Financial Position - As of March 31, 2024, the total assets of China Datang Corporation Renewable Power Co., Limited amounted to RMB 104.90 billion, an increase from RMB 101.60 billion as of December 31, 2023, representing a growth of approximately 2.26%[3] - The company's cash and cash equivalents reached RMB 4.61 billion, up from RMB 3.12 billion, indicating a significant increase of about 47.73%[3] - Accounts receivable rose to RMB 19.35 billion from RMB 17.78 billion, reflecting an increase of approximately 8.83%[3] - The total current assets increased to RMB 26.43 billion, compared to RMB 22.51 billion, marking a growth of around 17.5%[3] - Non-current assets totaled RMB 78.47 billion, slightly down from RMB 79.09 billion, showing a decrease of about 0.83%[3] - The company's long-term equity investments were reported at RMB 982.54 million, a marginal increase from RMB 972.59 million, representing a growth of approximately 1.00%[3] - The fixed assets decreased to RMB 67.79 billion from RMB 68.50 billion, indicating a decline of about 1.03%[3] - The company reported a significant increase in prepayments, which rose to RMB 1.07 billion from RMB 203.07 million, reflecting a growth of approximately 426.5%[3] - The total liabilities of the company were not disclosed in the provided documents, but the increase in current assets suggests a potential strengthening of the company's financial position[3] Borrowings and Liabilities - As of March 31, 2024, the company's short-term borrowings increased to ¥2,448,165,952.25 from ¥1,146,056,680.98, representing a growth of 113%[4] - The total current liabilities decreased to ¥18,221,411,041.99 from ¥19,045,251,947.16, a reduction of approximately 4.3%[4] - Long-term borrowings rose to ¥45,102,339,629.79 from ¥43,703,431,701.08, indicating an increase of about 3.2%[4] - The total liabilities increased to ¥66,655,692,010.74 from ¥65,644,805,253.81, reflecting a growth of approximately 1.5%[4] - The total current liabilities decreased to RMB 2,837,509,928.46 from RMB 3,287,723,872.94, a reduction of approximately 13.66%[6] - The company's long-term borrowings increased to RMB 13,579,877,217.08 as of March 31, 2024, compared to RMB 12,342,212,895.65 at the end of 2023, an increase of 10.03%[6] - The total liabilities increased to RMB 17,428,119,957.84 as of March 31, 2024, compared to RMB 16,641,483,857.22 at the end of 2023, reflecting a growth of 4.73%[6] Equity and Earnings - The total equity attributable to shareholders increased to ¥34,154,455,646.30 from ¥32,039,106,880.46, marking an increase of about 6.6%[4] - The company's total equity reached RMB 31,024,339,464.49, up from RMB 30,199,031,209.37 at the end of 2023, indicating an increase of 2.74%[6] - The net profit attributable to the parent company for Q1 2024 was RMB 1,068,830,620.29, down 5.85% from RMB 1,135,283,244.68 in the same period last year[7] - The earnings per share for Q1 2024 were RMB 0.1306, slightly down from RMB 0.1356 in Q1 2023, a decrease of 3.70%[7] - The company reported a total comprehensive income of RMB 1,208,670,288.60 for Q1 2024, compared to RMB 1,262,685,617.88 in the previous year, reflecting a decline of 4.28%[7] - The company's retained earnings rose to ¥9,927,292,931.72 from ¥8,858,494,404.63, an increase of about 12%[4] Revenue and Expenses - The company's operating revenue for Q1 2024 was RMB 3,525,581,772.42, a slight increase of 0.57% compared to RMB 3,505,610,033.25 in Q1 2023[7] - Research and development expenses for Q1 2024 were significantly reduced to RMB 387,924.53 from RMB 5,145,606.56 in Q1 2023, a decrease of approximately 92.43%[7] - The financial expenses decreased to RMB 407,634,886.03 in Q1 2024 from RMB 428,756,049.79 in Q1 2023, a reduction of about 4.91%[7] - The company's operating revenue for Q1 2024 was RMB 9,930,648.14, a decrease of approximately 16.8% compared to RMB 11,941,311.45 in the same period last year[8] - The net profit for Q1 2024 was a loss of RMB 55,955,536.53, slightly worse than the loss of RMB 55,251,775.10 in Q1 2023[8] Cash Flow - Cash flow from operating activities for Q1 2024 was RMB 1,685,535,322.48, an increase of approximately 5.5% from RMB 1,597,584,036.61 in Q1 2023[9] - Operating cash flow for Q1 2024 was RMB 54,353,348.75, a decrease of 28% from RMB 75,409,570.79 in the same period last year[10] - Cash inflow from operating activities totaled RMB 351,509,378.04, down 9.2% compared to RMB 387,401,867.68 in the previous year[10] - Cash outflow from operating activities was RMB 297,156,029.29, a reduction of 4.5% from RMB 311,992,296.89 year-over-year[10] - The total cash inflow from financing activities in Q1 2024 was RMB 4,985,964,551.87, a decrease from RMB 9,545,817,233.87 in Q1 2023[9] - Cash inflow from financing activities was RMB 2,737,601,068.48, significantly lower than RMB 8,596,335,603.49 in the same quarter last year[10] - Net cash flow from financing activities improved to RMB 1,625,360,400.57, compared to a net outflow of RMB 40,489,819.87 in the previous year[10] Investment Activities - The company’s investment activities resulted in a net cash outflow of RMB 1,567,462,049.45 in Q1 2024, compared to RMB 494,239,377.33 in the same period last year[9] - Investment activities resulted in a net cash outflow of RMB 284,818,605.54, worsening from a net outflow of RMB 157,046,895.91 in the previous year[10] - Total cash outflow for investment activities was RMB 327,950,044.40, an increase from RMB 293,765,413.72 in the same period last year[10] - Cash received from investment income was RMB 18,653,752.62, a decline of 86.4% from RMB 136,718,517.81 in the previous year[10] Management and Future Outlook - The financial statements were prepared in accordance with Chinese accounting standards and have not been audited, which is important for investors to consider[2] - The company’s management reported an increase in research and development expenses, reflecting a commitment to innovation and new product development[8] - Future outlook includes potential market expansion and strategic initiatives to improve profitability and operational efficiency[8]
大唐新能源(01798) - 2024 Q1 - 季度业绩