Datang Power(SH:601991)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 29,799,681,000, an increase of 18.12% compared to RMB 25,228,901,000 in the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of RMB 409,163,000, representing a decrease of 144.32% compared to a profit of RMB 923,243,000 in the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 489,203,000, a decrease of 155.47% compared to RMB 881,868,000 in the same period last year[4] - The basic earnings per share were -0.0415 yuan, a decrease of 236.63% compared to 0.0304 yuan in the same period last year[5] - The total profit amounted to -132,724 thousand RMB, down from 1,502,695 thousand RMB in the same quarter last year[18] - The comprehensive income total was -312,446 thousand RMB, compared to 1,117,806 thousand RMB in the previous year, indicating a substantial decline[19] - The total operating costs increased to 29,830,329 thousand RMB from 24,073,304 thousand RMB, reflecting a year-over-year increase of approximately 24.5%[18] Cash Flow - The net cash flow from operating activities was RMB 5,519,401,000, an increase of 7.78% compared to RMB 5,121,003,000 in the same period last year[4] - The cash inflow from operating activities totaled 33,397,234 thousand RMB, up from 26,472,180 thousand RMB, reflecting a growth of about 26%[20] - The investment activities generated a net cash flow of -2,565,481 thousand RMB, worsening from -1,464,409 thousand RMB in the previous year[20] - The net cash flow from financing activities was -3,635,388 thousand RMB, compared to -2,757,268 thousand RMB in the previous year, indicating a decline in cash flow from financing[21] Assets and Liabilities - The total assets at the end of the reporting period were RMB 291,668,995,000, a decrease of 1.51% compared to RMB 296,135,629,000 at the end of the previous year[5] - The total liabilities were RMB 215,609,534 thousand, down from RMB 219,800,661 thousand in the previous year[17] - The total equity attributable to shareholders was RMB 61,997,844 thousand, slightly decreased from RMB 62,302,362 thousand[17] - The company's total current assets were reported at 45,637,102 thousand RMB, while total non-current assets were 250,498,527 thousand RMB[23] - The company's short-term borrowings stood at 39,277,353 thousand RMB, indicating a significant portion of liabilities is short-term[24] - The company's long-term borrowings were reported at 102,615,860 thousand RMB, contributing to the overall debt structure[24] Research and Development - The company's R&D expenses increased by 36.83%, indicating a commitment to enhancing research and development efforts[8] - Research and development expenses rose to 1,122 thousand RMB, up from 820 thousand RMB, indicating a 37% increase year-over-year[18] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable by 122.75%, primarily due to an increase in bill settlement ratios with the power grid company[8] - The company experienced a decrease in inventory by 42.46%, attributed to a decline in coal procurement prices compared to the previous quarter[8] - Accounts receivable increased to RMB 18,899,348 thousand from RMB 18,359,505 thousand year-over-year[15] - Inventory decreased to RMB 3,592,926 thousand from RMB 6,244,631 thousand in the previous year[15] Government Subsidies - The company received government subsidies amounting to RMB 49,006,000, mainly related to energy-saving renovation projects and tax reductions[6]