GGEP(SH:600236)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,583,977,231.93, representing a year-on-year increase of 34.56%[4] - The net profit attributable to shareholders for Q1 2022 was CNY 759,967,241.48, reflecting a significant increase of 94.29% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 756,237,010.47, which is up 94.75% year-on-year[4] - The basic earnings per share for Q1 2022 was CNY 0.0937, an increase of 87.40% compared to the previous year[5] - The weighted average return on equity for Q1 2022 was 4.09%, an increase of 1.87 percentage points from the previous year[5] - Net profit for Q1 2022 reached CNY 883,471,195.75, up 103.5% from CNY 435,190,534.35 in Q1 2021[20] - The total comprehensive income for Q1 2022 was CNY 883,471,195.75, compared to CNY 435,190,534.35 in Q1 2021, marking a growth of 103.5%[51] Cash Flow - The net cash flow from operating activities was CNY 1,583,946,991.99, showing a slight increase of 2.12% year-on-year[4] - The net cash flow from operating activities for Q1 2022 was CNY 1,583,946,991.99, an increase from CNY 1,551,050,608.43 in Q1 2021, reflecting a growth of approximately 2.5%[53] - Total cash inflow from operating activities was CNY 2,576,923,416.48, while cash outflow was CNY 992,976,424.49, resulting in a net cash flow from operations[23] - The cash flow from operating activities showed a significant improvement, contributing to the overall increase in net profit[50] - The cash flow from operating activities showed a net outflow of CNY -1,093,932,166.87 in Q1 2022, contrasting with a net inflow of CNY 329,209,914.44 in Q1 2021[59] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 44,541,784,459.40, a marginal increase of 0.21% from the end of the previous year[5] - The total assets of the company as of March 31, 2022, are 44,541,784,459.40 RMB, compared to 44,447,210,027.31 RMB at the end of the previous year[16] - Total liabilities decreased to CNY 23,941,078,907.50 in Q1 2022 from CNY 24,753,197,671.16 in Q1 2021[18] - The total liabilities rose to CNY 10,177,953,652.76 in Q1 2022, compared to CNY 8,581,774,294.92 in Q1 2021, marking an increase of approximately 18.6%[26] - The company's total equity increased to CNY 20,600,705,551.90 in Q1 2022, compared to CNY 19,694,012,356.15 in Q1 2021, reflecting a growth of 4.6%[48] Shareholder Information - The total number of common shareholders at the end of the reporting period is 47,507[11] - The largest shareholder, China Datang Corporation, holds 4,063,487,233 shares, accounting for 51.55% of total shares[11] - The second largest shareholder, Guangxi Investment Group, holds 1,757,679,435 shares, representing 22.30% of total shares[11] Operational Insights - The increase in operating revenue was attributed to higher overall electricity generation and an increase in the comprehensive on-grid electricity price compared to the previous year[8] - The company reported no significant changes in its operational strategies or new product developments during the reporting period[13] - There are no significant reminders for investors regarding the company's operational status during the reporting period[13] Investment and Financing Activities - The company reported a significant increase in cash received from borrowings, totaling CNY 6,317,050,039.43 in Q1 2022, compared to CNY 2,345,603,140.38 in Q1 2021[23] - Cash outflow for financing activities was CNY 7,494,882,045.78, compared to CNY 2,867,141,585.05 in the previous year, indicating increased financing activities[23] - The net cash flow from financing activities was CNY 1,552,728,715.56, a significant improvement from a negative cash flow of CNY -311,916,402.78 in the previous year[34] Current Assets and Receivables - The company's total current assets as of March 31, 2022, amount to 4,138,082,354.47 RMB, an increase from 3,744,864,679.74 RMB in the previous year[14] - Accounts receivable increased to 1,787,762,679.67 RMB from 1,400,701,267.24 RMB year-over-year[14] - The total current assets decreased slightly to CNY 4,891,569,150.17 from CNY 4,957,151,000.17, a decline of approximately 1.3%[54]