STEIN 1 1955 TYPE IND the state 8784 半 年 度 報 告 ( 於中學人民共和國註冊成立的股份有限公司 ) 股份代號: 00338 香港 600688 上海 中國百化上海口油化工股份有限公司 SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED 2024 目錄 2 重要提示 3 釋義 4 公司簡介和主要財務指標 6 董事會報告 26 重要事項 40 普通股股份變動及股東情況 45 董事、監事、高級管理人員情況及其他 | --- | --- | |-------|------------------------------------------------------------------| | | | | 50 | 中期財務資料的審閱報告 | | A. | 按照《國際財務報告準則》編製的簡明合併中期財務資料（未經審核） | | 51 | 中期簡明合併利潤表 | | 52 | 中期簡明合併綜合收益表 | | 53 | 中期簡明合併資產負債表 | | 56 | 中期簡明合併股東權益變動表 | | 58 | 中期簡明合併現金流量表 | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Sinopec Shanghai Petrochemical Company Limited 中國石化上海石油化工股份有限公司 （股份代號：00338） （於中華人民共和國註冊成立之股份有限公司） 截至2024年6月30日止六個月之2024年半年度報告摘要 1. 重要提示 1.1 本半年度報告摘要來自中國石化上海石油化工股份有限公司（「公司」或「本公司」或 「上海石化」，連同其附屬公司統稱為「本集團」）截至2024年6月30日止六個月（「報告 期」或「本報告期」）之2024年半年度報告全文，投資者欲了解詳細內容，應當仔細閱 讀同時刊載於上海證券交易所或中國證券監督管理委員會指定網站、香港聯合交易 所有限公司（「香港交易所」）及本公司網站的2024年半年度報告全文。 1.2 公司簡介 | --- | --- | |----------------|------------------| | | | | 股 ...

Financial Performance - For the fiscal year 2023, the net loss attributable to shareholders of the company was RMB 1,405,876 thousand under Chinese accounting standards, and RMB 1,346,147 thousand under International Financial Reporting Standards[4]. - The company reported a pre-tax loss of RMB (1,655.41) million for 2023, an improvement from a loss of RMB (3,573.65) million in 2022, indicating a reduction in losses by about 53.7%[11]. - The net loss attributable to shareholders for 2023 was RMB (1,346.15) million, compared to a loss of RMB (2,846.05) million in 2022, reflecting a decrease in losses by approximately 52.7%[11]. - The company's total assets as of December 31, 2023, were RMB 39,564.23 million, down from RMB 41,136.76 million in 2022, marking a decline of about 3.8%[11]. - The total liabilities decreased slightly to RMB 14,635.34 million in 2023 from RMB 14,781.36 million in 2022, a reduction of approximately 1.0%[11]. - The company's operating revenue for 2023 was RMB 93,013.60 million, up 12.72% from RMB 82,518.32 million in 2022[14]. - The net cash flow from operating activities improved significantly to RMB 806.996 million in 2023, compared to a cash outflow of RMB (7,337.50) million in 2022[14]. - The company's total equity attributable to shareholders decreased to RMB 24,810.92 million in 2023 from RMB 26,227.72 million in 2022, a decline of approximately 5.4%[11]. - The company reported a consolidated net profit of RMB -1.35 billion for the year, compared to RMB -2.84 billion in the previous year[67]. - The total sales cost was RMB 81.83 billion, resulting in an operating loss of RMB -1.75 billion for the year[67]. Dividends and Shareholder Information - The board of directors recommended not to distribute dividends for the fiscal year 2023 and also not to increase capital from reserves[4]. - The company reported a total of 93,789 common stock shareholders as of the end of the reporting period, an increase from 93,550 at the end of the previous month[29]. - The company executed a share cancellation of 24.528 million H-shares in February 2023, reducing the total share capital[13]. - The top shareholder, China Petroleum & Chemical Corporation, holds 5,459,455,000 shares, representing 50.55% of total shares[30]. - Hong Kong Central Clearing (Agent) Limited has a holding of 3,451,406,030 shares, accounting for 31.96% of total shares, with a decrease of 1,109,000 shares during the reporting period[30]. Market Position and Strategy - The company is positioned as a leading integrated petrochemical enterprise in China, focusing on refining and chemical production, primarily serving the domestic market with significant sales in the East China region[9]. - The company