Cofco Sugar(SH:600737)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,797,018,528.13, representing a decrease of 1.52% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 274,008,030.30, an increase of 19.42% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 267,095,131.60, up 38.69% from the previous year[4] - The basic earnings per share for the period was CNY 0.1281, reflecting a year-on-year increase of 19.38%[4] - Total operating revenue for Q1 2023 was approximately $4.80 billion, a decrease of 1.5% compared to $4.87 billion in Q1 2022[18] - Net profit for Q1 2023 was approximately $279.11 million, an increase of 15.2% from $242.33 million in Q1 2022[19] - Basic earnings per share for Q1 2023 was $0.1281, compared to $0.1073 in Q1 2022, reflecting a growth of 14.8%[20] - The company reported a total comprehensive loss of approximately $539.55 million for Q1 2023, contrasting with a comprehensive income of $316.99 million in Q1 2022[20] - The total comprehensive income for Q1 2023 was a loss of ¥105.59 million, compared to a gain of ¥7.51 million in Q1 2022[28] Cash Flow - The net cash flow from operating activities was negative at CNY -3,119,743,220.72[4] - Cash flow from operating activities showed a net outflow of approximately $3.12 billion, worsening from a net outflow of $779.72 million in Q1 2022[21] - The cash flow from operating activities showed a net outflow of ¥2.13 billion in Q1 2023, worsening from a net outflow of ¥1.00 billion in Q1 2022[29] - The cash flow from investing activities generated a net inflow of ¥943.05 million in Q1 2023, compared to a net outflow of ¥38.49 million in Q1 2022[29] - The cash flow from financing activities resulted in a net inflow of ¥2.33 billion in Q1 2023, significantly up from ¥865.20 million in Q1 2022[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23,371,926,150.58, a 17.21% increase from the end of the previous year[5] - Current assets totaled RMB 18,055,579,062.91, up from RMB 14,626,454,275.00, indicating a growth of about 23.5% year-over-year[15] - Total liabilities reached RMB 13,112,885,223.24, up from RMB 9,128,969,225.38, indicating a growth of about 43.7%[16] - The total assets increased to ¥17,115,395,022.56 from ¥14,293,876,856.29, reflecting a growth of about 19.6% year-over-year[25] - The total liabilities increased to ¥8,003,335,165.46 from ¥5,076,226,052.01, which is an increase of approximately 57.5%[25] Shareholder Equity - Shareholders' equity attributable to shareholders of the listed company decreased by 5.15% to CNY 10,061,303,857.64[5] - The company's equity attributable to shareholders decreased to RMB 10,061,303,857.64 from RMB 10,607,842,489.63, a decline of approximately 5.2%[17] - The company's equity decreased to ¥9,112,059,857.10 from ¥9,217,650,804.28, indicating a decline of about 1.1%[26] Expenses and Investments - Research and development expenses increased significantly to approximately $8.89 million, compared to $429,769.37 in Q1 2022, indicating a focus on innovation[18] - The company recorded a significant decrease in tax expenses, amounting to approximately $38.21 million, down from $69.98 million in Q1 2022[19] - The company achieved a total investment income of approximately $25.12 million, a substantial increase from $1.76 million in the previous year[18] - The company's financial expenses included interest expenses of ¥53.39 million in Q1 2023, compared to ¥39.49 million in Q1 2022[27] - The company experienced a decrease in management expenses, which were ¥8.43 million in Q1 2023, down from ¥16.60 million in Q1 2022[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 126,535[9]