节能风电(601016) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 113,478,014.86, representing a decline of 42.19% year-on-year[7]. - Operating revenue for the period was CNY 551,518,765.03, down 9.67% from the same period last year[7]. - The weighted average return on equity was 1.62%, down 1.27 percentage points from the previous year[7]. - Basic earnings per share were CNY 0.027, a decrease of 42.55% year-on-year[7]. - Net profit for Q1 2019 was 131,957,478.83 CNY, a decline of 41.35% from 224,978,295.99 CNY in Q1 2018[18]. - Operating profit decreased by 41.29% to 150,477,092.77 CNY in Q1 2019, compared to 256,305,582.07 CNY in Q1 2018[17]. - Total operating revenue for Q1 2019 was ¥551,518,765.03, a decrease of 9.6% compared to ¥610,576,994.94 in Q1 2018[27]. - Net profit for Q1 2019 was ¥131,957,478.83, a decline of 41.3% compared to ¥224,978,295.99 in Q1 2018[28]. - Earnings attributable to shareholders of the parent company were ¥113,478,014.86, down 42.1% from ¥196,290,851.88 in the previous year[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,390,711,341.17, a decrease of 0.44% compared to the end of the previous year[7]. - Total liabilities decreased from CNY 13,786,919,412.45 to CNY 13,586,559,235.24, a decrease of about 1.45%[24]. - Current liabilities decreased from CNY 2,530,313,779.83 to CNY 2,271,744,685.48, a reduction of about 10.2%[23]. - Long-term borrowings increased from CNY 9,974,965,115.12 to CNY 10,038,982,884.12, an increase of approximately 0.64%[24]. - Total equity increased from CNY 7,697,390,003.00 to CNY 7,804,152,105.93, an increase of approximately 1.39%[24]. - Total liabilities amounted to ¥6,886,666,785.41, a slight decrease from ¥6,960,967,857.31 in the previous year[26]. - Total equity decreased to ¥6,286,017,639.63 from ¥6,294,447,386.88 year-over-year[26]. - The company reported total assets of 21,484,309,415.45 RMB as of Q1 2019, with total liabilities amounting to 4,242,132,254.36 RMB[37]. Cash Flow - The net cash flow from operating activities was CNY 226,577,134.36, a decrease of 2.39% compared to the previous year[7]. - Cash flow from financing activities showed a net outflow of 147,461,537.26 CNY, a decrease of 143.73% compared to the previous year[20]. - Cash inflow from financing activities in Q1 2019 was 130,702,769.00 RMB, significantly lower than 491,000,000.00 RMB in Q1 2018, representing a decrease of approximately 73.3%[35]. - The total cash and cash equivalents at the end of Q1 2019 stood at 535,857,445.84 RMB, down from 719,988,676.74 RMB at the end of Q1 2018, reflecting a decrease of about 25.5%[35]. - The cash inflow from financing activities in Q1 2019 was CNY 193,702,769.00, a significant drop from CNY 617,522,319.07 in Q1 2018, representing a decline of about 68.7%[33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 110,896[10]. - The largest shareholder, China Energy Conservation and Environmental Protection Group, held 1,896,296,000 shares, accounting for 45.63% of total shares[10]. Operational Highlights - The company did not report any new product developments or market expansion strategies in this quarter[11]. - In Q1 2019, total electricity generation was 141,675,000 MWh, a decrease of 13.06% compared to Q1 2018's 162,952,000 MWh[12]. - The total grid-connected electricity volume in Q1 2019 was 136,150,000 MWh, down 13.24% from 156,922,000 MWh in Q1 2018[14]. - The average grid-connected electricity price in Q1 2019 was 0.4619 CNY/kWh, reflecting a decrease in overall sales revenue due to lower wind speeds in key regions[12]. - The total electricity volume from market transactions in Q1 2019 was 52,300,000 MWh, an increase of 33.96% from 39,042,000 MWh in Q1 2018[14]. Other Financial Metrics - The company received government subsidies amounting to CNY 5,515,869.70 during the reporting period[8]. - The company reported a significant increase in other receivables, which rose by 103.20% to 28,964,986.08 CNY due to increased VAT refunds[15]. - Derivative financial liabilities increased by 88.08% to 34,818,033.17 CNY, primarily due to fair value changes in cash flow hedging instruments[16]. - Financial expenses increased to ¥110,625,371.94, compared to ¥98,890,240.32 in Q1 2018[27]. - Research and development expenses were ¥220,332.51, slightly down from ¥232,557.34 in the same quarter last year[27].