三峡水利(600116) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 267,559,837.25, representing a year-on-year increase of 1.98%[13] - Net profit attributable to shareholders was CNY 27,432,951.42, an increase of 1.36% compared to the same period last year[13] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,718,637.09, a decrease of 32.56% year-on-year[13] - Basic earnings per share were CNY 0.028, an increase of 3.70% compared to the same period last year[13] - The company's net profit for the current period is CNY 25,945,546.47, an increase from CNY 24,356,267.14 in the previous period, representing a growth of approximately 6.5%[62] - Total revenue for the current period is CNY 194,442,477.64, a slight decrease from CNY 196,269,625.17 in the previous period, reflecting a decline of about 0.9%[64] - Operating profit for the current period is CNY 29,428,689.64, compared to CNY 28,991,647.49 in the previous period, indicating an increase of approximately 1.5%[62] - The total comprehensive income for the current period is CNY 25,945,546.47, compared to CNY 25,626,516.45 in the previous period, reflecting an increase of approximately 1.2%[64] Cash Flow - The net cash flow from operating activities was CNY -22,282,796.00, a significant decrease of 233.65% compared to the previous year[13] - The cash inflow from operating activities totaled CNY 378,564,475.75, compared to CNY 355,247,381.04 in the same quarter of 2018, representing an increase of approximately 6.5%[71] - The net cash flow from investment activities was CNY 29,339,576.41, recovering from a negative CNY -44,367,622.59 in Q1 2018[73] - Cash inflow from investment activities amounted to CNY 323,926,238.35, significantly higher than CNY 142,228,596.20 in the previous year, marking an increase of about 128.5%[73] - The net cash flow from financing activities was CNY 2,389,905.99, compared to CNY 3,447,368.27 in Q1 2018, reflecting a decrease of about 30.7%[73] - The total cash and cash equivalents at the end of the period were CNY 468,804,853.51, a decrease from CNY 497,726,393.39 at the end of Q1 2018[73] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,120,104,579.84, a decrease of 0.56% compared to the end of the previous year[13] - Total liabilities were CNY 2,304,222,194.18, down from CNY 2,358,992,496.90, reflecting a decrease of approximately 2.32%[49] - The company's equity totaled CNY 2,815,882,385.66, an increase from CNY 2,790,189,519.81, indicating a growth of about 0.93%[49] - Current assets totaled CNY 985,522,036.74, slightly up from CNY 985,321,281.66, indicating a marginal increase of 0.02%[47] - Total guarantees amounted to ¥570.87 million, accounting for 21.17% of the latest audited net assets[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,243[18] - The largest shareholder, China Yangtze Power Co., Ltd., held 16.08% of the shares[18] - The company’s controlling shareholder has changed, with a combined shareholding of 24.48% by Jiangsu Electric Power, Changjiang Capital, Three Gorges Capital, and Xinhua Hydropower[34] Other Income and Expenses - The company reported government subsidies of CNY 12,517,608.22 related to normal business operations[17] - Other income increased significantly by 315.12% to ¥12,517,608.22 from ¥3,015,401.75 year-over-year[23] - The company reported a significant increase in other income to 12,517,608.22 from 3,015,401.75, representing a growth of approximately 316.67%[59] - The company's income tax expense decreased to CNY 4,030,456.56 from CNY 5,608,666.03 in the previous period, a reduction of about 28.1%[62] Inventory and Receivables - Inventory surged by 151.24% to ¥89,960,054.18 from ¥35,806,769.86 year-over-year[23] - Accounts receivable decreased to CNY 112,994,126.11 from CNY 114,051,205.53, a decline of approximately 0.93%[47] - Accounts receivable remained stable at 21,075,131.99 compared to 21,065,711.46, showing minimal change[53] Investments and Guarantees - The company has invested a total of 20,000 million CNY in financial products, accounting for 7.01% of the latest audited net assets[33] - The company plans to invest 2,250 million CNY in the 2019 rural power grid renovation and upgrade project, with 20% funded by central budget investment and 80% by bank loans[36] - The company provided guarantees for various subsidiaries, including ¥34.68 million for a long-term loan from a rural commercial bank[29] - The company released guarantees totaling ¥8.35 million during the reporting period[29] Asset Restructuring - The company is undergoing a major asset restructuring to acquire controlling stakes in Chongqing Changdian United Energy Co., Ltd. and Chongqing Liangjiang Changxing Power Co., Ltd.[35] - The company is conducting audits and evaluations for the aforementioned asset acquisitions as part of its restructuring efforts[35] Share Buyback - The company has completed a share buyback of 40,507,397 shares, totaling 376,102,883 CNY, representing 4.08% of the total shares[36]