豫能控股(001896) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 2,412,429,930.53, representing a 53.61% increase compared to CNY 1,570,137,140.00 in the same period last year[9]. - Net profit attributable to shareholders was CNY 27,806,791.87, a decrease of 17.14% from CNY 34,038,591.14 in the previous year[9]. - Basic earnings per share decreased by 17.12% to CNY 0.0242, compared to CNY 0.0296 in the previous year[9]. - The total comprehensive income attributable to the parent company was 27,806,791.87, down from 33,558,706.60 in the previous period, representing a decrease of approximately 17.5%[92]. - Net profit for the current period was ¥27,228,156.07, down from ¥31,249,714.16 in the previous period, reflecting a decrease of approximately 13.0%[88]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 45.87% to CNY 707,050,990.20, up from CNY 485,268,007.09 in the same period last year[9]. - The company's cash and cash equivalents decreased by 32.02% to ¥801,049,937.86 from ¥1,178,376,501.57 due to the impact of the capital market[24]. - The net cash flow from financing activities was -836,190,988.44, compared to 787,168,101.60 in the previous period, indicating a significant decrease[107]. - Cash and cash equivalents at the end of the period totaled 683,233,580.56, down from 1,454,353,816.00 in the previous period, reflecting a decrease in liquidity[107]. - The cash flow from operating activities was primarily driven by cash received from other operating activities amounting to 406,416,284.07, down from 730,105,737.89 in the previous period[108]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,468,923,014.52, a decrease of 4.01% from CNY 22,366,890,596.74 at the end of the previous year[9]. - Total liabilities decreased to CNY 14,572,521,075.56, down 5.95% from CNY 15,497,716,813.85[70]. - The total assets were reported at ¥8,666,860,919.75, a decrease from ¥8,899,191,112.89 in the previous period, reflecting a decline of about 2.6%[80]. - The total liabilities amounted to approximately ¥15.50 billion, with current liabilities at ¥6.42 billion and non-current liabilities at ¥9.08 billion[119]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,529[13]. - The largest shareholder, Henan Investment Group Co., Ltd., held 64.20% of the shares, totaling 738,700,684 shares[13]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[21]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Lushan YN Pumped Storage Co., Ltd., with an investment of ¥100 million to comply with local government requirements for a pumped storage power station project[31]. - The company plans to acquire 100% equity of Puyang YN Power Co., Ltd. from its controlling shareholder, Henan Investment Group, through a combination of issuing shares and cash, with a fundraising plan involving no more than 35 specific investors[32]. - Ongoing investments in fixed assets reached CNY 13,915,605,558.92, an increase from CNY 13,257,598,072.32, indicating a commitment to growth and development[67]. Regulatory Compliance and Commitments - The investment group committed to not engaging in any business that competes with Henan Yunen Holdings, ensuring no direct or indirect competition with existing operations[40]. - The commitment to avoid competition and related party transactions remains effective and has not been violated as of the latest report[44]. - 河南豫能控股的股东大会和董事会将继续独立行使职权，确保公司独立性[46]. - 投资集团承诺在2009年和2017年重大资产重组中保持豫能控股的独立性，至今未违反承诺[46]. Operational Challenges - The company's cash flow from operating activities showed a significant decline, impacting liquidity and operational flexibility[69]. - The net cash flow from investment activities was -253,561,875.06, worsening from -101,613,600.00 in the previous period, indicating challenges in investment performance[110]. - The company reported a net loss of -2,717,790.85 for the current period, worsening from a loss of -353,934.75 in the previous period[96].