Financial Performance - For the first quarter ended March 31, 2023, the group reported a net profit attributable to shareholders of RMB 150.0 million, a decrease of 14.7% compared to the same period last year[8]. - Total revenue for the first quarter increased by 7.5% year-on-year to RMB 1.919 billion, primarily driven by increased service concession operation and maintenance income[8]. - Gross profit rose by 16.9% year-on-year to RMB 676.0 million[8]. - The earnings per share based on profit attributable to shareholders was RMB 5.82, down 14.8% from RMB 6.83 in the previous year[11]. - The group’s pre-tax profit for the three months ended March 31, 2023, was RMB 336,025 thousand, slightly down from RMB 338,449 thousand in the same period of 2022, indicating a decrease of about 0.71%[14]. - The company reported a net profit after tax of RMB 241,999 thousand for the three months ended March 31, 2023, compared to RMB 255,843 thousand for the same period in 2022, showing a decrease of about 5.4%[30]. - The group’s total comprehensive income for the three months ended March 31, 2023, was RMB 172,506 thousand, compared to RMB 264,474 thousand for the same period in 2022, representing a decline of approximately 34.69%[17]. Expenses and Costs - Administrative expenses increased by 38.2% to RMB 134.8 million compared to the previous year[11]. - Financial expenses rose by 37.2% to RMB 227.0 million year-on-year[11]. - The tax expense for the three months ended March 31, 2023, was RMB 94,026 thousand, compared to RMB 82,606 thousand for the same period in 2022, representing an increase of approximately 13.5%[34]. - The company’s financial expenses for the three months ended March 31, 2023, were RMB 227,039 thousand, compared to RMB 165,456 thousand for the same period in 2022, reflecting an increase of about 37.2%[29]. Assets and Liabilities - As of March 31, 2023, total current assets amounted to RMB 8,636,056 thousand, an increase from RMB 8,325,150 thousand as of December 31, 2022, representing a growth of approximately 3.7%[12]. - The total non-current assets reached RMB 32,490,396 thousand as of March 31, 2023, compared to RMB 32,220,065 thousand at the end of 2022, indicating an increase of about 0.8%[12]. - Total liabilities as of March 31, 2023, were RMB 26,051,406 thousand, up from RMB 25,657,696 thousand at the end of 2022, reflecting a rise of approximately 1.5%[13]. - The company's equity totalled RMB 15,075,046 thousand as of March 31, 2023, compared to RMB 14,814,572 thousand at the end of 2022, marking an increase of around 1.8%[13]. - Current liabilities totaled RMB 8,118,244 thousand as of March 31, 2023, compared to RMB 7,887,162 thousand at the end of 2022, indicating an increase of approximately 2.9%[13]. - The company's total assets reached RMB 41,126,452 thousand as of March 31, 2023, up from RMB 40,545,215 thousand at the end of 2022, representing a growth of about 1.4%[13]. Cash Flow - The group's operating cash flow before changes in working capital increased to RMB 656,450 thousand for the three months ended March 31, 2023, compared to RMB 572,123 thousand for the same period in 2022, representing a growth of approximately 14.74%[14]. - Net cash used in investing activities was RMB 124,765 thousand for the three months ended March 31, 2023, a decrease from RMB 194,118 thousand in the same period of 2022, indicating a reduction of about 35.69%[15]. - The group reported a net cash inflow from financing activities of RMB 142,108 thousand for the three months ended March 31, 2022, compared to a net outflow of RMB 231,003 thousand in the same period of 2023, reflecting a significant change in financing strategy[15]. - Cash and cash equivalents stood at RMB 2,577,555 thousand as of March 31, 2023, compared to RMB 2,512,625 thousand at the end of 2022, showing a growth of approximately 2.6%[12]. - Cash and cash equivalents at the end of the period were RMB 2,577,555 thousand as of March 31, 2023, compared to RMB 2,684,293 thousand at the end of March 31, 2022, reflecting a decrease of approximately 3.97%[16]. Operational Highlights - The group continues to operate primarily in China, with no changes to its main business activities[22]. - The company is focusing on opportunities in key regions such as the Yangtze River Economic Belt and the Guangdong-Hong Kong-Macao Greater Bay Area, driven by national policies supporting environmental governance and wastewater treatment[75]. - The company is committed to digital transformation in water services, enhancing operational efficiency through innovative technologies and digital platforms[76]. Governance and Compliance - The group maintained compliance with all provisions of the Corporate Governance Code as per the Hong Kong Stock Exchange during the reporting period[9]. - The company has obtained confirmation statements from all directors and executives as required by the listing rules[80]. - The confirmation was obtained in accordance with the format specified in Appendix 7.7 of the listing rules[80]. - The announcement was made by the executive director, Mr. Yang Jianwei, on April 28, 2023[80]. Other Information - The financial statements are prepared in accordance with Singapore Financial Reporting Standards, with no changes in accounting policies from the previous year[23]. - The company has not faced significant seasonal or cyclical impacts on its business during the reporting period[27]. - The management assessed goodwill for impairment and determined that no impairment provision was necessary[25]. - The financial risks faced by the group include foreign currency risk, interest rate risk, liquidity risk, and credit risk, with policies in place to manage these risks[26].
上海实业环境(00807) - 2023 Q1 - 季度业绩