国投电力(600886) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was ¥9.19 billion, representing a 21.22% increase year-on-year[4] - Net profit attributable to shareholders decreased by 17.48% to ¥1.22 billion compared to the same period last year[4] - The company reported a net profit margin improvement, with net profit for Q1 2021 expected to be higher than the previous year, although specific figures were not disclosed[17] - The company's net profit for Q1 2021 was approximately ¥2.13 billion, a decrease from ¥2.20 billion in Q1 2020, representing a decline of about 3.3%[18] - The total profit for Q1 2021 was approximately ¥2.48 billion, slightly down from ¥2.49 billion in the same period last year, indicating a decrease of about 0.9%[18] - The operating profit for Q1 2021 was approximately ¥2.39 billion, compared to ¥2.47 billion in Q1 2020, reflecting a decline of around 3.4%[18] - The basic and diluted earnings per share for Q1 2021 were both ¥0.1656, down from ¥0.2102 in Q1 2020, marking a decrease of approximately 21.2%[19] - The company's total comprehensive income for Q1 2021 was approximately ¥2.26 billion, compared to ¥2.22 billion in Q1 2020, showing a slight increase of about 1.5%[18] Assets and Liabilities - Total assets at the end of the reporting period reached ¥229.77 billion, a 0.38% increase from the previous year[4] - Total liabilities as of March 31, 2021, were ¥145,515,867,599.00, slightly down from ¥146,324,019,976.98 at the end of 2020[14] - The company's non-current assets totaled ¥209,529,674,577.32, up from ¥208,078,668,837.87 year-over-year[13] - Total current assets as of January 1, 2021, amounted to CNY 20,830,449,637.36, reflecting a decrease of CNY 251,091.73 from the previous year[28] - Total liabilities reached CNY 146,569,038,899.82, indicating an increase of CNY 245,018,922.84 from the previous year[30] - Total assets amounted to approximately $47.66 billion, with current assets at $5.41 billion and non-current assets at $42.25 billion[32] Cash Flow - Cash flow from operating activities increased by 13.99% to ¥3.94 billion[4] - Cash flow from operating activities for Q1 2021 was approximately ¥9.30 billion, an increase from ¥7.60 billion in Q1 2020, representing a growth of about 22.5%[22] - The net cash flow from financing activities decreased by 24.77% compared to the same period last year, primarily due to an increase in loans due this year[10] - The net cash flow from financing activities was -CNY 2,513,103,239.81, worsening from -CNY 2,014,264,200.19 year-over-year[24] - Cash outflow from financing activities totaled CNY 8,746,029,741.86, compared to CNY 6,993,500,002.62 in the previous year, indicating an increase of about 25%[24] Shareholder Information - The number of shareholders at the end of the reporting period was 101,190[7] - The company's equity totaled ¥40,446,069,173.23 in Q1 2021, down from ¥40,936,286,102.33 in Q1 2020, reflecting changes in retained earnings[16] - Total equity attributable to shareholders was CNY 47,226,653,237.28, remaining unchanged from the previous year[30] Investment and Income - The company's investment income decreased by 89.24% year-on-year, primarily due to the impact of project disposals in the previous year[9] - Investment income for Q1 2021 was ¥80,847,558.92, a decline from ¥751,097,878.98 in Q1 2020, suggesting challenges in investment performance[17] - Non-operating income increased by 286.69% year-on-year, primarily due to income generated from merger projects[9] - The company reported a total of approximately $109.26 million in receivable dividends, reflecting its investment income strategy[32] Expenses - Total operating costs for Q1 2021 were ¥6,906,598,910.38, up from ¥5,823,759,722.02 in Q1 2020, reflecting a growth of 18.6%[17] - Research and development expenses increased significantly to ¥2,530,755.93 in Q1 2021 from ¥55,317.92 in Q1 2020, indicating a focus on innovation[17] - Financial expenses decreased to ¥943,037,395.50 in Q1 2021 from ¥1,081,605,385.57 in Q1 2020, showing improved cost management[17] - The income tax expense for Q1 2021 was approximately ¥349.54 million, up from ¥289.71 million in Q1 2020, reflecting an increase of about 20.7%[18] Other Financial Metrics - The weighted average return on equity decreased by 0.73 percentage points to 2.74%[4] - The company recorded a total of ¥136.50 million in other comprehensive income after tax for Q1 2021, compared to ¥18.67 million in Q1 2020, marking an increase of approximately 630.5%[18] - The company's minority interest in net profit for Q1 2021 was approximately ¥908.32 million, compared to ¥721.26 million in Q1 2020, representing an increase of about 25.9%[19]