CECWPC(SH:601016)2021-04-28 16:00Financial Performance - Operating revenue rose by 42.62% to CNY 884,964,818.38 year-on-year[6] - Net profit attributable to shareholders increased by 118.50% to CNY 298,847,913.68 compared to the same period last year[6] - Basic earnings per share improved by 81.82% to CNY 0.060 compared to the previous year[6] - The company reported a significant increase in comprehensive income, which rose by 430.41% to 328,390,468.58 RMB compared to 61,912,498.42 RMB in the previous year[17] - The total profit for Q1 2021 was CNY 382,264,012.31, compared to CNY 183,178,478.74 in Q1 2020, marking a growth of around 108.6%[30] - The company's operating profit for Q1 2021 was CNY 381,797,697.04, a substantial increase from CNY 182,816,998.63 in Q1 2020, representing a growth of approximately 108.5%[30] Cash Flow - Net cash flow from operating activities surged by 67.87% to CNY 511,389,246.07 year-on-year[6] - Cash inflow from operating activities for Q1 2021 was RMB 696,992,586.46, an increase of 55.5% compared to RMB 448,448,086.03 in Q1 2020[34] - The net cash flow from operating activities reached RMB 511,389,246.07, up from RMB 304,625,933.28 in the same period last year, representing a growth of 67.8%[34] - The company reported a net increase in cash and cash equivalents of RMB -207,749,559.09, contrasting with an increase of RMB 424,172,643.49 in Q1 2020, highlighting a shift in cash flow dynamics[35] - The cash outflow for employee compensation was RMB 32,846,412.94, an increase from RMB 25,615,629.20 in Q1 2020, reflecting higher personnel costs[34] Assets and Liabilities - Total assets increased by 5.12% to CNY 34,778,750,941.85 compared to the end of the previous year[6] - Total liabilities amounted to approximately 23.89 billion RMB, an increase from 22.52 billion RMB at the end of 2020[25] - The company's total equity was reported at approximately 10.89 billion RMB, up from 10.56 billion RMB at the end of 2020[25] - The company's long-term borrowings were reported at approximately 17.68 billion RMB, an increase from 16.49 billion RMB at the end of 2020[25] - The total non-current assets reached approximately 28.31 billion RMB, compared to 26.90 billion RMB at the end of 2020[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 229,196[8] - The largest shareholder, China Energy Conservation and Environmental Protection Group, holds 47.93% of the shares[8] - The company granted 26.38 million restricted shares to 129 incentive recipients, with a grant price of 1.75 RMB per share, increasing the total share capital from 498.67 million to 501.31 million[19] Research and Development - Research and development expenses increased by 60.23% to 1,678,106.59 RMB, indicating a focus on technological advancement[15] - The company has not disclosed any new product or technology developments in this report[6] Electricity Generation - The total electricity generation in Q1 2021 was 242,737 MWh, a 52.14% increase from 159,549 MWh in Q1 2020[10] - The total grid-connected electricity volume was 234,090 MWh, up 53.40% from 152,601 MWh in the same period last year[10] - The average on-grid electricity price was 0.4754 RMB/kWh, reflecting a significant increase in electricity sales[10] - The proportion of market-based electricity transactions increased to 38.60%, up from 24.78% in the same period last year, marking a 13.82 percentage point increase[11] - The company’s total electricity volume from market transactions was 90,360 MWh, a substantial increase of 138.99% from 37,809 MWh in Q1 2020[11] Tax and Financial Expenses - The company reported a tax expense of CNY 57,197,467.67 for Q1 2021, compared to CNY 30,042,667.39 in Q1 2020, which is an increase of about 90.4%[30] - The financial expenses for Q1 2021 were CNY -10,251,637.20, compared to CNY -4,237,683.43 in Q1 2020, indicating a higher cost of financing[32]