aims to continuously improve operational efficiency and strives to become a "domestically leading, world-class" energy, chemical, and new materials company[9]. - The company plans to continue expanding its market presence and product offerings, focusing on both refining and chemical products[22]. - The majority of the company's sales revenue comes from the East China region, which is one of the fastest-growing areas in China[50]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to strengthen its market position[149]. Product and Sales Performance - The company's net sales for the year ended December 31, 2023, reached RMB 80,077.76 million, an increase from RMB 72,654.56 million in 2022, representing a growth of approximately 10.5%[11]. - The main products contributing to sales in 2023 included gasoline (26.38%), diesel (22.38%), and aviation kerosene (9.62%), collectively accounting for 64.79% of total sales[25]. - The net sales of refining products amounted to RMB 51.88 billion, up 25.18% from RMB 41.44 billion in the previous year, driven by a 35.17% increase in sales volume[69]. - The net sales of chemical products were RMB 19.03 billion, a 4.17% increase from RMB 18.27 billion in 2022, accounting for 23.77% of total sales[70]. - The net sales from petrochemical trading decreased by 31.93% to RMB 8.17 billion, down from RMB 12.01 billion, representing 10.20% of total sales[71]. Environmental and Social Responsibility - The company achieved a 100% compliance rate for wastewater discharge standards in 2023, with a total of 632.38 tons of chemical oxygen demand reported[190]. - The company reported a 100% compliance rate for air pollutant emissions, with a total of 180.41 tons of sulfur dioxide emitted in 2023[188]. - The company invested a total of RMB 2.8995 million in poverty alleviation and rural revitalization projects, benefiting 1,740 individuals[198]. - The company has been continuously promoting the ISO 14001 environmental management system certification since 2013[186]. - The company was recognized as a "Green Enterprise" by China Petroleum in 2022 and again in 2023, maintaining its status as an environmentally friendly enterprise[186]. Risks and Challenges - The company faces risks from the cyclical nature of the oil and petrochemical markets, with potential adverse effects on operations due to price volatility of crude oil and petrochemical products[135]. - The company relies on imports for over 95% of its crude oil, facing risks related to procurement and the inability to fully pass on rising crude oil costs to customers due to market conditions and government regulations[136]. - Fluctuations in the RMB exchange rate against foreign currencies could adversely affect the company’s business and profitability, especially since a significant portion of crude oil procurement is priced in foreign currencies[139]. - Related party transactions with Sinopec and its affiliates may impact the company’s business and economic benefits if agreements are modified unfavorably[140]. Governance and Compliance - The company has implemented a modernized governance system to enhance management efficiency and promote talent development[59]. - The company has no significant litigation or arbitration matters during the reporting period[172]. - There were no penalties or regulatory actions against the company or its executives during the reporting period[173]. - The company has adopted new accounting standards effective from January 1, 2023, impacting the financial reporting framework[167]. - The domestic auditor, KPMG Huazhen LLP, has been retained for the 2023 fiscal year with a fee of RMB 3,418,500, and the audit term is set for three years[171].

