SIPG(SH:600018)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥7,648,688,921.62, a decrease of 38.38% compared to the same period last year[4] - The net profit attributable to shareholders was ¥3,550,868,042.61, down 35.37% year-on-year[4] - The basic earnings per share were ¥0.1532, a decrease of 35.39% compared to the previous year[4] - Total operating revenue for Q1 2023 was ¥7,648,688,921.62, a decrease of 38.5% compared to ¥12,412,641,600.04 in Q1 2022[15] - Net profit for Q1 2023 was ¥3,739,569,246.64, a decline of 34.8% from ¥5,740,624,145.43 in Q1 2022[16] - The company reported a total comprehensive income of ¥3,654,111,100.50 for Q1 2023, down from ¥5,734,272,658.46 in Q1 2022[17] - Basic earnings per share for Q1 2023 were ¥0.1532, a decrease from ¥0.2371 in Q1 2022[17] Cash Flow and Liquidity - The net cash flow from operating activities increased by 24.01% to ¥3,090,140,653.74[4] - Cash flow from operating activities was ¥9,257,781,740.85 in Q1 2023, down 38.5% from ¥15,160,156,009.14 in Q1 2022[18] - The company reported a decrease in cash paid for operating activities, totaling CNY 8,103,238,894.16, down from CNY 15,696,075,688.85 in the previous year[19] - The balance of cash and cash equivalents at the end of the period was CNY 27,517,651,462.33, compared to CNY 22,775,912,890.33 at the end of Q1 2022[20] - The company's cash and cash equivalents reached CNY 27,663,352,328.96, up from CNY 26,843,326,028.04 year-over-year[12] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥184,072,360,440.20, reflecting a 1.25% increase from the end of the previous year[5] - The total liabilities decreased to CNY 59,271,671,397.53 from CNY 60,634,657,167.35 compared to the previous year[14] - The company's equity attributable to shareholders increased by 3.12% to ¥115,829,972,155.36[5] - The total liabilities increased to ¥39,881,661,063.68 in Q1 2023, up from ¥38,786,234,656.04 in Q1 2022, reflecting a growth of 2.8%[23] - The total equity rose to ¥84,547,204,333.53 in Q1 2023, compared to ¥82,191,091,736.41 in Q1 2022, indicating an increase of 2.9%[23] Investment and Expenses - R&D expenses increased significantly to ¥45,592,075.49 in Q1 2023, compared to ¥7,550,322.56 in Q1 2022, reflecting a growth of 504.5%[16] - The company reported a significant increase in investment income, totaling ¥1,813,493,846.23 in Q1 2023, compared to ¥826,435,996.39 in Q1 2022, marking a growth of 119.5%[24] - The company's investment income for Q1 2023 was ¥2,011,881,043.47, compared to ¥2,326,633,876.40 in Q1 2022, indicating a decrease of 13.6%[16] - The financial expenses for Q1 2023 were ¥128,214,723.90, a substantial increase from ¥8,860,279.36 in Q1 2022[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 168,285[8] - The company plans to spin off its subsidiary Shanghai Jinjiang Shipping (Group) Co., Ltd. to enhance its shipping business and profitability, with the proposal approved in January 2022[10] Changes and Future Outlook - The decline in revenue was primarily due to a decrease in container throughput at the company's main port and the absence of revenue from property sales compared to the previous year[7] - The company announced the implementation of new accounting standards starting in 2023, which will affect the financial statements from the beginning of the year[28]