HDECL(600726)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥5,788,182,082.71, representing a year-on-year increase of 2.90%[3] - Net profit attributable to shareholders was ¥162,227,162.24, while the net profit after deducting non-recurring gains and losses was ¥38,688,066.99[3] - The total profit for Q1 2023 was 775,938,000.66 CNY, an increase from 460,849,662.39 CNY in Q1 2022, representing a significant improvement[25] - The net profit for Q1 2023 reached 506,714,896.69 CNY, compared to a net profit of 134,228,917.66 CNY in the same period last year, indicating a strong performance[25] - The basic earnings per share for Q1 2023 was 0.02 CNY, recovering from a loss of 0.15 CNY per share in Q1 2022[26] - The total comprehensive income for Q1 2023 was 496,958,669.52 CNY, a significant increase from 27,181,425.13 CNY in Q1 2022[25] - The total comprehensive income attributable to the parent company's shareholders for Q1 2023 was 152,470,935.07 CNY, compared to a loss of 394,119,068.85 CNY in Q1 2022[25] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 41.3% to ¥282,689,369.73 compared to the same period last year[3] - The net cash flow from operating activities for Q1 2023 was 282,689,369.73 CNY, down from 481,571,649.51 CNY in Q1 2022, reflecting a decrease in cash generation[26] - The cash received from sales of goods and services in Q1 2023 was 5,718,019,714.75 CNY, slightly down from 5,779,743,983.79 CNY in Q1 2022[26] - The cash flow from operating activities showed a total inflow of 5,908,193,830.23 CNY in Q1 2023, compared to 5,866,276,967.98 CNY in Q1 2022[26] - Cash and cash equivalents at the end of Q1 2023 totaled ¥5,876,536,829.51, down from ¥6,306,168,575.85 at the end of Q1 2022[53] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥32,979,915,593.70, a slight decrease of 0.08% from the end of the previous year[4] - Total liabilities decreased to ¥25,696,473,728.03 in Q1 2023 from ¥26,266,607,241.87 in Q1 2022[48] - The company's total equity increased to ¥7,283,441,865.67 in Q1 2023, compared to ¥6,741,152,013.26 in Q1 2022, reflecting a growth of 8.0%[48] - Total assets decreased from 22.27 billion to 21.92 billion, a decline of approximately 1.58%[55] - The company's total liabilities decreased slightly from 17.49 billion to 17.37 billion, a decline of about 0.68%[65] Expenses and Costs - Total operating costs for Q1 2023 were ¥5,148,867,418.38, up 1.4% from ¥5,077,807,185.85 in Q1 2022[50] - Research and development expenses decreased by 38.68% due to a reduction in R&D personnel salaries[6] - Research and development expenses for Q1 2023 were ¥2,016,402.30, down from ¥3,288,537.53 in Q1 2022, indicating a reduction of 38.7%[50] - The company reported a decrease in tax expenses, with Q1 2023 tax expenses at 269,223,103.97 CNY, down from 326,620,744.73 CNY in Q1 2022[25] - Financial expenses decreased to CNY 149,355,981.86 in Q1 2023 from CNY 190,293,466.42 in Q1 2022, reflecting a reduction of approximately 21.54%[66] Shareholder Information - Shareholders' equity attributable to the parent company increased by 5.44% to ¥3,609,795,314.70 compared to the end of the previous year[4] - The number of common shareholders at the end of the reporting period was 124,757, with 73,558 A-share and 51,199 B-share holders[43] - The company has 59.79% of its shares held by Huadian Coal Industry Group Co., Ltd., indicating significant state ownership[41] Other Income and Gains - The company received subsidies that contributed to other income increasing by 523.82% during the reporting period[13] - The company reported an asset disposal gain of ¥81,519.56 million from the sale of coal production capacity exchange indicators[13] - Non-operating income for the period totaled RMB 123,539,095.25, with a government subsidy contributing RMB 73,437,932.39[39] - Other income increased significantly to CNY 37,622,973.93 in Q1 2023 from CNY 6,057,039.40 in Q1 2022, marking a growth of approximately 520.56%[66] Borrowings and Debt - Short-term borrowings increased from RMB 3,975,386,763.00 to RMB 4,613,415,046.36, representing an increase of about 16.03%[47] - Long-term borrowings increased to ¥7,167,989,684.12 in Q1 2023 from ¥6,953,991,636.67 in Q1 2022[48] - Long-term borrowings increased from 5.86 billion to 6.22 billion, an increase of approximately 6.09%[65] Market and Development - The company has plans for market expansion and new product development, as indicated by ongoing investments in fixed assets and R&D[43]