2023-04-25 16:00Financial Performance - The total operating revenue for Q1 2023 was CNY 65,269,368,192, representing a slight increase of 0.03% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 2,250,283,365, showing a significant increase of 335.30% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,008,175,769, up by 241.95% compared to the previous year[4]. - Basic and diluted earnings per share were both CNY 0.10, reflecting an increase of 211.11% year-on-year[4]. - Net profit for Q1 2023 was CNY 2,463,986,970, a significant recovery from a net loss of CNY 1,111,930,289 in Q1 2022[18]. - The company reported a basic earnings per share of CNY 0.10 for Q1 2023, compared to a loss per share of CNY 0.09 in Q1 2022[19]. - The company reported a total comprehensive income of CNY 1,818,943,246 in Q1 2023, compared to a loss of CNY 823,099,632 in Q1 2022[19]. Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 507,997,216,797, a 1.07% increase from the end of the previous year[5]. - The equity attributable to shareholders increased by 17.55% to CNY 127,578,777,170 compared to the end of the previous year[5]. - The company's total assets as of March 31, 2023, amount to 507,997,216,797 RMB, an increase from 502,605,977,488 RMB at the end of 2022[14]. - Total liabilities decreased from 171,333,345,746 RMB to 147,096,706,764 RMB, indicating a reduction of approximately 14.1%[14]. - Total liabilities decreased to CNY 362,178,767,968 in Q1 2023 from CNY 376,061,926,739 in Q1 2022, a decline of approximately 3.7%[15]. - The company's total equity increased to CNY 145,818,448,829 in Q1 2023 from CNY 126,544,050,749 in Q1 2022, an increase of about 15.2%[15]. Cash Flow - The net cash flow from operating activities was CNY 6,138,424,692, down by 26.96% year-on-year[4]. - Cash flow from operating activities for Q1 2023 was CNY 6,138,424,692, down from CNY 8,403,935,233 in Q1 2022, a decrease of 26.9%[20]. - The net cash flow from investing activities was -9,246,104,637, compared to -8,983,509,468 in the previous period[21]. - The total cash inflow from financing activities was 77,815,711,119, slightly down from 77,999,925,032[21]. - The net cash flow from financing activities increased to 4,798,998,768 from 1,649,249,836 in the previous period[21]. - The cash and cash equivalents at the end of the period rose to 18,024,588,273, up from 16,331,189,830[21]. - The company received 19,491,004,490 in cash from investment, significantly higher than 293,032,724 previously[21]. - The cash paid for debt repayment was 67,434,819,947, down from 72,491,481,309[21]. - The company distributed dividends and interest payments totaling 2,742,958,977, compared to 3,149,414,214 in the previous period[21]. - The impact of exchange rate changes on cash and cash equivalents was -183,838,851, an improvement from -293,310,798[21]. Research and Development - Research and development expenses increased by 154.16% to CNY 195,404,840, indicating a stronger focus on R&D[9]. - Research and development expenses increased to CNY 195,404,840 in Q1 2023, up from CNY 76,882,464 in Q1 2022, marking an increase of 154.5%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 74,510[11]. - The largest shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, accounting for 32.28% of the total shares[11]. - The company has not reported any significant changes in its shareholder structure or related party transactions during the reporting period[12]. Inventory and Costs - The company reported a significant decrease in inventory by 20.33% to CNY 10,119,758,960, attributed to the end of the residential heating season[8]. - Total operating costs decreased to CNY 62,747,258,476 in Q1 2023 from CNY 67,125,139,244 in Q1 2022, a reduction of approximately 6.3%[16]. Accounting Changes - The company executed new accounting standards starting January 1, 2023, affecting the financial statements[22]. - The adjustments made for deferred tax assets and liabilities did not impact the consolidated balance sheet items[22].