CRE(SH:600217)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 736,625,342.99, representing a year-on-year increase of 3.61% compared to CNY 710,980,894.01 in the same period last year[4] - The net profit attributable to shareholders of the listed company was CNY -7,551,735.97, a decrease of 146.11% from CNY 16,376,988.54 in the previous year[5] - The basic earnings per share for Q1 2023 was CNY -0.0054, down 145.76% from CNY 0.0118 in the same period last year[5] - Net profit for Q1 2023 was a loss of CNY 8,259,015.81, compared to a profit of CNY 16,273,428.70 in Q1 2022[24] - In Q1 2023, the company reported a total comprehensive income of -8,259,015.81 CNY, compared to 16,273,428.70 CNY in Q1 2022[25] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 7,231,106,154.63, a decrease of 1.32% from CNY 7,328,121,786.59 at the end of the previous year[5] - The equity attributable to shareholders of the listed company was CNY 2,529,994,869.88, a decrease of 0.30% from CNY 2,537,546,605.85 at the end of the previous year[5] - Current liabilities totaled CNY 1,722,036,141.53 in Q1 2023, a decrease from CNY 1,780,768,228.80 in Q1 2022[22] - Non-current liabilities were CNY 2,966,769,640.00 in Q1 2023, slightly down from CNY 2,996,794,168.88 in Q1 2022[22] - The company's total equity decreased to CNY 2,542,300,373.10 in Q1 2023 from CNY 2,550,559,388.91 in Q1 2022[23] Cash Flow - The net cash flow from operating activities was CNY -80,221,709.34, compared to CNY -47,852,938.68 in the previous year, indicating a worsening cash flow situation[5] - Cash inflow from operating activities was 640,597,084.61 CNY in Q1 2023, a decrease of 4.15% from 668,347,825.44 CNY in Q1 2022[26] - The net cash outflow from operating activities was -80,221,709.34 CNY in Q1 2023, compared to -47,852,938.68 CNY in Q1 2022[28] - Cash outflow from investing activities was 33,312,872.58 CNY in Q1 2023, up from 24,077,222.04 CNY in Q1 2022[28] - The net cash flow from financing activities was -180,492,051.75 CNY in Q1 2023, compared to -138,625,756.00 CNY in Q1 2022[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,034[11] - The largest shareholder, China Recycled Resources Development Co., Ltd., held 25.8% of the shares, totaling 358,891,083 shares[11] - The top ten shareholders include China Recycled Resources Development Co., Ltd. with 358,891,083 shares, representing a significant portion of the company's equity[14] Operational Insights - The decline in net profit was attributed to logistics disruptions in certain regions and a decrease in commodity prices[9] - The company has not reported any significant changes in its operational strategies or market expansion plans during the quarter[19] - The company has not disclosed any new product developments or technological advancements in this reporting period[19] - The company has not reported any significant mergers or acquisitions during this quarter[19] Other Financial Metrics - The company reported non-operating income of CNY 1,275,267.63 after accounting for various non-recurring items[9] - The company's cash and cash equivalents amounted to ¥604,451,486.08, a decrease from ¥898,470,569.80 as of December 31, 2022[20] - Accounts receivable increased to ¥4,972,442,446.15 from ¥4,773,702,688.53 in the previous period, indicating a growth of approximately 4.17%[20] - The company’s total current assets include a notable amount in other receivables, which increased to ¥36,374,300.08 from ¥29,474,273.39[20] - Research and development expenses for Q1 2023 were CNY 80,370.99, indicating ongoing investment in innovation[24]