华能水电(600025) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 3.10 billion, down 30.08% year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 53.74 million, a decline of 106.68% compared to the previous year[4] - The company's operating revenue for Q1 2020 was ¥3,102.68 million, a decrease of 30.08% year-on-year, attributed to a significant reduction in hydropower generation and overall demand due to the pandemic.[12] - The net profit for Q1 2020 was ¥12.58 million, representing a dramatic decrease of 98.53% year-on-year, largely due to reduced hydropower generation and lower electricity demand.[13] - Total operating revenue for Q1 2020 was approximately ¥3.10 billion, a decrease of 30.1% compared to ¥4.44 billion in Q1 2019[23] - Net profit for Q1 2020 was approximately ¥12.58 million, a significant decline from ¥858.30 million in Q1 2019[24] - The company reported a total comprehensive income of approximately ¥49.83 million for Q1 2020, compared to ¥818.04 million in Q1 2019[24] - The total comprehensive income for Q1 2020 was a loss of approximately ¥86.61 million, compared to a comprehensive income of ¥808.29 million in Q1 2019[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 165.41 billion, a decrease of 1.22% compared to the end of the previous year[4] - Total assets decreased from ¥167,459,513,343.54 to ¥165,413,116,879.06, a decline of approximately 1.23%[18] - Current liabilities increased slightly from ¥27,663,992,492.67 to ¥27,944,344,172.67, an increase of about 1.01%[18] - Total liabilities decreased from ¥110,706,888,472.56 to ¥108,697,767,710.90, a decline of approximately 1.8%[18] - The company's equity attributable to shareholders decreased from ¥55,002,686,592.05 to ¥54,879,915,395.51, a decline of approximately 0.22%[18] - The company reported a total liability of approximately ¥94.13 billion, a decrease of 2.2% from ¥96.25 billion in the previous year[22] - Total equity amounted to approximately ¥54.40 billion, down from ¥54.58 billion year-over-year[22] Cash Flow - The net cash flow from operating activities was CNY 2.95 billion, a slight decrease of 0.06% year-on-year[4] - Cash flow from operating activities for Q1 2020 was approximately ¥2.95 billion, slightly down from ¥2.96 billion in Q1 2019[29] - The net cash flow from financing activities in Q1 2020 was a negative ¥2.52 billion, compared to a negative ¥1.75 billion in Q1 2019[30] - The total cash inflow from investing activities was CNY 11,163,616.39, significantly down from CNY 286,143,181.78 in the previous year, indicating a decline of about 96.1%[31] - The cash outflow for financing activities was CNY 11,597,672,099.45, down from CNY 16,338,352,096.91 in the previous year, representing a decrease of about 29%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 142,070[7] - The largest shareholder, China Huaneng Group, held 9.07 billion shares, representing 50.40% of the total shares[7] Expenses and Costs - The total cost of operations decreased by 11.27% year-on-year to ¥2,942.56 million, mainly due to lower production costs and financial expenses resulting from a reduction in debt scale.[12] - Research and development expenses for Q1 2020 were approximately ¥648.52 million, a decrease of 65.5% from ¥1.88 billion in Q1 2019[23] - The company incurred financial expenses of approximately ¥1.03 billion in Q1 2020, down from ¥1.17 billion in Q1 2019[23] - The interest expenses for Q1 2020 were approximately ¥908.43 million, down from ¥1 billion in Q1 2019[26] Legal Matters - The company is currently involved in a legal dispute regarding compensation claims amounting to ¥136 million, which is still pending appeal.[14] Other Financial Metrics - Basic earnings per share were CNY 0.00, a decrease of 100% compared to CNY 0.04 in the previous year[4] - The company's prepayments increased by 192.01% year-on-year to ¥45.38 million, primarily for overseas investment insurance and property insurance for the Cambodia project.[11] - Other current liabilities increased by 25.00% year-on-year to ¥7.5 billion, mainly due to the issuance of short-term financing bonds.[11] - The company's long-term receivables decreased by 100% to ¥0, as they were reclassified to current assets due to their maturity within one year.[11] - Investment income for Q1 2020 was a loss of ¥157.35 million, a decrease of 106.70% year-on-year, due to losses from equity investments.[12] - The company's income tax expense decreased by 84.01% year-on-year to ¥24.17 million, reflecting a reduction in profit due to lower electricity generation.[12]