英力特(000635) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥496,967,966.57, representing a 24.29% increase compared to ¥399,858,798.44 in the same period last year[8]. - The net profit attributable to shareholders decreased by 66.42% to ¥12,480,779.26 from ¥37,172,770.69 year-on-year[8]. - The company's operating costs rose by 39.45% to ¥446,000,277.67, driven by increased sales volume and rising electricity prices[18]. - The total operating revenue for the first quarter was CNY 496,967,966.57, an increase of 24.3% compared to CNY 399,858,798.44 in the same period last year[44]. - The net profit for the quarter was CNY 12,480,779.26, a decrease of 66.5% from CNY 37,172,770.69 in the previous year[45]. - The basic and diluted earnings per share were both CNY 0.04, down from CNY 0.12 in the same quarter last year[46]. - Operating revenue for the current period reached ¥496,352,211.68, an increase of 24.5% compared to ¥398,997,533.36 in the previous period[48]. - Net profit for the current period was ¥12,904,989.24, down 65.6% from ¥37,503,388.07 in the previous period[49]. - Operating profit decreased to ¥17,432,966.31, a decline of 65.3% from ¥50,231,154.22 in the previous period[48]. Cash Flow - The net cash flow from operating activities was negative at -¥72,306,115.48, a decrease of 197.50% compared to a positive cash flow of ¥74,161,031.18 in the previous year[8]. - Cash flow from operating activities showed a net outflow of ¥72,306,115.48, compared to a net inflow of ¥74,161,031.18 in the previous period[52]. - The net cash flow from investing activities increased significantly by ¥253,955,772.28 to ¥3,866,903.61, due to increased cash recovered from investments[19]. - Cash inflow from investment activities was ¥403,522,000.00, significantly higher than ¥1,147,000.00 in the previous period[53]. - The cash outflow for purchasing fixed assets and other long-term assets was ¥1,655,096.39, compared to ¥1,235,868.67 in the previous period[53]. - The net cash flow from investment activities was 3,866,903.61 CNY, a significant improvement compared to a negative cash flow of -250,088,868.67 CNY in the same period last year[56]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,119,187,167.19, a slight decrease of 0.53% from ¥3,135,961,416.35 at the end of the previous year[8]. - The company's current assets totaled CNY 1,286,389,127.28, an increase of 2.5% from CNY 1,256,081,523.96 at the end of 2018[35]. - Cash and cash equivalents decreased to CNY 78,142,187.11 from CNY 146,581,398.98, representing a decline of 46.6%[34]. - Total liabilities decreased to CNY 461,812,681.05 from CNY 491,067,709.47, a reduction of 5.9%[36]. - The company's equity attributable to shareholders increased to CNY 2,657,374,486.14, up from CNY 2,644,893,706.88, reflecting a growth of 0.5%[37]. - The total assets of the company were CNY 3,141,115,499.90, slightly down from CNY 3,157,665,713.37 at the end of the previous quarter[41]. - The total liabilities decreased to CNY 458,285,258.73 from CNY 487,740,461.44, reflecting a reduction of 6.0%[41]. - The company reported a total asset value of 3,135,961,416.35 CNY, with total liabilities amounting to 491,067,709.47 CNY, resulting in total equity of 2,644,893,706.88 CNY[59]. Investments and Derivatives - The company has engaged in derivative investments, specifically a PVC hedging operation with an initial investment of 500,000 yuan[26]. - The derivative investment was fully funded by the company's own capital[26]. - The company has established a comprehensive risk control system for its derivative investments, with a maximum margin for PVC hedging not exceeding CNY 50 million[34]. - No significant changes occurred in the accounting policies for derivatives compared to the previous reporting period[34]. - The company has no significant securities investments during the reporting period[24]. Corporate Structure and Governance - The merger between China Guodian Corporation and Shenhua Group has been completed, with the new parent company being State Energy Group, effective from February 5, 2018[20]. - The merger was approved by the State Administration for Market Regulation, allowing the consolidation to proceed without restrictions[20]. - The actual controller of the company has changed from Guodian Group to State Energy Group, while the ultimate controller remains the State-owned Assets Supervision and Administration Commission[21]. - State Energy Group has committed to maintaining operational independence and avoiding substantial competition with the listed company post-merger[22]. - The company has implemented measures to avoid unnecessary related party transactions post-merger[22]. - There are no overdue commitments from the actual controller or related parties during the reporting period[23]. - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[30]. Miscellaneous - The company has not reported any expected significant changes in net profit for the first half of 2019[24]. - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[62]. - The company’s retained earnings stood at 354,830,326.88 CNY, reflecting the accumulated profits available for distribution[59].