SEP(SH:600021)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 10,342,274,669.90, representing a year-on-year increase of 23.39%[4] - The net profit attributable to shareholders was CNY 335,024,763.55, showing a significant increase of 230.64% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 316,024,225.98, reflecting a remarkable increase of 3,962.04% year-on-year[4] - Basic earnings per share were CNY 0.1044, representing a substantial increase of 295.45% year-on-year[5] - Operating profit for Q1 2023 was ¥1,134,724,895.58, up 109.0% from ¥540,422,912.21 in Q1 2022[18] - Net profit attributable to shareholders of the parent company was ¥335,024,763.55, a significant increase from ¥101,326,393.95 in the same period last year[18] - The company reported a total comprehensive income of ¥827,888,992.75 for Q1 2023, compared to ¥379,719,370.10 in Q1 2022, indicating a growth of 118.5%[18] Cash Flow - The net cash flow from operating activities reached CNY 1,317,760,078.59, which is an increase of 80.18% compared to the previous year[4] - Cash flow from operating activities for Q1 2023 was CNY 1,317,760,078.59, an increase of 80% compared to CNY 731,351,768.60 in Q1 2022[20] - The cash flow from operating activities generated a net amount of ¥243,514,361.56 in Q1 2023, a recovery from a negative cash flow of ¥44,957,008.80 in Q1 2022[26] - The total cash outflow from operating activities was ¥1,903,738,027.11 in Q1 2023, compared to ¥2,140,074,809.26 in Q1 2022, reflecting a decrease of approximately 11%[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 169,485,777,893.53, an increase of 5.28% from the end of the previous year[5] - Total liabilities increased to ¥121,366,962,585.83 in Q1 2023, compared to ¥116,925,667,437.17 in Q1 2022, reflecting a growth of 3.7%[16] - Total current assets reached ¥38,425,639,287.21, up from ¥28,082,918,879.88, indicating a growth of approximately 36.0%[15] - Total assets increased to ¥169,485,777,893.53 from ¥160,985,069,066.68, marking a growth of approximately 5.9%[15] - The company's total equity decreased to ¥17,833,964,120.65 in Q1 2023 from ¥18,187,507,639.89 in Q1 2022, representing a decline of about 1.94%[23] Investments and Expenditures - The company reported a significant decrease in investment income, with a loss of ¥31,598,171.86 from joint ventures in Q1 2023, compared to a gain of ¥101,042,310.06 in Q1 2022[24] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was $34,902,205.50, down from $72,478,094.89[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 135,301[11] Company Developments - The company attributed the significant profit increase to the commissioning of the Turkey Hunutlu coal-fired power plant and a rise in new energy generation[8] - The company has not disclosed any new product or technology developments in this report[13] - There are no significant mergers or acquisitions reported during the quarter[13] Research and Development - Research and development expenses for Q1 2023 were ¥22,544,113.28, slightly up from ¥22,252,945.89 in Q1 2022[17] - The company's research and development expenses were not specified in the report, indicating a potential area for future focus[24] Financial Standards and Reporting - The company did not apply new accounting standards for the first quarter of 2023[28] - The report was published by the Board of Directors of Shanghai Electric Power Co., Ltd. on April 24, 2023[28]