XCEP(SH:600505)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 326,415,428.97, representing a year-on-year increase of 19.74%[5] - The net profit attributable to shareholders was CNY -34,930,149.74, a decrease of 65.99% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -32,577,101.94, down 70.63% year-on-year[5] - The basic earnings per share were CNY -0.0958, a decrease of 66.03% year-on-year[6] - Net profit attributable to shareholders decreased by 65.99% year-on-year, mainly due to increased electricity purchase costs and operational expenses from the Kangwu Power Station[11] - Net loss for Q1 2023 was CNY 40,426,430.77, compared to a net loss of CNY 19,366,425.55 in Q1 2022, representing an increase in loss of 108.5%[21] - The company's total equity decreased to CNY 1,422,804,453.44 in Q1 2023 from CNY 1,461,023,515.51 in Q1 2022, a decline of 2.6%[20] - The total comprehensive loss for Q1 2023 was CNY -19,156,431.41, compared to CNY -20,759,073.40 in Q1 2022, reflecting a reduction in overall losses[31] Cash Flow - The net cash flow from operating activities was CNY 23,959,755.89, an increase of 167.48% compared to the previous year[5] - Cash flow from operating activities increased by 167.48% compared to the same period last year, driven by an increase in cash received from sales of goods and services[11] - In Q1 2023, the net cash flow from operating activities was ¥23,959,755.89, a significant improvement compared to a net outflow of ¥35,507,941.76 in Q1 2022, representing a turnaround of approximately 167.5%[23] - The net cash flow from investing activities was -¥29,942,674.38, an improvement from -¥185,369,042.90 in Q1 2022, indicating a reduction in cash outflow by approximately 83.9%[24] - Cash inflow from financing activities decreased significantly to ¥4,674,099.60 from ¥192,784,161.43 in Q1 2022, a decline of about 97.6%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,569,095,410.27, a decrease of 1.34% from the end of the previous year[6] - The company's total assets decreased to CNY 4,569,095,410.27 in Q1 2023 from CNY 4,631,251,459.60 in Q1 2022, a decline of 1.3%[20] - Total liabilities decreased to CNY 3,146,290,956.83 in Q1 2023 from CNY 3,170,227,944.09 in Q1 2022, a reduction of 0.8%[19] - The company's total liabilities were ¥1,286,069,263.69, slightly down from ¥1,291,278,774.96 at the end of 2022, indicating a decrease of approximately 0.4%[29] Operational Costs and Expenses - Operating costs increased by 20.93% year-on-year, mainly due to higher electricity purchase costs and operational expenses from the new Kangwu Power Station[10] - Total operating costs for Q1 2023 were CNY 366,567,904.84, up 25.8% from CNY 291,462,295.58 in Q1 2022[20] - The company's financial expenses increased by 207.54% year-on-year, primarily due to interest expenses from project borrowings related to the operation of the new Kangwu Power Station[10] - The company reported a significant increase in financial expenses, which rose to CNY 23,943,159.27 in Q1 2023 from CNY 7,785,302.30 in Q1 2022[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,505[13] - The largest shareholder, State Grid Sichuan Electric Power Company, holds 20.1% of the shares, totaling 73,449,220 shares[14] - Sichuan Hydropower Investment Group holds 18.3% of the shares, totaling 66,770,883 shares[14] - The company reported a significant decrease in minority shareholders' profit by 427.79% year-on-year, primarily due to losses from subsidiaries[11] Inventory and Investment - The company's inventory increased by 56.71% compared to the beginning of the period, mainly due to increased engineering construction[9] - The company's inventory increased to CNY 50,352,719.16 in Q1 2023 from CNY 32,130,170.55 in Q1 2022, reflecting a growth of 57.0%[19] - The total investment cash outflow for Q1 2023 was CNY 70,551,067.47, compared to CNY 123,507,476.86 in Q1 2022, indicating a decrease of 42.83%[34] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[11]