涪陵电力(600452) - 2023 Q1 - 季度财报

Financial Performance - Net profit decreased by 38.48% primarily due to the expiration of certain energy-saving project contracts and delays in new projects caused by the pandemic[6] - The net profit attributable to shareholders for Q1 2023 was CNY 1,664,802,886.67, compared to CNY 1,549,288,348.64 in Q4 2022, reflecting a growth of 7.43%[19] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.13, a decrease of 38.48% from CNY 0.21 in Q4 2022[21] - The company reported a comprehensive income total of CNY 115,514,538.03 for Q1 2023, down from CNY 187,782,515.25 in Q4 2022[21] - Net profit attributable to shareholders for Q1 2023 was CNY 115,514,538.03, down 38.48% from CNY 187,782,515.25 in Q1 2022[47] - The company reported a total profit of CNY 126,684,059.03 for Q1 2023, down from CNY 200,638,232.99 in Q1 2022[47] Revenue and Cash Flow - Cash received from sales of goods and services increased by 81.91% due to higher cash inflows from electricity sales and energy-saving services[6] - Operating revenue for Q1 2023 was CNY 826,313,099.91, a decrease of 2.43% compared to CNY 846,886,098.18 in Q1 2022[47] - Cash flow from operating activities for Q1 2023 was CNY 197,191,528.52, slightly up by 2.02% from CNY 193,292,381.23 in Q1 2022[47] Assets and Liabilities - As of March 31, 2023, total assets increased to CNY 7,091,303,225.67, up 1.51% from CNY 6,985,501,411.99 at the end of 2022[19] - The company's total current assets reached CNY 3,439,281,473.65, an increase of 11.16% compared to CNY 3,093,011,743.98 at the end of 2022[19] - The total liabilities amounted to CNY 2,361,468,901.46, a slight decrease from CNY 2,379,952,361.57 at the end of 2022[35] - The total equity attributable to shareholders increased to CNY 4,729,834,324.21, up 2.70% from CNY 4,605,549,050.42 at the end of 2022[27] Inventory and Receivables - Inventory increased by 103.66% primarily due to the accumulation of project reserve materials[6] - Inventory as of March 31, 2023, was CNY 2,222,906.64, significantly higher than CNY 1,091,487.43 at the end of 2022, indicating a growth of 103.67%[19] - Accounts receivable financing increased by 1,073.43% due to the increase in received but not yet due bank acceptance bills[6] - Other receivables rose by 230.03% mainly due to increased interest income from notified deposits and prior expenses[6] Expenses - Financial expenses decreased by 544.89% due to increased interest income from idle funds[6] - Cash paid for taxes increased by 190.17% mainly due to higher VAT and corporate income tax payments[6] - Non-operating income decreased by 43.08% primarily due to reduced income from electricity late payment penalties[6] - Total operating costs increased to CNY 680,670,102.61 in Q1 2023 from CNY 633,957,694.66 in Q1 2022[47] - Research and development expenses were not explicitly stated but are part of the overall cost structure impacting profitability[47] - Financial expenses showed a significant improvement, with a net income of CNY -6,735,518.43 in Q1 2023 compared to CNY 1,513,968.49 in Q1 2022[47] - Investment income for Q1 2023 was a loss of CNY -4,186,088.42, contrasting with a gain of CNY 7,733,724.38 in Q1 2022[47] Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[39]