Financial Performance - The company's operating revenue for Q1 2024 was RMB 21,282,263 thousand, representing a decrease of 3.17% compared to the same period last year[4]. - Total operating revenue for Q1 2024 was RMB 21,282,263, a decrease of 3.16% compared to RMB 21,978,009 in Q1 2023[15]. - Total operating costs decreased to RMB 21,153,044 in Q1 2024 from RMB 22,139,134 in Q1 2023, representing a reduction of 4.44%[15]. - Net profit for Q1 2024 was RMB 85,195, a significant recovery from a net loss of RMB 162,346 in Q1 2023[16]. - Operating profit for Q1 2024 was RMB 129,219, compared to an operating loss of RMB 161,125 in the same period last year[15]. - Net profit attributable to shareholders was RMB 84,061 thousand, while net profit excluding non-recurring gains and losses was RMB 98,108 thousand[4]. - The weighted average return on net assets increased by 0.96 percentage points to 0.338%[4]. - The company achieved earnings per share of RMB 0.008 in Q1 2024, recovering from a loss per share of RMB -0.015 in Q1 2023[16]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -718,251 thousand[4]. - Cash flow from operating activities showed a net outflow of RMB 718,251 in Q1 2024, worsening from a net outflow of RMB 29,479 in Q1 2023[17]. - Cash flow from financing activities generated a net inflow of RMB 1,416,191 in Q1 2024, down from RMB 3,464,658 in Q1 2023[18]. - Cash and cash equivalents increased by 54.29%, mainly due to an increase in time deposits maturing within one year[8]. - The company reported cash and cash equivalents of RMB 5,344,773 at the end of Q1 2024, an increase from RMB 3,953,405 at the end of Q1 2023[18]. - Cash and cash equivalents increased to 8,651,248,000 RMB from 5,607,013,000 RMB[13]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 39,544,994 thousand, a decrease of 0.29% from the end of the previous year[5]. - The company's total assets as of March 31, 2024, are 39,544,994,000 RMB, slightly decreased from 39,658,244,000 RMB[14]. - Current assets as of March 31, 2024, amount to 18,535,268,000 RMB, an increase from 15,454,832,000 RMB as of December 31, 2023[13]. - Total liabilities as of March 31, 2024, are 14,560,818,000 RMB, down from 14,715,337,000 RMB at the end of 2023[14]. - Shareholders' equity attributable to the company increased by 0.21% to RMB 24,877,304 thousand[5]. - The retained earnings increased to 6,601,233,000 RMB from 6,517,172,000 RMB[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 93,561[9]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 5,459,455,000 shares, accounting for 50.55% of total shares[9]. - The second largest shareholder, Hong Kong Central Clearing Limited, holds 3,427,154,780 shares, representing 31.74% of total shares[9]. - There are no significant related party transactions among the top shareholders[10]. - The company has no significant changes in the number of shares lent or returned due to margin trading[11]. Other Financial Metrics - Non-recurring losses totaled RMB -14,047 thousand, primarily due to severance benefits[6]. - Research and development expenses increased to RMB 35,083 in Q1 2024 from RMB 30,776 in Q1 2023, reflecting a growth of 13.00%[15]. - The company reported a significant increase in government subsidies, contributing to a 74.01% rise in other income[8]. Future Outlook - The company plans to continue focusing on market expansion and new technology development to enhance future performance[15].

智通财经APP讯，上海石油化工股份(00338)发布公告，公司第十一届董事会审计与合规管理委员会第三 次会议审议通过了《关于续聘2024年度境内及境外会计师事务所并建议授权董事会决定其酬金的议 案》。董事会审计与合规管理委员会认为:毕马威华振和毕马威香港具备应有的专业胜任能力、投资者 保护能力、独立性及良好的诚信状况，并同意将该提案提交董事会审议。 公司于2024年3月20日召开公司第十一届董事会第六次会议，以11票同意、0票反对、0票弃权审议通过 了《关于续聘2024年度境内及境外会计师事务所并授权董事会决定其酬金的议案》。 ...

