Huaneng Hydropower(SH:600025)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders was ¥804.44 million, representing a significant increase of 137.34% year-on-year[5]. - Operating revenue for the period was ¥4.44 billion, up 49.65% from the same period last year[5]. - Basic earnings per share rose to ¥0.04, a 100% increase compared to ¥0.02 in the same period last year[5]. - Diluted earnings per share increased to ¥0.05, reflecting a 150% growth from the previous year[5]. - Operating profit for Q1 2019 was ¥1,135,743,558.25, compared to ¥532,693,780.14 in Q1 2018, reflecting a significant increase[27]. - Net profit for Q1 2019 totaled ¥1,009,417,099.00, up from ¥481,673,711.16 in Q1 2018[27]. - The company's operating revenue for Q1 2019 was CNY 3,880,631,759.20, a 60.5% increase from CNY 2,418,479,782.44 in Q1 2018[29]. - Net profit for Q1 2019 reached CNY 808,289,834.07, compared to CNY 167,934,369.48 in Q1 2018, representing a significant increase of 382.5%[30]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥169.76 billion, an increase of 0.83% compared to the end of the previous year[5]. - Total current assets amounted to CNY 9,893,032,209.79, an increase from CNY 8,525,446,370.22 as of December 31, 2018, representing a growth of approximately 16%[20]. - Total non-current assets stood at CNY 159,868,619,615.19, slightly up from CNY 159,840,000,034.12, showing a marginal increase[22]. - Current liabilities totaled CNY 44,932,250,689.91, an increase from CNY 43,259,141,900.95, representing a growth of approximately 3.9%[22]. - The company's total liabilities amounted to CNY 123,163,095,151.49, up from CNY 122,584,933,488.50, reflecting an increase of approximately 0.47%[23]. - Total liabilities for Q1 2019 were ¥107,807,475,459.92, compared to ¥106,907,090,396.71 in Q1 2018[26]. - Long-term borrowings decreased to CNY 76,698,853,612.00 from CNY 77,611,975,612.00, indicating a reduction of about 1.2%[23]. Cash Flow - Net cash flow from operating activities was ¥2.96 billion, an increase of 22.63% compared to the previous year[5]. - Cash inflow from operating activities in Q1 2019 was CNY 4,095,098,014.71, compared to CNY 3,639,262,564.52 in Q1 2018, marking an increase of 12.5%[31]. - The net cash flow from operating activities was CNY 2,703,780,901.35, an increase from CNY 2,060,918,333.21 in the same quarter of the previous year, representing a growth of approximately 31.2%[34]. - Cash inflow from financing activities amounted to CNY 14,905,866,571.18, significantly higher than CNY 8,235,004,919.04 in Q1 2018, reflecting an increase of around 81.5%[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 213,105[9]. - The largest shareholder, China Huaneng Group, holds 50.40% of the shares, totaling 9.07 billion shares[9]. - The equity attributable to shareholders reached CNY 45,041,606,763.68, compared to CNY 44,256,523,692.38, indicating a growth of about 1.77%[23]. Government Support and Investments - The company received government subsidies amounting to ¥465,040.77 related to research funding for efficient water utilization and dam safety technology[7]. - The company plans to invest CNY 5 billion annually from 2016 to 2019, totaling CNY 20 billion, in poverty alleviation efforts in Yunnan Province[16]. Other Financial Metrics - The company reported a significant increase in tax liabilities, with a rise of CNY 261.26 million, or 73.66%, due to increased corporate income tax[13]. - Other income decreased by CNY 189.28 million, or 99.78%, due to the termination of VAT refund policies[14]. - The company reported a research and development expense of ¥1,881,760.20 in Q1 2019, down from ¥3,223,224.76 in Q1 2018[27].