粤水电(002060) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,303,037,663.15, a decrease of 5.31% compared to ¥3,488,311,560.54 in the same period last year[2] - Net profit attributable to shareholders was ¥47,103,523.50, down 4.55% from ¥49,349,707.68 year-on-year[2] - Total operating revenue for Q1 2022 was ¥3,303,037,663.15, a decrease of 5.3% compared to ¥3,488,311,560.54 in the same period last year[15] - Net profit for Q1 2022 was ¥53,659,591.37, slightly down from ¥54,076,090.24 in Q1 2021, representing a decrease of 0.8%[16] - Earnings attributable to shareholders of the parent company were ¥47,103,523.50, compared to ¥49,349,707.68 in the same period last year, a decline of 4.5%[16] Cash Flow - The net cash flow from operating activities improved significantly, with a net amount of -¥287,503,426.12, representing a 65.65% increase compared to -¥837,104,062.79 in the previous year[2] - Cash flow from operating activities was ¥2,965,547,857.89, down from ¥3,207,209,486.58 in the previous year, a decrease of 7.5%[18] - Total cash inflow from operating activities was 3,234,420,740.29 CNY, while cash outflow was 3,521,924,166.41 CNY, resulting in a net outflow of 287,503,426.12 CNY[19] - Cash flow from investing activities showed a net outflow of -419,393,089.66 CNY, compared to -279,565,822.39 CNY in the previous year[19] - Cash inflow from financing activities was 2,262,346,027.75 CNY, with cash outflow totaling 2,119,206,793.69 CNY, leading to a net cash flow of 143,139,234.06 CNY[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥31,944,263,778.80, an increase of 0.67% from ¥31,732,321,919.56 at the end of the previous year[2] - The total liabilities increased to ¥27,788,789,790.87 from ¥27,612,051,316.15, reflecting a rise of 0.6%[14] - The total equity increased to ¥4,155,473,987.93, up from ¥4,120,270,603.41, indicating a growth of 0.9%[14] - The company's current liabilities decreased to CNY 17.22 billion from CNY 18.05 billion, a reduction of approximately 5%[13] - The company's long-term borrowings increased to CNY 9.80 billion from CNY 8.76 billion, an increase of approximately 12%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 116,606[5] - The largest shareholder, Guangdong Provincial Construction Engineering Group Holdings Limited, held 36.48% of the shares, totaling 438,592,930 shares[5] Operational Highlights - The company reported a 148.56% increase in asset impairment losses, primarily due to increased provisions for contract asset impairments[4] - Other income increased by 47.91%, attributed to a rise in government subsidies received during the period[4] - The company has completed the construction of the North River (Shaoguan to Wushi) channel expansion project with a contract amount of CNY 978.91 million[9] - The total installed capacity of clean energy projects that have been put into operation is 1,567.38 MW, all operating normally[10] - The company is currently constructing the Guangdong Province Hanjiang Gao Po Water Conservancy Hub PPP project with a total investment of CNY 1.96 billion[9] - The company is preparing for the construction of the Yili City Urban Rail Transit Project (Phase I) with an estimated total investment of CNY 2.81 billion, which is currently on hold[9] Expenses - Total operating costs decreased to ¥3,186,436,532.63, down 5.9% from ¥3,387,817,462.99 in the previous year[15] - Research and development expenses increased to ¥14,409,609.78, up from ¥12,431,216.47, marking a rise of 15.9%[15] - Financial expenses rose to ¥156,659,626.80 from ¥120,770,972.27, an increase of 29.7%[15] Cash Management - The company's cash and cash equivalents decreased to CNY 2.25 billion from CNY 2.86 billion at the beginning of the year, a decline of approximately 21%[12] - The ending balance of cash and cash equivalents was 2,004,594,442.10 CNY, down from 2,334,597,691.03 CNY in the previous year[20] - The company paid 200,220,710.15 CNY to employees, an increase from 175,107,232.80 CNY year-over-year[19] - The company reported a decrease in cash paid for purchasing goods and services to 2,937,912,085.38 CNY from 3,624,350,518.23 CNY[19] - The cash received from other operating activities was 266,691,492.67 CNY, compared to 126,032,941.74 CNY in the previous year[19] - The company experienced a cash outflow of 60,750,549.02 CNY related to other financing activities, a significant decrease from 417,362,044.11 CNY in the previous year[20] - The impact of exchange rate changes on cash and cash equivalents was 2,227,393.44 CNY, compared to 154,348.27 CNY in the previous year[20]