Financial Performance - The net loss attributable to shareholders for 2023 was RMB 1,405,876 thousand, a decrease of 51.05% compared to the previous year's loss of RMB 2,871,969 thousand[3]. - Total operating revenue for 2023 was RMB 93,013,595 thousand, representing a 12.72% increase from RMB 82,518,315 thousand in 2022[9]. - The basic loss per share for 2023 was RMB (0.130), a 50.94% improvement from RMB (0.265) in 2022[10]. - The weighted average return on equity for 2023 was (5.504)%, an increase of 4.66 percentage points from (10.162)% in 2022[10]. - The company reported a net loss attributable to shareholders of RMB 1,346.15 million for 2023, compared to a loss of RMB 2,846.05 million in 2022, indicating an improvement of about 52.7%[14]. - The total operating loss for 2023 was RMB 1,752.95 million, compared to a profit of RMB 1,432.20 million in 2021[34]. - The operating loss for 2023 was RMB 1.75 billion, an improvement of RMB 2.09 billion compared to an operating loss of RMB 3.84 billion in the previous year[43]. - The pre-tax loss for 2023 was RMB 1.66 billion, reduced by RMB 1.92 billion from a pre-tax loss of RMB 3.57 billion in 2022[48]. - The net loss after tax for 2023 was RMB 1.35 billion, a decrease of RMB 1.49 billion from a net loss of RMB 2.84 billion in the previous year[49]. - The total comprehensive loss for the year was RMB 1,363,294 thousand, an improvement from RMB 2,690,362 thousand in 2022, reflecting a reduction of 49.3%[126]. Cash Flow and Assets - The company reported a net cash flow from operating activities of RMB (1,365,513) thousand, a 50.75% decrease compared to RMB (2,790,670) thousand in 2022[9]. - The company experienced a net cash flow from operating activities of RMB 1,695,312 thousand in Q4 2023, a significant recovery compared to the negative cash flows in the previous three quarters[15]. - The company's cash flow from operating activities showed a significant improvement, with a net cash inflow of RMB 1,200,000 thousand in 2023 compared to a net outflow of RMB 500,000 thousand in 2022[125]. - The company's total assets decreased by 3.84% to RMB 39,658,244 thousand at the end of 2023, down from RMB 41,242,782 thousand in 2022[9]. - The company's total assets as of December 31, 2023, were RMB 39,658,244 thousand, down from RMB 41,242,782 thousand as of December 31, 2022[124]. - The company's cash and cash equivalents increased to RMB 5.61 billion in 2023 from RMB 3.99 billion in 2022, representing a growth of approximately 40.4%[122]. - The company's inventory rose to RMB 7.75 billion in 2023, compared to RMB 7.29 billion in 2022, indicating an increase of about 6.3%[122]. - The company's total current assets were reported at RMB 15.45 billion, slightly down from RMB 15.77 billion in the previous year[122]. - The company's accounts receivable as of December 31, 2023, totaled RMB 2,649,838 thousand, a decrease from RMB 2,815,841 thousand as of December 31, 2022, indicating a reduction of about 5.9%[153]. Revenue and Sales - The company's net sales for 2023 reached RMB 80,077.76 million, an increase from RMB 72,654.56 million in 2022, representing a growth of approximately 5.8%[14]. - The company's revenue for the year reached RMB 92.93 billion, an increase of 12.72% compared to the previous year[21]. - The net revenue for 2023 was RMB 80.08 billion, an increase of 10.22% from RMB 72.66 billion in 2022[36]. - The net revenue from refining products reached RMB 51.88 billion, up 25.18% from RMB 41.44 billion in the previous year, driven by a 35.17% increase in sales volume[37]. - The total sales volume for 2023 reached 12,528.08 thousand tons, with a net sales amount of RMB 80,077.76 million, representing a 10.00% increase from RMB 72,654.56 million in 2022[33]. - Revenue from a single customer amounted to RMB 66,435,767 thousand in 2023, up from RMB 52,190,120 thousand in 