中绿电(000537) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥856,232,102.63, a decrease of 2.00% compared to ¥873,727,134.50 in the same period last year[3] - Net profit attributable to shareholders was ¥167,055,934.95, down 28.79% from ¥234,595,264.45 year-on-year[3] - Basic earnings per share were ¥0.09, a decline of 30.77% from ¥0.13 in the same period last year[3] - The weighted average return on equity was 0.97%, down 0.44 percentage points from 1.41% year-on-year[3] - The total power generation was 2.047 billion kWh, a year-on-year decrease of 5.28%[10] - Wind power generation was 1.705 billion kWh, down 6.58% year-on-year, while photovoltaic generation increased by 5.21% to 323 million kWh[10] - Operating profit for Q1 2024 was CNY 259,963,794.29, a decrease of 12.4% compared to CNY 297,014,437.10 in Q1 2023[22] - Net profit for Q1 2024 was CNY 213,498,626.75, down 19.6% from CNY 265,541,702.22 in Q1 2023[22] Cash Flow and Assets - The net cash flow from operating activities decreased by 51.61%, amounting to ¥269,654,485.72 compared to ¥557,242,971.71 in the previous year[3] - Cash flow from operating activities was CNY 667,709,437.05, down from CNY 820,964,090.26 in the previous year, indicating a decline of 18.6%[24] - The total cash and cash equivalents at the end of the period amounted to 7,533,752,153.28 CNY, down from 8,996,870,870.45 CNY at the beginning of the period[25] - The total current assets increased to RMB 18.99 billion from RMB 15.91 billion, reflecting a growth of approximately 19.5%[19] - The company's non-current assets decreased to RMB 52.51 billion from RMB 54.46 billion, a decline of approximately 3.6%[20] - The company reported a net cash flow from investment activities of -3,553,712,854.15 CNY, compared to -674,562,325.65 CNY in the same quarter last year[25] Shareholder Information - Shareholders' equity attributable to the parent company was ¥17,333,093,462.88, up 1.01% from ¥17,158,955,556.40 at the end of the previous year[3] - The company had 34,490 common shareholders at the end of the reporting period[8] - The largest shareholder, Luneng Group Co., Ltd., held 76.13% of the shares[8] - The company reported a decrease in the number of shares lent out through margin trading, with a total of 5,134,200 shares involved[8] Expenses and Liabilities - Financial expenses increased by approximately ¥0.1 billion due to extensive external financing for new project constructions[5] - The company reported a significant increase in credit impairment losses to CNY -17,501,650.06 from CNY -5,377,832.52, indicating a deterioration in asset quality[22] - Total liabilities increased to CNY 50,570,180,651.03 in Q1 2024 from CNY 49,816,781,305.86 in Q1 2023, reflecting a growth of 1.5%[21] - Short-term borrowings rose to RMB 11.46 billion from RMB 11.05 billion, an increase of approximately 3.7%[20] - Long-term borrowings increased to RMB 27.16 billion from RMB 24.67 billion, reflecting a growth of about 10.1%[20] Corporate Governance and Reporting - The company held a board meeting once and two committee meetings during the reporting period, approving all proposed resolutions[13] - The company published a total of 14 announcements to ensure transparency and keep investors informed[14] - The company did not undergo an audit for the first quarter report[26] - The report was presented by the board of directors on April 30, 2024[26] - The company changed its industry classification from "Real Estate" to "Electricity and Heat Production and Supply"[15]