长江电力(600900) - 2024 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the first quarter of 2024 was RMB 15,640,900,490.43, an increase of 1.58% compared to the same period last year[4] - Total revenue for Q1 2024 reached RMB 15.64 billion, a 1.6% increase compared to RMB 15.40 billion in Q1 2023[18] - Revenue for Q1 2024 rose to RMB 3.70 billion, compared to RMB 3.27 billion in Q1 2023[31] - Net profit attributable to shareholders of the listed company was RMB 3,966,850,824.31, up 9.80% year-on-year[4] - Net profit for Q1 2024 was RMB 4.08 billion, up 9.1% from RMB 3.74 billion in Q1 2023[19] - Net profit for Q1 2024 increased to RMB 1.15 billion, up from RMB 557.11 million in Q1 2023[31][32] - Net profit attributable to parent company shareholders increased to 3,966,850,824.31 RMB from 3,612,922,772.00 RMB, a growth of approximately 9.8%[20] - Operating profit for Q1 2024 was RMB 4.86 billion, a 9.9% increase from RMB 4.43 billion in Q1 2023[19] - Operating profit for Q1 2024 surged to RMB 1.26 billion, up from RMB 577.15 million in Q1 2023[32] Cash Flow and Financial Activities - Net cash flow from operating activities surged by 59.59% to RMB 12,093,344,021.00[5] - The increase in net cash flow from operating activities was primarily due to higher electricity fee collections during the reporting period[8] - Cash flow from operating activities surged to 12,093,344,021.00 RMB, up from 7,577,578,299.69 RMB, a 59.6% increase[23] - Cash received from sales of goods and services rose to 18,363,701,216.36 RMB from 13,060,820,787.08 RMB, a 40.6% increase[23] - Cash outflow from investing activities decreased to 8,554,581,012.36 RMB from 82,362,947,007.63 RMB, a significant reduction[24] - Net cash flow from financing activities was -9,738,592,026.16 RMB, compared to 59,232,173,770.13 RMB in the previous period[26] - Cash and cash equivalents at the end of the period stood at 8,049,115,700.89 RMB, up from 7,787,927,635.55 RMB at the beginning[26] - Operating cash flow increased to RMB 3,056,501,259.94 in Q1 2024, up 17.5% from RMB 2,600,434,797.08 in Q1 2023[33] - Sales revenue from goods and services reached RMB 4,427,494,972.16 in Q1 2024, a 19.2% increase from RMB 3,715,431,481.98 in Q1 2023[33] - Investment cash inflow decreased to RMB 9,502,678,737.12 in Q1 2024, down 50.6% from RMB 19,234,443,486.39 in Q1 2023[33] - Investment cash outflow significantly reduced to RMB 6,623,232,190.72 in Q1 2024, a 91.7% decrease from RMB 80,154,199,489.39 in Q1 2023[34] - Net cash flow from investment activities improved to RMB 2,879,446,546.40 in Q1 2024, compared to a negative RMB 60,919,756,003.00 in Q1 2023[34] - Cash and cash equivalents at the end of Q1 2024 stood at RMB 3,301,366,064.66, a 40.6% decrease from RMB 5,560,959,515.49 at the end of Q1 2023[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 568,667,686,891.10, a slight decrease of 0.62% compared to the end of the previous year[5] - Total assets as of Q1 2024 stood at RMB 568.67 billion, a slight decrease from RMB 572.22 billion at the end of 2023[15] - Total assets decreased from RMB 312.90 billion to RMB 310.91 billion, a reduction of RMB 1.98 billion[27][30] - Total liabilities decreased to RMB 351.96 billion in Q1 2024 from RMB 359.87 billion at the end of 2023[16] - Total liabilities decreased from RMB 149.43 billion to RMB 146.24 billion[30] - Equity attributable to shareholders of the listed company grew by 2.08% to RMB 205,567,212,413.02[5] - Total equity attributable to shareholders increased to RMB 205.57 billion in Q1 2024 from RMB 201.38 billion at the end of 2023[16] - Total equity increased to RMB 164.68 billion from RMB 163.47 billion[30] - Short-term borrowings rose to RMB 56.46 billion in Q1 2024, up 4.6% from RMB 53.99 billion at the end of 2023[15] Investments and Financial Metrics - The company's long-term equity investments increased to RMB 72,795,711,799.06 as of March 31, 2024, up from RMB 71,684,283,644.31 at the end of 2023[14] - Long-term equity investments increased slightly to RMB 194.44 billion from RMB 193.19 billion[27] - Investment income in Q1 2024 was RMB 900.42 million, a 55.7% increase compared to RMB 578.18 million in Q1 2023[19] - Financial expenses decreased to RMB 2.85 billion in Q1 2024, down 9.4% from RMB 3.15 billion in Q1 2023[19] - Other comprehensive income after tax improved significantly to 268,457,533.76 RMB from -372,666,129.50 RMB[20] - Basic earnings per share (EPS) increased by 6.16% to RMB 0.1621[5] - Basic and diluted earnings per share increased to 0.1621 RMB from 0.1527 RMB[20] Operational Metrics and Expenses - Non-recurring gains and losses amounted to a net loss of RMB 12,597,179.48[7] - R&D expenses in Q1 2024 surged to RMB 103.33 million, a 188.7% increase compared to RMB 35.79 million in Q1 2023[19] - R&D expenses increased significantly to RMB 50.93 million in Q1 2024, compared to RMB 16.23 million in Q1 2023[31] - The company had 261,588 ordinary shareholders at the end of the reporting period[9] Asset Composition and Changes - China Yangtze Power Corporation's total current assets as of March 31, 2024, amounted to RMB 17,275,842,216.32, a slight decrease from RMB 17,716,231,930.61 at the end of 2023[14] - Fixed assets decreased to RMB 440,306,633,623.35 as of March 31, 2024, compared to RMB 444,900,396,976.26 at the end of 2023[14] - The company's monetary funds increased to RMB 8,062,140,600.89 as of March 31, 2024, from RMB 7,800,007,535.55 at the end of 2023[14] - Accounts receivable decreased to RMB 7,894,548,351.59 as of March 31, 2024, from RMB 8,510,343,962.88 at the end of 2023[14] - Prepayments increased to RMB 101,965,693.31 as of March 31, 2024, from RMB 77,022,239.37 at the end of 2023[14] - Other receivables increased to RMB 314,518,066.18 as of March 31, 2024, from RMB 301,284,111.78 at the end of 2023[14] - Inventory decreased to RMB 577,315,618.29 as of March 31, 2024, from RMB 586,548,003.46 at the end of 2023[14] - Contract assets decreased to RMB 6,534,859.44 as of March 31, 2024, from RMB 11,348,594.37 at the end of 2023[14] - Other current assets decreased to RMB 318,819,026.62 as of March 31, 2024, from RMB 408,563,789.48 at the end of 2023[14] - Cash and cash equivalents rose to RMB 3.30 billion from RMB 1.83 billion[27] - Accounts receivable decreased to RMB 1.43 billion from RMB 1.69 billion[27]