2022, marking a significant increase of around 27.3%[163]. Costs and Expenses - The total sales costs and expenses for 2023 were RMB 81.83 billion, a rise of 6.97% from RMB 76.50 billion in 2022[39]. - The company's sales cost for 2023 was RMB 81.61 billion, which accounted for 102.19% of the total net revenue[40]. - The company reported a significant increase in sales costs, with refined products' sales costs at RMB 52,111.60 million, which is 65.08% of net sales[34]. - The total cost of crude oil processing increased by RMB 9.69 billion, up 20.56%, accounting for 69.63% of total sales costs[23]. - The company's sales and management expenses increased by 7.48% to RMB 316 million in 2023, up from RMB 294 million in 2022[41]. Research and Development - Research and development expenses for 2023 amounted to RMB 187 million, an increase from RMB 131 million in 2022 and RMB 94 million in 2021, primarily due to rising material costs for equipment and product technology development[52]. - The company had 159 R&D personnel, accounting for 2.11% of the total workforce, with 10 holding doctoral degrees and 48 holding master's degrees[68]. - Research and development expenses increased to RMB 186,978 thousand in 2023, up from RMB 130,516 thousand in 2022, marking a growth of 43.3%[125]. Environmental and Regulatory Compliance - The company achieved a 100% compliance rate for wastewater discharge and hazardous waste disposal in 2023[101]. - The company incurred an environmental tax payment of RMB 9.8747 million to the Jinshan District Tax Bureau in 2023[102]. - The company received administrative penalties totaling RMB 519,600 due to environmental issues in September 2023[103]. - The company has implemented carbon reduction measures resulting in a total reduction of 40,249 tons of CO2 equivalent emissions[109]. - The company purchased 46.02 million kWh of green electricity in 2023, reducing carbon emissions by 19,317 tons[109]. Governance and Management - The company has complied with all applicable provisions of the Corporate Governance Code throughout the reporting period[117]. - The company's independent non-executive directors confirmed that related party transactions were conducted at fair market prices and did not significantly impact the company's independence[114]. - The controlling shareholder, Sinopec Corp., holds approximately 50.55% of the company's shares, which may influence the company's operations and financial decisions[94]. Future Outlook - The company plans to process a total of 14.3 million tons of crude oil in 2024, with a target production of 8.8 million tons of refined oil[82]. - The company aims to produce 671,000 tons of ethylene and 692,000 tons of paraxylene in 2024[82]. - The company plans to invest approximately RMB 2.889 billion in capital expenditures for 2024, funded through financing activities and some self-owned funds[90].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Sinopec Shanghai Petrochemical Company Limited 中國石化上海石油化工股份有限公司 （股份代號：00338） （於中華人民共和國註冊成立之股份有限公司） 2023年第三季度報告 | --- | --- | |------------------------------------------------------------------------------|--------------| | | | | 本公告在上海和香港同步刊登。本公告乃根據《上海證券交易所股票上市規則》規定於 | | | 中國境內刊登。本公告乃根據《香港聯合交易所有限公司證券上市規則》第 | 13.09 條及第 | | 13.10B 條的披露義務而作出。 | | 一、重要內容提示 1.1 中國石化上海石油化工股份有限公司（「本公司」、「公司」，連同其附屬公司統 稱為「本集團」）董事會 ...

e fili 去日日日 LI TY 1 1 11 11 11 11 2023 半 年 度 報 告 d ( 於中華人民共和國註冊成立的股份有限公司 ) 中國百化上海口油化工股份有限公司 SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED 股份代號: 00338 香港 600688 上海 目錄 2 重要提示 3 釋義 4 公司簡介和主要財務指標 8 董事會報告 26 重要事項 41 普通股股份變動及股東情況 45 董事、監事、高級管理人員情況及其他 | --- | --- | |-------|----------------------------------------------------------------------| | | | | 50 | 中期財務資料的審閱報告 | | | A. 按照《國際財務報告準則》編製的簡明合併中期財務資料（未經審核） | | 51 | 中期簡明合併利潤表 | | 52 | 中期簡明合併綜合收益表 | | 53 | 中期簡明合併資產負債表 | | 56 | 中期簡明合併股東權益變動表 | | 58 | 中期簡明合併現金流量表 ...

