Datang Power(SH:601991)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 28,049,510, a decrease of 5.88% compared to CNY 29,799,681 in the same period last year[5] - Net profit attributable to shareholders of the listed company was CNY 136,945, a significant increase of 133.09% from a loss of CNY 409,163 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 47,532, up 109.62% from a loss of CNY 489,203 in the same period last year[5] - The total profit for Q1 2023 was 227,071, compared to a loss of 133,781 in Q1 2022[21] - Net profit for Q1 2023 was 4,986, a significant improvement from a net loss of 409,043 in Q1 2022[21] - Other comprehensive income after tax for Q1 2023 was 192,122, compared to 91,928 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was CNY 3,509,427, down 36.43% from CNY 5,519,401 in the previous year[6] - Cash flow from operating activities for Q1 2023 was 3,509,427, down 36.4% from 5,520,325 in Q1 2022[23] - Cash flow from investing activities for Q1 2023 was -2,910,603, compared to -2,573,510 in Q1 2022[24] - Cash flow from financing activities for Q1 2023 was -1,401,166, an improvement from -3,634,793 in Q1 2022[24] - The ending cash and cash equivalents balance for Q1 2023 was 8,724,970, down from 10,375,854 in Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 304,117,559, a slight decrease of 0.33% from CNY 305,052,475 at the end of the previous year[6] - The company's current assets totaled RMB 43,817,199 thousand, compared to RMB 43,089,241 thousand at the end of 2022, reflecting an increase of approximately 1.69%[16] - The total liabilities decreased from RMB 228,827,927 thousand to RMB 216,422,486 thousand, indicating a reduction of about 5.43%[18] - The company's long-term borrowings increased from RMB 108,721,962 thousand to RMB 114,413,677 thousand, reflecting a rise of about 5.06%[18] - Current liabilities reached RMB 102,428,935,000, with short-term borrowings accounting for RMB 37,431,025,000[29] - Total liabilities were reported at RMB 228,740,784,000, with non-current liabilities comprising RMB 126,311,849,000[29] Shareholder Equity - Equity attributable to shareholders of the listed company increased by 18.47% to CNY 74,172,929 from CNY 62,616,466 at the end of the previous year[6] - The company's equity attributable to shareholders increased from RMB 62,609,195 thousand to RMB 74,172,929 thousand, representing a growth of approximately 18.54%[18] - Shareholders' equity totaled RMB 76,311,691,000, with a retained earnings deficit of RMB 12,928,962,000[29] Investment and Subsidies - The company received government subsidies amounting to CNY 71,122 related to energy-saving renovation projects, contributing positively to the financial results[9] - Investment income increased by 287.01% due to improved performance from associated companies during the reporting period[10] - The company issued perpetual bonds, resulting in a net cash flow from financing activities increasing by 61.45%[10] Other Information - The company has a significant shareholder, China Datang Group, which holds approximately 53.09% of the total issued shares[13] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[14] - The company reported a total non-current asset value of RMB 261,963,234,000, which includes fixed assets of RMB 191,387,438,000[28] - The company holds long-term equity investments valued at RMB 19,739,737,000[27] - The company has a total of RMB 4,282,756,000 in inventory as of the reporting date[26] - The total receivables, including accounts receivable, amounted to RMB 18,059,107,000[26]