DHEP(SH:600744)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -102,396,420.13, a significant decline from CNY -32,350,112.73 in the same period last year[12] - Operating revenue increased by 24.63% to CNY 2,205,642,620.59 compared to CNY 1,769,731,126.43 in the previous year[12] - Basic and diluted earnings per share were both CNY -0.057, compared to CNY -0.018 in the same period last year[12] - The company reported a net loss of -3,792,055,469.07, compared to -3,689,659,048.94 in the previous period[34] - Net profit for Q1 2021 was CNY -100,442,519.51, compared to CNY -34,120,359.33 in Q1 2020, showing a significant increase in losses[43] - The company reported a total comprehensive loss of approximately ¥152.14 million for Q1 2021, compared to a loss of ¥86.28 million in Q1 2020[48] Asset and Liability Management - Total assets decreased by 4.20% to CNY 17,310,554,330.79 compared to the end of the previous year[12] - Total liabilities decreased from 15,108,595,999.26 to 14,449,390,764.73, a reduction of approximately 4.36%[32] - Current liabilities decreased from 8,218,475,753.39 to 7,472,267,118.56, a decrease of about 9.06%[32] - Non-current liabilities increased from 6,890,120,245.87 to 6,977,123,646.17, an increase of approximately 1.26%[32] - Total current assets decreased from 5,677,271,076.94 to 5,219,056,795.36, a decline of approximately 8.09%[34] - Total assets decreased from CNY 18.07 billion at the end of 2020 to CNY 17.31 billion at the end of Q1 2021[29] Cash Flow Analysis - Net cash flow from operating activities dropped by 99.90% to CNY 1,000,521.26 from CNY 1,032,181,437.16 year-on-year[12] - Cash flow from operating activities for Q1 2021 was approximately ¥1.00 million, a significant decrease from ¥1.03 million in Q1 2020[51] - Total cash inflow from operating activities was 1,614,721,649.80 RMB, down 31.1% from 2,344,454,650.88 RMB in the same period last year[55] - Cash outflow from operating activities totaled 1,613,592,240.70 RMB, an increase of 18.9% compared to 1,356,290,313.85 RMB in Q1 2020[55] - The net cash flow from investing activities was 149,845,766.34 RMB, a significant recovery from a negative cash flow of -29,698,756.42 RMB in Q1 2020[55] - The ending balance of cash and cash equivalents was 533,068,951.01 RMB, down from 1,411,988,760.06 RMB at the end of Q1 2020[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 179,133[16] - The top shareholder, China Datang Corporation, held 34.1% of the shares, totaling 608,793,971 shares[16] Operational Insights - Total operating costs for Q1 2021 were CNY 2,296,238,794.16, up from CNY 1,795,073,845.63 in Q1 2020, reflecting a year-over-year increase of 28.0%[43] - Operating profit for Q1 2021 was CNY -88,707,401.46, compared to CNY -18,374,464.06 in Q1 2020, indicating a worsening performance[43] - Research and development expenses for Q1 2021 were CNY 4,804,255.49, indicating ongoing investment in innovation[43] - The company is focusing on expanding its market presence and exploring new strategies, although detailed plans were not disclosed in the provided content[46] Asset Quality and Restructuring - The company is committed to improving asset quality and enhancing sustainable profitability through the injection of quality power assets from its controlling shareholder[23] - The company has completed the restructuring of assets as per the commitments made in 2014, although some assets from the controlling shareholder do not currently meet the injection requirements due to performance issues[23]