浙能电力(600023) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥1.07 billion, representing an 86.21% increase year-on-year[4] - Operating revenue for the period was ¥13.19 billion, up 2.16% from the same period last year[4] - Basic earnings per share increased to ¥0.08, doubling from ¥0.04 in the same period last year[4] - Operating profit rose by 83.90% to ¥1,384,118,182.20, attributed to a decrease in operating costs from falling coal prices[6] - The company reported a significant increase in total revenue, with a notable rise in profit before tax compared to the previous year[6] - Total profit for Q1 2019 reached approximately ¥737.20 million, an increase of 13.4% from ¥649.85 million in Q1 2018[19] - Net profit for Q1 2019 was approximately ¥706.34 million, an increase of 12.1% compared to ¥630.14 million in Q1 2018[19] Assets and Liabilities - Total assets at the end of the reporting period reached ¥111.54 billion, an increase of 1.68% compared to the end of the previous year[4] - Total assets increased to ¥111,542,513,521.64, up from ¥109,696,343,858.16, indicating growth in both current and non-current assets[9] - Current liabilities decreased to ¥14,947,303,287.25 from ¥16,417,203,604.92, showing a reduction in short-term obligations[9] - Long-term borrowings rose to ¥22,733,774,058.41 from ¥22,127,999,522.31, indicating increased leverage[9] - Non-current liabilities totaled ¥25,197,052,626.75, up from ¥24,126,574,182.38, indicating an increase of about 4.46% year-over-year[10] - The total liabilities decreased slightly to ¥40,144,355,914.00 from ¥40,543,777,787.30, a decline of approximately 0.99%[10] Cash Flow - The net cash flow from operating activities was ¥1.51 billion, a decrease of 8.88% compared to the previous year[4] - The net cash flow from operating activities for Q1 2019 was CNY 1,510,294,753.95, down from CNY 1,657,445,114.47 in the same period last year, representing a decline of 8.87%[21] - The cash inflow from investment activities in Q1 2019 was CNY 148,824,643.58, an increase from CNY 117,130,032.46 in Q1 2018[21] - The net cash flow from investment activities was -CNY 488,144,168.65 in Q1 2019, an improvement from -CNY 1,712,978,922.98 in Q1 2018[21] - The cash inflow from financing activities totaled CNY 1,336,330,000.00 in Q1 2019, compared to CNY 809,564,500.00 in Q1 2018, reflecting a growth of 65.0%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 182,842, with Zhejiang Energy Group holding 69.94% of shares[5] - The company's equity attributable to shareholders increased to ¥63,316,444,640.71 from ¥61,195,455,409.35, marking a rise of about 3.47%[10] Other Financial Metrics - The weighted average return on equity rose to 1.71%, an increase of 0.77 percentage points year-on-year[4] - The company reported non-operating income of ¥92.23 million from various sources, including government subsidies and asset disposals[4] - Other comprehensive income increased by 82.88% to ¥2,327,929,227.90, mainly due to the rise in fair value of other equity investments[6] - Research and development expenses increased significantly to ¥28.27 million from ¥4.04 million, indicating a focus on innovation[16] - The company’s financial expenses decreased to approximately ¥305.64 million from ¥324.88 million, a reduction of 5.5%[16] Inventory and Receivables - Accounts receivable stood at ¥338,991,027.65, down from ¥394,513,020.58, representing a decrease of about 14.09%[11] - Inventory increased to ¥71,351,528.53 from ¥56,743,563.11, showing a growth of approximately 25.77%[13]