow from operating activities surged to ¥670.37 million, a significant increase of 997.02% compared to the previous year[4]. - The company reported a significant increase in cash inflows from operating activities due to improved operational efficiency and reduced costs[11]. - Cash inflow from operating activities was ¥5.55 billion in Q1 2020, slightly up from ¥5.51 billion in Q1 2019[23]. - The net cash flow from operating activities for Q1 2020 was 670,368,818.49 RMB, a significant increase from 61,108,278.21 RMB in Q1 2019[24]. - Total cash inflow from operating activities was 925,537,361.66 RMB, down 20.2% from 1,159,705,809.80 RMB in the same period last year[27]. - The company experienced a cash outflow of 14,255,641,861.68 RMB for debt repayment, which was significantly higher than 6,585,703,690.98 RMB in Q1 2019, indicating a 116.5% increase[24]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥111.39 billion, an increase of 0.33% compared to the end of the previous year[4]. - Current assets decreased to ¥16.92 billion from ¥18.02 billion year-over-year, primarily due to a reduction in cash and cash equivalents[14]. - Non-current assets totaled ¥94.47 billion, compared to ¥93.00 billion at the end of 2019, reflecting a growth of 1.58%[15]. - Total liabilities increased to ¥81.00 billion from ¥80.95 billion, showing a marginal rise[16]. - Short-term borrowings increased to ¥16.92 billion from ¥16.13 billion, representing a growth of 4.9%[15]. - Long-term borrowings rose to ¥25.44 billion, up from ¥24.51 billion, indicating a 3.8% increase[16]. - The company's equity attributable to shareholders reached ¥19.18 billion, compared to ¥19.06 billion, marking a 0.6% increase[16]. Shareholder Information - The total number of shareholders at the end of the reporting period was 101,178[8]. - The largest shareholder, State Power Investment Corporation, held 44.37% of the shares[8]. - The top ten shareholders include State Power Investment Corporation with 891,327,936 shares, accounting for a significant portion of the total shares[10]. Investment and Acquisitions - The company plans to acquire a 66.40% stake in KE Company from KES Energy in Pakistan for a cash consideration of $1.77 billion, with potential additional rewards of up to $27 million based on the company's performance[12]. - The company is actively working to fulfill all conditions for the acquisition agreement, pending the satisfaction of all prerequisites[12]. Operational Efficiency - The company continues to focus on expanding its new energy capacity and improving operational efficiencies to enhance profitability[11]. - The new energy sector's power generation volume has shown a year-on-year increase, contributing positively to the company's financial performance[11].