YEIC(002053)2023-04-26 16:00Financial Performance - The company achieved operating revenue of CNY 651.585 million, an increase of CNY 28.346 million or 4.55% year-on-year, primarily due to the grid connection of the Tongquan Wind Farm, which added 22.346 million kWh of electricity generation [9]. - The total profit for the period was CNY 200.104 million, up CNY 40.840 million or 25.64% year-on-year; net profit attributable to shareholders was CNY 177.650 million, an increase of CNY 49.063 million or 38.16% year-on-year [9]. - The net profit for the current period was CNY 174,521,441.93, compared to CNY 133,611,373.62 in the previous period, reflecting an increase of about 30.7% [22]. - Revenue for the reporting period reached ¥651,585,025.31, an increase of 4.55% compared to the same period last year [28]. - Net profit attributable to shareholders was ¥177,649,636.95, reflecting a growth of 38.16% year-over-year [28]. - The net profit after deducting non-recurring gains and losses was ¥165,984,849.85, up 40.72% from the previous year [28]. - The net profit attributable to the parent company for the first quarter was CNY 177,649,636.95, up from CNY 128,586,884.78, indicating a growth of 38.2% [44]. Cash Flow - Net cash flow from operating activities was CNY 91.086 million, an increase of CNY 26.398 million or 40.81% year-on-year, mainly due to reduced cash payments for coal procurement in the salt segment [9]. - Operating cash flow net amount was CNY 91,085,634.58, which is an increase from CNY 64,688,128.74, showing a growth of approximately 40.6% [23]. - Cash inflow from operating activities totaled CNY 473,907,809.43, compared to CNY 489,185,121.52 in the previous period, a decrease of about 3.1% [23]. - Cash and cash equivalents at the end of the period were CNY 1,746,510,238.17, up from CNY 609,794,350.27, showing a significant increase [57]. Investment Activities - The net cash flow from investing activities was CNY -1.615 billion, a decrease of 156.58% year-on-year, primarily due to increased investment in engineering projects and more unredeemed financial products compared to the previous year [10]. - The company reported a net cash outflow from investing activities of CNY -1,614,794,250.84, compared to CNY -629,357,415.05 in the previous year [57]. - The company received CNY 1,040,000,000.00 from investment recoveries, significantly up from CNY 590,000,000.00 in the previous period, reflecting an increase of approximately 76.3% [23]. - The investment income increased to CNY 6,904,443.18 from CNY 4,961,269.80, representing a growth of approximately 39.1% [22]. Assets and Liabilities - The company's total assets amounted to CNY 13.950 billion, an increase from CNY 13.363 billion at the beginning of the year [19]. - Current assets totaled CNY 4.525 billion, compared to CNY 4.358 billion at the beginning of the year [19]. - Long-term borrowings increased to CNY 3.325 billion from CNY 2.948 billion at the beginning of the year [19]. - The total liabilities increased to CNY 6,034,826,921.96, up from CNY 5,629,166,496.56, representing a growth of approximately 7.2% [20]. - The total equity attributable to shareholders of the parent company rose to CNY 6,730,080,692.48 from CNY 6,547,736,761.21, marking an increase of about 2.8% [20]. - The total equity increased to CNY 7,914,928,620.35 from CNY 7,734,092,689.61, indicating a growth of about 2.3% [20]. Operational Focus - The company is focused on steadily advancing production and operational work, particularly in accelerating the construction of incremental wind power projects [9]. - Research and development expenses surged by 138.30% to ¥1,395,969.68, indicating a significant investment in innovation [31]. Governance and Compliance - The company appointed a new Chief Legal Counsel and Chief Compliance Officer to strengthen its governance structure [40]. - The company is actively pursuing debt-to-equity swaps and asset restructuring for Tianmeng Company to recover its investments [38]. Government Support - The company received government subsidies amounting to ¥11,085,113.00, primarily related to salt reserve funding [28]. - The company received government subsidies for its subsidiary Yunnan Salt Industry Co., Ltd., enhancing its financial position [40].