赣能股份(000899) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥541,277,387.31, a decrease of 16.94% compared to the same period last year[10]. - The net profit attributable to shareholders was ¥58,553,387.36, down 31.02% year-on-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,989,468.64, a decline of 33.24% compared to the previous year[10]. - Basic earnings per share were ¥0.0600, down 31.03% year-on-year[10]. - Total revenue decreased by 16.94% to ¥541,277,387.31 from ¥651,643,761.95, primarily due to a reduction in electricity sales[25]. - Operating profit declined by 26.62% to ¥77,789,983.33 from ¥106,007,222.43, attributed to decreased electricity sales and investment income[25]. - The net profit for the current period is CNY 58,965,490.01, compared to CNY 84,886,630.48 in the previous period, reflecting a decline of about 30.6%[73]. - The total profit for the current period is CNY 77,899,694.14, down from CNY 105,898,250.72, reflecting a decline of approximately 26.4%[73]. - Total comprehensive income for the period was CNY 58,965,490.01, compared to CNY 84,886,630.48 in the previous period, indicating a decrease[76]. Cash Flow - The net cash flow from operating activities was ¥69,694,113.05, representing a significant drop of 68.90% from the same period last year[10]. - Net cash flow from operating activities fell by 68.90% to ¥69,694,113.05 from ¥224,066,328.66, mainly due to reduced cash receipts from sales[25]. - Cash inflow from sales of goods and services was CNY 532,119,225.27, compared to CNY 727,766,082.88 in the previous period, reflecting a decrease of about 26.8%[77]. - Total cash outflow from operating activities was CNY 471,116,428.52, down from CNY 510,008,483.59 in the previous period, showing a reduction of approximately 7.6%[79]. - Cash inflow from investment activities totaled CNY 616,417,769.20, an increase from CNY 499,556,593.72 in the previous period, marking a growth of approximately 23.4%[79]. - Net cash flow from investment activities was CNY 269,049,118.37, a recovery from a negative CNY 732,554,272.90 in the previous period[79]. - Cash flow from financing activities resulted in a net outflow of CNY 8,323,478.48, an improvement from a larger outflow of CNY 228,929,825.83 in the previous period[79]. - The ending balance of cash and cash equivalents was CNY 548,219,609.39, up from CNY 429,012,719.46 in the previous period, indicating an increase of approximately 27.8%[83]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,384,518,255.18, an increase of 0.45% from the end of the previous year[10]. - The total liabilities amounted to CNY 2,528,370,185.32, slightly down from CNY 2,555,101,463.13 year-over-year[60]. - Current assets totaled CNY 1,305,728,106.93, an increase from CNY 1,239,681,220.88 in the previous year[54]. - Long-term borrowings increased to CNY 701,767,165.28 from CNY 573,588,079.16, reflecting a growth of approximately 22%[60]. - The total equity attributable to shareholders reached CNY 4,842,395,086.99, up from CNY 4,783,429,596.98, indicating a growth of about 1.2%[60]. - The total amount of short-term borrowings was CNY 1,516,740,912.51, indicating significant leverage[91]. - The company's total liabilities reached CNY 2,555,557,556.45, with current liabilities at CNY 1,980,433,701.17[91]. Investments and Income - The company reported investment income of ¥3,683,548.73 from financial products purchased[10]. - Investment income for the current period is CNY 5,839,819.53, significantly lower than CNY 23,220,714.32 from the previous period, marking a decline of about 74.9%[70]. - The company received government subsidies amounting to ¥243,305.70 during the reporting period[10]. - The company's undistributed profits rose to CNY 1,070,363,803.64 from CNY 1,011,398,313.63, an increase of approximately 5.8%[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,169[14]. - The company has no overdue commitments from major shareholders or related parties during the reporting period[30]. - The total owner's equity attributable to the parent company was CNY 4,783,235,110.19[94]. Operational Updates - The company is progressing with the expansion project of the Jiangxi Fengcheng Power Plant, which was officially resumed in March 2020[26]. - There were no significant securities investments or derivative investments during the reporting period[31][34]. Miscellaneous - The first quarter report for 2020 was not audited, which may affect the reliability of the financial data presented[98]. - The company has not made any adjustments to the financial statements for the new revenue and leasing standards[97].