甘肃能源(000791) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥359,635,808.13, representing a 16.58% increase compared to the same period last year[8]. - The net profit attributable to shareholders was -¥29,179,759.16, an improvement of 68.67% from -¥93,800,792.36 in the previous year[8]. - The company's operating revenue increased by 16.58% year-on-year, reaching ¥359,635,808.13, primarily due to an increase in electricity generation and sales revenue[21]. - The net profit improved by 69.50% year-on-year, amounting to -¥29,545,771.13, attributed to higher electricity generation and sales revenue[21]. - The operating profit was reported at CNY -26,147,595.32, an improvement compared to CNY -92,883,147.90 in the previous period[57]. - The net profit for the quarter was CNY -29,545,771.13, which is less than the net loss of CNY -96,860,617.26 from the same period last year[59]. - The company's net profit for the current period is -5,992,806.34 yuan, an improvement from -6,722,732.58 yuan in the previous period, indicating a reduction in losses by approximately 10.8%[67]. Cash Flow - The net cash flow from operating activities decreased by 21.07% to ¥335,150,058.91 compared to ¥426,131,770.60 in the same period last year[8]. - The cash flow from operating activities showed a net increase of ¥96,087,127.76, a significant change of -128.43% compared to the previous year, mainly due to reduced loan repayments[23]. - The total cash flow from operating activities is 335,150,058.91 yuan, a decline from 424,621,076.41 yuan in the previous period, reflecting a decrease of approximately 21.0%[70]. - The net cash flow from operating activities was -4,007,653.67, compared to -2,818,515.54 in the previous period, indicating a decline of approximately 42.1%[75]. Assets and Liabilities - Total assets at the end of the reporting period were ¥18,974,872,001.59, a decrease of 0.86% from the previous year-end[8]. - The net assets attributable to shareholders decreased by 0.48% to ¥5,991,555,375.16 compared to the previous year-end[8]. - The total liabilities decreased significantly, with a notable reduction in accounts payable and tax liabilities, indicating improved cash flow management[21]. - The total liabilities decreased to CNY 12,807,122,729.13 from CNY 12,943,078,084.17, marking a decline of about 1.05%[43]. - The total current liabilities decreased to CNY 1,582,702,186.43 from CNY 1,720,811,707.13, a reduction of approximately 8.03%[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,412[12]. - The largest shareholder, Gansu Electric Power Investment Group Co., Ltd., holds 62.54% of the shares[12]. Investment and Financing Activities - The company completed the acquisition of 92.95% of Zhangye Longhui Hydropower Development Co., Ltd. and 100% of Lianfeng Hydropower Development Co., Ltd. in 2018, which were included in the consolidated financial statements[9]. - Short-term borrowings were introduced, totaling ¥35,000,000.00, as a result of increased loans from financial companies[21]. - The company plans to publicly transfer 40% equity of its subsidiary, with a book value of ¥4,240,158.68, as part of its strategic adjustments[25]. Earnings Per Share - Basic and diluted earnings per share improved to -¥0.0215, a 68.61% increase from -¥0.0966 in the previous year[8]. - The basic earnings per share improved by 68.61% to -0.0215, reflecting the changes in net profit[23]. - The basic and diluted earnings per share were both reported at CNY -0.0215, an improvement from CNY -0.0685 in the previous period[59]. Other Financial Metrics - The company recorded a 127.14% increase in investment income, totaling ¥17,148,227.60, due to improved profitability of associated companies[21]. - The company's financial expenses decreased by 6.38% to ¥136,259,549.54, primarily due to reduced bank loans and interest expenses[21]. - The investment income for the quarter was CNY 17,148,227.60, up from CNY 7,549,592.51, indicating a significant increase of approximately 127%[57]. - The financial expenses decreased to CNY 136,259,549.54 from CNY 145,550,946.04, showing a reduction of about 6.5%[57].