CNNP(SH:601985)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 67.93% to CNY 1.79 billion year-on-year[5] - Operating revenue grew by 26.06% to CNY 13.75 billion compared to the same period last year[5] - Basic earnings per share increased by 50.00% to CNY 0.102[5] - The total profit for the period was 4.068 billion RMB, reflecting a year-on-year growth of 55.81%, attributed to increased power generation revenue and reduced financial expenses[11] - The net profit reached 3.325 billion RMB, up 68.61% year-on-year, driven by the increase in total profit and a lower growth rate in income tax expenses[11] - The net profit after deducting non-recurring gains and losses increased by 71.69% to CNY 1.79 billion[5] - The company’s total comprehensive income for Q1 2021 was ¥3,315,313,542.39, compared to ¥1,972,683,713.63 in Q1 2020, indicating strong overall performance[22] Assets and Liabilities - Total assets increased by 2.11% to CNY 389.79 billion compared to the end of the previous year[5] - The total liabilities increased to ¥270.90 billion from ¥265.26 billion, reflecting a growth of approximately 2.48%[17] - Non-current liabilities totaled ¥212.68 billion, compared to ¥210.63 billion in the previous period, reflecting an increase of about 0.97%[17] - Current liabilities rose to ¥58.23 billion, up from ¥54.63 billion, indicating a growth of approximately 6.06%[16] - The total equity increased to ¥118.89 billion from ¥116.49 billion, marking a growth of about 2.06%[17] - The company's goodwill remained stable at ¥1.62 billion, unchanged from the previous period[16] Cash Flow - Cash flow from operating activities increased by 1.31% to CNY 6.07 billion compared to the previous year[5] - The company reported a net cash outflow from investing activities of 5.872 billion RMB, an increase of 109.13% compared to the previous period, due to higher cash payments for long-term assets and investments[13] - The financing activities generated a net cash inflow of 1.144 billion RMB, a significant increase of 400.22% compared to the previous period, mainly due to increased financing received[13] - The cash inflow from operating activities was significantly higher than the previous year, reflecting improved operational efficiency[30] Shareholder Information - The total number of shareholders reached 399,882 by the end of the reporting period[9] - The largest shareholder, China National Nuclear Corporation, holds 64.11% of the shares[9] Investment and R&D - The company completed the acquisition of China Nuclear Huineng Co., Ltd. in December 2020, which is reflected in the financial adjustments[6] - Research and development expenses for Q1 2021 were ¥190,464,031.38, compared to ¥179,479,552.29 in Q1 2020, indicating a focus on innovation[21] Inventory and Receivables - The company's accounts receivable increased to 0.98 billion RMB, a rise of 37.34% year-on-year, due to an increase in electricity bill settlement notes received[11] - Other receivables rose to 6.97 billion RMB, up 37.21% from the previous year, mainly due to an increase in VAT refund claims[11] - The company reported a total of ¥20,172,633,000.69 in inventory as of Q1 2021, remaining stable compared to previous periods[33]