中绿电(000537) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥791,751,689.09, a decrease of 85.26% compared to the same period last year[3] - Net profit attributable to shareholders was ¥135,410,397.02, down 79.27% year-over-year[3] - Basic earnings per share were ¥0.07, a decline of 80% from the same period last year[3] - The net profit for Q1 2022 was CNY 170,113,662.35, a decrease from CNY 709,979,810.64 in the same period last year, representing a decline of approximately 76%[23] - Operating profit for Q1 2022 was CNY 187,799,732.56, down from CNY 893,898,209.43 in the previous year, indicating a decrease of about 79%[23] - The total comprehensive income attributable to the parent company was CNY 135,410,397.02, a decrease from CNY 653,309,877.40 in the previous year[23] Cash Flow and Assets - The net cash flow from operating activities was -¥11,142,486,900.09, representing a decrease of 7,437.82% compared to the previous year[3] - Cash flow from operating activities showed a net outflow of CNY -11,142,486,900.09, compared to a net inflow of CNY 151,850,009.76 in the same period last year[24] - Total cash inflow from investment activities was CNY 16,347,093,400.00, significantly higher than CNY 194,740,384.72 in the previous year[24] - The net cash flow from investment activities was CNY 15,865,612,048.72, a substantial improvement from CNY -1,143,409,968.41 in the same period last year[24] - The net cash flow from financing activities was CNY -5,367,432,755.77, compared to CNY -1,793,879,188.94 in the previous year, indicating increased cash outflows[25] - Cash and cash equivalents decreased to CNY 6,298,617,664.33 from CNY 6,942,925,083.25, a decline of about 9.3%[20] - The ending balance of cash and cash equivalents was CNY 6,283,192,639.27, down from CNY 6,852,315,123.87 at the end of the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥38,425,095,875.43, down 66.20% from the end of the previous year[3] - Total assets as of March 31, 2022, were CNY 38,425,095,875.43, down from CNY 113,688,793,043.84 at the beginning of the year, representing a decrease of approximately 66.2%[22] - Total liabilities decreased to CNY 21,129,976,306.09 from CNY 89,314,996,815.72, indicating a reduction of about 76.4%[22] - The company's equity attributable to shareholders decreased to CNY 16,085,529,015.00 from CNY 22,795,415,446.09, a decline of approximately 29.5%[22] Operational Performance - The company experienced a significant decline in wind resource levels in certain regions, leading to reduced power generation compared to the previous year[6] - In Q1 2022, the company achieved a total power generation of 1.771 billion kWh, a decrease of 8.01% year-on-year[9] - Wind power generation was 1.484 billion kWh, down 12.28% year-on-year, primarily due to lower average wind speeds[9] - Solar power generation increased by 16.13% year-on-year to 271 million kWh, attributed to an increase in installed capacity[9] Strategic Initiatives - The company is focusing on expanding its market presence and enhancing product development as part of its strategic initiatives for the upcoming quarters[19] - Future guidance indicates a cautious outlook due to market conditions, with an emphasis on cost management and operational efficiency[19] Shareholder Information - The largest shareholder, Luneng Group Co., Ltd., holds 76.13% of the shares, totaling 1,417,909,637 shares[7] Asset Restructuring - The company underwent an asset restructuring that resulted in a merger under common control, affecting the financial data from the previous year[6] - The company completed the transfer of related assets on January 10, 2022, as part of a major asset restructuring[13] - The net profit from the restructured assets during the transition period was approximately 19.02 million RMB, increasing net assets by about 17.54 million RMB[13] - A new subsidiary, Jiangxi Luneng New Energy Co., Ltd., was established with a registered capital of 20 million RMB to enhance market layout[14] - The company’s subsidiary, Qinghai Geermu Luneng New Energy Co., Ltd., was selected for a 50 MW/600 MWh liquid air energy storage demonstration project[15] - The company provided a guarantee of up to 113.6 million RMB for its subsidiary's financing needs[16] Non-Recurring Gains and Losses - Non-recurring gains and losses included government subsidies of ¥140,379.33 and income from entrusted operations of ¥1,891,530.96[4]