恒源煤电(600971) - 2018 Q1 - 季度财报

Financial Performance - Revenue decreased by 3.71% to CNY 1.53 billion compared to the previous year[6] - Net profit attributable to shareholders decreased by 29.09% to CNY 204 million year-on-year[6] - Basic earnings per share decreased by 29.07% to CNY 0.2040 compared to the same period last year[6] - The weighted average return on equity decreased by 2.02 percentage points to 2.88%[6] - Net profit for the year-to-date was 20,330.55 million yuan, a decrease of 30.02% year-on-year, mainly due to the provision for income tax expenses[16] - Total operating revenue for Q1 2018 was CNY 1,533,182,546.21, a decrease of 3.7% compared to CNY 1,592,244,331.95 in the same period last year[30] - Net profit for Q1 2018 was CNY 203,305,452.21, a decline of 30% compared to CNY 290,520,206.10 in the previous year[31] - The net profit for Q1 2018 was CNY 206,066,515.41, down 27.3% from CNY 283,101,596.89 in the same period last year[33] - The total comprehensive income for Q1 2018 was CNY 206,066,515.41, down from CNY 283,101,596.89 in the previous year[34] Assets and Liabilities - Total assets increased by 2.6% to CNY 14.62 billion compared to the end of the previous year[6] - Total assets at the end of the period amounted to 14,616.66 million yuan, an increase from 14,245.72 million yuan at the beginning of the period[23] - Current liabilities at the end of the period totaled 5,252.89 million yuan, an increase from 5,135.53 million yuan at the beginning of the period[23] - Total liabilities as of March 31, 2018, were CNY 7,238,555,448.32, compared to CNY 7,128,981,320.51 at the start of the year[28] - The company's total equity as of March 31, 2018, was CNY 7,111,932,048.40, up from CNY 6,849,714,895.39 at the beginning of the year[28] Cash Flow - Operating cash flow net amount increased by 58.02% to CNY 419 million compared to the same period last year[6] - Net cash flow from operating activities for the year-to-date was 41,900.83 million yuan, an increase of 58.02% year-on-year, mainly due to increased efforts in debt collection and a decrease in receivables[18] - The cash flow from operating activities for Q1 2018 was CNY 419,008,334.21, an increase of 57.9% from CNY 265,157,704.77 in the previous period[37] - Total cash inflow from operating activities reached ¥2,025,971,062.11, up from ¥1,655,139,231.74, reflecting a growth of 22.4% year-over-year[38] - The net cash flow from operating activities for Q1 2018 was ¥427,639,261.63, an increase of 61.8% compared to ¥264,388,723.76 in the same period last year[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 48,787[9] - The largest shareholder, Anhui Wanbei Coal Electricity Group, holds 54.96% of the shares[10] Expenses - Management expenses for the year-to-date amounted to 20,696.81 million yuan, an increase of 36.54% year-on-year, mainly due to increased R&D expenses, employee compensation, and repair costs[14] - Financial expenses for the year-to-date were 3,133.63 million yuan, a decrease of 38.21% year-on-year, primarily due to increased bank deposits and interest income offsetting interest expenses[15] - The company's financial expenses decreased to CNY 32,668,628.39 from CNY 51,135,187.13, a reduction of 36.0%[33] - The company reported a decrease in sales expenses to CNY 20,557,962.45 from CNY 18,781,750.25, a rise of 9.5% year-on-year[31] Investment Activities - Net cash flow from investing activities for the year-to-date was -5,908.44 million yuan, a decrease of 63.02% year-on-year, primarily due to the repayment of the acquisition price for the Wugou coal mine equity last year, which did not occur this year[18] - The cash outflow for investment activities was CNY 59,084,366.70, a decrease from CNY 159,754,288.51 in the previous period[37] - The net cash flow from investing activities was -¥58,415,269.20, an improvement from -¥159,341,087.51 in the previous year[40] Financing Activities - Net cash flow from financing activities for the year-to-date was 22,151.92 million yuan, compared to a net outflow of 6,758.43 million yuan in the same period last year, mainly due to timing differences in the renewal of certain bank loans[18] - The company raised CNY 550,000,000.00 through borrowings in Q1 2018, compared to CNY 180,000,000.00 in the previous year[37] - Cash inflow from financing activities totaled ¥550,000,000.00, significantly higher than ¥180,000,000.00 in the same quarter last year, marking a 205.6% increase[40] - The net cash flow from financing activities was ¥223,895,162.54, compared to -¥66,977,909.14 in Q1 2017, indicating a positive turnaround[40]