2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥9,859,568,371.54, a decrease of 5.40% compared to the previous year[3] - Net profit attributable to shareholders was ¥2,334,753,937.38, representing an increase of 3.59% year-on-year[3] - Total operating revenue for Q1 2023 was CNY 9,859,568,371.54, a decrease of 5.4% compared to CNY 10,422,379,807.54 in the same period last year[19] - Net profit for Q1 2023 was CNY 3,141,886,175.38, compared to CNY 3,302,583,045.57 in the previous year, indicating a decline of 4.9%[19] - Total revenue for Q1 2023 was approximately ¥3.15 billion, a slight decrease from ¥3.33 billion in Q1 2022, representing a year-over-year decline of about 5.2%[20] - Net profit for Q1 2023 was approximately ¥2.63 billion, compared to ¥2.70 billion in Q1 2022, reflecting a decrease of about 2.6%[20] - The total comprehensive income for Q1 2023 was approximately ¥2.66 billion, slightly down from ¥2.72 billion in Q1 2022, a decrease of about 2.1%[20] Cash Flow - The net cash flow from operating activities increased by 51.79% to ¥3,837,371,896.71, primarily due to a significant decrease in cash paid for coal procurement[3] - Operating cash flow for Q1 2023 was approximately ¥3.84 billion, an increase of about 51.7% from ¥2.53 billion in Q1 2022[21] - Cash and cash equivalents as of March 31, 2023, were CNY 18,982,282,736.44, down from CNY 20,493,111,825.52 at the beginning of the year[16] - Cash and cash equivalents at the end of Q1 2023 totaled approximately ¥16.84 billion, up from ¥3.36 billion at the end of Q1 2022[22] - The company reported a net cash outflow from investing activities of approximately ¥8.05 billion in Q1 2023, compared to a net outflow of ¥297 million in Q1 2022[21] - The net cash inflow from financing activities for Q1 2023 was approximately ¥2.70 billion, a significant improvement from a net outflow of approximately ¥3.13 billion in Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥227,641,922,546.88, an increase of 2.13% from the end of the previous year[3] - Total assets increased to CNY 227,641,922,546.88 from CNY 222,895,354,447.61, representing a growth of 1.1%[18] - Total liabilities rose to CNY 144,765,229,583.69, up from CNY 142,816,432,824.49, marking an increase of 1.4%[18] - Non-current assets totaled CNY 173,606,812,975.49, compared to CNY 169,608,955,961.15, reflecting an increase of 2.0%[18] - The company's total equity reached CNY 82,876,692,963.19, up from CNY 80,078,921,623.12, indicating a growth of 3.5%[18] Investments and Expenses - Research and development expenses rose by 54% compared to the same period last year, reflecting increased investment in engineering subsidiaries[8] - Research and development expenses increased to CNY 21,435,599.17 from CNY 13,875,643.51, a rise of 54.3% year-over-year[19] - Long-term equity investments increased by 50% due to an investment of ¥1.96 billion in Guoneng Financing Leasing Co., Ltd. by a subsidiary[7] - The company reported a significant increase in contract liabilities to CNY 380,799,870.84 from CNY 180,254,039.94, representing a growth of 111.1%[19] Power Generation and Capacity - The total power generation for Q1 2023 was 19,603,313 MWh, representing a year-on-year increase of 7.61% compared to 18,216,668 MWh in Q1 2022[13] - Wind power generation reached 16,800,217 MWh, up 10.95% from 15,142,123 MWh in the same period last year[13] - The fire power generation decreased by 15.81%, totaling 2,319,180 MWh compared to 2,754,717 MWh in Q1 2022[13] - The other renewable energy business saw a significant increase of 51.30%, generating 483,916 MWh compared to 319,829 MWh in Q1 2022[13] - As of March 31, 2023, the total installed capacity of the company reached 31,107.84 MW, an increase of 8.39% compared to 28,700.08 MW in the previous year[11] - The total installed capacity of wind power was 26,191.84 MW, reflecting a growth of 2.07% from 25,661.44 MW year-over-year[11] - The company reported a significant increase in other renewable energy capacity, which rose by 161.34% to 3,041.00 MW from 1,163.64 MW[11] - The installed capacity in the province of Henan increased by 28.79% to 223.65 MW from 173.65 MW year-over-year[11] - The installed capacity in the province of Guangxi saw a notable increase of 23.94% to 933.00 MW from 752.80 MW[11] - The installed capacity in the province of Guangdong remained stable at 125.74 MW, with no change from the previous year[11] Shareholder Information - The top shareholder, State Energy Investment Group, holds 54.91% of the company's shares, totaling 4,602,432,800 shares[9] - HKSCC Nominees Limited, the second-largest shareholder, owns 39.79% of the shares, amounting to 3,335,358,727 shares[9] - The company has a total of 37,949 common shareholders as of the end of the reporting period[9] Future Outlook and Strategy - The company has not disclosed any new strategies or future outlook in the provided documents[12] - The company plans to continue expanding its renewable energy capacity and exploring new technologies to enhance operational efficiency[13] - The company is focusing on market expansion and potential mergers and acquisitions to strengthen its competitive position in the energy sector[13]