Huaneng Hydropower(SH:600025)2021-04-22 16:00Financial Performance - Operating revenue for the period reached approximately ¥3.84 billion, representing an increase of 23.65% year-on-year[4]. - Net profit attributable to shareholders was approximately ¥601.30 million, a significant increase of 1,218.81% compared to a loss of ¥53.74 million in the same period last year[4]. - Basic earnings per share were ¥0.0334, compared to a loss of ¥0.003 per share in the previous year, marking a 1,213.33% increase[4]. - Net profit for the first quarter was CNY 67,354,200.00, an increase of CNY 66,096,230.00 or 5,254.23% year-on-year, attributed to increased hydropower generation and electricity consumption[11]. - The profit margin for Q1 2021 was approximately 17.5%, compared to 0.4% in Q1 2020[21]. - The company reported a net profit increase, with undistributed profits rising to ¥10,172,147,667.48 from ¥9,707,255,793.32, an increase of 4.8%[16]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥163.37 billion, a decrease of 0.77% compared to the end of the previous year[4]. - Total liabilities amounted to ¥99,332,103,868.94, a decrease of 1.8% from ¥101,120,073,338.73 in the previous period[16]. - Total current assets decreased to ¥4,832,554,429.51 from ¥5,190,828,977.00, representing a decline of 6.9%[18]. - Total non-current assets decreased slightly to ¥143,332,407,323.75 from ¥144,337,090,517.22, a reduction of 0.7%[18]. - Total liabilities reached 101,120,073,338.73 CNY, with current liabilities accounting for 22,615,953,597.61 CNY[32]. - The company's equity attributable to shareholders was 61,615,003,921.83 CNY, with total equity at 63,512,028,694.00 CNY[32]. Cash Flow - Net cash flow from operating activities was approximately ¥2.99 billion, an increase of 1.08% year-on-year[4]. - Cash inflow from operating activities for Q1 2021 was approximately ¥4.04 billion, slightly up from ¥4.03 billion in Q1 2020[25]. - Cash outflow from investing activities in Q1 2021 was approximately ¥676.52 million, down from ¥878.71 million in Q1 2020, indicating a reduction of 23%[26]. - The net cash flow from financing activities was -2,511,342,056.25 CNY, compared to -2,458,518,858.73 CNY in the previous period[29]. Shareholder Information - The total number of shareholders at the end of the reporting period was 107,806[7]. - The top three shareholders held a combined 90.1% of the shares, with China Huaneng Group Co., Ltd. holding 50.4%[7]. - Total equity increased to ¥64,039,488,987.78, up from ¥63,512,028,694.00, reflecting a growth of 0.8%[16]. Operational Insights - The company has ongoing litigation related to compensation claims amounting to CNY 13,600,000.00, which has been dismissed by the lower court and upheld by the higher court[12]. - The company has not disclosed any new product developments or market expansion strategies in this report[9]. - The company plans to continue expanding its hydropower capacity and investing in new projects to meet increasing electricity demand in the region[11]. Inventory and Receivables - Accounts receivable at the end of the period increased to CNY 2,166,774,578.75, an increase of CNY 79,888,100.00 or 58.40% compared to the beginning of the year, mainly due to increased electricity generation and uncollected electricity fees[10]. - Inventory at the end of the period was CNY 55,235,522.03, an increase of CNY 1,443,880.00 or 35.39% compared to the beginning of the year, due to enhanced maintenance efforts[10]. - Accounts receivable rose to ¥1,405,226,210.25, a substantial increase of 97.7% compared to ¥709,324,538.82 in the previous period[18].