TEC(SH:600780)2023-04-26 16:00Financial Performance - The company's operating revenue for the first quarter reached CNY 3,010,823,355.58, representing an increase of 8.49% compared to the previous period[3] - Net profit attributable to shareholders of the listed company was CNY 237,476,968.68, a decrease of 11.35% year-on-year[3] - Basic earnings per share were CNY 0.2071, down by 11.38% compared to the same period last year[3] - Total operating revenue for Q1 2023 reached ¥3,010,823,355.58, an increase of 8.5% compared to ¥2,775,233,352.79 in Q1 2022[23] - Net profit for Q1 2023 was ¥237,133,399.45, a decrease of 11.4% from ¥267,558,826.43 in Q1 2022[24] - Total comprehensive income for Q1 2023 was ¥237,133,399.45, compared to ¥267,558,826.43 in Q1 2022, reflecting a decline of 11.4%[24] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 376,751,997.65, showing an increase of 21.60%[3] - Cash inflow from operating activities for Q1 2023 was approximately CNY 3.62 billion, up from CNY 2.26 billion in Q1 2022, representing a year-over-year increase of 60%[25] - Net cash outflow from investing activities was CNY -106.32 million in Q1 2023, an improvement from CNY -149.18 million in Q1 2022[27] - Cash inflow from financing activities totaled CNY 240 million in Q1 2023, significantly higher than CNY 32 million in Q1 2022[27] - The net increase in cash and cash equivalents for Q1 2023 was CNY 214.15 million, compared to CNY 57.58 million in Q1 2022, indicating a strong liquidity position[27] - Cash and cash equivalents at the end of Q1 2023 were CNY 2.23 billion, up from CNY 1.71 billion at the end of Q1 2022, showing a year-over-year increase of 30%[27] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 10,032,685,605.62, a slight increase of 0.01% from the end of the previous year[3] - The company's total liabilities decreased to ¥3,178,144,423.70 from ¥3,444,480,798.30 year-over-year, a reduction of approximately 7.7%[22] - The company's total liabilities decreased to CNY 3.18 billion as of March 31, 2023, from CNY 3.44 billion at the end of 2022[36] - Total current assets as of March 31, 2023, were CNY 3.50 billion, an increase from CNY 3.42 billion at the end of 2022, indicating a positive trend in asset management[34] Shareholder Information - Shareholders' equity attributable to the listed company was CNY 6,888,653,477.25, reflecting a growth of 4.04% year-on-year[3] - The total number of common shareholders at the end of the reporting period was 33,528[8] - The largest shareholder, Shanxi International Power Group Co., Ltd., holds 57.33% of the shares[8] - Shareholders' equity attributable to the parent company increased to ¥6,888,653,477.25 from ¥6,620,864,213.24, representing a growth of 4.0%[22] - Shareholder equity increased to CNY 6.85 billion as of March 31, 2023, compared to CNY 6.59 billion at the end of 2022, reflecting a growth of approximately 4%[36] Expenses - Total operating costs for Q1 2023 were ¥2,770,664,068.72, up from ¥2,504,077,153.99 in Q1 2022, reflecting a year-over-year increase of 10.6%[23] - Research and development expenses for Q1 2023 were ¥203,246.00, down from ¥287,875.00 in Q1 2022, indicating a decrease of 29.5%[23] - The company reported a financial expense of ¥4,107,035.44 in Q1 2023, significantly lower than ¥8,909,960.51 in Q1 2022, marking a reduction of 53.9%[23] Return on Investment - The weighted average return on net assets decreased by 1.03 percentage points to 3.52%[3] - The company's long-term borrowings increased to ¥270,000,000.00 from ¥120,000,000.00, showing a significant rise of 125.0%[22]