NUG(SH:600051)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 748,898,370.90, representing a year-on-year increase of 94.07%[5] - Total revenue for Q1 2023 reached ¥748,898,370.90, a significant increase of 94% compared to ¥385,887,273.60 in Q1 2022[18] - Operating profit for Q1 2023 was ¥6,531,243.68, compared to a loss of ¥3,348,772.67 in Q1 2022[18] - The total profit for Q1 2023 was 6,907,509.44 RMB, compared to a loss of 2,162,223.64 RMB in Q1 2022[19] - The net profit for Q1 2023 was -1,929,372.22 RMB, an improvement from a net loss of -7,375,161.61 RMB in Q1 2022[19] - Basic and diluted earnings per share for Q1 2023 were 0.04 RMB, compared to -0.02 RMB in Q1 2022[19] Cash Flow - The net cash flow from operating activities was negative at CNY -213,933,913.24, indicating cash outflow during the period[5] - The net cash flow from operating activities for Q1 2023 was -213,933,913.24 RMB, worsening from -96,344,451.89 RMB in Q1 2022[21] - Cash inflow from operating activities totaled 1,090,376,817.60 RMB, up from 818,077,096.03 RMB in the previous year[21] - Cash outflow from operating activities increased to 1,304,310,730.84 RMB from 914,421,547.92 RMB in Q1 2022[21] - The net cash flow from investing activities was 28,416,883.11 RMB, a significant improvement from -306,999,619.34 RMB in Q1 2022[22] - Cash inflow from financing activities was 414,996,623.39 RMB, compared to 222,394,220.38 RMB in Q1 2022[22] - The net cash flow from financing activities was -27,447,912.80 RMB, a decline from 94,067,972.00 RMB in Q1 2022[22] - The ending cash and cash equivalents balance for Q1 2023 was 1,105,486,591.71 RMB, down from 1,378,327,180.50 RMB in Q1 2022[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,842,943,159.01, down 8.89% from the end of the previous year[6] - Total assets decreased to ¥5,842,943,159.01 as of March 31, 2023, down from ¥6,412,782,199.95 at the end of 2022[16] - Current assets totaled ¥3,614,886,047.98, a decline of 12.5% from ¥4,131,786,537.38 at the end of 2022[15] - Non-current assets amounted to ¥2,228,057,111.03, down from ¥2,280,995,662.57 at the end of 2022, indicating a decrease of 2.3%[15] - Total liabilities decreased to ¥2,210,031,482.07 from ¥2,778,528,757.48, representing a reduction of 20.5%[16] - Current liabilities were ¥1,733,031,292.30, down 22.4% from ¥2,234,262,599.45 at the end of 2022[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,173[10] - Zhejiang Rongsheng Holding Group Co., Ltd. held 29.08% of the shares, with 60 million shares pledged[10] Operating Costs and Revenue Drivers - The increase in operating revenue was primarily due to increased sales of imported coal by the subsidiary Ningbo United Group Import and Export Co., Ltd.[8] - Total operating costs for Q1 2023 were ¥750,090,033.74, up from ¥376,253,337.52 in Q1 2022, reflecting a 99% increase[18]