2019-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 41.60% to CNY 353.77 million year-on-year[5] - Operating revenue rose by 9.32% to CNY 7.85 billion compared to the same period last year[5] - Basic earnings per share increased by 37.50% to CNY 0.11 compared to the same period last year[5] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 94.08% to CNY 382.12 million[5] - The net profit attributable to the parent company was approximately 353.77 million RMB, representing a 41.60% increase compared to the same period last year[12] - Net profit for Q1 2019 was CNY 368,194,827.52, up 42.1% from CNY 259,287,178.16 in Q1 2018[24] - The total profit for Q1 2019 was CNY 428,630,628.03, a rise of 43.1% from CNY 299,528,769.47 in Q1 2018[58] Assets and Liabilities - Total assets decreased by 3.39% to CNY 88.23 billion compared to the end of the previous year[5] - Total current assets as of March 31, 2019, were approximately 69.77 billion RMB, down from 73.56 billion RMB at the end of the previous year[17] - Total liabilities decreased to CNY 19,378,133,064.53 from CNY 21,647,380,487.00 year-over-year[22] - Total liabilities decreased to ¥57,166,976,413.58 from ¥60,629,420,802.57 year-over-year[19] - The total equity increased to CNY 24,530,243,077.40 from CNY 24,455,319,922.44 in the previous year[22] - The company's total equity increased to ¥31,064,509,709.77 from ¥30,693,908,615.21 year-on-year[53] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 4.15 billion, compared to a net outflow of CNY 1.52 billion in the previous year[5] - The net cash flow from operating activities showed a significant decline, amounting to -4.15 billion RMB, compared to -1.52 billion RMB in the previous year[14] - The net cash flow from operating activities was -¥1,377,935,194.78 for Q1 2019, compared to -¥3,680,117,560.91 in Q1 2018[32] - The company's cash flow from operating activities showed improvement, indicating a positive trend in operational efficiency[24] - Cash flow from operating activities for Q1 2019 was negative at -¥4,150,389,876.95, compared to -¥1,515,942,967.87 in Q1 2018, highlighting cash flow challenges[30] Research and Development - R&D expenses increased by 140.88% year-over-year to approximately 446.88 million RMB, reflecting the company's commitment to enhancing its research capabilities[12] - Research and development expenses increased significantly to CNY 446,880,873.93, compared to CNY 185,519,265.00 in Q1 2018, marking a rise of 141.5%[23] - The company's research and development expenses for Q1 2019 were CNY 25,894,801.63, significantly higher than CNY 91,454.34 in Q1 2018, reflecting a strategic focus on innovation[60] Shareholder Information - The number of shareholders at the end of the reporting period was 109,989[7] - The largest shareholder, China Dongfang Electric Group Co., Ltd., holds 55.91% of the shares[7] Orders and Production - In Q1 2019, the company produced 3.1206 million kW of power generation equipment, including 5 hydro turbine units (266,600 kW) and 19 steam turbines (2.71 million kW)[10] - The company received new orders worth 9.562 billion RMB in Q1 2019, a 24.6% increase year-over-year, with clean energy equipment accounting for 28.7% and renewable energy equipment for 29.8% of the total[10] Financial Challenges - The company's management expenses rose by 31.19% year-over-year, primarily due to increased insurance costs for the first unit[13] - The company reported a significant increase in credit impairment losses, which rose by 328.67% year-on-year to approximately 107.94 million RMB, due to increased provisions for bad debts[12] - The company recorded a total loss from fair value changes of RMB -45.93 million, indicating a decline in the market value of certain held stocks[46]