华能水电(600025) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥3,731,799,144.16, a decrease of 5.31% compared to the same period last year[4] - Net profit attributable to shareholders was ¥803,207,576.83, representing an increase of 8.25% year-on-year[4] - The net cash flow from operating activities increased by 33.79% to ¥2,724,947,878.56 compared to the previous year[4] - Basic and diluted earnings per share for the period were both ¥0.04[6] - The company's net profit for Q1 2023 was CNY 914,421,737.17, an increase of 15.3% compared to CNY 793,223,475.25 in Q1 2022[20] - The total revenue from operating activities was CNY 4,020,225,735.12, up from CNY 3,141,615,194.52 in the same period last year, representing a growth of 28.1%[22] - The company reported a significant decrease in management expenses, which were CNY 71,937,793.37 in Q1 2023 compared to CNY 80,854,980.26 in Q1 2022, a reduction of 11.9%[20] - The company’s total comprehensive income for Q1 2023 was CNY 878,567,124.06, compared to CNY 788,639,549.23 in Q1 2022, reflecting an increase of 11.4%[21] - Total profit for Q1 2023 was CNY 809.97 million, down from CNY 844.59 million in Q1 2022, indicating a decline of approximately 4.4%[29] - Net profit for Q1 2023 was CNY 688.47 million, compared to CNY 723.94 million in Q1 2022, representing a decrease of about 4.9%[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥164,657,964,218.26, an increase of 1.09% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 164,657,964,218.26, compared to RMB 162,879,365,505.42 at the end of 2022[17] - Total liabilities reached RMB 94,069,084,186.23, slightly up from RMB 93,081,113,849.98 at the end of 2022[17] - The company's equity attributable to shareholders was RMB 68,438,842,542.51, an increase from RMB 67,743,767,527.56 year-over-year[17] - The total current assets increased to CNY 2,963,474,146.05 from CNY 1,955,797,831.64, reflecting a growth of approximately 51.4%[26] - The total liabilities amounted to CNY 76,614,850,538.95, slightly down from CNY 76,720,220,001.98 in the previous year[27] - The company's total assets reached CNY 143,305,239,895.66, compared to CNY 142,815,030,722.61 in the previous year, reflecting a growth of about 0.3%[27] Cash Flow - The cash flow from operating activities netted CNY 2,724,947,878.56, an increase of 33.9% compared to CNY 2,036,740,722.66 in Q1 2022[23] - Cash flow from operating activities for Q1 2023 was CNY 2,558.73 million, an increase from CNY 2,106.74 million in Q1 2022, showing a growth of approximately 21.4%[31] - The net cash flow from financing activities was CNY 406,853,325.19, a significant improvement from a negative cash flow of CNY -849,762,761.56 in the previous year[24] - Cash flow from financing activities for Q1 2023 resulted in a net outflow of CNY -732.80 million, an improvement from CNY -1,497.20 million in Q1 2022[32] - The cash inflow from financing activities totaled CNY 17,310,152,273.31, compared to CNY 13,304,807,729.25 in the previous year, representing an increase of approximately 30.1%[24] Expenses - Total operating costs for Q1 2023 were RMB 2,696,064,932.51, down 10.8% from RMB 3,024,944,465.00 in Q1 2022[18] - The company experienced a decrease of 17.7% in financial expenses, contributing to the increase in net profit[11] - Research and development expenses decreased to CNY 6,430,436.80 from CNY 8,722,314.65, a decline of 26.3% year-over-year[20] - The company recorded a decrease in tax expenses to CNY 133,612,919.66 from CNY 132,847,767.03, a slight increase of 0.6%[20] - Financial expenses for Q1 2023 were CNY 546,630,031.03, down from CNY 699,943,678.84 in Q1 2022, showing a reduction of approximately 21.8%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 72,562[12] - Earnings per share remained stable at CNY 0.04 for both basic and diluted earnings per share in Q1 2023 and Q1 2022[21] Investment Activities - The investment activities resulted in a net cash outflow of CNY 2,084,397,402.08, compared to a net outflow of CNY 639,488,778.24 in the previous year[23] - The company's long-term equity investments rose to CNY 10,610,343,771.20 from CNY 10,040,177,171.20, indicating an increase of about 5.7%[26] - The company’s investment income for Q1 2023 was CNY 9.59 million, down from CNY 22.01 million in Q1 2022, indicating a decline of approximately 56.4%[29] Other Information - The company reported a 55.84% increase in cash and cash equivalents, primarily due to the recovery of electricity fees[9] - Short-term borrowings increased by 53.35% as the company optimized its interest-bearing debt structure[9] - The company did not apply new accounting standards for the first time in 2023, maintaining consistency in financial reporting[33]