NMHD(600863)2014-04-24 16:00Financial Performance - Operating revenue for the first quarter was CNY 2.50 billion, representing a year-on-year growth of 7.23%[8] - Net profit attributable to shareholders was CNY 176 million, up 10.63% year-on-year[8] - Total operating revenue for the current period reached ¥2,499,494,896.96, an increase of 7.2% compared to ¥2,330,864,579.94 in the previous period[24] - Net profit for the current period was ¥316,142,441.40, representing a 21.8% increase from ¥259,505,149.11 in the previous period[24] - Earnings per share (EPS) increased to ¥0.045 from ¥0.041, marking a growth of 9.8%[24] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 35.73 billion, an increase of 0.36% compared to the end of the previous year[8] - The company's current assets totaled CNY 2.44 billion, up from CNY 2.19 billion at the beginning of the year, indicating a growth of approximately 11.5%[18] - The total liabilities of the company decreased slightly to CNY 21.54 billion from CNY 21.74 billion, a reduction of approximately 1%[20] - The company's equity attributable to shareholders rose to CNY 11.05 billion from CNY 10.86 billion, reflecting an increase of about 1.7%[20] - Total assets at the end of the period were ¥19,873,378,262.53, up from ¥19,242,485,026.78, indicating a growth of 3.3%[22] - Current assets totaled ¥3,622,555,744.91, an increase of 17.6% from ¥3,080,358,670.77 at the beginning of the year[22] - Total liabilities rose to ¥10,255,088,038.46 from ¥9,665,675,513.36, reflecting an increase of 6.1%[22] Cash Flow - Cash flow from operating activities decreased by 38.85% to CNY 471 million compared to the same period last year[8] - Operating cash inflow for the period was CNY 2,570,133,750.59, a slight increase from CNY 2,536,353,569.08 in the previous period[29] - Net cash flow from operating activities decreased to CNY 471,413,072.36 from CNY 770,939,852.62 year-over-year[29] - Cash inflow from financing activities increased to CNY 1,481,800,000.00 from CNY 1,234,000,000.00 year-over-year[30] - The ending cash and cash equivalents balance rose to CNY 476,625,654.53, up from CNY 362,639,592.04[30] Market Conditions and Strategic Moves - The average on-grid electricity price decreased, impacting electricity revenue by CNY 51.07 million due to a national price adjustment policy[11] - The company reported a significant decline in profitability due to adverse market conditions in the coal industry, impacting the performance of related assets[16] - The company has committed to gradually integrate assets from its major shareholder, Northern Power, over a five-year period, although some commitments remain unfulfilled due to market conditions[15] - The company has successfully injected the entire equity of Weijia Coal Power Co., Ltd. and Judai Power Co., Ltd. into its operations, reducing competition with Northern Power[16] - The company is currently negotiating to inject additional assets from Northern Power, although the process is subject to approval and ongoing discussions[16]