GED(SZ:200539)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 11,389,443,592, representing a year-on-year increase of 28.29% compared to CNY 7,855,944,946 in the same period last year[2] - The net profit attributable to shareholders for Q1 2022 was a loss of CNY 449,739,596, a significant decline of 436.51% from a loss of CNY 49,403,428 in the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -CNY 461,615,643, a decline of 253.29% from -CNY 53,624,970 in the same period last year[2] - Operating profit for the current period was reported at -¥774,605,671, compared to -¥72,411,458 in the previous period, indicating a significant decline[24] - Net profit for the current period was -¥715,453,941, worsening from -¥70,006,091 in the previous period[24] - Basic and diluted earnings per share were both -¥0.0857, compared to -¥0.0160 in the previous period[50] Cash Flow - The net cash flow from operating activities for Q1 2022 was -CNY 620,286,887, a decrease of 185.21% compared to CNY 700,758,687 in the same period last year[2] - Cash flow from operating activities was ¥12,551,308,372, compared to ¥10,291,814,284 in the previous period, showing an increase of approximately 22.0%[54] - Net cash flow from operating activities was -¥620,286,887, compared to ¥727,967,306 in the previous period[55] - Cash inflow from investment activities reached ¥1,661,055,314, significantly higher than ¥119,828,700[55] - Cash outflow from investment activities was ¥1,728,594,723, down from ¥2,325,024,006[57] - Net cash flow from investment activities was -¥67,539,409, an improvement from -¥2,205,195,306[57] - Cash inflow from financing activities totaled ¥8,795,700,582, compared to ¥7,135,730,746[57] - Cash outflow from financing activities was ¥6,188,969,024, slightly up from ¥5,926,844,585[57] - Net cash flow from financing activities increased to ¥2,606,731,558 from ¥1,208,886,161[57] - The ending balance of cash and cash equivalents was ¥9,942,022,116, up from ¥9,136,740,816[57] Assets and Liabilities - The company's total assets at the end of Q1 2022 were CNY 114,611,275,735, reflecting a slight increase of 0.30% from CNY 114,271,451,479 at the end of the previous year[3] - Total assets amounted to ¥114,611,275,735, slightly up from ¥114,271,451,479[21] - Total liabilities increased to ¥82,529,094,390 from ¥81,525,581,056, marking a rise of approximately 1.2%[21] - Non-current liabilities totaled ¥45,259,230,048, up from ¥43,773,923,910, indicating an increase of about 3.4%[21] - The company's total equity decreased to ¥32,082,181,345 from ¥32,745,870,423, reflecting a decline of about 2.0%[21] Operational Metrics - The average on-grid electricity price for the company during the reporting period was CNY 538.84 per MWh, an increase of CNY 90.98 per MWh year-on-year[6] - The company completed a total electricity generation of 24.883 billion kWh in Q1 2022, an increase of 7.48% year-on-year[5] - The company faced a significant increase in fuel costs, with total fuel costs for Q1 2022 reaching CNY 903,498,800, an increase of 37.54% year-on-year[6] Investments - The total investment for the gas-to-coal power generation project approved for Guangdong Yuehua Power Co., Ltd. is RMB 1,532.19 million, with a capital contribution of RMB 310 million, accounting for 20.2% of the total investment[11] - The total investment for the natural gas cogeneration project approved for Yunhe Power Co., Ltd. is RMB 2,809.70 million, with a capital contribution of RMB 561.94 million, accounting for 20% of the total investment[13] - The total investment for the photovoltaic power generation project in Xinjiang is RMB 2,226.85 million, with a capital contribution of RMB 445.37 million, accounting for 20% of the total investment[13] Current Assets - As of March 31, 2022, the company's cash and cash equivalents amounted to RMB 10,031.91 million, an increase from RMB 8,105.32 million at the beginning of the year[15] - The company's accounts receivable as of March 31, 2022, stood at RMB 7,275.25 million, compared to RMB 7,030.69 million at the beginning of the year[15] - The total current assets of the company as of March 31, 2022, were RMB 23,668.52 million, up from RMB 22,880.05 million at the beginning of the year[17] - The company's long-term equity investments increased to RMB 8,274.93 million as of March 31, 2022, from RMB 8,072.21 million at the beginning of the year[17] - The company's fixed assets as of March 31, 2022, were valued at RMB 55,875.43 million, a decrease from RMB 56,943.13 million at the beginning of the year[17] - The company's non-current assets totaled RMB 90,942.75 million as of March 31, 2022, down from RMB 91,391.40 million at the beginning of the year[17] Shareholder Activities - The company has not engaged in margin financing and securities lending activities with the top 10 shareholders[10]