ELION(SH:600277)2023-04-28 16:00Financial Performance - Total revenue for Q1 2023 was CNY 2,699,132,075.87, a decrease of 14.14% compared to the same period last year[12] - Net profit attributable to shareholders was CNY 15,999,173.77, down 88.72% year-on-year[12] - Basic earnings per share decreased to CNY 0.0045, a decline of 88.75% compared to the previous year[12] - Net profit for Q1 2023 was ¥17,466,725.36, a significant decline from ¥181,882,303.57 in Q1 2022, representing a decrease of 90.39%[24] - The net profit for Q1 2023 is CNY 65,584,873.55, a decrease of 40.5% compared to CNY 110,329,374.05 in Q1 2022[33] - The total comprehensive income attributable to shareholders for Q1 2023 was approximately 16.40 million, down from 141.92 million in Q1 2022[50] Cash Flow - Net cash flow from operating activities increased by 130.89% to CNY 261,871,155.43[12] - In Q1 2023, the company's cash inflow from operating activities totaled ¥2,901,439,117.22, a decrease of 8.7% compared to ¥3,178,845,966.54 in Q1 2022[28] - The net cash flow from operating activities for Q1 2023 was ¥261,871,155.43, significantly higher than ¥113,418,605.93 in Q1 2022, representing a year-over-year increase of 130.6%[28] - The company reported a net cash flow from financing activities of -¥114,169,971.51 in Q1 2023, an improvement from -¥768,644,963.17 in Q1 2022[28] - Cash flow from operating activities shows a net inflow of CNY 73,945,645.79, a turnaround from a net outflow of CNY -22,505,799.39 in the same period last year[33] Assets and Liabilities - Total assets increased to CNY 35,644,829,500.58, up 1.63% from the end of the previous year[5] - Total assets as of the end of the reporting period were ¥35,644,829,500.58, an increase from ¥35,072,628,509.53 at the end of the previous period[20] - Total liabilities decreased to ¥8,806,463,024.51 in Q1 2023 from ¥9,631,234,299.28 in Q1 2022, a reduction of 8.55%[20] - The total liabilities stand at CNY 6,651,305,519.74, compared to CNY 6,784,815,213.60 previously, indicating a decrease of 2.0%[32] - Non-current liabilities increased significantly to CNY 2,946,652,872.75 from CNY 2,109,199,498.63, reflecting a growth of 39.6%[32] Research and Development - Research and development expenses increased by 100% year-on-year, reflecting increased investment in fuel and power projects[15] - Research and development expenses increased to ¥104,500,873.34 in Q1 2023, compared to ¥35,166,180.46 in Q1 2022, marking a rise of 197.56%[24] - Research and development expenses increased significantly to approximately ¥32.22 million, up 170.5% from ¥11.91 million in Q1 2022[62] Shareholder Information - The number of common shareholders at the end of the reporting period was 122,398, with the top ten shareholders holding a significant portion of the shares[16] - The largest shareholder, Yili Resources Group Co., Ltd., held 1,289,400,000 shares, accounting for 36.21% of total shares[16] Government Subsidies and Other Income - The company received government subsidies, resulting in a 104.03% increase in other income compared to the previous year[15] - The company received government subsidies amounting to CNY 12,317,994.46, which are closely related to its normal business operations[36] Future Outlook and Strategy - The company has not provided specific guidance for future performance or new product developments in the current report[17] - The management highlighted a focus on expanding R&D efforts and improving operational efficiency in future quarters[64] - The company is committed to enhancing its market presence and exploring potential mergers and acquisitions as part of its growth strategy[64]