GDG(SH:600098)2024-04-29 11:57Financial Performance - The company's total revenue for Q1 2024 reached ¥10,685,394,775.24, representing a year-on-year increase of 6.12%[3] - Net profit attributable to shareholders was ¥447,465,656.13, reflecting a growth of 10.71% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥437,926,830.27, with an increase of 10.55% year-on-year[4] - The total profit for the quarter was RMB 580 million, up 10.02% year-on-year, while net profit attributable to shareholders was RMB 447 million, an increase of 10.71%[12] - Operating profit for Q1 2024 was ¥589,095,887.51, up from ¥556,375,281.01 in Q1 2023, reflecting a growth of 5.9%[18] - The company reported a total comprehensive income of ¥612,428,411.62 for Q1 2024, compared to ¥427,249,176.58 in Q1 2023, showing a significant increase of 43.3%[19] - Basic earnings per share for Q1 2024 were ¥0.1282, up from ¥0.1161 in Q1 2023, representing a growth of 17.9%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥75,640,977,988.76, an increase of 2.20% from the end of the previous year[4] - The company's total liabilities were RMB 19.343 billion, slightly up from RMB 19.114 billion in the previous period[15] - Total liabilities increased to ¥46,831,911,745.72 in Q1 2024 from ¥45,860,624,914.90 in Q1 2023, representing a rise of 2.1%[16] - The company's total equity reached ¥28,809,066,243.04 in Q1 2024, up from ¥28,153,425,655.18 in Q1 2023, indicating a growth of 2.3%[16] - The company's total assets increased to CNY 31.40 billion in Q1 2024, up from CNY 30.93 billion in Q1 2023, representing a growth of approximately 1.5%[25] - The total liabilities rose to CNY 14.59 billion in Q1 2024, compared to CNY 14.20 billion in Q1 2023, indicating an increase of about 2.6%[25] Cash Flow - The net cash flow from operating activities was ¥708,183,397.42, showing a decrease of 3.53% compared to the previous year[4] - The cash inflow from operating activities for Q1 2024 was CNY 12,496,121,827.54, an increase of 13.0% compared to CNY 11,056,613,466.43 in Q1 2023[20] - The net cash flow from operating activities was CNY 708,183,397.42, a decrease of 3.5% from CNY 734,127,403.55 in the same period last year[21] - The total cash outflow from investing activities was CNY 1,181,785,910.19, down 59.3% from CNY 2,898,688,159.43 in Q1 2023[21] - The net cash flow from financing activities was CNY 251,038,204.68, a decrease of 56.5% compared to CNY 578,038,259.31 in Q1 2023[21] - The total cash and cash equivalents at the end of Q1 2024 were CNY 5,913,449,374.40, down from CNY 6,250,321,514.27 at the end of Q1 2023[21] - Cash flow from investment activities amounted to -$328.11 million, a decrease from -$914.72 million year-over-year[30] - Cash inflow from financing activities totaled $600 million, compared to $2.16 billion in the previous year[30] - The net increase in cash and cash equivalents was -$114.02 million, compared to -$828.14 million year-over-year[30] Operational Highlights - The company reported a 14% increase in thermal power generation, totaling 4.1 billion kWh, and a 48% increase in renewable energy generation, reaching 1.7 billion kWh[13] - Natural gas supply volume increased by 13% to 1.2 billion cubic meters, and coal sales rose by 16% to 9.01 million tons[13] - The company has a controllable installed capacity of renewable energy of 4.1 million kW, with a green and low-carbon energy installed capacity ratio of 67%[13] - The company is focused on building a comprehensive smart energy system, emphasizing the integration of gas, renewable energy, and energy storage[12] - The company plans to enhance project efficiency and operational effectiveness to drive high-quality development[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,692, with the largest shareholder holding 57.58% of the shares[9] Research and Development - Research and development expenses for Q1 2024 were ¥110,565,130.43, an increase from ¥101,817,424.98 in Q1 2023, reflecting a growth of 8.5%[18] - Research and development expenses surged to CNY 53,093.17 in Q1 2024, compared to CNY 2,645.54 in Q1 2023, marking an increase of over 1,900%[27] Financial Changes - The company has adopted new accounting standards starting in 2024, which may affect financial reporting[31]