NMHD(600863)2016-04-25 16:00Financial Performance - Operating revenue for the current period was CNY 1.67 billion, representing a decrease of 24.71% year-on-year[6]. - Net profit attributable to shareholders of the listed company was CNY 2.71 million, down 85.27% from the previous year[6]. - Cash flow from operating activities was CNY 142.03 million, a significant decline of 69.18% compared to the same period last year[6]. - Basic and diluted earnings per share were both CNY 0.00064, reflecting a decrease of 68.48% year-on-year[6]. - The company reported a total profit of 23.45 million RMB, a year-on-year decrease of 85.08%[12]. - Net profit was 11.18 million RMB, down 89.74% year-on-year, with the profit attributable to the parent company at 3.74 million RMB, a decrease of 68.48%[12]. - Total operating revenue for Q1 2016 was CNY 1,668,018,683.96, a decrease of 24.7% compared to CNY 2,215,407,308.06 in the same period last year[33]. - Net profit for Q1 2016 was CNY 11,180,869.85, a decline of 89.7% from CNY 108,927,242.40 in Q1 2015[33]. - The company reported an operating profit of CNY 22,083,390.37, a significant decrease of 86.8% compared to CNY 167,002,519.15 in the previous year[33]. - Total comprehensive income for Q1 2016 was CNY 4,080,070.13, a decrease of 96.5% from CNY 117,990,985.42 in the previous year[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 289,130[10]. - The largest shareholder, Northern United Power Group Co., Ltd., held 3,289,093,203 shares, accounting for 56.63% of the total shares[10]. Asset and Liability Overview - Total assets at the end of the reporting period reached CNY 38.30 billion, a 0.23% increase compared to the end of the previous year[6]. - Total current assets increased to CNY 1,667,342,171.43 from CNY 1,453,079,151.30, representing a growth of approximately 14.74%[24]. - Total non-current assets decreased slightly to CNY 36,635,382,346.37 from CNY 36,761,513,272.18, a decline of approximately 0.34%[25]. - Total liabilities increased to CNY 24,573,521,441.05 from CNY 24,506,031,647.86, reflecting a rise of about 0.27%[26]. - The company's total liabilities amounted to CNY 11,792,243,404.49, slightly down from CNY 11,843,319,145.00 in the previous year[30]. - Total equity increased to CNY 13,729,203,076.75 from CNY 13,708,560,775.62, reflecting a growth of approximately 0.15%[26]. - Total equity increased to CNY 9,657,089,691.12 from CNY 9,592,524,824.58, reflecting a growth of 0.7% year-over-year[30]. Cash Flow Analysis - The company's cash received from sales of goods and services dropped by 35.93% due to reduced electricity sales and lower prices[13]. - The company's cash inflow from operating activities for Q1 2016 was CNY 1,454,843,586.79, a decrease of 36.4% compared to CNY 2,291,752,085.68 in the same period last year[39]. - The net cash flow from operating activities was CNY 142,034,468.44, down 69.1% from CNY 460,787,015.18 in Q1 2015[39]. - Cash inflow from financing activities was CNY 2,339,500,000.00, an increase of 14.7% from CNY 2,040,000,000.00 in the same quarter last year[40]. - The net cash flow from financing activities was CNY 211,743,636.63, compared to a net outflow of CNY -80,634,145.09 in Q1 2015[40]. - The ending cash and cash equivalents balance was CNY 91,402,385.30, down from CNY 175,946,929.97 at the end of Q1 2015[40]. - The company experienced a net decrease in cash and cash equivalents of CNY 3,049,544.04 during the quarter[40]. Market and Operational Strategy - The company did not disclose any new product developments or market expansion strategies in this report[6]. - The company is actively adapting to the competitive landscape following the electricity system reform in Inner Mongolia, focusing on expanding direct supply to large users[15]. - The company aims to enhance its competitiveness through measures such as optimizing unit operations and increasing clean energy projects[17]. - The company plans to transfer 51% of its stake in Inner Mongolia Menghua Haibowan Power Co., Ltd. to enhance performance stability and increase investment income[18]. - The company is committed to fulfilling its obligations regarding the integration of assets with its controlling shareholder, North Power[20]. Sales and Pricing - Electricity sales volume reached 6.044 billion kWh, a decline of 19.46% compared to the previous year[12]. - The average selling price of electricity decreased by 6% due to regulatory changes and increased competition in the Inner Mongolia region[12].