CC GAS(SH:600333)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 657,409,237.42, representing a decrease of 1.38% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 54,582,126.23, with a basic and diluted earnings per share of -0.09 yuan[6][7]. - The company reported a total comprehensive loss of CNY 56,526,229.42 for Q1 2023, compared to a total comprehensive loss of CNY 12,648,776.95 in Q1 2022, reflecting a significant deterioration in overall financial performance[19]. - The company reported a net profit decline, with undistributed profits at CNY 186,147,943.16, down from CNY 240,678,019.39 year-over-year[17]. - Operating profit for Q1 2023 was CNY -70,487,192.22, significantly worse than the operating profit of CNY -9,342,639.80 in the same period last year[19]. - Net profit for Q1 2023 was CNY -45,049,551.35, down from CNY 18,349,003.31 in Q1 2022, reflecting a negative performance shift[29]. - The weighted average return on equity was -2.74%, a decrease of 2.19 percentage points year-on-year[7]. Cash Flow - The net cash flow from operating activities was -CNY 97,484,412.11, indicating a significant decline in cash generation[6]. - Cash flow from operating activities showed a net outflow of CNY 97,484,412.11 in Q1 2023, compared to a net outflow of CNY 76,942,829.13 in Q1 2022, indicating a worsening cash flow situation[21]. - Cash inflow from operating activities totaled $532.90 million, slightly up from $524.15 million year-over-year[32]. - Cash outflow from operating activities increased to $604.58 million from $566.73 million, reflecting higher operational costs[32]. - The net cash flow from investing activities was CNY -21,163,150.79 in Q1 2023, an improvement from CNY -28,922,249.69 in Q1 2022, suggesting better management of investment cash flows[22]. - Cash flow from investing activities was -$11.81 million, an improvement from -$25.13 million in the previous year, suggesting reduced capital expenditures[32]. - The net increase in cash and cash equivalents was $73.84 million, contrasting with a decrease of $12.61 million in the previous year[32]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 6,165,348,348.76, an increase of 1.72% from the end of the previous year[7]. - Total assets increased to CNY 6,165,348,348.76, compared to CNY 6,060,953,179.57 in the previous year, marking a growth of 1.73%[17]. - The company's total liabilities reached CNY 4,162,317,171.78, up from CNY 4,001,259,461.56, reflecting a 4.02% increase[16]. - Current liabilities rose to CNY 3,747,143,346.65, an increase of 4.05% from CNY 3,601,011,542.78 in Q1 2022[16]. - Total liabilities rose to CNY 3,866,994,335.85 in Q1 2023, up from CNY 3,719,191,276.02 in Q1 2022, marking an increase of 4.0%[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,825[10]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., held 58.75% of the shares, totaling 357,810,876 shares[11]. Operational Efficiency - The company raised CNY 677,000,000.00 through borrowings in Q1 2023, a significant increase from CNY 184,310,000.00 in Q1 2022, indicating a strong reliance on debt financing[22]. - The company reported a credit impairment loss of CNY -40,881,737.56 in Q1 2023, compared to CNY -2,995,550.80 in Q1 2022, indicating increased credit risk[29]. - The overall financial performance indicates a need for strategic adjustments to improve cash flow management and operational efficiency[32]. Government Support - The company received government subsidies amounting to CNY 8,556,280.75 during the reporting period[8]. Research and Development - The company’s research and development expenses were reported at CNY 4,200.00, indicating ongoing investment in innovation[17].