TEC(SH:600780)2021-04-28 16:00Financial Performance - Operating revenue for the period was CNY 2,126,640,756.56, representing a year-on-year growth of 22.80%[11] - Net profit attributable to shareholders was CNY 116,946,291.75, up 48.41% from the previous year[11] - Basic earnings per share increased to CNY 0.1020, reflecting a growth of 48.47% compared to the same period last year[11] - The company's net profit for Q1 2021 was CNY 116,445,056.66, an increase of 48.7% compared to CNY 78,320,768.00 in Q1 2020[44] - Total operating revenue for Q1 2021 was CNY 2,006,928,682.15, up from CNY 1,636,907,797.87 in Q1 2020, reflecting a growth of 22.6%[44] - The operating profit for Q1 2021 reached CNY 149,024,677.00, compared to CNY 97,897,668.31 in the same period last year, marking a 52.1% increase[44] - The company reported investment income of CNY 27,154,993.86 in Q1 2021, significantly higher than CNY 5,507,957.87 in Q1 2020, representing a growth of 392.5%[44] - The company's total comprehensive income for Q1 2021 was CNY 116,445,056.66, compared to CNY 78,320,768.00 in Q1 2020, showing an increase of 48.7%[46] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 8,380,953,368.88, an increase of 1.30% compared to the end of the previous year[11] - Non-current assets totaled CNY 6,172,762,213.52, slightly down from CNY 6,192,018,980.70 in the previous period[31] - Total current assets as of March 31, 2021, amounted to approximately RMB 2.21 billion, an increase from RMB 2.08 billion at the end of December 2020[28] - Current liabilities decreased to CNY 1,718,295,768.08 from CNY 1,756,761,459.00, a reduction of 2.2%[31] - The total liabilities amounted to CNY 2,642,502,253.98, down from CNY 2,654,899,396.71, indicating a decrease of 0.5%[33] - The equity attributable to shareholders increased to CNY 5,768,290,795.81 from CNY 5,648,046,296.44, a rise of 2.1%[33] - Long-term borrowings increased to CNY 295,500,000.00 from CNY 245,500,000.00, reflecting a growth of 20.3%[33] Cash Flow - Net cash flow from operating activities was CNY 314,411,180.83, a slight increase of 0.29% compared to the previous year[11] - Cash flow from operating activities for Q1 2021 was CNY 2,319,664,565.22, an increase from CNY 1,916,819,270.12 in Q1 2020, reflecting a growth of 21.0%[48] - Operating cash inflows totaled CNY 2,334,482,108.61, an increase from CNY 1,927,313,905.09 in the previous year, representing a growth of approximately 21.1%[52] - Operating cash outflows amounted to CNY 2,020,070,927.78, compared to CNY 1,613,814,135.38 last year, reflecting an increase of about 25.2%[52] - The net cash flow from financing activities was CNY 7,774,097.77, a recovery from a negative CNY 49,729,921.63 in the previous year[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 51,401[14] - The largest shareholder, Shanxi International Power Group Co., Ltd., held 657,313,245 shares, accounting for 57.33% of the total shares[14] Government and Other Income - Government subsidies recognized in the current period amounted to CNY 4,326,685.62[11] - The company's net profit attributable to shareholders increased compared to the same period last year, primarily due to an increase in electricity sales from affiliated distribution companies and significant growth in the operating performance of coal enterprises[22] Other Financial Metrics - The weighted average return on equity rose to 2.05%, an increase of 0.6 percentage points year-on-year[11] - Cash received from investment decreased compared to the same period last year, mainly due to the central budget investment funds allocated for rural power grid transformation and upgrading projects received from the controlling shareholder in the previous year[22] - Cash received from bank borrowings decreased compared to the same period last year, reflecting a reduction in new bank loans during the current period[22] - The company's management expenses decreased to CNY 87,812,349.23 in Q1 2021 from CNY 103,974,665.76 in Q1 2020, a reduction of 15.5%[44] - Financial expenses decreased to CNY 9,061,690.70 in Q1 2021 from CNY 14,239,333.42 in Q1 2020, a decrease of 36.0%[44] - The company reported a tax expense of CNY 30,200,912.47 for Q1 2021, compared to CNY 21,226,982.27 in Q1 2020, an increase of 42.4%[44]