2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 17,941,753, an increase of 16.9% compared to RMB 15,347,614 in the same period last year[4] - Net profit attributable to shareholders was RMB 145,114, representing a 95.6% increase from RMB 68,290 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 164,011, a significant increase of 198.1% from RMB 49,132 in the previous year[4] - Basic and diluted earnings per share both reached RMB 0.008, doubling from RMB 0.004 in the same quarter last year[6] - In Q1 2023, the company reported a net profit of 145,114 thousand RMB, a significant increase of 95.5% compared to 74,179 thousand RMB in Q1 2022[25] - The total revenue from operating activities reached 18,666,840 thousand RMB, up from 15,035,531 thousand RMB in the same period last year, reflecting a growth of 17.5%[27] - The company generated cash inflows from sales of goods and services amounting to 14,706,422 thousand RMB, compared to 12,354,400 thousand RMB in Q1 2022, marking an increase of 18.9%[27] - The company reported a total comprehensive income of 145,114 thousand RMB, which is the same as the net profit, indicating no other comprehensive income for the period[26] Assets and Liabilities - The total assets at the end of the reporting period were RMB 71,390,840, a slight increase of 0.3% from RMB 71,200,517 at the end of the previous year[6] - The company reported a total asset of RMB 71,390.84 million as of March 31, 2023, slightly up from RMB 71,208.02 million at the end of 2022[23] - The total liabilities of the company were RMB 63,622.04 million, a decrease from RMB 63,778.28 million at the end of 2022[23] - The company’s total equity attributable to shareholders was RMB 7,768.80 million, an increase from RMB 7,429.73 million at the end of 2022[23] Cash Flow - The net cash flow from operating activities was negative at RMB -521,584, an improvement from RMB -902,539 in the same period last year[4] - Cash flow from financing activities showed a net increase of 829,240 thousand RMB, compared to 357,572 thousand RMB in Q1 2022, indicating a growth of 132.5%[28] - The company incurred a total operating expense of 19,188,424 thousand RMB, up from 15,938,070 thousand RMB in Q1 2022, representing a rise of 20.8%[27] - The company’s investment activities resulted in a net cash outflow of 276,188 thousand RMB, compared to a net outflow of 224,681 thousand RMB in Q1 2022[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 115,391[10] - The largest shareholder, China Petroleum & Chemical Corporation, holds 56.51% of the shares, totaling 10,727,896,364 shares[10] Contracts and Business Operations - The total new contracts signed in Q1 2023 amounted to RMB 31.42 billion, a year-on-year increase of 5.6%[19] - New contracts signed with China Petroleum Group reached RMB 18.1 billion, up 11.0% year-on-year[19] Research and Development - The company’s R&D expenses in Q1 2023 were RMB 210.76 million, down from RMB 310.44 million in Q1 2022[24] Inventory and Cash Equivalents - The company’s inventory increased to RMB 1,868.64 million from RMB 1,116.34 million year-on-year[21] - The company’s cash and cash equivalents stood at RMB 1,837.08 million, showing a slight decrease from RMB 1,838.23 million at the end of 2022[21] - The cash and cash equivalents at the end of Q1 2023 stood at 1,837,084 thousand RMB, an increase from 1,720,871 thousand RMB at the end of Q1 2022[28]