涪陵电力(600452) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 765,230,081.39, representing a growth of 26.04% year-on-year[11] - Net profit attributable to shareholders of the listed company was CNY 153,867,561.40, an increase of 45.11% compared to the same period last year[11] - Basic earnings per share rose by 45.83% to CNY 0.35[11] - The company reported a net profit excluding non-recurring gains and losses of CNY 153,251,823.54, up 45.19% year-on-year[11] - The company's net profit for Q1 2021 reached CNY 153,867,561.40, representing a 45.11% increase compared to CNY 106,032,209.29 in Q1 2020[24] - The company's operating revenue for Q1 2021 was ¥765,230,081.39, representing a 26% increase from ¥607,155,499.80 in Q1 2020[34] - The net profit for Q1 2021 was ¥153,867,561.40, up 45% from ¥106,032,209.29 in Q1 2020[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,738,045,802.14, a decrease of 4.03% compared to the end of the previous year[11] - The company’s total liabilities decreased to CNY 3,661,126,607.55 from CNY 4,054,900,234.20, indicating improved financial stability[32] - Cash and cash equivalents decreased by 44.09% to 391,609,656.66 RMB, primarily due to payments made for acquisitions[21] - The total assets amounted to ¥5,738,045,802.14, compared to ¥5,978,948,759.10 in the previous year[34] - The company’s total liabilities decreased from ¥5,978,948,759.10 to ¥5,738,045,802.14 year-over-year[34] - Current liabilities reached CNY 3,225,617,589.17, while total liabilities were CNY 4,054,900,234.20[45] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 7.95% to CNY 2,076,919,194.59[11] - The total number of shareholders at the end of the reporting period is 17,699[17] - The largest shareholder, Chongqing Chuandong Power Group Co., Ltd., holds 226,736,842 shares, accounting for 51.64% of the total shares[17] - The company has not issued preferred shares, and there are no related party transactions among the top shareholders[20] - The top ten shareholders do not have any associated relationships or concerted actions as per the regulations[20] Cash Flow and Expenses - Net cash flow from operating activities was CNY 160,762,276.79, showing a significant recovery from a negative cash flow in the previous year[11] - The company’s cash flow from operating activities showed a net inflow of CNY 160,762,276.79, a significant improvement from a net outflow of CNY 11,193,955.53 in the same period last year[24] - Cash received from sales of goods and services rose by 84.18% to CNY 520,439,558.79, driven by increased cash inflow from energy-saving benefits and electricity sales[24] - The company reported a significant increase in interest income, up 274.17% to CNY 603,528.21, attributed to higher cash reserves[24] - The cash paid for the acquisition of fixed assets and other long-term assets surged by 782.46% to CNY 553,865,369.80, reflecting increased project engineering and material procurement[24] - The company received cash from financing activities amounting to ¥100,000,000.00, with cash outflows for debt repayment totaling ¥96,000,000.00[40] Inventory and Receivables - Accounts receivable increased by 101.81% to 585,645,060.95 RMB, primarily due to growth in the company's distribution network business[21] - Inventory surged by 1196.88% to 4,018,605.55 RMB, mainly due to an increase in project reserve materials[21] - The company reported a significant increase in prepayments by 143.47% to 1,627,239.83 RMB, mainly due to prepaid insurance fees[21] - Inventory stood at CNY 309,867.94, indicating effective inventory management[42] Management and Operational Changes - Sales expenses increased by 256.82% to CNY 599,948.97, primarily due to the development needs of energy-saving business and increased travel expenses[24] - The management expenses increased by 32.63% to CNY 22,970,985.77, mainly due to costs associated with energy-saving business development and organizational adjustments[24] - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company incurred research and development expenses, although specific figures were not disclosed in the report[34]