SDIC Power(600886)2024-04-29 10:11Financial Performance - The company's operating revenue for Q1 2024 was ¥14,107,816,667.34, representing a year-on-year increase of 6.43%[4] - The net profit attributable to shareholders was ¥2,035,488,978.93, reflecting a significant increase of 26.14% compared to the same period last year[4] - Basic earnings per share were ¥0.2671, up by 26.88% from the previous year[4] - Total revenue for Q1 2024 reached CNY 14,939,062,198.63, an increase from CNY 13,381,868,410.65 in Q1 2023, representing a growth of approximately 11.6%[20] - Net profit for Q1 2024 was CNY 3,714,132,255.45, compared to CNY 2,993,565,250.42 in Q1 2023, reflecting a year-over-year increase of about 24.2%[18] - Operating profit for Q1 2024 was CNY 4,324,000,453.30, up from CNY 3,519,092,290.36 in the same period last year, indicating a growth of approximately 22.8%[17] - Total comprehensive income for Q1 2024 was CNY 3,696,380,662.40, compared to CNY 3,013,254,742.67 in Q1 2023, indicating an increase of about 22.7%[18] Cash Flow - The net cash flow from operating activities reached ¥6,457,133,258.22, marking a 35.11% increase year-on-year[4] - Cash flow from operating activities for Q1 2024 was CNY 6,457,133,258.22, an increase from CNY 4,779,319,136.58 in Q1 2023, representing a growth of approximately 35%[20] - The net cash inflow from investment activities was -3,469,728,859.59 in the previous year, indicating a significant increase in cash outflow[21] - The total cash inflow from financing activities was 9,241,687,717.20 year-over-year[21] - The net cash outflow from financing activities was -951,532,366.72 in the previous year[21] - The company reported a net increase in cash and cash equivalents of 366,500,161.35 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥281,844,269,437.57, an increase of 1.62% from the end of the previous year[5] - Current assets totaled ¥30,043,101,519.96 as of March 31, 2024, compared to ¥28,773,105,030.75 at the end of 2023, indicating an increase of about 4.4%[12] - Non-current assets amounted to ¥251,801,167,917.61, up from ¥248,589,916,045.57, reflecting a growth of approximately 0.9%[14] - Total liabilities were reported at ¥175,809,659,149.29, slightly up from ¥175,245,660,877.97, showing a marginal increase of about 0.3%[15] - Cash and cash equivalents stood at ¥12,278,323,666.47, up from ¥11,358,005,093.47, reflecting a growth of about 8.1%[12] Shareholder Information - The equity attributable to shareholders increased to ¥61,099,330,861.29, a rise of 3.44% compared to the previous year[5] - The company's equity attributable to shareholders totaled ¥61,099,330,861.29, compared to ¥59,066,528,950.49, indicating an increase of approximately 3.4%[15] - The first major shareholder, State Development Investment Corporation, holds 51.32% of the shares[8] - The company has not indicated any changes in major shareholders or significant changes in shareholding structure during the reporting period[10] Operational Insights - The company experienced a decrease in coal prices year-on-year, contributing to the increase in net profit[7] - There are no additional important reminders regarding the company's operational situation during the reporting period[11] - The company did not apply new accounting standards or interpretations for the first quarter of 2024[22] Expenses - Research and development expenses for Q1 2024 totaled CNY 4,368,723.86, slightly down from CNY 4,412,015.36 in Q1 2023[17] - Total operating costs for Q1 2024 were CNY 9,973,222,234.51, compared to CNY 9,849,232,829.23 in Q1 2023, showing a marginal increase of about 1.3%[17] - The company reported a decrease in financial expenses to CNY 946,299,982.89 in Q1 2024 from CNY 974,429,767.91 in Q1 2023[17] - Tax expenses for Q1 2024 were CNY 606,792,505.16, compared to CNY 535,197,894.46 in Q1 2023, reflecting an increase of approximately 13.3%[17]