2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 10,422,048,736.30, representing a 5.83% increase compared to CNY 9,847,698,517.47 in the same period last year[2] - Net profit attributable to shareholders was CNY 2,254,068,497.48, a decrease of 21.33% from CNY 2,865,210,984.13 in the previous year[2] - The net profit after deducting non-recurring gains and losses was CNY 2,250,113,599.19, down 20.68% from CNY 2,836,839,025.17 year-on-year[2] - Basic and diluted earnings per share were both CNY 0.26, down 25.71% from CNY 0.35 in the same period last year[2] - The weighted average return on equity was 3.24%, a decrease of 1.14% from 4.38% in the previous year[2] - Operating profit decreased to CNY 3,302,807,988.89 from CNY 3,906,476,581.46, reflecting a decline of about 15.4%[17] - Net profit for the current period was CNY 2,700,239,847.60, down from CNY 3,243,612,797.62, indicating a decrease of approximately 16.8%[17] - Total comprehensive income for the current period was CNY 2,717,120,417.48, down from CNY 3,260,612,903.30, a decrease of about 16.6%[18] Cash Flow - The net cash flow from operating activities was CNY 2,531,171,690.44, reflecting a significant decline of 45.88% compared to CNY 4,677,016,599.22 in the previous year[2] - Cash flow from operating activities amounted to CNY 8,572,992,802.89, compared to CNY 6,579,448,686.43 in the previous period, showing an increase of approximately 30.3%[19] - The net cash flow from operating activities for Q1 2022 was CNY 2,531,171,690.44, a decrease of 46% compared to CNY 4,677,016,599.22 in Q1 2021[20] - The net cash flow from financing activities was CNY 2,647,178,538.74, compared to a negative cash flow of CNY 105,570,296.35 in Q1 2021[21] - Cash and cash equivalents at the end of Q1 2022 amounted to CNY 3,874,089,207.10, down from CNY 6,345,361,140.06 at the end of Q1 2021[21] - The total cash outflow for financing activities was CNY 38,172,246,303.19, an increase from CNY 31,835,545,852.19 in the previous year[21] - The company reported a cash inflow from borrowing of CNY 40,751,318,518.11, up from CNY 30,601,029,132.74 in Q1 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 208,762,260,049.98, an increase of 1.93% from CNY 204,803,502,677.71 at the end of the previous year[2] - The equity attributable to shareholders was CNY 68,060,516,448.98, showing a slight decrease of 0.22% from CNY 68,207,870,600.00 at the end of the previous year[3] - The total current assets increased to CNY 44.60 billion from CNY 40.17 billion, representing a growth of about 10.0%[13] - The total liabilities decreased to CNY 130.35 billion from CNY 126.71 billion, indicating a decrease of approximately 2.0%[14] - The company's equity attributable to shareholders decreased slightly to CNY 68.06 billion from CNY 68.21 billion, a decline of about 0.2%[15] - Long-term borrowings increased to CNY 55.53 billion from CNY 46.37 billion, reflecting an increase of approximately 19.0%[14] Non-Recurring Gains and Other Income - Non-recurring gains included CNY 8,493,971.82 from the disposal of non-current assets and CNY 10,110,584.54 from the net profit of subsidiaries prior to consolidation[5] - The company reported a significant increase in non-recurring gains related to investment income from entrusted financial management, amounting to approximately CNY 248.71 million[7] - Non-operating income increased by 215% year-on-year, primarily due to the recognition of carbon trading income and funds from previous equity acquisition payments[6] Investment and Expenses - Investment income decreased by 657% year-on-year, mainly due to increased losses from the associate company Guodian United Power Technology Co., Ltd.[6] - Research and development expenses increased to CNY 13,875,643.51 from CNY 12,352,289.54, reflecting an increase of about 12.3%[16] - The company experienced a loss in investment income of CNY -93,531,946.92, compared to a gain of CNY 16,781,409.81 in the previous period[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,602,432,800 shares, with the largest shareholder holding 54.91%[8] - The company completed the acquisition of assets from other subsidiaries of the State Energy Group in early January 2022, finalizing the registration of changes in business operations[11]