RNS Number : 1748R
Zhejiang Southeast Elec Power Co Ld
25 April 2009
Zhejiang Southeast Electric Power Company Limited
The 1st Quarterly Results 2009
1 Main Accounting Figures and Financial Indicators（unaudited）：
Currency: RMB
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At End of Current Period
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At End of Prior Year
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Increase/Decrease at Current Period End Compared with That at Prior Year End (%)
|
|
Total Assets (yuan)
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15,924,543,852.15
|
15,637,758,966.04
|
1.83
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Owner's equity (or Shareholders' Equity) (yuan)
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7,988,114,864.21
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7,463,832,556.96
|
7.02
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Net Asset per Share Belonging to (yuan) Shareholders of the Company
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3.97
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3.71
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7.01
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From Year Beginning to Current Period End
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Increase/Decrease in Current Period Compared with That in Same Period of Prior Year (%)
|
|
Net Cash Flow Generated from Operating Activities (yuan)
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339,098,626.16
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784.55
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Net Cash Flow Generated from Operating Activities per share (yuan)
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0.1687
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783.25
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In Current Period
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From Year Beginning to Current Period End
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Increase/Decrease in Current Period Compared with That in Same Period of Prior Year (%)
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Net Profit Belonging to Shareholders of the Company (yuan)
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-7,142,921.23
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-7,142,921.23
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-102.99
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Basic Earnings per Share (yuan)
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-0.0036
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-0.0036
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-103.03
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Basic Earnings per Share after Deducting Non-recurring Gains and Losses (yuan)
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-0.0031
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-0.0031
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-109.81
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Diluted Earnings per Share (yuan)
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-0.0036
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-0.0036
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-103.03
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Diluted Yield on Net Assets (%)
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-0.0894
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-0.0894
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Decreased by 2.4451%
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Diluted Yield on Net Assets after Deducting Non-recurring Gains and Losses (%)
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-0.0784
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-0.0784
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Decreased by 0.7042%
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2 Analysis of Development of Major Events and Their Impacts and Solutions
The Company's subsidiary Zhejiang Zheneng Changxing Power Generation Co. Ltd (ZCPGC) currently owns 40.12% of equity of Zhejiang Changxing Jietong Logistics Co. Ltd (ZCJLC). As the other two investors, namely Zhejiang Zheneng Fuxing Fuel Company Limited and Zhejiang Xingyuan Investment Company Limited holding 15% and 10% ZCJLC's equity respectively entrusted their corresponding voting rights to ZCPGC on 1 January 2005, ZCJLC was previously incorporated into the Company's consolidated financial statements.
In current period, in the light of share restructuring of ZCJLC, ZCPGC separately signed agreements with Zhejiang Zheneng Fuxing Fuel Company Limited and Zhejiang Xingyuan Investment Company Limited, based on which the voting right entrustment between them was revoked from 1 January 2009. Thereafter, the shareholders of ZCJLC would exercise their voting rights in proportion to their shareholding ratios. In view of the fact that ZCPGC no longer had controlling power over ZCJLC, ZCJLC was not incorporated into the Company's consolidated financial statements.
Board of Directors
Zhejiang Southeast Electric Power Company
23 April 2009
This information is provided by RNS
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