HDECL(SH:900937)2021-04-23 16:00Financial Performance - Operating revenue for the period was CNY 3,140,750,173.59, a decrease of 5.24% year-on-year[6] - Net profit attributable to shareholders was CNY 7,827,730.28, down 95.56% from the previous year[6] - Basic and diluted earnings per share were both CNY 0.004, a decrease of 95.56% year-on-year[7] - Total revenue for Q1 2021 was CNY 3,140,750,173.59, a decrease of 5.23% compared to CNY 3,314,499,413.44 in Q1 2020[28] - Net profit for Q1 2021 was CNY 29,763,530.88, a significant decrease from CNY 212,756,220.14 in Q1 2020[29] - The company reported an operating profit of CNY 36,680,985.67, down from CNY 231,787,218.75 in the previous year[29] - The net profit for Q1 2021 was -¥21,548,414.62, a significant decline from a net profit of ¥94,811,832.27 in Q1 2020, representing a year-over-year decrease of 122.73%[33] - The total comprehensive income for Q1 2021 was -¥8,133,602.27, down from ¥102,264,505.80 in Q1 2020[33] Cash Flow and Liquidity - Net cash flow from operating activities dropped by 77.01% to CNY 110,178,109.70 compared to the same period last year[6] - Cash and cash equivalents decreased by 37.63% to CNY 921,950,782.02 due to increased cash payments for coal purchases[12] - Cash flow from operating activities for Q1 2021 was ¥110,178,109.70, a decrease of 77.06% from ¥479,170,459.06 in Q1 2020[36] - The company reported cash and cash equivalents at the end of Q1 2021 of ¥912,570,755.10, down from ¥1,533,358,532.79 at the end of Q1 2020[37] - The cash flow from financing activities for Q1 2021 was -¥456,218,494.24, compared to -¥199,150,682.81 in Q1 2020, reflecting increased cash outflows[36] - The net cash flow from investing activities was -¥175,027,088.85, an improvement from -¥225,704,823.71 in Q1 2020[39] Assets and Liabilities - Total assets decreased by 3.92% to CNY 21,833,175,870.06 compared to the end of the previous year[6] - Total liabilities decreased to CNY 20,963,428,916.66 from CNY 21,913,146,571.91 at the end of 2020[23] - Current assets totaled CNY 3,647,421,475.24, down from CNY 4,269,389,406.92 at the end of 2020[21] - Long-term equity investments increased to CNY 1,566,427,917.16 from CNY 1,547,219,629.68 at the end of 2020[21] - The total assets as of Q1 2021 amounted to CNY 18,146,895,111.25, compared to CNY 18,757,270,698.46 in Q1 2020[26] - Total liabilities decreased to CNY 17,114,526,827.63 in Q1 2021 from CNY 17,720,642,277.78 in Q1 2020[26] - The company’s total equity was CNY 1,032,368,283.62, slightly down from CNY 1,036,628,420.68 in Q1 2020[26] Shareholder Information - The number of shareholders reached 166,102, with 107,888 holding A shares and 58,214 holding B shares[10] Operational Changes - The company appointed two new vice presidents to enhance governance and risk management capabilities[17] - The company plans to continue focusing on cost management and operational efficiency to improve profitability in future quarters[29] Other Financial Metrics - Investment income decreased by 96.79% to CNY 1,199,584.56, mainly due to reduced profits from the associate company Shenyang Jinshan Energy Co., Ltd.[14] - Non-operating income rose by 68.48% to CNY 2,204,645.84, attributed to penalties and late fees received from a lawsuit involving Harbin Third Power Plant[14] - Non-operating expenses decreased by 99.15% to CNY 21,042.51, due to tax penalties paid by Fularqi Thermal Power Plant in the previous reporting period[14] - Credit impairment losses increased by 66.67% to CNY 1,000,000, primarily due to the recovery of previously provisioned bad debts[14]