2024-04-26 13:21Financial Performance - The company's revenue for Q1 2024 was CNY 6,979,133,987.80, representing a 25.42% increase compared to CNY 5,564,585,932.57 in the same period last year[3] - Net profit attributable to shareholders decreased by 73.06% to CNY 332,623,657.47 from CNY 1,234,730,532.58 year-on-year[3] - Basic and diluted earnings per share fell by 74.62% to CNY 0.0726 from CNY 0.2860 in the same quarter last year[3] - Net profit for Q1 2024 was CNY 386,639,260.08, a significant decrease of 69.7% compared to CNY 1,272,991,914.53 in the same period last year[19] - The company reported a total comprehensive income of CNY 363,632,033.42 for Q1 2024, down from CNY 1,295,790,216.96 in Q1 2023[20] Cash Flow - The net cash flow from operating activities improved by 19.67%, amounting to -CNY 6,054,115,012.94 compared to -CNY 7,537,014,044.94 in the previous year[3] - Cash inflow from operating activities totaled CNY 10,581,051,956.28, slightly down from CNY 10,750,150,616.98 in the previous year[21] - The net cash flow from operating activities was -6,054,115,012.94 CNY, an improvement from -7,537,014,044.94 CNY in the previous year[22] - The company reported a total operating cash outflow of 16,635,166,969.22 CNY, down from 18,287,164,661.92 CNY in the previous year[22] - The company raised 6,629,590,081.23 CNY from financing activities, significantly higher than 1,828,436,959.20 CNY in the previous year[22] - The net cash flow from financing activities was 3,354,818,641.01 CNY, compared to -1,009,830,874.76 CNY in the same period last year[22] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 142,032,144,785.42, a decrease of 1.02% from CNY 143,494,599,671.63 at the end of the previous year[3] - Total current assets decreased from CNY 63,829,477,129.67 to CNY 63,160,380,666.38, a decline of approximately 1.05%[16] - Total liabilities decreased from CNY 103,265,686,247.40 to CNY 101,464,453,169.71, a reduction of about 1.74%[17] - Non-current assets decreased from CNY 79,665,122,541.96 to CNY 78,871,764,119.04, a decline of approximately 1.00%[16] - The company's total equity increased from CNY 40,228,913,424.23 to CNY 40,567,691,615.71, a growth of approximately 0.84%[17] Shareholder Information - The top shareholder, Hong Kong Central Clearing Limited, holds 18.28% of the shares, totaling 772,283,971 shares[8] - Xinjiang Wind Power Co., Ltd. is the second-largest shareholder with an 11.78% stake, amounting to 497,510,186 shares[8] - Harmony Health Insurance Co., Ltd. holds an 11.50% stake, equivalent to 486,085,542 shares[8] - The company has no controlling shareholder or actual controller, and there are no non-operating fund occupations by related parties[13] - The total number of shares held by the top 10 unrestricted shareholders reflects a significant concentration of ownership, with the top four shareholders holding over 50% of the total shares[9] Operational Metrics - The company achieved external sales capacity of 1,436.34 MW in Q1 2024, with 10.00 MW (0.70%) from units below 4 MW, 746.84 MW (51.99%) from units between 4 MW and 6 MW, and 679.50 MW (47.31%) from units above 6 MW[13] - As of March 31, 2024, the total external orders awaiting execution amounted to 24,356.04 MW, including 683.37 MW from units below 4 MW, 10,948.95 MW from units between 4 MW and 6 MW, and 12,723.72 MW from units above 6 MW[14] - The total external orders on hand reached 32,359.48 MW, with overseas orders accounting for 5,479.77 MW, representing a year-on-year growth of 13.76%[14] Investment and Expenses - Investment income for the quarter decreased by 89.19% to CNY 197,065,682.05, primarily due to reduced gains from the transfer of subsidiaries and joint ventures[7] - The company incurred research and development expenses of CNY 368,358,225.65, a marginal increase from CNY 365,948,605.40 in Q1 2023[19] - Financial expenses decreased by 38.70% to CNY 188,290,165.49, attributed to reduced foreign exchange losses[7] - The company reported a foreign exchange loss of CNY 47,722,250.46 in Q1 2024, contrasting with a gain of CNY 74,014,334.57 in the same period last year[20]