长源电力(000966) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥3,923,397,781.52, an increase of 6.92% compared to ¥3,669,332,673.53 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥221,492,612.67, representing a significant increase of 176.94% from ¥79,978,287.35 in the previous year[4] - Basic earnings per share for Q1 2023 were ¥0.0806, an increase of 170.47% compared to ¥0.0298 in the previous year[4] - Total profit for Q1 2023 reached ¥327,009,600.29, up 142.54% compared to the previous year[38] - The total comprehensive income for the current period is 226,561,978.33, up from 103,567,056.66 in the previous period[57] Cash Flow - The net cash flow from operating activities for Q1 2023 was ¥439,079,479.14, up 16.91% from ¥375,565,646.79 in the same period last year[4] - The net cash flow from financing activities for Q1 2023 was ¥769,906,418.87, an increase of 158.53% compared to the previous year[16] - Cash inflow from operating activities totaled 5,000,590,532.59, an increase from 4,119,381,605.00 in the previous period[57] - Cash inflow from financing activities reached 4,587,004,875.98, up from 1,864,098,666.39, representing a growth of approximately 146.5%[58] - The ending cash and cash equivalents balance was 249,074,580.77, compared to 125,108,566.08 in the previous period, reflecting an increase of approximately 99.0%[58] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥31,807,129,808.05, reflecting a growth of 3.16% from ¥30,834,062,684.52 at the end of the previous year[4] - The total liabilities amounted to CNY 21.70 billion, compared to CNY 20.98 billion in the previous period, reflecting an increase of about 3.4%[55] - The company’s non-current assets totaled CNY 28.08 billion, an increase from CNY 26.85 billion in the previous period, showing a growth of approximately 4.6%[54] Investment and Expenses - The company's R&D expenses for Q1 2023 were ¥63,716.77, a decrease of 97.54% compared to the previous period, primarily due to some R&D activities not being conducted[12] - The company reported an investment loss of ¥2,784,148.68 for Q1 2023, a decrease of 161.15% year-on-year, attributed to reduced net profits from associated enterprises[12] - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was ¥1,247,206,338.57, an increase of 69.48% year-over-year due to new infrastructure project investments[40] - The financial expenses for the current period are 81,439,362.98, down from 90,618,130.76 in the previous period[56] Operational Highlights - Operating profit for Q1 2023 was ¥325,867,504.28, an increase of 144.2% year-over-year, driven by higher electricity generation and lower coal prices[38] - The company completed a total electricity generation of 8.647 billion kWh, and grid-connected electricity of 8.231 billion kWh, representing increases of 6.37% and 5.77% respectively compared to the same period last year[43] - The company is focusing on expanding its renewable energy projects, particularly in photovoltaic power generation, as part of its growth strategy[45] Management and Governance - The company has appointed Wang Dong as the new chairman following the resignation of Zhao Hu and Ren Dejun, indicating a leadership transition[45]