HONGCHENG WATERWORKS(SH:600461)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was approximately CNY 2.07 billion, representing a year-over-year increase of 2.36% compared to CNY 1.81 billion in the same period last year[4]. - The net profit attributable to shareholders for Q1 2023 was approximately CNY 291 million, reflecting a year-over-year increase of 9.05% from CNY 242 million in the previous year[4]. - The company reported a significant increase in revenue and net profit after adjustments, with adjusted figures showing a revenue of CNY 2.02 billion and a net profit of CNY 266 million, marking increases of 14.40% and 20.14% respectively[6]. - The total operating revenue for Q1 2023 was CNY 2,069,967,027.57, an increase from CNY 2,022,190,551.04 in Q1 2022, representing a growth of 2.36%[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 281,063,349.68, up 17.25% from CNY 239,675,251.63 in the same period last year[20]. - The company reported a basic earnings per share of CNY 0.27 and diluted earnings per share of CNY 0.22, which are increases of 3.85% and 4.76% respectively compared to the previous year[6]. - Basic earnings per share for Q1 2023 were CNY 0.27, compared to CNY 0.26 in Q1 2022, reflecting a year-over-year increase[45]. - Diluted earnings per share for Q1 2023 were CNY 0.22, up from CNY 0.21 in Q1 2022[45]. Cash Flow and Liquidity - The cash flow from operating activities for Q1 2023 was approximately CNY 314 million, indicating a year-over-year increase of 13.15%[6]. - The net cash flow from operating activities was CNY 314,221,347.60, down from CNY 335,875,737.28 in Q1 2022, showing a decline of approximately 6.5%[45]. - Cash inflow from operating activities totaled CNY 2,213,809,977.47 in Q1 2023, slightly higher than CNY 2,126,827,222.51 in Q1 2022, indicating a growth of approximately 4.1%[45]. - Cash outflow from operating activities was CNY 1,899,588,629.87 in Q1 2023, compared to CNY 1,790,951,485.23 in Q1 2022, representing an increase of about 6.1%[45]. - The ending cash and cash equivalents balance for Q1 2023 was CNY 2,379,125,681.77, up from CNY 3,302,836,447.02 in Q1 2022, reflecting a decrease of approximately 28%[46]. - The company’s cash and cash equivalents increased to approximately CNY 2.41 billion as of March 31, 2023, compared to CNY 2.33 billion at the end of 2022[14]. Acquisitions and Market Expansion - The company completed the acquisition of 100% equity in Jiangxi Dingyuan Ecological Environmental Protection Co., Ltd. for CNY 944.10 million, enhancing its market position[6]. - The company also acquired 100% equity in Jiangxi Lantian Bihui Environmental Engineering Co., Ltd. for CNY 277.84 million and Anyi County Water Supply Co., Ltd. for CNY 113.03 million, further expanding its operational capabilities[6]. - The company is focused on expanding its market presence through strategic acquisitions and enhancing its service offerings in the environmental sector[6]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 22,382,558,141.88, reflecting a 7.10% increase from CNY 20,899,441,823.98 at the end of the previous year[20]. - The total liabilities amounted to CNY 14,032,271,389.22, compared to CNY 12,808,037,022.11 in the previous year, indicating an increase of 9.52%[20]. - The equity attributable to shareholders of the listed company was CNY 7,402,352,644.93, which is a 4.14% increase from CNY 7,107,996,382.44 in the previous year[20]. - The total liabilities increased by CNY 1,224,234,367.11 from the previous year, indicating a significant rise in financial obligations[20]. - The total liabilities increased to ¥5,342,443,154.42 from ¥4,750,028,585.84, showing a rise of about 12.4%[40]. Research and Development - Research and development expenses for the quarter were CNY 22,617,973.85, compared to CNY 21,477,636.39 in the same period last year, showing an increase of 5.34%[30].