三峡能源(600905) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached CNY 7,899,120,372.61, representing a year-on-year increase of 15.26% compared to CNY 6,853,129,450.44 in the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 2,421,823,921.76, showing a slight increase of 0.10% from CNY 2,433,884,515.62 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,420,313,233.50, reflecting a year-on-year growth of 1.28%[4] - Net profit for Q1 2024 was ¥2,890,652,331.21, representing an increase from ¥2,769,296,081.26 in Q1 2023, a growth of 4.4%[21] - The net profit for Q1 2024 was CNY -153.74 million, compared to a net loss of CNY -2.94 million in Q1 2023, indicating a significant deterioration in profitability[29] - The total comprehensive income for Q1 2024 was CNY -153.74 million, compared to CNY -608,869.80 in Q1 2023, indicating a worsening financial position[29] Cash Flow - The net cash flow from operating activities amounted to CNY 4,420,579,676.55, which is an increase of 18.72% compared to CNY 3,743,709,073.26 in the same period last year[5] - The net cash flow from operating activities for Q1 2024 was CNY 4,420,579,676.55, an increase of 18.8% compared to CNY 3,723,476,890.94 in Q1 2023[22] - Total cash inflow from operating activities reached CNY 5,833,312,044.23, up from CNY 5,076,431,461.60 in the same period last year, reflecting a growth of 14.9%[22] - The net cash flow from investing activities was CNY -7,077,223,113.04, worsening from CNY -5,686,226,218.38 in Q1 2023[23] - Cash inflow from financing activities totaled CNY 16,277,647,009.33, compared to CNY 15,225,366,636.31 in Q1 2023, marking an increase of 6.9%[23] - The total cash inflow from financing activities was 17,026,581,222.02 CNY, an increase from 11,267,427,409.81 CNY year-over-year[31] - The net cash flow from financing activities was 4,078,876,126.60 CNY, up from 2,021,966,340.98 CNY in the previous period[31] Assets and Liabilities - The total assets at the end of the reporting period were CNY 324,948,528,623.39, representing a growth of 4.25% from CNY 311,707,560,904.40 at the end of the previous year[5] - The total assets reached ¥324,948,528,623.39, compared to ¥311,707,560,904.40 at the end of 2023, reflecting a growth of about 4.2%[17] - The company's total liabilities increased to ¥225,384,834,335.23 in Q1 2024 from ¥216,222,621,829.25 in Q1 2023, reflecting a growth of 4.9%[18] - Total liabilities increased to CNY 51.98 billion in Q1 2024, up from CNY 47.65 billion in Q1 2023, representing an increase of approximately 4.93%[26] - Non-current liabilities rose to CNY 31.34 billion in Q1 2024, compared to CNY 27.38 billion in Q1 2023, marking an increase of about 14.06%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 635,069, with the largest shareholder being China Three Gorges Corporation holding 28.11% of the shares[8] - The company’s controlling shareholder, China Three Gorges Group, has cumulatively increased its stake by acquiring 46,471,900 shares, with a total investment exceeding ¥200 million as of March 31, 2024[13] Costs and Expenses - The company reported a significant increase in depreciation and operating costs, which impacted net profit despite the increase in revenue from newly commissioned wind and solar units[7] - Total operating costs for Q1 2024 were ¥4,719,856,425.85, up 14.4% from ¥4,126,508,281.67 in Q1 2023[20] - Research and development expenses for Q1 2024 were ¥3,496,449.82, significantly higher than ¥9,488.68 in Q1 2023, indicating increased investment in innovation[20] - The company reported a financial expense of ¥1,077,967,806.28 in Q1 2024, up from ¥975,155,653.07 in Q1 2023, marking a rise of 10.5%[20] - The cash paid for dividends, profits, or interest was 269,633,005.08 CNY, slightly up from 267,077,655.41 in the previous period[31] Inventory and Receivables - As of March 31, 2024, the total current assets amounted to ¥54,197,539,513.76, an increase of approximately 14% from ¥47,473,186,794.51 on December 31, 2023[15] - Accounts receivable rose to ¥40,077,014,241.09, up from ¥36,673,560,751.31, indicating an increase of approximately 9.5%[15] - The company’s inventory decreased slightly to ¥340,819,361.51 from ¥352,943,238.14, reflecting a decline of about 3.4%[15]