GGEP(SH:600236)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 391,148,900.05, representing an increase of 39.26% year-on-year[4]. - Operating revenue for the period reached CNY 1,920,255,328.33, reflecting a growth of 13.35% compared to the same period last year[4]. - Net cash flow from operating activities was CNY 1,551,050,608.43, an increase of 47.53% year-on-year[4]. - The company reported a net profit excluding non-recurring gains and losses of CNY 388,302,248.82, which is a 27.86% increase year-on-year[4]. - Net profit increased by 39.45% year-on-year, driven by increased power generation and revenue[10]. - Cash received from sales of goods and services increased by 33.79% year-on-year, attributed to higher power generation revenue[10]. - Net profit for Q1 2021 reached CNY 435,190,534.35, compared to CNY 312,070,861.06 in Q1 2020, representing a growth of 39.5%[22]. - The total comprehensive income for Q1 2021 was CNY 5,271,248.74, a recovery from a total comprehensive loss of CNY 36,210,528.07 in Q1 2020[26]. - The total revenue for Q1 2021 reached CNY 1,920,255,328.33, representing a 13.35% increase from CNY 1,694,115,802.93 in the same period last year[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 44,644,595,674.30, a decrease of 0.30% compared to the end of the previous year[4]. - Total liabilities decreased to CNY 24.85 billion from CNY 25.42 billion year-on-year[15]. - The company's equity attributable to shareholders increased to CNY 17.09 billion from CNY 16.70 billion year-on-year[15]. - The company's total assets amounted to CNY 29,326,118,749.84, a slight decrease from CNY 29,573,368,098.26 in the previous quarter[19]. - Total liabilities were CNY 8,228,359,991.97, down from CNY 8,480,883,889.13 in the previous quarter[19]. - The company's equity totaled CNY 21,097,758,757.87, showing a marginal increase from CNY 21,092,484,209.13 in the previous quarter[19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 57,965[7]. - The largest shareholder, China Datang Corporation, held 51.55% of the shares, totaling 4,063,487,233 shares[7]. - Total number of shareholders reached 57,965, with the top ten shareholders holding a combined 99.00% of shares[38]. - The largest shareholder, China Datang Corporation, holds 51.55% of shares, followed by Guangxi Investment Group with 22.13%[38]. Cash Flow and Expenses - Cash and cash equivalents increased by 28.34% compared to the beginning of the period, primarily due to the need to reserve cash for dividends[9]. - Financial expenses decreased by 19.63% year-on-year, primarily due to the issuance of perpetual bonds at the end of the previous year, which reduced borrowing costs[9]. - Other income increased by 42.45% year-on-year, mainly due to fewer companies completing personal income tax refunds in the first quarter of the previous year[9]. - The cash flow from financing activities showed a net outflow of CNY 311,916,402.78 in Q1 2021, compared to a net inflow of CNY 237,672,669.65 in Q1 2020[31]. - The ending balance of cash and cash equivalents was ¥2,390,455,449.01, down from ¥2,715,802,835.74 at the end of Q1 2020, a decrease of approximately 11.9%[59]. - The company reported a net increase in cash and cash equivalents of ¥533,841,223.63 for Q1 2021, compared to an increase of ¥852,558,423.31 in Q1 2020, a decline of about 37.4%[59]. Inventory and Operating Costs - Inventory decreased by 48.45% compared to the beginning of the period, mainly influenced by increased thermal power generation and coal purchases[9]. - Total operating costs for Q1 2021 were CNY 1,422,073,112.14, up from CNY 1,280,110,371.74 in Q1 2020, reflecting a year-over-year increase of 11.1%[20]. - The company reported a financial expense of CNY 214,429,733.37, a decrease from CNY 266,806,323.47 in Q1 2020[22]. - Management expenses rose to CNY 29,888,252.85 in Q1 2021, compared to CNY 18,838,266.38 in Q1 2020, reflecting increased operational costs[23]. Research and Development - The company has not disclosed any new product or technology developments, market expansion, or mergers and acquisitions in this report[4]. - Research and development expenses were not explicitly detailed but are part of the overall operating costs[22]. - Research and development expenses were not explicitly detailed but are critical for future growth strategies[53].