GGEP(SH:600236)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 52.54% to CNY 280,872,844.89 year-on-year[4] - Operating revenue fell by 26.92% to CNY 1,694,115,802.93 compared to the same period last year[4] - Basic earnings per share dropped by 50% to CNY 0.04[4] - The weighted average return on net assets decreased by 2.23 percentage points to 1.89%[4] - Net profit fell by 53.66% year-on-year, attributed to reduced power generation and decreased revenue[9] - Total operating revenue decreased by 26.92% year-on-year, mainly due to a decline in power generation compared to the same period last year[9] - Cash received from the sale of goods and services dropped by 29.22% year-on-year, primarily due to lower power generation revenue[9] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 50.33% to CNY 303,685,154.44 compared to the same period last year[41] - The total profit for Q1 2020 was ¥375,420,507.74, a decline of 53.6% compared to ¥808,741,981.41 in Q1 2019[21] - The net profit for Q1 2020 was ¥312,070,861.06, down 53.7% from ¥673,456,656.31 in the same period last year[22] Assets and Liabilities - Total assets increased by 1.05% to CNY 44,419,364,888.53 compared to the end of the previous year[4] - Total liabilities reached 26.84 billion yuan, slightly up from 26.83 billion yuan at the end of the previous year[14] - Shareholders' equity totaled 17.58 billion yuan, compared to 17.13 billion yuan at the end of the previous year[15] - Current assets totaled CNY 3,631,632,060.44, slightly up from CNY 3,510,313,050.44 in the previous year[17] - Non-current assets amounted to CNY 25,513,410,604.73, compared to CNY 25,338,034,507.66 at the end of 2019[17] - Total liabilities were CNY 10,369,811,875.81, an increase from CNY 10,036,906,240.67 in the previous year[18] - The company’s equity totaled CNY 18,775,230,789.36, a slight decrease from CNY 18,811,441,317.43 at the end of 2019[18] Cash Flow - Net cash flow from operating activities decreased by 26.72% to CNY 1,051,332,489.08[4] - Cash inflow from operating activities for Q1 2020 was CNY 2,000,055,252.42, a decrease of 26.7% from CNY 2,728,369,740.04 in Q1 2019[26] - Cash outflow from operating activities totaled CNY 948,722,763.34, down 26.6% from CNY 1,293,598,582.18 in the previous year[26] - Cash inflow from investment activities was CNY 314,448.38, slightly up from CNY 313,762.44 in Q1 2019[27] - Cash outflow from investment activities increased to CNY 176,374,744.85, compared to CNY 99,201,318.35 in the same period last year[27] - Cash inflow from financing activities reached CNY 1,482,584,765.44, significantly higher than CNY 267,000,000.00 in Q1 2019[27] - Cash outflow from financing activities was CNY 1,505,298,534.74, up from CNY 790,718,067.76 in the previous year[27] - The ending cash and cash equivalents balance for Q1 2020 was CNY 2,715,802,835.74, down from CNY 2,961,122,490.18 in Q1 2019[27] Shareholder Information - The total number of shareholders reached 56,488 at the end of the reporting period[7] - The largest shareholder, China Datang Corporation, holds 51.55% of the shares[7] - Total equity attributable to shareholders increased to ¥14,794,261,514.31 from ¥14,513,388,669.42, reflecting a growth of 1.94%[52] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 1,193,076.61 related to normal business operations[5] - The company reported a loss of CNY 37,081,061.96 from other operating income and expenses[6] - Government subsidies recognized in the current profit and loss totaled ¥1,193,076.61[42] Operational Efficiency - Cash paid for fixed assets, intangible assets, and other long-term assets increased by 77.80% year-on-year, mainly due to the progress of engineering construction[9] - Cash paid for taxes decreased by 45.31% year-on-year, influenced by lower power generation and VAT rate adjustments[46] - The company executed adjustments for new revenue and lease standards effective from 2020[34]