2024-04-25 11:31Financial Performance - The company's operating revenue for Q1 2024 was ¥9,876,891,170.20, representing a 0.10% increase compared to ¥9,859,568,371.54 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 was ¥2,393,230,796.52, up 2.47% from ¥2,334,753,937.38 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥2,396,806,756.01, reflecting a 4.43% increase from ¥2,294,321,034.94 year-on-year[4] - The company's operating profit for Q1 2024 was CNY 3,160,178,058.62, slightly higher than CNY 3,142,645,795.41 in the previous year[28] - The total comprehensive income for the period was CNY 2,836,971,743.00, compared to CNY 2,664,772,592.53 in Q1 2023, marking an increase of approximately 6.45%[29] - Basic and diluted earnings per share were both CNY 0.2839, up from CNY 0.2728 in the previous year[29] Cash Flow - The net cash flow from operating activities decreased by 11.85% to ¥3,417,928,592.40, down from ¥3,837,371,896.71 in the same period last year[4] - The net cash flow from operating activities for Q1 2024 was CNY 3,417,928,592.40, a decrease of 11.85% compared to CNY 3,877,285,956.41 in Q1 2023[31] - Total cash inflow from investment activities was CNY 338,644,268.86, significantly up from CNY 63,390,681.24 in the previous year[31] - The net cash flow from investment activities was -CNY 6,851,743,152.21, an improvement from -CNY 8,140,507,654.47 in Q1 2023[31] - Cash inflow from financing activities totaled CNY 38,369,797,571.76, an increase from CNY 35,883,713,251.99 in the same quarter last year[31] - The net cash flow from financing activities was CNY 2,168,001,689.93, down from CNY 2,763,984,812.08 in Q1 2023[31] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥237,081,041,356.12, a 3.08% increase from ¥229,256,090,578.37 at the end of the previous year[4] - Total liabilities increased to CNY 151,796,300,302.56 from CNY 147,485,384,579.50, indicating a rise of approximately 3.0%[26] - The company's equity attributable to shareholders rose to CNY 73,507,160,915.42 from CNY 71,113,787,060.03, reflecting an increase of about 3.4%[26] Investments and Acquisitions - The company reported a 60% increase in contract liabilities, primarily due to advance payments for coal that had not yet been delivered[9] - The company’s other payables increased by 35% due to the acquisition of 7 project companies by its subsidiary[9] - Investment income increased by 200% year-on-year, primarily due to higher investment income from associates and joint ventures[11] - The company is actively expanding its market presence through acquisitions and new project developments[18] Power Generation and Capacity - The company added a total of 562.16 MW of installed capacity in Q1 2024, including 26.25 MW of new wind power and 57.51 MW of solar power, with an acquisition of 478.40 MW of solar projects[18] - As of March 31, 2024, the total installed capacity reached 36,155.83 MW, representing a year-on-year increase of 16.23%[20] - Wind power installed capacity increased to 27,780.64 MW, up 6.07% from the previous year[19] - Total power generation for Q1 2024 was 21,225,249 MWh, reflecting an 8.27% increase compared to the same period last year[21] - Wind power generation was 17,030,932 MWh, a year-on-year growth of 1.37%[22] - Thermal power generation increased by 11.30% to 2,581,257 MWh[23] - Other renewable energy generation surged by 233.33% to 1,613,059 MWh[23] - The company reported a significant increase in installed capacity for other renewable energy sources, rising to 6,500.19 MW, a 113.75% increase year-on-year[20] Expenses and Costs - Total operating costs for Q1 2024 were CNY 7,002,758,904.36, compared to CNY 6,967,187,753.46 in the same period last year, indicating an increase of about 0.5%[27] - Research and development expenses increased to CNY 22,923,686.60, up from CNY 21,435,599.17, indicating a focus on innovation[28] - The company's financial expenses totaled CNY 852,640,235.64, slightly increasing from CNY 838,878,851.15 in the previous year[28] - The cash paid for purchasing goods and services was CNY 3,321,360,459.82, an increase from CNY 2,966,561,514.68 in Q1 2023[31] - The cash paid to employees was CNY 769,148,456.58, up from CNY 659,804,292.29 in the same quarter last year[31] - The cash paid for taxes was CNY 1,099,432,744.17, slightly up from CNY 1,097,919,423.92 in Q1 2023[31]