HDPI(SH:600027)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was approximately RMB 31.98 billion, representing a year-on-year increase of 10.98%[6] - The net profit attributable to shareholders of the listed company reached RMB 1.13 billion, an increase of 82.30% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was RMB 971.05 million, reflecting a significant increase of 113.11% year-on-year[6] - The company's total profit for Q1 2023 was approximately RMB 1.41 billion, a year-on-year increase of 165.08%[10] - Operating profit for Q1 2023 was CNY 1,303,734 thousand, significantly up from CNY 509,837 thousand in the same period last year, representing a growth of 155.5%[20] - Net profit attributable to shareholders of the parent company for Q1 2023 was CNY 1,134,045 thousand, compared to CNY 622,085 thousand in Q1 2022, marking an increase of 82.4%[20] - Basic earnings per share for Q1 2023 were CNY 0.093, up from CNY 0.041 in Q1 2022, indicating a growth of 126.8%[21] Cash Flow and Liquidity - The company's cash flow from operating activities was RMB 2.44 billion, a decrease of 39.48% year-on-year, primarily due to increased coal procurement[11] - Operating cash inflow for Q1 2023 was CNY 34,010,786, an increase of 7.5% from CNY 31,662,414 in Q1 2022[24] - Net cash flow from operating activities decreased to CNY 2,444,797, down 39.4% from CNY 4,039,639 in the previous year[24] - Cash and cash equivalents increased to CNY 7,178,613 thousand from CNY 6,282,439 thousand, showing a growth of 14.3%[18] - The ending cash and cash equivalents balance for Q1 2023 was RMB 524,493 thousand, down from RMB 865,873 thousand in Q1 2022[35] Assets and Liabilities - Total assets at the end of the reporting period were RMB 223.17 billion, showing a slight decrease of 0.04% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to CNY 223,166,232 thousand, slightly down from CNY 223,260,470 thousand at the end of 2022[18] - Total liabilities decreased to CNY 148,252,351 thousand from CNY 152,833,689 thousand, reflecting a reduction of 3.8%[18] - Total liabilities decreased slightly to CNY 58,013,683 from CNY 58,183,497 at the end of 2022[28] - Long-term borrowings rose to CNY 67,564,091 thousand from CNY 59,739,783 thousand, an increase of 13.1%[18] - Long-term borrowings increased to CNY 21,704,021, up from CNY 16,787,816 in the previous year[28] Operational Efficiency - The company's financial expenses decreased by 11.28% year-on-year to approximately RMB 927 million, attributed to reduced funding costs[10] - The company's contract liabilities decreased by 71.52% year-on-year to approximately RMB 578 million, mainly due to the end of the heating season[10] - The company reported a significant improvement in profitability due to lower coal prices and higher electricity and heat prices[10] - The company reported a decrease in operating costs to CNY 3,861,608, down from CNY 4,299,687 in Q1 2022[31] Accounting Changes - The company adopted new accounting standards starting January 1, 2023, impacting the financial statements[36]