双良节能(600481) - 2023 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2023 reached CNY 5,463,075,775.80, an increase of 215.02% year-on-year[8] - Net profit attributable to shareholders was CNY 501,668,472.53, reflecting a growth of 315.06% compared to the same period last year[8] - Basic earnings per share for the quarter were CNY 0.2696, up 262.97% from the previous year[8] - Total revenue for the quarter reached 618,743,480.65, a significant increase from 165,830,535.21 in the previous year, representing a year-over-year growth of approximately 272%[21] - Net profit for the quarter was 536,308,507.80, compared to 135,701,445.56 in the same period last year, indicating a growth of about 295%[21] - Total comprehensive income attributable to the parent company was CNY 501,053,864.11, up from CNY 122,012,027.59 year-on-year[35] - The company’s total comprehensive income for the period was CNY 535,693,899.38, compared to CNY 136,848,295.48 in the previous year[35] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 602,235,924.88, a decrease of 89.86% year-on-year[8] - Operating cash flow showed a net outflow of -602,235,924.88, worsening from -317,199,618.89 in the previous year[24] - Cash and cash equivalents at the end of the period totaled 1,985,270,660.96, an increase from 832,552,416.07 at the end of the previous year[25] - Cash received from sales of goods and services reached CNY 3,423,117,201.86, a significant increase from CNY 795,239,640.19 in the same period last year[52] - The company reported a net cash flow from operating activities of CNY 3,423,117,201.86 for the first quarter[52] Borrowings and Financing - Short-term borrowings increased by 49.33%, attributed to new bank loans taken during the period[4] - Long-term borrowings surged by 216.20%, indicating a substantial increase in financing activities[4] - Interest expenses rose to 72,819,103.71 from 17,517,828.95, representing a substantial increase of approximately 315%[21] - The company received cash inflows from financing activities amounting to 2,403,622,892.80, compared to 745,000,000.00 in the prior year, marking a significant increase[25] Assets and Liabilities - The total liabilities amounted to ¥17,214,352,731.48, up from ¥15,028,973,692.74 in the previous year[33] - Total assets increased by 12.46% to CNY 24,677,115,852.36 compared to the end of the previous year[43] - Non-current assets totaled CNY 11,471,187,891.54, an increase from CNY 10,102,886,154.78 year-on-year[52] - The company reported a total asset impairment loss of -¥2,181.65 million, mainly due to increased provisions for bad debts on contract assets[27] Expenditures - Development expenditures rose by 104.58%, reflecting increased capitalized project spending[4] - Research and development expenses surged to 105,507,775.89, up from 57,114,689.15, reflecting an increase of approximately 85% year-over-year[21] - Research and development expenses amounted to ¥84.73 million, driven by the company's efforts to explore new products and market areas[27] Other Income and Receivables - The company reported a significant increase in other receivables, up 233.23%, primarily due to an increase in subsidy receivables[4] - Other income increased significantly to 123,061,696.27 from 3,112,889.10, showcasing a growth of around 3,855% year-over-year[21] - The company experienced an increase in other income to ¥3,853.30 million, primarily due to increased government subsidies during the reporting period[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,349[27] - The company's total equity attributable to shareholders reached ¥7,342,397,264.97, compared to ¥6,828,695,455.95 in the previous year[33] - Equity attributable to shareholders of the listed company rose by 7.52% to CNY 7,342,397,264.97[43]