HDECL(SH:600726)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 3,440,941,754.68, representing a year-on-year increase of 9.56%[3] - The net profit attributable to shareholders of the listed company was a loss of RMB 779,359,687.98, a decrease of 10,056.39% compared to the same period last year[3] - The total operating revenue for Q1 2022 was approximately ¥3.44 billion, an increase of 9.6% compared to ¥3.14 billion in Q1 2021[14] - In Q1 2022, the company reported a net profit of -831,041,889.51 RMB, compared to a net profit of 29,763,530.88 RMB in Q1 2021, indicating a significant decline[16] - The total comprehensive income for Q1 2022 was -938,089,382.04 RMB, compared to 43,178,343.23 RMB in Q1 2021, showing a substantial decrease[17] - The basic and diluted earnings per share for Q1 2022 were both -0.40 RMB, down from 0.004 RMB in Q1 2021[17] - The company reported a net loss of approximately ¥613.45 million for the current period, compared to a net loss of ¥21.55 million in the same period last year, indicating a significant decline in profitability[25] Cash Flow - The net cash flow from operating activities was a negative RMB 388,828,630.41, reflecting a decline of 452.91% year-on-year[3] - The company's cash and cash equivalents as of March 31, 2022, were approximately ¥1.57 billion, a decrease from ¥1.64 billion at the end of 2021[11] - The net cash flow from financing activities was ¥537,710,676.70 in Q1 2022, a recovery from a negative cash flow of ¥456,218,494.24 in the same period last year[20] - The company raised ¥3.13 billion through financing activities, significantly higher than the ¥1.13 billion raised in the same quarter last year, showing a strong increase in financing capabilities[27] - The cash and cash equivalents at the end of Q1 2022 were ¥1,572,117,207.46, a decrease from ¥912,570,755.10 in the previous year[20] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to RMB 22,326,615,364.75, a decrease of 1.36% from the end of the previous year[4] - The company's total assets as of March 31, 2022, amounted to ¥19,349,054,352.13, up from ¥18,924,606,388.00 at the end of 2021[23] - The company's total liabilities as of March 31, 2022, were approximately ¥25.36 billion, an increase from ¥24.73 billion at the end of 2021[13] - The total liabilities increased to ¥21,312,965,376.14 in Q1 2022 from ¥20,169,333,253.10 in Q1 2021[23] Operating Costs and Expenses - The company experienced a significant increase in operating costs by 36.81% primarily due to rising fuel costs[6] - The total operating costs for Q1 2022 were approximately ¥4.18 billion, up from ¥3.11 billion in Q1 2021, representing a year-over-year increase of 34.3%[14] - Operating expenses rose to 3,664,748,367.85 RMB in Q1 2022, compared to 3,020,199,696.96 RMB in Q1 2021, reflecting increased operational costs[19] - The company incurred financial expenses of 226,972,343.95 RMB in Q1 2022, compared to 204,667,038.69 RMB in Q1 2021, indicating rising costs[16] - The company incurred a total operating expense of approximately ¥2.75 billion, up from ¥2.07 billion in the same quarter last year, indicating increased operational costs[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 160,993, with 104,610 A-share and 56,383 B-share holders[8] - The largest shareholder, China Huadian Corporation, held 44.8% of the shares, totaling 881,126,465 shares[7] Research and Development - The company's research and development expenses rose by 38.47% due to increased salaries for R&D personnel[6] - Research and development expenses increased to 3,288,537.53 RMB in Q1 2022, up from 2,374,848.23 RMB in Q1 2021, reflecting a focus on innovation[16] - The company's research and development expenses for Q1 2022 were not explicitly stated but are part of the overall management expenses of ¥4,723,936.42[24] Strategic Decisions - The company plans to close the Tian Shun Mining mine due to the depletion of coal resources, a decision approved by the board[9] - The company intends to shut down units 7, 8, and 9 of the Fularqi Thermal Power Plant to comply with national policies on eliminating backward production capacity[9] - The company plans to purchase coal from Shenmu Huadian Coal Sales Co., with an estimated transaction amount of approximately ¥280 million[9] - The company is planning a major asset restructuring involving the acquisition of a 51% stake in Shanxi Jinxing Energy Co., with shares suspended for up to 10 trading days[9] Investment Performance - The company reported an investment loss of -99,268,567.74 RMB in Q1 2022, a stark contrast to an investment gain of 1,199,584.56 RMB in Q1 2021[16] - Other comprehensive income after tax was reported as a loss of approximately ¥107.05 million, compared to a gain of ¥13.41 million in the same period last year, indicating challenges in other income sources[25]