GDG(SH:600098)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥10,069,117,331.37, representing a 20.55% increase compared to ¥8,352,360,060.81 in the same period last year[4]. - Net profit attributable to shareholders was ¥404,164,989.54, a 58.17% increase from ¥255,532,235.59 in the previous year[4]. - The basic earnings per share rose to ¥0.1161, a 58.17% increase from ¥0.0749 in the same period last year[4]. - The company reported a significant increase in investment income by 346.08%, attributed to lower coal costs and improved profits from power generation[10]. - The company's total comprehensive income increased by 153.93%, driven by higher net profit and an increase in stock prices[10]. - Operating profit for Q1 2023 was ¥556,375,281.01, significantly higher than ¥242,225,191.89 in Q1 2022, reflecting a growth of 129.0%[19]. - The total cost of operations for Q1 2023 was ¥9,608,095,886.19, an increase from ¥8,155,355,863.55 in Q1 2022, representing a rise of 17.8%[17]. Cash Flow - The net cash flow from operating activities was ¥734,127,403.55, a significant recovery from a negative cash flow of ¥-412,129,979.59 in the same period last year[4]. - Total cash inflow from operating activities reached ¥11,056,613,466.43, up from ¥10,400,042,345.15 in the same period last year, representing a growth of approximately 6.3%[22]. - The total cash outflow from operating activities decreased to ¥10,322,486,062.88 from ¥10,812,172,324.74, indicating a reduction of about 4.5%[22]. - The net cash flow from financing activities was positive at ¥578,038,259.31, a recovery from a negative cash flow of ¥1,033,678,390.97 in Q1 2022[22]. - The cash flow from operating activities showed a net outflow of CNY 36,519,296.50 in Q1 2023, compared to an outflow of CNY 42,407,536.41 in Q1 2022, indicating an improvement[27]. Assets and Liabilities - Total assets at the end of Q1 2023 reached ¥64,359,533,348.12, up 3.87% from ¥61,963,522,240.39 at the end of the previous year[5]. - The company's total equity increased to ¥26,966,361,969.39 in Q1 2023, up from ¥26,555,971,332.21 in Q1 2022, a growth of 1.5%[17]. - Total liabilities rose to ¥37,393,171,378.73 in Q1 2023, compared to ¥35,407,550,908.18 in Q1 2022, marking an increase of 5.6%[17]. - The company's long-term borrowings increased significantly to CNY 12,370,908,679.84 from CNY 8,761,196,475.26, indicating a growth of approximately 41.5%[16]. - The total liabilities decreased to CNY 15,541,862,967.29 from CNY 17,218,164,992.30, a reduction of about 9.7%[16]. Investments and Research - Research and development expenses increased to ¥101,817,424.98 in Q1 2023, up from ¥74,193,395.74 in Q1 2022, reflecting a growth of 37.4%[19]. - The company reported investment income of ¥68,032,522.65 in Q1 2023, compared to ¥15,251,079.07 in Q1 2022, a substantial increase of 346.5%[19]. - The company's long-term equity investments increased to ¥16,406,791,257.12 from ¥16,291,725,516.02, showing a growth of about 0.7%[23]. Shareholder Information - The company has maintained a strong shareholder base, with Guangzhou Industrial Investment Holding Group Co., Ltd. holding 56.97% of shares[11]. - The company's goodwill increased to CNY 1,475,612,178.54 from CNY 1,330,122,184.21, representing a growth of approximately 10.9%[16]. Accounting Changes - The company adopted the new accounting standard effective January 1, 2023, impacting the recognition of deferred tax liabilities and assets[29]. - Deferred tax assets were adjusted to approximately ¥915.9 million, while deferred tax liabilities were adjusted to approximately ¥628.7 million as of January 1, 2023[30].