NMHD(600863)2017-04-25 16:00Financial Performance - Operating revenue increased by 17.18% to CNY 1.95 billion year-on-year[6] - Net profit attributable to shareholders decreased significantly by 4537.31% to a loss of CNY 165.85 million[6] - Basic and diluted earnings per share were both -CNY 0.029, a decrease of 4537.31%[6] - The company's operating revenue reached RMB 1.955 billion, an increase of RMB 287 million or 17.18% year-on-year, primarily due to the commercial operation of two 600MW power generation units[12] - The company reported a net loss of RMB 212 million, a decrease in profit of RMB 236 million compared to the same period last year, with a net profit attributable to shareholders of RMB -166 million, down RMB 170 million year-on-year[12] - Total operating revenue for Q1 2017 was CNY 1,954,586,276.22, an increase of 17.2% compared to CNY 1,668,018,683.96 in the same period last year[27] - The net profit for Q1 2017 was a loss of CNY 159,071,327.95, compared to a profit of CNY 64,564,866.54 in the same period last year, indicating a significant decline[31] - The company's operating profit for Q1 2017 was a loss of CNY 160,915,216.96, compared to a profit of CNY 63,833,050.31 in the same period last year[30] - The total profit for Q1 2017 was a loss of CNY 159,071,327.95, compared to a profit of CNY 64,564,866.54 in the same period last year[31] Assets and Liabilities - Total assets decreased by 1.95% to CNY 38.91 billion compared to the end of the previous year[6] - The balance of fixed assets increased to RMB 25.011 billion from RMB 21.440 billion at the beginning of the year[19] - Non-current assets totaled CNY 19,721,088,310.41, an increase from CNY 19,412,494,728.24 at the beginning of the year[24] - Total liabilities were CNY 13,429,056,232.23, an increase from CNY 13,168,420,283.31 year-on-year[25] - Shareholders' equity totaled CNY 9,590,879,997.49, down from CNY 9,749,951,325.44 at the beginning of the year[25] - Current liabilities decreased to CNY 6,928,368,422.09 from CNY 7,004,243,757.23 at the beginning of the year, a reduction of 1.1%[24] Cash Flow - Cash flow from operating activities decreased by 47.14% to CNY 75.07 million compared to the same period last year[6] - The net cash flow from operating activities for Q1 2017 was -100,412,135.28 RMB, compared to -11,671,863.28 RMB in the same period last year, indicating a significant decline[33] - Cash inflows from operating activities for Q1 2017 totaled CNY 1,585,284,500.12, an increase from CNY 1,454,843,586.79 in the previous year[31] - The company reported a total cash outflow from operating activities of 264,582,052.07 RMB, which was higher than the previous year's outflow of 219,755,145.99 RMB[33] - The cash inflow from sales of goods and services was 152,383,378.46 RMB, a decrease from 203,022,463.18 RMB in the prior year[33] - The company experienced a net decrease in cash and cash equivalents of 35,248,202.51 RMB during the quarter[34] Operational Costs - Total operating costs for Q1 2017 were CNY 2,224,550,136.34, up 26.4% from CNY 1,759,597,393.40 in Q1 2016[27] - The average selling price of electricity decreased by RMB 15.19 per MWh (excluding tax) due to an increase in trading volume and price differentials[12] - The price of coal used for power generation increased by nearly 40% year-on-year, significantly compressing profit margins for thermal power companies[12] - The cash outflow for purchasing goods and services was 107,394,428.47 RMB, compared to 61,537,049.58 RMB in the previous year, indicating increased operational costs[33] Shareholder Information - The total number of shareholders reached 258,801 at the end of the reporting period[10] - The largest shareholder, Northern United Power Group, holds 56.63% of the shares[10] Other Financial Information - Government subsidies recognized in the current period amounted to CNY 1.46 million[8] - The company reported a total non-operating loss of CNY 1.78 million[8] - The financial expenses for Q1 2017 amounted to CNY 85,182,781.80, up from CNY 81,495,317.74 in the previous year, reflecting an increase of about 4.2%[30] - The investment income for Q1 2017 was a loss of CNY 40,249,341.13, contrasting with a profit of CNY 113,662,099.81 in the previous year, showing a substantial decrease[30] - The company raised 2,172,000,000.00 RMB through borrowings in Q1 2017, an increase from 1,862,000,000.00 RMB in the previous year[34] - The net cash flow from financing activities was 373,510,104.57 RMB, compared to -160,414,260.73 RMB in the same quarter last year, showing a positive turnaround[34]