Financial Performance - Operating revenue for the first half of 2023 was RMB 44,937,051, a decrease of 2.10% compared to RMB 45,900,355 in the same period last year[5]. - Total loss for the period was RMB -1,211,974, representing an increase of 173.83% from RMB -442,601 in the previous year[5]. - Net loss attributable to shareholders of the parent company was RMB -988,277, up 126.65% from RMB -436,042 in the same period last year[5]. - Basic loss per share for the period was RMB -0.092, compared to RMB -0.040 in the same period last year[6]. - The company reported a pre-tax loss of RMB 1.190 billion, an increase of RMB 0.757 billion compared to a pre-tax loss of RMB 0.433 billion in the same period last year[19]. - The company reported a net loss of RMB 1,211,974 thousand for the first half of 2023, compared to a loss of RMB 442,601 thousand in the same period of 2022, representing an increase in losses of approximately 174.5%[55]. - The total comprehensive income for the six months ended June 30, 2023, was RMB (964,118,000), compared to RMB (147,866,000) in the same period of the previous year, indicating a deterioration in overall financial health[70]. Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of RMB -226,882, a significant decrease of 96.46% compared to RMB -6,405,122 in the previous year[5]. - The company's cash flow from investment activities included a cash inflow of RMB 1,000,000 thousand from the recovery of term deposits due within one year, a decrease from RMB 5,950,000 thousand in the previous year[77]. - The cash inflow from financing activities generated a net inflow of RMB 3,427,414 thousand, compared to RMB 1,946,321 thousand in the same period last year, indicating improved financing conditions[58]. - The total cash and cash equivalents increased by RMB 3,714,009 thousand for the six months ended June 30, 2023, compared to a decrease of RMB (2,682,093) thousand in the same period of 2022[78]. - The company's cash and cash equivalents increased to RMB 6,931,677 thousand, representing 16.62% of total assets, a 73.36% increase from RMB 3,998,332 thousand at the end of 2022[39]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 41,701,821, an increase of 1.11% from RMB 41,242,782 at the end of the previous year[6]. - The company's total liabilities reached RMB 16,295,519 thousand, up from RMB 14,871,357 thousand, indicating an increase of about 9.5%[53][54]. - The asset-liability ratio as of June 30, 2023, was 38.97%, up from 31.58% a year earlier[29]. - The total amount of accounts payable as of June 30, 2023, was RMB 2,162,096 thousand, down from RMB 2,926,534 thousand as of December 31, 2022, reflecting a decrease of approximately 26%[103]. Shareholder Information - The major shareholder, China Petroleum & Chemical Corporation, holds 5,459,455,000 A shares, representing 50.55% of the total issued shares[11]. - The company’s total issued A shares are 10,785,000,000, with 74.49% of A shares held by major shareholders[14]. - The total number of ordinary shareholders at the end of the reporting period was 94,357[9]. - The company has not received any notifications regarding additional shareholdings from directors or senior management beyond those disclosed[15]. Research and Development - R&D expenses increased to RMB 68,062 thousand, up 86.85% from RMB 36,426 thousand in 2022 due to increased R&D projects[36]. - Research and development expenses (excluding depreciation and amortization) for the six months ended June 30, 2023, were RMB 66,689 thousand, compared to RMB 34,884 thousand for the same period in 2022, marking an increase of approximately 91%[92]. Operational Highlights - Total production of main products reached 6.3172 million tons, an increase of 16.30% year-on-year[19]. - The company processed 7.0939 million tons of crude oil, including 0.4031 million tons of processing, representing a year-on-year increase of 22.41%[19]. - The sales revenue for synthetic fibers, resins and plastics, intermediate petrochemical products, and petrochemical product trading decreased by 3.0%, 10.58%, 15.19%, and 38.75% respectively, while petroleum products increased by 12.01%[22]. Compliance and Governance - The company has adhered to all corporate governance codes as per the Hong Kong Listing Rules during the reporting period[50]. - The company has implemented new accounting standards effective from January 1, 2023, which may impact future financial reporting[7]. - The company’s financial data is prepared in accordance with International Financial Reporting Standards, and the interim financial statements are unaudited[18].