长源电力(000966) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,789,455,579.10, representing a 46.91% increase compared to ¥1,218,047,657.28 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2021 was ¥111,484,271.13, a significant increase of 260.28% from ¥30,943,761.50 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥110,838,487.77, up 268.85% from ¥30,049,840.75 year-on-year[7]. - Basic earnings per share for Q1 2021 were ¥0.1006, reflecting a 260.57% increase from ¥0.0279 in the same quarter last year[7]. - The weighted average return on equity increased to 2.64%, up from 0.74% in the previous year, marking a 1.90% increase[7]. - Net profit for Q1 2021 reached ¥114,698,437.6, a significant increase of 192.27% compared to the same period last year, driven by higher electricity generation and total profit[21]. - The total comprehensive income attributable to the parent company was CNY 111,484,271.13, compared to CNY 30,943,761.50 in the previous period, reflecting a significant increase[76]. - Basic and diluted earnings per share were both CNY 0.1006, up from CNY 0.0279 in the previous period[76]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,629,222,365.85, a slight decrease of 0.61% from ¥9,688,222,387.97 at the end of the previous year[7]. - Net assets attributable to shareholders increased to ¥4,271,945,694.29, a growth of 2.68% from ¥4,160,461,423.16 at the end of the previous year[7]. - Total liabilities decreased to ¥5,122,321,301.34 from ¥5,296,019,761.06, a reduction of about 3.3%[55]. - The company's total equity increased to ¥4,506,901,064.51 from ¥4,392,202,626.91, representing a growth of approximately 2.6%[58]. - Total non-current assets decreased to ¥8,182,864,323.33 from ¥8,226,941,368.76, reflecting a decline of approximately 0.5%[52]. - Short-term borrowings rose to ¥1,288,405,180.68 from ¥1,206,182,112.88, an increase of about 6.8%[52]. Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥297,240,883.97, down 5.55% from ¥314,709,939.13 in the same period last year[7]. - Cash received from operating activities in Q1 2021 was ¥2,246,483,526.04, an increase of 49.28% compared to the previous period, attributed to higher business income[24]. - The cash inflow from operating activities was 386,586,170.34 CNY, while the cash outflow was 436,955,860.79 CNY, resulting in a net cash flow from operating activities of -50,369,690.45 CNY, an improvement from -440,649,867.34 CNY in the previous period[91]. - The net cash flow from financing activities was -38,516,828.21 CNY for the current period, compared to -103,953,402.11 CNY for the previous period, indicating an improvement of approximately 63.0%[89]. Investments and Projects - The company plans to acquire 100% equity of Guodian Hubei Electric Power Co., Ltd. and has received approvals from the State-owned Assets Supervision and Administration Commission and the China Securities Regulatory Commission for this transaction[29]. - The company plans to increase capital in its wholly-owned subsidiary Jingzhou Thermal Power Co., Ltd. by CNY 74,216,000 for the construction of the Jingzhou Thermal Power Phase II expansion project, with a total static investment of CNY 238,377,000[32]. - The company awarded a project for the chemical water treatment system upgrade to its affiliate Beijing Langxin Ming Environmental Technology Co., Ltd. for CNY 43,571,275[31]. - The company awarded a procurement project for low-temperature economizers and thermal media heating equipment to Yantai Longyuan Electric Power Technology Co., Ltd. for CNY 28,500,000[33]. Operational Highlights - The company completed a total electricity generation of 4.67 billion kWh in the reporting period, with grid-connected electricity generation of 4.399 billion kWh, reflecting growth rates of 44.29% and 44.76% respectively year-over-year[25]. - Total operating costs amounted to ¥1,629,516,666.84, compared to ¥1,148,972,899.32 in the prior period, indicating an increase of about 42%[69]. - Research and development expenses were recorded at ¥11,320.74, indicating ongoing investment in innovation[69]. Financial Management - The company is focusing on improving its cash flow management and reducing short-term liabilities to strengthen its financial position[60]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[60]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[72].