Chongqing Port (SH:600279)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,572,428,295.84, representing a year-on-year increase of 15.32%[6] - The net profit attributable to shareholders was a loss of CNY 426,984.32, a decrease of 109.06% compared to the same period last year[6] - The company reported a significant increase in investment income of 404.47%, primarily due to substantial profit growth from its joint venture, Shanmei Chongqing Port Logistics Co., Ltd.[9] - Total operating revenue for Q1 2023 was CNY 1,572,428,295.84, an increase of 15.3% compared to CNY 1,363,583,768.51 in Q1 2022[18] - Net profit for Q1 2023 reached CNY 11,113,700.32, compared to CNY 8,952,894.55 in Q1 2022, representing a growth of 24.2%[20] - The net profit for Q1 2023 was a loss of ¥2,767,505.90, compared to a loss of ¥2,345,917.01 in Q1 2022, indicating a deterioration in performance[29] - The company’s total comprehensive income for Q1 2023 was a loss of ¥2,767,505.90, compared to a loss of ¥2,345,917.01 in Q1 2022, reflecting ongoing challenges[29] Cash Flow - The net cash flow from operating activities was CNY 57,585,581.67, with no applicable year-on-year comparison[6] - Cash received from sales of goods and services in Q1 2023 was CNY 1,476,107,814.38, down from CNY 1,544,358,348.18 in Q1 2022, indicating a decrease of 4.4%[22] - The net cash flow from operating activities for Q1 2023 was ¥57,585,581.67, a significant improvement compared to a negative cash flow of -¥55,948,801.77 in Q1 2022[23] - Total cash inflow from operating activities was ¥1,490,207,601.55, while cash outflow was ¥1,432,622,019.88, resulting in a net cash flow of ¥57,585,581.67[23] - The total operating cash inflow decreased to ¥229,079,360.75 in Q1 2023 from ¥513,403,665.80 in Q1 2022, a decline of 55.5%[31] - The net cash flow from operating activities was negative at ¥74,407,241.80 in Q1 2023, down from a positive cash flow of ¥185,659,208.03 in Q1 2022[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 12,754,075,000.02, a decrease of 0.63% from the end of the previous year[7] - The company's total liabilities as of Q1 2023 amounted to CNY 5,687,373,232.38, a slight decrease from CNY 5,789,827,944.91 in the previous year[19] - The total assets as of Q1 2023 were CNY 12,754,075,000.02, slightly down from CNY 12,835,012,266.78 in the previous year[19] - The total liabilities decreased to ¥888,085,725.18 from ¥1,108,482,267.83[27] - The total assets as of March 31, 2023, were ¥5,497,690,006.41, down from ¥5,720,835,803.56 at the end of 2022[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,329[10] - The largest shareholder, Chongqing Port Logistics Group Co., Ltd., held 48.69% of the shares, totaling 577,934,762 shares[11] - The company reported a total of 10 major shareholders, with the largest being 重庆港务物流集团有限公司 holding 260,992,669 shares[12] Operational Metrics - The weighted average return on equity decreased by 0.088 percentage points to -0.008%[7] - The company experienced a 40.38% increase in accounts receivable financing, attributed to growth in its subsidiaries[9] - Short-term borrowings decreased by 74.09%, reflecting a reduction in bank short-term loans[9] - Total operating costs for Q1 2023 were CNY 1,579,352,939.33, up from CNY 1,364,794,040.00 in Q1 2022, reflecting a year-over-year increase of 15.7%[19] - The company reported an operating profit of CNY 18,340,146.41 for Q1 2023, compared to CNY 15,735,727.60 in Q1 2022, marking an increase of 16.5%[19] - Earnings per share for Q1 2023 were CNY -0.0004, a decline from CNY 0.0040 in Q1 2022[20] Inventory and Receivables - Current assets totaled ¥3,481,641,225.61, down from ¥3,549,034,376.06, indicating a decrease of about 1.91%[14] - Accounts receivable increased to ¥224,463,261.22 from ¥188,101,768.77, marking an increase of about 19.29%[14] - Inventory rose to ¥557,279,468.32, up from ¥501,161,781.07, reflecting an increase of approximately 11.21%[14] - Accounts payable decreased to ¥152,917,577.53 from ¥217,397,747.52, reflecting a decline of about 29.66%[15] - Contract liabilities increased to ¥430,207,348.74 from ¥323,416,887.22, marking an increase of approximately 33.06%[15]