华能水电(600025) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,419,724,585.09, representing a year-on-year increase of 3.58% compared to CNY 3,731,799,144.16 in the same period last year[4]. - Net profit attributable to shareholders of the listed company reached CNY 1,065,441,947.78, marking a 17.25% increase from CNY 908,654,561.60 in the previous year[4]. - Basic and diluted earnings per share were both CNY 0.05, reflecting a 25.00% increase from CNY 0.04 in the previous year[5]. - Total operating revenue for Q1 2024 was CNY 4,419,724,585.09, an increase of 3.57% compared to CNY 4,266,876,660.01 in Q1 2023[19]. - Net profit for Q1 2024 reached CNY 1,269,227,098.53, up 17.87% from CNY 1,076,423,626.25 in Q1 2023[21]. - Total comprehensive income for the first quarter of 2024 was CNY 1,278,222,331.67, an increase of 22.8% compared to CNY 1,040,569,013.14 in the same period of 2023[22]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 3,085,611,587.23, a decrease of 1.38% compared to CNY 3,128,730,399.59 in the same period last year[5]. - Cash inflow from financing activities in Q1 2024 was CNY 16,709,014,046.34, compared to CNY 17,911,152,273.31 in Q1 2023, reflecting a decrease of 6.7%[24]. - The company reported a net increase in cash and cash equivalents of CNY 524,397,291.57 for Q1 2024, compared to a net increase of CNY 1,259,923,568.86 in Q1 2023[25]. - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 24,391,929.95, significantly lower than CNY 1,169,406,056.47 at the end of Q1 2023[33]. - The net cash flow from operating activities for Q1 2024 was CNY 2,085,711,255.28, down 18.5% compared to CNY 2,558,728,215.58 in the same period last year[32]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 196,681,285,059.09, showing a slight increase of 0.74% from CNY 195,239,265,297.35 at the end of the previous year[5]. - The company's total liabilities amounted to CNY 124,753,150,564.83, slightly up from CNY 124,515,921,783.57 in the previous year[18]. - Total liabilities as of March 31, 2024, were CNY 138,000,000,000, an increase from CNY 135,000,000,000 as of December 31, 2023[26]. - The total assets amounted to CNY 149,004,285,528.56, slightly down from CNY 149,101,778,712.86 in the previous quarter[28]. Shareholder Equity - The equity attributable to shareholders of the listed company was CNY 68,320,881,595.26, which is a 1.47% increase from CNY 67,329,060,271.14 at the end of the previous year[5]. - The total equity attributable to shareholders increased to CNY 68,320,881,595.26 from CNY 67,329,060,271.14, marking a growth of 1.48%[18]. - The company's total equity increased to CNY 65,512,381,154.70 from CNY 65,034,329,589.32 in the previous quarter[28]. Research and Development - Research and development expenses increased by 73.76% compared to the same period last year, indicating a significant investment in innovation[10]. - Research and development expenses rose to CNY 11,249,575.09 in Q1 2024, compared to CNY 6,474,076.32 in Q1 2023, indicating a significant increase of 73.5%[19]. - The company's R&D expenses increased to CNY 11,118,674.76, up from CNY 6,385,153.78 in Q1 2023, reflecting a growth of 74.0%[29]. Acquisitions and Mergers - The company completed the acquisition of 100% equity in Huaneng Sichuan Energy Development Co., Ltd. in September 2023, which has been reflected in the financial adjustments for comparative data[6]. - The company has initiated a merger with a controlled entity, which had a net profit of CNY 0 prior to the merger, indicating a strategic move to consolidate operations[22]. Other Financial Metrics - The weighted average return on net assets increased by 0.31 percentage points to 1.57% compared to the previous year[5]. - The company reported a financial expense of CNY 681,559,303.27, down from CNY 723,556,417.55 in the same quarter last year, a decrease of 5.8%[19]. - The financial expenses for Q1 2024 were CNY 507,544,344.51, compared to CNY 546,630,031.03 in Q1 2023, indicating a decrease of 7.1%[29].