湖北能源(000883) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,092,727,445.60, a decrease of 24.41% compared to CNY 5,414,265,561.14 in the same period last year[2]. - Net profit attributable to shareholders was CNY 310,655,462.20, down 43.69% from CNY 551,655,273.06 year-on-year[2]. - The company reported a net investment income of CNY 114,848,988.70, down from CNY 130,394,646.74, reflecting a decrease of about 11.8%[20]. - The net profit for the current period is CNY 396,234,985.51, a decrease from CNY 635,999,078.57 in the previous period, representing a decline of approximately 37.6%[21]. - The company reported a total comprehensive income of CNY 377,463,490.98, compared to CNY 623,474,074.60 in the previous period, a decline of around 39.4%[21]. - The operating profit for the current period is CNY 440,076,027.54, down from CNY 789,375,880.52 in the previous period, indicating a decrease of about 44.3%[21]. - The company's basic earnings per share for the current period is CNY 0.05, compared to CNY 0.08 in the previous period, reflecting a decline of 37.5%[21]. Cash Flow - The net cash flow from operating activities was CNY 2,287,620,428.94, a decline of 29.21% compared to CNY 3,231,396,803.02 in the previous year[2]. - Net cash flow from operating activities for the period was CNY 2,287,620,428.94, a decrease of CNY 943,776,374.08 or 29.21% compared to the same period last year, mainly due to reduced electricity generation and increased coal purchase costs[10]. - The net cash flow from investing activities for the period was CNY -1,543,516,685.52, a decrease of CNY 922,205,362.39 or 148.43% year-on-year, primarily due to increased fixed asset investments[10]. - The net cash flow from financing activities for the period was CNY 1,232,222,565.44, an increase of CNY 2,335,022,764.72 compared to CNY -1,102,800,199.28 in the same period last year, mainly due to an increase in new borrowings[10]. - The net cash flow from investing activities is CNY -1,543,516,685.52, compared to CNY -621,311,323.13 in the previous period, indicating a worsening of investment cash flow[24]. - The net cash flow from financing activities is CNY 1,232,222,565.44, a significant improvement from CNY -1,102,800,199.28 in the previous period[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 81,693,825,836.15, an increase of 2.79% from CNY 79,474,884,463.23 at the end of the previous year[2]. - Current liabilities totaled CNY 14,036,868,276.41, slightly down from CNY 14,323,658,700.96, showing a decrease of about 2.0%[18]. - Long-term borrowings rose to CNY 24,733,721,932.34 from CNY 22,640,068,856.94, marking an increase of approximately 9.2%[18]. - The company's equity attributable to shareholders increased to CNY 31,023,466,893.01 from CNY 30,688,771,076.34, a growth of about 1.1%[19]. - The company's inventory increased to CNY 796,612,258.61 from CNY 660,394,439.03, representing a rise of approximately 20.6%[19]. - The deferred tax assets decreased to CNY 882,276,439.08 from CNY 897,271,410.99, indicating a decline of about 1.7%[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 95,523[12]. - Hubei Hongtai Group Co., Ltd. held 27.35% of shares, while China Yangtze Power Co., Ltd. held 25.36%[12]. - China Yangtze Power Co., Ltd. plans to increase its shareholding in the company by acquiring no less than 0.5% and no more than 1% of the total issued shares within six months starting from February 22, 2023[14]. - The company plans to repurchase and cancel 1,442,200 restricted shares due to the disqualification of four incentive targets[15]. Government Subsidies and Other Income - The company recognized government subsidies amounting to CNY 68,711,658.97, primarily related to heating connection subsidies and industrial support funds[4]. - Other income for the period amounted to CNY 41,177,946.99, an increase of CNY 33,863,140.87 or 462.94% compared to the same period last year, mainly due to the recognition of heating connection subsidies[10]. Impairment and Costs - Credit impairment losses for the period were CNY -8,195,898.42, a decrease of CNY 13,495,405.61 or 254.65% year-on-year, primarily due to the provision for bad debts related to subsidized electricity fees[10]. - The company reported a decrease in operating costs to CNY 3,451,534,845.56, a reduction of 22.14% from CNY 4,433,118,213.17 year-on-year[8]. - Total operating costs for the current period amount to CNY 3,787,038,624.19, down from CNY 4,778,921,170.95, indicating a reduction of about 20.8%[20]. - The company incurred asset impairment losses of CNY 19,985,300.82 during the current period[21].