BJP(SH:600578)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 8,577,138,182.40, representing a year-on-year increase of 9.49%[4] - The net profit attributable to shareholders was RMB 407,561,486.32, reflecting a significant increase of 39.02% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was RMB 395,138,638.05, up by 38.13% year-on-year[4] - Operating profit for Q1 2023 was ¥507,766,614.84, compared to ¥348,161,224.23 in Q1 2022, indicating a growth of 45.9%[21] - Net profit attributable to shareholders for Q1 2023 was ¥1,305,242,850.35, an increase from ¥897,681,364.03 in Q1 2022, representing a growth of 45.5%[19] - The total profit for Q1 2023 was approximately ¥508.13 million, an increase from ¥348.01 million in Q1 2022, representing a growth of 46.1%[22] - The net profit attributable to shareholders of the parent company for Q1 2023 was approximately ¥407.56 million, compared to ¥293.17 million in Q1 2022, reflecting an increase of 38.9%[22] - The basic earnings per share for Q1 2023 was ¥0.06, up from ¥0.04 in Q1 2022, indicating a 50% increase[22] Cash Flow - The net cash flow from operating activities was negative at RMB -267,527,121.05, a decline of 120.44% compared to the previous year[4] - Cash received from operating activities decreased by 67.63% to ¥164,611,728.20, mainly due to a shift from equipment purchase to financing lease in the previous year[9] - Cash inflow from operating activities for Q1 2023 was approximately ¥9.36 billion, compared to ¥8.88 billion in Q1 2022, showing an increase of 5.5%[24] - The net cash flow from operating activities for Q1 2023 was negative at approximately -¥267.53 million, a decline from a positive ¥1.31 billion in Q1 2022[24] - Cash inflow from investment activities for Q1 2023 was approximately ¥199.16 million, compared to ¥122.19 million in Q1 2022, representing an increase of 63.1%[25] - The net cash flow from investment activities for Q1 2023 was approximately -¥630.25 million, an improvement from -¥813.47 million in Q1 2022[25] - Cash inflow from financing activities for Q1 2023 was approximately ¥6.85 billion, compared to ¥6.52 billion in Q1 2022, indicating an increase of 5.1%[25] - The net cash flow from financing activities for Q1 2023 was approximately ¥1.36 billion, a significant recovery from a negative cash flow of -¥212.47 million in Q1 2022[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 86,254,586,003.70, an increase of 1.84% from the end of the previous year[5] - Total assets as of Q1 2023 amounted to ¥86,254,586,003.70, compared to ¥84,693,136,899.96 at the end of Q1 2022, showing an increase of 1.8%[19] - Total liabilities for Q1 2023 were ¥56,253,675,240.84, up from ¥55,280,023,893.71 in Q1 2022, reflecting a rise of 1.8%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,555[10] - The largest shareholder, Beijing Jingneng International Energy Co., Ltd., holds 42.86% of the shares, totaling 2,869,161,970 shares[11] Research and Development - Research and development expenses decreased by 52.46% to RMB 3,448,697.97, indicating a reduction in R&D investment[8] - Research and development expenses for Q1 2023 were ¥3,448,697.97, down from ¥7,253,920.96 in Q1 2022, a decrease of 52.4%[21] Other Income and Expenses - The company received government subsidies amounting to RMB 19,731,861.53, mainly from VAT refunds and environmental technology upgrades[6] - Other income increased by 47.79% to ¥19,731,861.53, primarily due to the increase in VAT refunds for the controlling company Jingtai Power during the reporting period[9] - Investment income received in cash rose by 60.98% to ¥195,906,754.07, mainly due to increased dividends from associated companies[9] - Tax expenses paid increased by 56.23% to ¥327,490,949.91, driven by higher sales revenue[9] - The company reported a decrease of 22.43% in cash used for debt repayment, amounting to ¥4,653,754,942.74, due to reduced repayment of due financing loans[9] - The cash flow from tax refunds received was down by 36.40% to ¥24,557,404.23, primarily due to a decrease in VAT refunds[9] Cash and Cash Equivalents - The company’s cash and cash equivalents increased to ¥4,851,476,013.50 from ¥4,375,091,427.32 in the previous year[15] - Cash and cash equivalents increased to ¥13,067,330,099.34 in Q1 2023 from ¥11,330,450,381.78 in Q1 2022, marking a growth of 15.4%[18] - The ending cash and cash equivalents balance for Q1 2023 was approximately ¥4.57 billion, up from ¥3.91 billion in Q1 2022, reflecting an increase of 16.8%[25]