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 21,978,009 thousand, a decrease of 15.49% compared to CNY 26,006,070 thousand in the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of CNY 163,142 thousand, representing a decline of 176.27% from a profit of CNY 213,510 thousand in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 159,041 thousand, down 165.70% from CNY 241,668 thousand in the same period last year[4] - The decline in net profit was attributed to a decrease in product sales and reduced investment income during the reporting period[7] - Net profit for Q1 2023 was a loss of RMB 162,346 thousand, compared to a profit of RMB 215,222 thousand in Q1 2022, indicating a significant decline[15] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 29,479 thousand, compared to a negative CNY 1,785,568 thousand in the previous year, indicating a significant improvement[4] - Cash flow from operating activities in Q1 2023 was a net outflow of RMB 29,479 thousand, an improvement from a net outflow of RMB 1,785,568 thousand in Q1 2022[16] - Cash flow from investing activities in Q1 2023 was a net outflow of RMB 386,507 thousand, compared to a net outflow of RMB 2,824,403 thousand in Q1 2022, showing a reduction in cash outflow[16] - Cash flow from financing activities in Q1 2023 was a net inflow of RMB 3,464,658 thousand, compared to RMB 4,485,169 thousand in Q1 2022, indicating a decrease in financing activities[17] - The company's cash and cash equivalents increased to RMB 7,281,505,000 from RMB 3,998,332,000 as of December 31, 2022, reflecting a significant increase of approximately 82.5%[12] Assets and Liabilities - The total assets at the end of the reporting period were CNY 40,637,918 thousand, a decrease of 1.47% from CNY 41,242,740 thousand at the end of the previous year[4] - The total assets decreased slightly to RMB 40,637,918,000 from RMB 41,242,782,000, indicating a reduction of about 1.5%[13] - The total liabilities decreased to RMB 14,411,891,000 from RMB 14,871,357,000, a reduction of approximately 3.1%[13] - Short-term borrowings rose sharply to RMB 5,048,000,000 from RMB 1,550,000,000, marking an increase of approximately 225.4%[13] - The total non-current assets decreased to RMB 24,873,548,000 from RMB 25,476,900,000, reflecting a decline of about 2.4%[12] Shareholder Information - As of March 31, 2023, the total number of ordinary shareholders is 95,286, with the top 10 shareholders holding a total of 5,459,455,000 shares, representing 50.55% of the total shares[8] - The equity attributable to shareholders of the listed company was CNY 26,097,552 thousand, down 0.56% from CNY 26,243,705 thousand at the end of the previous year[4] - The total equity attributable to shareholders decreased to RMB 26,097,552,000 from RMB 26,243,746,000, a decrease of approximately 0.6%[13] Accounting Changes - The company has implemented adjustments in financial reporting due to the new accounting standards effective from January 1, 2023, impacting the recognition of deferred tax assets and liabilities[5] - The company executed new accounting standards in 2023, impacting the financial statements[18] - The accounting policy change resulted in a net profit adjustment of CNY 372,000 for the three months ended March 31, 2022[20] - The cumulative impact of the policy change was reflected in the retained earnings and other relevant financial statement items[20] - Deferred tax assets increased by CNY 42,000, while deferred tax liabilities rose by CNY 3,000 as a result of the policy change[21] Research and Development - Research and development expenses increased to RMB 30,776 thousand in Q1 2023, compared to RMB 11,867 thousand in Q1 2022, reflecting a focus on innovation[14] Other Financial Metrics - The weighted average return on net assets was -0.623%, a decrease of 1.33 percentage points from 0.700% in the previous year[4] - The company reported non-recurring gains and losses totaling CNY -4,101 thousand for the period, primarily due to employee termination benefits and accounts receivable discount losses[6] - The company's retained earnings as of March 31, 2023, stand at RMB 7,759,906,000, down from RMB 7,923,048,000 as of December 31, 2022[13] - The company reported a direct economic loss of approximately RMB 9,714,800 due to a production safety incident on March 25, 2023[10]