CGN POWER(003816)2024-04-24 10:58Financial Performance - The company's operating revenue for Q1 2024 was approximately RMB 19.18 billion, an increase of 4.88% compared to RMB 18.29 billion in the same period last year[4]. - Net profit attributable to shareholders for Q1 2024 was approximately RMB 3.60 billion, reflecting a growth of 3.38% from RMB 3.49 billion year-on-year[4]. - The company reported a total profit of approximately RMB 6.34 billion for Q1 2024, which is a 2.35% increase from the previous year[7]. - Total operating revenue for the current period reached ¥19,181,651,420.89, an increase of 4.9% compared to ¥18,288,822,249.36 in the previous period[19]. - Net profit for the current period was ¥5,359,117,026.11, representing a growth of 2.6% from ¥5,224,441,589.57 in the same period last year[20]. - The total profit for the current period was ¥6,341,349,229.33, up from ¥6,195,787,242.17, reflecting an increase of 2.3%[20]. - Earnings per share (basic) for the current period was ¥0.071, compared to ¥0.069 in the previous period, showing a growth of 2.9%[20]. Cash Flow - The cash flow from operating activities for Q1 2024 was RMB 5.58 billion, up 25.19% from RMB 4.46 billion in the previous year[4]. - In Q1 2024, the company reported cash inflows from operating activities of ¥23,686,960,843.42, an increase from ¥21,376,339,596.27 in the previous year, representing a growth of approximately 10.8%[21]. - The net cash flow from operating activities for Q1 2024 was ¥5,584,115,647.60, up from ¥4,460,418,797.08 in Q1 2023, indicating a year-over-year increase of about 25.2%[21]. - The company experienced a net cash outflow from investing activities of ¥2,491,911,595.88, compared to a net outflow of ¥1,697,116,713.25 in the same period last year, reflecting a worsening of approximately 46.7%[21]. - Cash inflows from financing activities totaled ¥20,986,917,010.32, an increase from ¥18,907,172,590.91 in Q1 2023, marking a growth of about 11.0%[22]. - The net cash flow from financing activities was ¥1,487,886,096.98, significantly higher than the previous year's net flow of ¥322,975,190.57, showing an increase of approximately 360.5%[22]. - The company received tax refunds of ¥285,970,179.00 in Q1 2024, a decrease from ¥474,991,644.87 in the previous year, indicating a decline of approximately 40.0%[21]. - Payments to employees increased to ¥2,795,102,510.35 in Q1 2024 from ¥2,556,744,180.03 in Q1 2023, reflecting an increase of about 9.4%[21]. - The company reported cash outflows for taxes of ¥1,844,280,855.63, down from ¥2,369,828,251.31 in the previous year, indicating a decrease of approximately 22.2%[21]. Assets and Liabilities - The company's total assets at the end of Q1 2024 were approximately RMB 419.18 billion, a 0.95% increase from RMB 415.25 billion at the end of the previous year[4]. - Total liabilities reached ¥250.75 billion, slightly up from ¥249.95 billion, indicating a marginal increase of 0.3%[17]. - The company's cash and cash equivalents increased to ¥19.32 billion from ¥15.74 billion, representing a growth of 22.4%[16]. - The total equity attributable to shareholders increased by 3.28% to approximately RMB 116.95 billion from RMB 113.24 billion at the end of the previous year[4]. - The total equity increased to ¥168.43 billion from ¥165.30 billion, reflecting a growth of 1.3%[18]. - The company's short-term borrowings increased to ¥17.78 billion from ¥14.25 billion, reflecting a rise of 24.0%[17]. - Accounts receivable decreased to ¥11.46 billion from ¥11.83 billion, showing a decline of 3.2%[16]. - Inventory decreased to ¥19.40 billion from ¥20.57 billion, a reduction of 5.7%[16]. - The company reported a total non-current asset value of ¥342.84 billion, slightly up from ¥342.46 billion, indicating a growth of 0.1%[17]. - The company's contract liabilities increased to ¥3.26 billion from ¥2.85 billion, representing a growth of 14.5%[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 174,496, including 3,183 from the top 10 shareholders[12]. - China General Nuclear Power Corporation holds 58.89% of shares, totaling 29,736,876,375 shares[12]. - Hong Kong Central Clearing Limited owns 20.02% of shares, amounting to 10,110,557,400 shares[12]. - Guangdong Hengjian Investment Holding Co., Ltd. holds 6.79% of shares, which is 3,428,512,500 shares[12]. - The company plans to distribute a cash dividend of RMB 0.94 per 10 shares, pending shareholder approval at the 2023 annual general meeting[15]. - The expected date for dividend distribution is around July 10, 2024, following approval[15]. - The report indicates that there were no findings of the top 10 shareholders participating in margin financing and securities lending[13]. - The company has not identified any related party relationships among the top shareholders[14]. - The total number of shares held by the top 10 shareholders accounted for a significant portion of the total equity[14]. Research and Development - Research and development expenses for the year-to-date period were RMB 113.17 million, a decrease of 46.13% compared to RMB 210.07 million in the same period last year[9]. - Research and development expenses decreased to ¥113,170,439.66 from ¥210,070,915.96, indicating a reduction of 46.1%[19]. Other Information - The company's weighted average return on equity for Q1 2024 was 3.13%, down 0.08 percentage points from 3.21% in the same period last year[4]. - The company has not yet audited the Q1 2024 report, as stated in the announcement[23].