远兴能源(000683) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,503,651,821.45, a decrease of 6.46% compared to the same period last year[4] - Net profit attributable to shareholders was ¥651,889,778.81, down 17.50% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥653,343,430.93, reflecting a decrease of 16.88% compared to the previous year[4] - The net profit for Q1 2023 was CNY 778,365,706.65, a decrease of 16.0% compared to CNY 926,196,037.66 in Q1 2022[16] - Operating income for Q1 2023 was CNY 903,588,764.96, down 14.6% from CNY 1,058,179,049.80 in the same period last year[16] - The company's total comprehensive income for Q1 2023 was CNY 778,449,999.23, compared to CNY 927,002,057.03 in the previous year[16] Cash Flow and Liquidity - The net cash flow from operating activities was ¥605,406,498.05, a decline of 16.64% from the same period last year[4] - The company's cash and cash equivalents increased by 33.58% to ¥2,754,615,411.20 due to higher net cash inflows from operating activities[8] - Cash flow from operating activities for Q1 2023 was CNY 605,406,498.05, a decline of 16.6% compared to CNY 726,296,630.93 in Q1 2022[17] - The net cash flow from investing activities was negative CNY 731,561,990.40, compared to negative CNY 93,540,883.44 in the same period last year[17] - The net cash flow from financing activities was CNY 717,297,586.37, a significant improvement from negative CNY 20,181,479.50 in Q1 2022[18] Assets and Liabilities - Total assets at the end of Q1 2023 reached ¥31,667,255,173.99, representing a 6.04% increase from the end of the previous year[5] - Total liabilities rose to CNY 14,095,115,968.65, an increase of 7.26% compared to CNY 13,143,013,766.98[14] - Long-term borrowings rose by 42.97% to ¥2,981,100,000.00, indicating increased financing activities[9] - Long-term borrowings increased to CNY 2,981,100,000.00, up 42.94% from CNY 2,085,100,000.00[14] - Non-current assets totaled CNY 23,419,726,173.47, an increase of 7.34% from CNY 21,821,544,298.58[13] Shareholder Information - Shareholders' equity attributable to the parent company was ¥13,256,175,006.16, up 5.79% compared to the end of last year[5] - The total number of common shareholders at the end of the reporting period was 94,251[10] - The largest shareholder, Inner Mongolia Boyuan Holding Group Co., Ltd., holds 30.99% of the shares, totaling 1,122,491,995 shares[10] Research and Development - R&D expenses decreased by 31.52% to ¥22,484,947.12, primarily due to a reduction in ongoing projects[9] - Research and development expenses decreased to CNY 22,484,947.12, down 31.6% from CNY 32,836,689.22 in Q1 2022[16] Legal Matters - The company is involved in a legal dispute regarding a mining rights transfer, with a potential financial impact of RMB 2.22 billion pending[11] - The company has appealed a court ruling regarding the mining rights transfer, which is currently under review by the Inner Mongolia High People's Court[11] - The company is actively monitoring the legal case's developments and has issued risk warnings regarding its potential financial implications[11] Inventory and Receivables - Accounts receivable rose to RMB 110.31 million, compared to RMB 100.12 million in the previous period, indicating an increase of approximately 10.2%[12] - The company's inventory increased to CNY 782,422,940.35, up 0.21% from CNY 776,254,337.79[13] - The company reported a significant increase in prepayments, which rose to RMB 154.84 million from RMB 130.27 million, marking an increase of approximately 18.9%[12] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[10]