ycec(SH:600248)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 35,528,404,694.84, representing a year-on-year increase of 1.71% compared to CNY 33,499,786,085.66 in the same period last year[18]. - The net profit attributable to shareholders of the listed company for Q1 2023 was CNY 817,385,625.48, an increase of 1.97% from CNY 770,207,310.44 in the previous year[18]. - Total operating revenue for Q1 2023 reached CNY 35,528,404,694.84, an increase from CNY 34,929,528,128.68 in Q1 2022, representing a growth of approximately 1.71%[27]. - Net profit attributable to shareholders of the parent company for Q1 2023 was CNY 817,385,625.48, compared to CNY 801,568,562.89 in Q1 2022, reflecting an increase of about 1.01%[30]. - The company reported a net profit margin of approximately 2.76% for Q1 2023, calculated from the net profit and total operating revenue[30]. Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 267,509,012,762.60, slightly down from CNY 270,368,692,655.07 at the end of 2022[15]. - The company's total assets decreased by 0.83% to CNY 306,196,378,244.94 from CNY 308,755,783,143.70 at the end of the previous year[19]. - Total liabilities amounted to CNY 270,423,810,893.18, down from CNY 274,061,663,968.19[42]. - Total equity attributable to shareholders of the parent company increased to CNY 24,419,330,600.15 from CNY 23,505,451,510.89[42]. Cash Flow - The net cash flow from operating activities for the period was negative CNY 3,991,128,799.18, indicating a significant decline compared to the positive cash flow in the previous year[19]. - The net cash flow from operating activities decreased by 983.18% due to increased production and operating expenses[37]. - The net cash flow from investing activities decreased by 504.35% due to increased external investments[37]. - The net cash outflow from operating activities was CNY 3,991,128,799.18, contrasting with a net inflow of CNY 451,904,856.76 in the same period last year[48]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 57,952[11]. - The largest shareholder, Shaanxi Construction Holding Group Co., Ltd., holds 67.06% of the shares, totaling 2,473,935,223 shares[11]. Inventory and Receivables - Accounts receivable decreased to CNY 142,045,273,728.78 in Q1 2023 from CNY 150,459,667,756.86 in the previous year, indicating a reduction of approximately 5.4%[15]. - The company's inventory increased to CNY 3,275,163,399.96 in Q1 2023, compared to CNY 2,876,606,748.10 in the same period last year, reflecting a growth of about 13.9%[15]. Investments and Expenses - The company made significant investments totaling CNY 506,297,941.00 in Q1 2023, compared to CNY 15,641,151.88 in the same period last year, indicating a strategic focus on expansion[33]. - Research and development expenses for Q1 2023 were CNY 180,680,072.37, slightly down from CNY 180,788,554.72 in Q1 2022, showing a marginal decrease[29]. - The total operating costs for Q1 2023 were CNY 34,230,778,949.21, up from CNY 33,702,085,596.40 in Q1 2022, marking an increase of about 1.57%[29]. Other Financial Metrics - The weighted average return on net assets decreased to 4.33% from 4.77% at the end of the previous year, indicating a decline in profitability[19]. - The company reported a net profit of CNY 16,287,667.98 after tax and minority interest adjustments[35]. - Cash paid for purchasing goods and services increased to CNY 35,776,792,228.29, up from CNY 32,684,474,658.65, reflecting a rise of 9.0%[48]. - Cash received from investment income was CNY 24,598,299.90, significantly higher than CNY 2,720,859.63 in Q1 2022, marking an increase of 805.5%[48].