涪陵电力(600452) - 2023 Q2 - 季度财报

Financial Performance - The total revenue for the current period is CNY 1,717,349,710.45, a decrease of 3.36% compared to CNY 1,777,087,578.99 in the previous period[76]. - The net profit attributable to the parent company for the current period is CNY 258,740,132.90, compared to CNY 613,127,384.38 in the previous period, reflecting a significant decline[75]. - Net profit for the current period is CNY 258,740,132.90, a decrease from CNY 405,147,089.07 in the previous period, representing a decline of approximately 36.2%[91]. - The company recognized a total of CNY 7,477,169.30 in government subsidies during the period, compared to CNY 22,562,510.92 in the previous period[56]. - The company incurred a total of CNY 53,350,057.01 in income tax expenses for the current period, compared to CNY 16,333,266.74 in the previous period, showing a significant increase[86]. - The company reported a decrease in travel expenses from CNY 1,206,970.70 in the previous period to CNY 879,977.42 in the current period[79]. - The company experienced a 66.86% decrease in other income, totaling CNY 7,477,169.30 compared to CNY 22,562,510.92 last year[193]. Assets and Liabilities - The accounts receivable at the end of the period amounted to ¥38,342,025, an increase from ¥2,000,000 at the beginning of the period, representing a significant growth[1]. - The total amount of other receivables at the end of the period was ¥18,866,146.45, up from ¥4,011,572.60 at the beginning, indicating a substantial increase[4]. - The fixed assets at the end of the period were valued at ¥3,038,383,561.41, down from ¥3,369,226,084.41 at the beginning, reflecting a decrease in asset value[13]. - The total amount of overdue interest receivables was ¥8,019,840.39, with ¥4,510,857.85 being overdue for more than three years[7]. - The company reported a total deferred tax asset of CNY 314,308,827.85, with an increase of CNY 38,139,811.67 during the period[38]. - The company’s total liabilities included a significant amount of CNY 1,280,032.71 related to long-term borrowings[42]. - The company reported a total of CNY 1,482,605.17 in lease liabilities at the end of the period, down from CNY 8,213,796.72 at the beginning of the period, indicating a reduction of approximately 81.9%[67]. - The total assets at the end of the reporting period were ¥6,839,349,558.77, a decrease of 2.09% from ¥6,985,501,411.99 at the end of the previous year[164]. Cash Flow - The net cash flow from operating activities is CNY 284,521,381.33, down from CNY 427,068,893.57, indicating a decrease of about 33.4%[92]. - The total amount of other operating cash outflows for the current period is CNY 60,155,847.31, down from CNY 80,708,446.25 in the previous period, a decrease of approximately 25.5%[88]. - The ending cash balance is CNY 2,015,168,874.96, compared to CNY 2,212,386,824.08 at the beginning of the period, reflecting a decrease of approximately 8.9%[92]. - Cash flow from operating activities decreased by 33.38% to ¥284,521,381.33 from ¥427,068,893.57 in the previous year[193]. Expenses - The company incurred a total employee compensation expense of CNY 32,693,512.69, a decrease from CNY 35,372,033.33 in the previous period[54]. - The company’s total interest expenses were reported at CNY 3,622,750.00, down from CNY 4,669,080.55 in the previous period[55]. - The company’s total depreciation expense increased to CNY 8,466,395.48 from CNY 7,612,234.99 in the previous period[54]. - The company paid CNY 12,004,375.66 in lease payments for right-of-use assets, significantly higher than CNY 4,638,988.15 in the previous period, indicating an increase of approximately 158.5%[104]. - The company reported a 226.63% increase in income tax expenses, amounting to CNY 53,350,057.01 compared to CNY 16,333,266.74 in the previous year[193]. Investments and Equity - The capital surplus increased from CNY 1,959,360,262.49 to CNY 1,982,291,774.96, reflecting an increase of approximately 1.2%[72]. - The company has established long-term partnerships with domestic and international enterprises possessing advanced energy-saving technologies, enhancing its resource integration capabilities[192]. - The company aims to leverage new equipment and technologies in the electricity sector to improve productivity and service quality[191]. - The company uses the equity method for long-term equity investments that have joint control or significant influence, recognizing investment income based on the share of net profit or loss[114]. Operational Insights - The company operates primarily in the electricity industry, focusing on power grid operation and energy-saving services[173]. - The company is focused on energy-saving transformation and comprehensive energy efficiency management solutions, which are supported by national policies[191]. - The company has accumulated a significant customer base in the energy-saving service sector, developing several demonstrative projects[192]. - The company has not reported any significant changes in contract assets during the reporting period[11]. - The company did not recognize any impairment losses on goodwill during the reporting period[24].