HTGF(SH:600864)2024-04-26 08:38Revenue and Profitability - Total revenue decreased by 5.14% year-on-year, primarily due to a reduction in interest income from stock pledge in the securities business[8] - Net profit attributable to shareholders decreased by 26.45% year-on-year, mainly due to reduced fair value gains on financial assets and decreased penalty income from stock pledge business[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 18.82% year-on-year, reflecting the decline in net profit attributable to shareholders[8] - Operating income increased by 4.93% year-on-year, mainly attributed to an increase in heating area and heating subsidies in the thermal power business[8] - Net profit for the reporting period was approximately ¥136.02 million, a decrease of 26% compared to ¥183.63 million in the previous period[20] - Total profit amounted to ¥185.16 million, down from ¥252.57 million, reflecting a decline of 26.6%[20] - Operating profit was reported at ¥185.39 million, compared to ¥210.10 million, indicating a decrease of 11.8%[20] - Net profit attributable to shareholders of the parent company was approximately ¥141.34 million, a decrease from ¥192.18 million year-over-year[38] - Total comprehensive income amounted to ¥177.16 million, down from ¥289.85 million in the previous year[38] - Basic and diluted earnings per share were both ¥0.07, compared to ¥0.09 in the same period last year[39] Cash Flow and Assets - Net cash flow from operating activities increased by 1,536.28% year-on-year, primarily due to a decrease in net increase of financial assets held for trading by the wholly-owned subsidiary Jianghai Securities[8] - Net cash flow from operating activities reached ¥1.95 billion, significantly up from ¥119.36 million year-over-year[42] - Net cash flow from investing activities was negative at ¥55.67 million, slightly worse than the previous year's negative ¥52.76 million[42] - Net cash flow from financing activities was negative at ¥262.97 million, contrasting with a positive cash flow of ¥211.93 million in the prior year[42] - Cash and cash equivalents increased to RMB 7.42 billion from RMB 6.44 billion as of December 31, 2023[16] - Total assets amounted to RMB 39.68 billion, an increase from RMB 39.40 billion as of December 31, 2023[19] - Total assets stood at ¥14.82 billion, a slight decrease from ¥14.86 billion year-over-year[46] - The company's cash and cash equivalents as of March 31, 2024, are ¥870.08 million, down from ¥949.66 million at the end of 2023, a decrease of 8.3%[58] - The total current assets decreased to ¥1.22 billion as of March 31, 2024, from ¥1.31 billion at the end of 2023, a decline of 6.8%[58] Liabilities and Equity - The company reported a total liability of RMB 39.68 billion, reflecting a slight increase from RMB 39.40 billion at the end of the previous year[19] - Total liabilities reached ¥27.12 billion, slightly up from ¥27.01 billion, showing a marginal increase of 0.4%[35] - Non-current liabilities totaled ¥6.33 billion, an increase from ¥5.78 billion, reflecting an increase of 9.5%[35] - The total equity attributable to shareholders of the parent company was approximately ¥12.60 billion, up from ¥12.42 billion, indicating an increase of 1.4%[35] - Shareholders' equity attributable to the parent company increased by 1.47% to CNY 12,599,034,504.55 from CNY 12,416,555,725.73 year-over-year[76] Accounting Standards and Reporting - The company is implementing the new accounting standards effective from January 1, 2023, which has impacted the financial reporting of lease liabilities and related assets[6] - The company plans to implement new accounting standards regarding sale-leaseback transactions starting January 1, 2024, which will not affect the current financial statements[78] - The company has not applied new accounting standards for the first quarter of 2024, indicating continuity in financial reporting practices[51] Market and Future Outlook - The company completed the acquisition of 100% equity of Harbin Zhengye Thermal Power Co., Ltd. from its controlling shareholder in May 2023, which was included in the consolidated financial statements[6] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[61]