粤水电(002060) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 3,488,311,560.54, representing a 14.06% increase compared to CNY 3,058,290,955.76 in the same period last year[2]. - Net profit attributable to shareholders was CNY 49,349,707.68, up 36.77% from CNY 36,082,309.40 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was CNY 48,397,259.26, reflecting a 35.75% increase compared to CNY 35,652,103.92 in the previous year[2]. - The total operating income for the first quarter was approximately CNY 2.95 billion, an increase from CNY 2.67 billion in the previous year, representing a growth of about 10.1%[29]. - The net profit for the first quarter reached CNY 54.08 million, compared to CNY 37.38 million in the same period last year, marking an increase of approximately 44.5%[27]. - The profit before tax was CNY 69.11 million, compared to CNY 51.24 million in the previous year, showing an increase of about 34.8%[27]. - The total comprehensive income for the quarter was CNY 54.08 million, compared to CNY 37.38 million, indicating an increase of about 44.5%[28]. - The basic earnings per share for the quarter were CNY 0.0410, up from CNY 0.0300, representing an increase of approximately 36.7%[28]. - The company reported a financial expense of CNY 120.77 million, down from CNY 140.03 million, a decrease of about 13.8%[26]. - The tax expenses for the quarter were CNY 15.04 million, compared to CNY 13.86 million, reflecting an increase of approximately 8.5%[27]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of CNY 837,104,062.79, which is a 27.86% decrease compared to the outflow of CNY 654,725,692.36 in the same period last year[2]. - Cash inflow from operating activities totaled CNY 3,344,121,537.00, up from CNY 3,084,360,909.76, marking an increase of 8.43%[33]. - Cash outflow from operating activities was CNY 4,181,225,599.79, compared to CNY 3,739,086,602.12, resulting in a net cash flow from operating activities of -CNY 837,104,062.79, worsening from -CNY 654,725,692.36[33]. - Cash inflow from financing activities was CNY 2,399,867,881.00, down from CNY 3,188,071,572.89, indicating a decrease of 24.77%[34]. - The net cash flow from financing activities was CNY 813,559,784.91, a decrease from CNY 904,193,210.36, reflecting a decline of 10%[34]. - The ending balance of cash and cash equivalents was CNY 2,334,597,691.03, slightly down from CNY 2,339,402,181.41[34]. - The company reported a cash outflow from investment activities of CNY 375,722,191.23, compared to CNY 170,106,238.51 in the previous year[36]. - The net cash flow from investment activities was -CNY 210,781,251.12, worsening from -CNY 168,730,238.51[36]. Assets and Liabilities - The company has a total asset value of CNY 30,411,774,729.34, which is a 3.12% increase from CNY 29,491,657,758.56 at the end of the previous year[2]. - The total assets increased from CNY 29,491,657,758.56 on December 31, 2020, to CNY 30,411,774,729.34 on March 31, 2021, reflecting a growth of approximately 3.11%[19]. - The total liabilities increased to CNY 26,510,242,816.04, up from CNY 25,648,333,970.39, reflecting a growth of 3.35%[21]. - Current liabilities totaled CNY 16,761,882,913.23, slightly up from CNY 16,621,358,080.06, indicating a 0.84% increase[21]. - Non-current liabilities rose to CNY 9,748,359,902.81, compared to CNY 9,026,975,890.33, marking an increase of 7.99%[21]. - The company's equity attributable to shareholders increased to CNY 3,722,596,431.35 from CNY 3,671,847,688.78, a rise of 1.38%[21]. - The total equity remained stable at CNY 3,843,323,788.17, with no adjustments made[39]. Research and Development - R&D expenses increased by 723.68% year-on-year, primarily due to increased investment in high-tech subsidiaries[10]. - Research and development expenses increased significantly to CNY 12.43 million from CNY 1.51 million, reflecting a growth of about 726.5%[26]. - The company has not provided any significant updates on new product or technology development in the reporting period[13]. Projects and Investments - The company is currently working on the North River (Shaoguan to Wushi) channel capacity upgrade project with a contract amount of CNY 978,906,400 and a construction period of 41 months[11]. - The total investment for the Guangdong Province Hanjiang Gaoqi Water Conservancy Hub Project is CNY 1,956,000,000, with a total construction contract amount of CNY 2,719,146,200, and the project is under construction[11]. - The company is currently constructing the Hami Shijianfang Wind Power Project Phase I (50 MW) and the Zhanjiang Suixi County Guantian Reservoir Photovoltaic Power Project (50 MWp)[12]. - The company is preparing for the investment construction of several wind power projects, including the Buerjin Wind Power Project Phase III (49.5 MW) and the Toli County Yutong Energy Hejiao Wind Power Project Phase I and II (49.5 MW each)[12]. Compliance and Governance - The company has no reported securities or derivative investments during the reporting period[14][15]. - The company has no violations regarding external guarantees during the reporting period[16]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[16]. - The first quarter report was not audited, indicating preliminary financial data[43].