长源电力(000966) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,669,332,673.53, representing a 19.91% increase compared to ¥1,789,455,579.10 in the same period last year[3]. - Net profit attributable to shareholders decreased by 52.39% to ¥79,978,287.35 from ¥111,484,271.13 year-on-year[3]. - The basic earnings per share fell by 54.78% to ¥0.0298 from ¥0.1006 in the previous year[3]. - The company's total profit for Q1 2022 was ¥134,827,354.80, a decrease of 48.67% compared to the previous year[9]. - Net profit for Q1 2022 was CNY 81,210,562.91, a decrease of 52.58% compared to the previous period, primarily due to rising coal prices[11]. - Net profit attributable to the parent company was CNY 79,978,287.35, down 52.39% year-on-year, mainly due to increased coal prices[11]. - Total comprehensive income attributable to the parent company was CNY 102,334,781.1, a decrease of 58.18% compared to the previous period, driven by lower net profit and other comprehensive income[11]. - Basic earnings per share for Q1 2022 was CNY 0.0298, a decrease of 54.78% compared to the previous period, primarily due to rising coal prices[11]. Assets and Liabilities - Total assets at the end of the reporting period were ¥22,041,929,420.73, a decrease of 5.62% from ¥23,354,372,796.80 at the end of the previous year[3]. - The company's total liabilities increased by 103.32% in other payables, amounting to ¥843,295,707.09, primarily due to unpaid factoring payments[8]. - The company reported a decrease of 100% in bonds payable, reflecting the reclassification of bonds due within one year to current liabilities[8]. - Total liabilities decreased to CNY 12,397,950,769.73 from CNY 13,813,961,202.46, a reduction of 10.2%[29]. Cash Flow - The company's cash flow from operating activities was ¥375,565,646.79, showing a 56.81% increase compared to ¥239,500,538.26 in the same period last year[3]. - Operating cash flow net amount for Q1 2022 was CNY 375,565,646.79, an increase of 56.81% year-on-year, mainly due to reduced tax payments[12]. - Cash inflow from investment activities totaled CNY 719,280,090.49, an increase of 29,675.88% year-on-year, mainly due to the receipt of remaining property distribution from Guodian Financial Co., Ltd.[11]. - Cash outflow from investment activities was CNY 736,095,892.29, an increase of 239.03% year-on-year, attributed to increased investment in infrastructure projects[12]. - The ending balance of cash and cash equivalents is ¥125,108,566.08, down 60.32% from ¥315,588,484.47 in the previous period[37]. Research and Development - Research and development expenses surged by 3337.82% to ¥2,588,970.88, indicating a significant increase in investment in R&D[9]. - Research and development expenses for Q1 2022 were CNY 2,588,970.88, significantly higher than CNY 75,308.56 in Q1 2021, indicating a focus on innovation[32]. Operational Metrics - The company completed a total power generation of 8.13 billion kWh during the reporting period, a decrease of 0.97% year-on-year[19]. - The company reported a total current assets of RMB 3,076,439,558.96 at the end of the period, down from RMB 3,962,589,169.57 at the beginning of the year, indicating a decrease of approximately 22.4%[26]. - Accounts receivable increased to RMB 1,509,365,440.60 from RMB 1,214,574,279.32, reflecting an increase of approximately 24.3%[26]. - Inventory decreased to RMB 450,918,035.67 from RMB 848,954,662.99, showing a reduction of about 46.9%[26]. Investments and Financing - The company plans to invest RMB 25,624 million in its subsidiary for the construction of a 200MW photovoltaic project, with a total planned capacity of 298,642.5 kW[24]. - The company successfully raised RMB 1,188,679,243.50 in net funds from a share issuance, with all funds utilized by February 28, 2022[22]. - The company is planning to acquire 100% equity of a subsidiary from its parent company, with a total fundraising target of up to RMB 120,000 million[22]. - The company awarded a project for a wastewater zero discharge system with a bid amount of RMB 10,177.17 million to a related party[24].