大唐发电(601991) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 25,094,878, representing a year-on-year increase of 13.36%[4] - Net profit attributable to shareholders was CNY 808,543, reflecting a growth of 14.53% compared to the same period last year[4] - Basic earnings per share were CNY 0.0242, an increase of 2.54% compared to the same period last year[4] - The total profit for Q1 2021 was CNY 1,387,030,000, compared to CNY 1,249,397,000 in Q1 2020, reflecting a growth of 11%[22] - Net profit attributable to shareholders of the parent company reached CNY 808,543,000, up 14.5% from CNY 705,969,000 in the same period last year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 767,168 thousand RMB, reflecting a 25.85% increase compared to 609,569 thousand RMB last year[35] - The company's operating profit for Q1 2021 was CNY 1,370,885,000, an increase from CNY 1,162,772,000 in the same quarter of the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 278,877,162, a decrease of 0.52% compared to the end of the previous year[4] - Total liabilities increased to 25,932,796 thousand RMB in Q1 2021 from 25,092,235 thousand RMB in Q1 2020, representing a rise of 3.3%[19] - Total assets amounted to approximately 278.88 billion RMB as of March 31, 2021[15] - Non-current assets totaled approximately 243.90 billion RMB as of March 31, 2021[15] - The company's total equity increased to RMB 92,404,624 thousand from RMB 91,392,556 thousand, reflecting a growth of 1.11%[47] Cash Flow - The net cash flow from operating activities was CNY 5,121,003, down 24.79% year-on-year[4] - Cash and cash equivalents rose to 2,174,885 thousand RMB as of March 31, 2021, compared to 1,100,694 thousand RMB at the end of 2020, marking an increase of 97.8%[18] - The company's operating cash flow net amount for the first quarter of 2021 was 5,121,003 thousand RMB, a decrease of 24.79% compared to 6,809,303 thousand RMB in the same period last year[35] - The cash flow from operating activities was CNY 25,996,620,000, compared to CNY 24,306,491,000 in the previous year, indicating a strong cash generation capability[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 209,230[7] - The largest shareholder, China Datang Corporation, held 6,540,706,520 shares, accounting for 35.34% of the total shares[7] - The total number of shareholders at the end of the reporting period was 209,230, with the top ten shareholders holding a combined 92.70% of shares[38] Research and Development - Research and development expenses increased by approximately 494.20% compared to the previous period, driven by increased R&D spending by subsidiaries[11] - The company reported a research and development expense of 820 thousand RMB in Q1 2021, significantly higher than 138 thousand RMB in Q1 2020, indicating a growth of 493.5%[21] Investment Income - Investment income increased by approximately 756.19% compared to the previous period, attributed to improved profitability of joint ventures[11] - The company reported a significant increase in investment income, which rose to CNY 291,583,000 from CNY 59,394,000 year-over-year[24] - The company recorded investment income of 263,808 thousand RMB in Q1 2021, compared to 30,812 thousand RMB in Q1 2020, indicating a substantial increase[52] Other Income and Expenses - The company received government subsidies amounting to CNY 31,802, which were included in the current profit and loss[6] - Other income increased by approximately 82.86% compared to the previous period, mainly due to an increase in government subsidies received[11] - Sales expenses increased by approximately 39.40% compared to the previous period, mainly due to freight and sales service fees paid by subsidiaries[11] - The company incurred a credit impairment loss of CNY 755,000, a decrease from CNY 60,000 in the previous year[22] - Credit impairment losses decreased by approximately 1,158.33% compared to the previous period, mainly due to the recovery of bad debts by subsidiaries[11]