GGEP(SH:600236)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,995,115,655.68, a decrease of 22.79% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was CNY 294,441,251.05, down 61.26% year-on-year[5] - The basic earnings per share for Q1 2023 was CNY 0.0349, reflecting a decline of 62.75% compared to the previous year[6] - The net cash flow from operating activities was CNY 1,319,204,141.75, a decrease of 16.71% year-on-year[5] - The company reported a net profit margin of approximately 20% for Q1 2023, down from 38.5% in Q1 2022[18] - In Q1 2023, the company's net profit was CNY 342,486,430.71, a decrease of 61.2% compared to CNY 883,471,195.75 in Q1 2022[19] - Operating profit for Q1 2023 was CNY 393,896,465.12, significantly lower than CNY 1,016,870,049.49 in the same period last year, a drop of 61.2%[19] - The total comprehensive income for Q1 2023 was CNY 342,486,430.71, down from CNY 883,471,195.75 in Q1 2022, reflecting a decline of 61.2%[20] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 44,642,622,061.89, a decrease of 1.30% from the end of the previous year[6] - Current liabilities totaled CNY 10,577,280,725.09 as of March 31, 2023, down from CNY 11,397,517,775.47 at the end of 2022, indicating a decrease of 7.2%[16] - Non-current liabilities were CNY 11,713,493,708.73 as of March 31, 2023, slightly down from CNY 11,853,662,445.87 at the end of 2022, a decrease of 1.2%[16] - The company's total liabilities decreased from CNY 9,671,586,262.88 in December 2022 to CNY 7,744,424,439.94 in March 2023, a decline of about 20%[27] Cash Flow - The company's operating cash flow for Q1 2023 was CNY 1,319,204,141.75, down from CNY 1,583,946,991.99 in Q1 2022, reflecting a decrease of 16.7%[22] - The company incurred a net cash outflow from financing activities of CNY 901,067,973.00 in Q1 2023, compared to CNY 1,154,519,383.50 in Q1 2022[23] - The net cash flow from investment activities was ¥875,720,832.31, a turnaround from a net outflow of ¥274,358,059.97 in Q1 2022[30] - The total cash outflow from operating activities was ¥911,200,282.16, significantly lower than ¥2,132,146,624.34 in Q1 2022, indicating improved cost management[30] Shareholder Information - The company had a total of 49,115 common shareholders at the end of the reporting period[10] - The equity attributable to shareholders increased to CNY 19,230,194,023.30, representing a growth of 1.73% compared to the previous year[6] - The company's total equity increased to CNY 22,351,847,628.07 as of March 31, 2023, compared to CNY 21,980,242,432.22 at the end of 2022, reflecting an increase of 1.7%[16] Operational Insights - The decrease in net profit was primarily attributed to a reduction in water and electricity generation compared to the previous year[8] - The company plans to focus on expanding its renewable energy projects in the upcoming quarters to enhance growth and sustainability[17] Other Financial Metrics - The company's financial expenses in Q1 2023 were CNY 148,023,208.29, a reduction of 29% compared to CNY 208,616,487.03 in Q1 2022[19] - The company's tax expenses for Q1 2023 were CNY 52,366,771.72, a decrease from CNY 137,224,087.54 in Q1 2022, representing a reduction of 61.8%[19] - The company's cash and cash equivalents at the end of Q1 2023 stood at ¥43,385,045.36, a decrease from ¥493,908,818.71 at the end of Q1 2022[31] - The company did not apply new accounting standards or interpretations for the first time in 2023, ensuring consistency in financial reporting[31]