京能热力(002893) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was CNY 563,107,016.62, representing a 1.56% increase compared to CNY 554,470,351.10 in the same period last year[7]. - Net profit attributable to shareholders was CNY 112,715,689.10, a 31.57% increase from CNY 85,670,492.87 year-over-year[7]. - Basic earnings per share increased by 32.39% to CNY 0.94 from CNY 0.71 in the previous year[7]. - The net profit for the first half of 2019 is expected to be between 6,585.77 million and 7,598.97 million RMB, representing a year-on-year increase of over 50%[17]. - The net profit for the first half of 2018 was 5,065.98 million RMB, indicating a significant growth trajectory[18]. - The net profit for Q1 2019 reached CNY 109,730,202.59, compared to CNY 83,296,761.01 in Q1 2018, marking an increase of about 31.9%[37]. - The net profit for the current period is ¥110,573,448.53, up from ¥86,802,076.42 in the previous period, representing an increase of about 27.5%[40]. - The total profit for the current period is ¥149,788,467.82, compared to ¥115,728,697.11 in the previous period, indicating a growth of approximately 29.4%[40]. Assets and Liabilities - The total assets decreased by 16.95% to CNY 1,534,286,860.16 from CNY 1,847,522,181.51 at the end of the previous year[7]. - As of March 31, 2019, total assets amounted to 1,534,286,860.16 RMB, down from 1,847,522,181.51 RMB at the end of 2018[27]. - The company's total assets decreased to CNY 1,529,006,586.01 as of March 31, 2019, down from CNY 1,822,203,314.17 at the end of 2018, reflecting a decline of approximately 16.1%[34]. - Current assets decreased to 695,969,214.17 RMB from 995,568,333.24 RMB at the end of 2018[27]. - Total liabilities as of March 31, 2019, were 802,205,784.51 RMB, compared to 1,209,688,011.40 RMB at the end of 2018[28]. - Total liabilities decreased to CNY 936,563,562.04 from CNY 1,328,078,060.11, representing a decline of approximately 29.5%[33]. - The total liabilities were ¥1,067,542,135.63, remaining stable compared to the previous year[51]. - Total liabilities amounted to CNY 1,328,078,060.11, with current liabilities at CNY 1,192,105,928.76[53]. Shareholders' Equity - The net assets attributable to shareholders increased by 15.55% to CNY 722,894,903.95 from CNY 625,627,271.89 at the end of the previous year[7]. - The company's equity attributable to shareholders increased to 722,894,903.95 RMB from 625,627,271.89 RMB at the end of 2018[29]. - Shareholders' equity totaled CNY 494,125,254.06, reflecting a decrease of CNY 14,368,374.62 compared to the previous period[54]. - The total equity attributable to shareholders of the parent company was CNY 625,627,271.89, a decrease of CNY 17,560,753.04[54]. Cash Flow - Cash flow from operating activities improved by 16.79%, with a net outflow of CNY 206,867,978.13 compared to CNY 248,599,668.64 in the previous year[7]. - The cash flow from operating activities shows a net outflow of ¥206,867,978.13, an improvement from a net outflow of ¥248,599,668.64 in the previous period[44]. - The cash flow from investing activities resulted in a net outflow of ¥25,208,437.37, slightly better than the previous period's outflow of ¥26,881,393.22[45]. - The cash flow from financing activities recorded a net outflow of ¥74,733,354.48, worsening from a net outflow of ¥17,184,502.78 in the previous period[45]. - The net cash flow from operating activities was -¥202,071,183.09, an improvement from -¥246,606,098.45 in the previous year, indicating a 18% reduction in cash outflow[48]. - The total cash and cash equivalents at the end of the period stand at ¥212,776,913.55, compared to ¥91,762,516.89 at the end of the previous period, showing a significant increase[45]. - The total cash and cash equivalents at the end of the period was ¥209,566,748.47, down from ¥510,925,875.59 at the beginning of the period, reflecting a decrease of 59%[49]. Operational Efficiency - The company has implemented energy-saving technologies, leading to a decrease in operational costs and improved energy efficiency[18]. - The gross profit margin improved, with total operating costs decreasing to CNY 421,801,235.79 from CNY 445,192,872.18, a reduction of about 5.2%[35]. - The company reported a significant increase in research and development expenses to CNY 1,084,702.94 from CNY 916,434.62, an increase of about 18.3%[35]. - The company has shown a decrease in sales expenses to ¥776,330.08 from ¥682,183.81, reflecting a strategic focus on cost management[39]. Government Subsidies - Other income increased by 120.74% year-over-year, attributed to increased government subsidies[15]. - The company received government subsidies for low-nitrogen transformation, contributing to increased profits[18]. - The company reported other income of ¥5,465,806.71, up from ¥2,478,517.50 in the previous period, marking an increase of approximately 120.1%[39]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,853[11]. - The company has not reported any overdue commitments from major shareholders or related parties during the reporting period[20]. - There were no violations regarding external guarantees during the reporting period[19].