Financial Performance - The company's operating revenue for Q1 2024 reached CNY 30,737,100, representing a year-on-year increase of 9.58%[8] - Net profit attributable to shareholders was CNY 1,331,460, showing a significant increase of 872.26% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,327,011, reflecting a remarkable increase of 2,691.83% year-on-year[8] - Basic earnings per share were CNY 0.0505, up by 517.44% year-on-year[8] - In Q1 2024, the company reported a net profit of 1,736,254 thousand RMB, a significant increase from 4,986 thousand RMB in Q1 2023, representing a growth of approximately 34,800%[46] - Operating profit for Q1 2024 was 2,114,062 thousand RMB, compared to 186,281 thousand RMB in Q1 2023, indicating a year-over-year increase of about 1,033%[46] - Total comprehensive income for Q1 2024 reached 1,736,373 thousand RMB, up from 197,108 thousand RMB in Q1 2023, marking an increase of approximately 779%[50] - Basic and diluted earnings per share for Q1 2024 were both 0.0505 RMB, compared to -0.0121 RMB in Q1 2023, reflecting a turnaround in profitability[50] Cash Flow - The net cash flow from operating activities amounted to CNY 6,164,230, which is an increase of 75.65% compared to the previous year[8] - Cash inflows from operating activities in Q1 2024 amounted to 33,861,219 thousand RMB, an increase from 31,190,096 thousand RMB in Q1 2023, representing a growth of about 8.6%[54] - Cash outflows from operating activities were 27,696,989 thousand RMB in Q1 2024, slightly up from 27,680,669 thousand RMB in Q1 2023, indicating a marginal increase of 0.06%[56] - The net cash flow from operating activities for Q1 2024 was 6,164,230 thousand RMB, compared to 3,509,427 thousand RMB in Q1 2023, showing an increase of approximately 76%[56] - Cash inflows from investment activities of 372,312 thousand RMB in Q1 2024, compared to 116,298 thousand RMB in Q1 2023, representing a significant increase of about 220%[58] - Cash outflows from investment activities totaled 3,531,944 thousand RMB in Q1 2024, compared to 3,026,901 thousand RMB in Q1 2023, reflecting an increase of approximately 16.7%[58] - The net cash flow from investment activities was -3,159,632 thousand RMB in Q1 2024, compared to -2,910,603 thousand RMB in Q1 2023, indicating a deeper cash outflow by about 8.6%[58] - Cash inflow from financing activities totaled $23,576,990 in Q1 2024, compared to $32,305,505 in Q1 2023, representing a decrease of approximately 27%[60] - Cash outflow from financing activities amounted to $24,626,998 in Q1 2024, down from $33,706,671 in Q1 2023, indicating a reduction of about 27%[60] - The net cash flow from financing activities was -$1,050,008 in Q1 2024, an improvement from -$1,401,166 in Q1 2023[60] Assets and Liabilities - Total assets at the end of the reporting period were CNY 306,198,184, a slight increase of 0.72% from the end of the previous year[9] - Shareholders' equity at the end of the reporting period was CNY 78,177,540, reflecting a growth of 6.23% compared to the previous year[9] - The total liabilities as of March 31, 2024, were CNY 212,645,767, a decrease from CNY 215,532,968 as of December 31, 2023[39] - Current liabilities totaled CNY 88,646,545 as of March 31, 2024, down from CNY 91,230,324 at the end of 2023, representing a decline of 2.9%[37] - Non-current liabilities were CNY 123,999,222 as of March 31, 2024, compared to CNY 124,302,644 at the end of 2023, showing a slight decrease of 0.2%[39] - The total equity attributable to shareholders increased to CNY 78,177,540 as of March 31, 2024, from CNY 73,594,084 at the end of 2023, reflecting a growth of 6.5%[41] Shareholder Information - The number of shares held by the largest shareholder, China Datang Corporation, is 6,540,706,520, representing 35.34% of the total shares[30] - The total shares held by the top ten shareholders account for approximately 53.09% of the company's total issued shares[30] - The company has a significant amount of pledged shares, with HKSCC Nominees Limited holding 3,275,623,820 shares, approximately 17.70% of the total share capital[30] - The company’s financial subsidiary holds 8,238,600 A shares as of March 31, 2024[31] Operational Costs and Expenses - Total operating costs for Q1 2024 were CNY 28,798,467, slightly up from CNY 28,451,565 in Q1 2023, reflecting a year-over-year increase of 1.2%[44] - The company's financial expenses in Q1 2024 amounted to CNY 1,360,363, down from CNY 1,518,860 in Q1 2023, indicating a decrease of 10.4%[44] - Research and development expenses decreased to CNY 546 in Q1 2024 from CNY 1,183 in Q1 2023, a reduction of 53.8%[44] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[44]
大唐发电(00991) - 2024 Q1 - 季度业绩