GDEP(SH:600310)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 5,928,790,478.64, representing a 75.58% increase compared to CNY 3,376,729,154.41 in the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 33,408,840.44, a significant recovery from a loss of CNY 92,123,682.40 in the previous year[5]. - The basic and diluted earnings per share for Q1 2023 were CNY 0.0228, recovering from a loss of CNY 0.0754 in the same period last year[6]. - The company reported an operating profit of 84.95 million RMB, a significant increase of 201.87% from the previous year's loss of 83.39 million RMB[15]. - The net profit for the period was 70.30 million RMB, up 231.63% from a loss of 53.40 million RMB in the same period last year[15]. - Earnings per share improved to 0.0228 RMB, a 130.44% increase from the previous year's loss of 0.0749 RMB[15]. - Net profit for Q1 2023 was ¥70,295,082.48, a turnaround from a net loss of ¥53,404,409.34 in Q1 2022[30]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.0228, compared to a loss per share of ¥0.0749 in Q1 2022[31]. Revenue and Costs - The operating revenue reached 592,879.05 million RMB, an increase of 75.58% year-on-year, with electricity sales revenue of 87,653.48 million RMB and oil business sales revenue of 503,982.63 million RMB[15]. - Total operating revenue for Q1 2023 reached ¥5,928,790,478.64, a significant increase of 75.5% compared to ¥3,376,729,154.41 in Q1 2022[29]. - Total operating costs in Q1 2023 were ¥6,005,791,085.51, up 88.5% from ¥3,181,745,075.67 in Q1 2022[30]. - The company reported a significant increase in sales revenue from goods and services, totaling ¥7,616,888,181.39 in Q1 2023, up from ¥4,264,579,796.74 in Q1 2022[34]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 20,944,549,458.38, a decrease of 2.51% from CNY 21,482,249,024.52 at the end of the previous year[6]. - The company's total liabilities decreased to RMB 16,399,270,944.63 from RMB 17,005,789,662.12, reflecting a decrease of approximately 3.6%[27]. - The company's total equity increased to RMB 4,545,278,513.75 from RMB 4,477,005,870.04, reflecting an increase of about 1.5%[27]. - As of March 31, 2023, the company's total current assets decreased to RMB 6,014,653,126.30 from RMB 6,535,474,559.60 as of December 31, 2022, representing a decline of approximately 8%[25]. - The company's cash and cash equivalents decreased to RMB 2,168,169,353.34 from RMB 2,650,306,704.41, a reduction of about 18%[25]. Cash Flow - The company experienced a cash flow deficit from operating activities of CNY -397,142,360.12, an improvement from CNY -470,408,970.30 in the previous year[6]. - Cash flow from operating activities in Q1 2023 was negative at -¥397,142,360.12, an improvement from -¥470,408,970.30 in Q1 2022[35]. - Cash flow from financing activities showed an inflow of ¥1,730,819,804.46 in Q1 2023, compared to ¥1,344,000,000.00 in Q1 2022[35]. - The net cash flow from financing activities was -$45,999,138.92, a decrease compared to $330,025,935.72 in the previous period[36]. - The ending balance of cash and cash equivalents was $1,551,013,729.58, down from $1,716,411,980.70 in the previous period[36]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,179[12]. - The largest shareholder, Guangxi Guangtou Zhengrun Development Group Co., Ltd., held 33.91% of the shares, totaling 496,977,588 shares[13]. Operational Performance - In Q1 2023, the company achieved a total power generation of 126,654.44 million kWh, a decrease of 32.00% year-on-year[15]. - The financial sales volume was 186,535.97 million kWh, down 18.10% compared to the previous year[15]. - The company experienced a decrease in hydropower generation due to reduced water inflow, resulting in a hydropower gross profit of 50.32 million RMB, down 8.11 million RMB year-on-year[16]. - The subsidiary Guixu Energy reported a net loss of 58.13 million RMB, a decrease of 81.87 million RMB compared to the previous year's profit of 23.74 million RMB[16]. Regulatory and Compliance - The company received an administrative penalty from the China Securities Regulatory Commission, leading to retrospective adjustments in financial statements for 2019 and 2020[17]. Financing Activities - The company repaid a total of 1,315.50 million RMB in loans and borrowed 1,721.00 million RMB from financial institutions in Q1 2023[19]. - The company signed multiple short-term loan agreements totaling RMB 95,000,000 with various banks to supplement working capital[20]. - The company reported a total of RMB 35,000,000 in loans from a subsidiary to support working capital needs[21].