SHANGHAI ENERGY(SH:600508)2023-04-27 16:00Financial Performance - In Q1 2023, the company's operating revenue reached ¥3,142,104,755.87, representing a year-on-year increase of 0.51%[7] - The net profit attributable to shareholders was ¥835,440,214.36, reflecting a growth of 7.05% compared to the same period last year[7] - Total operating revenue for Q1 2023 was RMB 3,142,104,755.87, a slight increase from RMB 3,126,282,355.29 in Q1 2022, representing a growth of approximately 0.57%[29] - Net profit for Q1 2023 was RMB 863,615,027.22, up from RMB 772,276,804.71 in Q1 2022, indicating an increase of approximately 11.83%[29] - The company reported a comprehensive income total of RMB 859,153,681.93 for Q1 2023, compared to RMB 769,207,175.79 in Q1 2022, representing an increase of about 11.71%[38] Cash Flow and Liquidity - The net cash flow from operating activities surged by 298.46%, amounting to ¥636,557,149.40, primarily due to increased cash receipts from sales[7][14] - Cash inflow from operating activities for Q1 2023 was approximately $3.20 billion, up from $2.52 billion in Q1 2022, representing a year-over-year increase of about 26.9%[40] - Net cash flow from operating activities for Q1 2023 was approximately $636.56 million, significantly higher than $159.75 million in Q1 2022, indicating a substantial improvement in operational efficiency[40] - The ending balance of cash and cash equivalents for Q1 2023 was approximately $3.27 billion, up from $595.09 million at the end of Q1 2022, indicating strong liquidity position[40] Assets and Liabilities - The total assets at the end of the reporting period were ¥20,039,740,659.91, an increase of 3.62% from the previous year[7] - The company's total assets as of March 31, 2023, amounted to RMB 20,039,740,659.91, compared to RMB 19,340,252,715.24 at the end of 2022, showing a growth of about 3.61%[31] - Total liabilities decreased to RMB 6,985,413,051.51 in Q1 2023 from RMB 7,202,761,130.72 in Q1 2022, a decline of approximately 3.02%[29] Shareholder Equity - The equity attributable to shareholders rose to ¥13,037,193,462.60, marking a 7.24% increase year-on-year[7] - The total equity attributable to shareholders of the parent company increased to RMB 13,037,193,462.60 as of March 31, 2023, from RMB 12,156,603,724.40 at the end of 2022, indicating a growth of approximately 7.25%[29] Production and Operations - The company produced 2.0932 million tons of self-produced coal and 1.0941 million tons of washed coal in Q1 2023[17] - The electricity generation for the quarter was 825 million kWh, while aluminum processing reached 19,700 tons[17] Expenses and Payments - Total operating costs decreased to RMB 1,975,080,147.05 in Q1 2023 from RMB 2,061,337,254.27 in Q1 2022, reflecting a reduction of about 4.17%[29] - The company's R&D expenses significantly decreased to RMB 2,272,977.71 in Q1 2023 from RMB 10,571,593.16 in Q1 2022, a reduction of approximately 78.5%[29] - Employee compensation payments increased to approximately $696.57 million in Q1 2023 from $571.33 million in Q1 2022, reflecting a rise of about 22%[40] - Tax payments rose to approximately $669.21 million in Q1 2023, compared to $422.36 million in Q1 2022, showing an increase of approximately 58.5%[40] Shareholder Information - The top shareholder, China Coal Energy Co., Ltd., holds 62.43% of the shares, totaling 451,191,333 shares[15] - The company received government subsidies amounting to ¥867,773.74, which are closely related to its normal business operations[12] Return on Equity - The weighted average return on equity decreased by 0.53 percentage points to 6.63%[7]