2023-04-28 16:00Financial Performance - Total operating income for Q1 2023 reached ¥14,717,057,814.50, an increase of 4.32% year-on-year[4] - Net profit attributable to shareholders was ¥1,019,048,037.33, reflecting a growth of 10.04% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥954,401,082.57, a significant increase of 43.94%[4] - Basic and diluted earnings per share were both ¥0.327, an increase of 10.10%[6] - The net profit for Q1 2023 was ¥1,081,476,346.18, an increase of 10.85% compared to ¥975,346,762.75 in Q1 2022[20] - The total profit for Q1 2023 was ¥1,206,423,780.70, an increase of 10.36% from ¥1,091,024,122.87 in Q1 2022[20] - The total comprehensive income attributable to the parent company's shareholders was ¥1,018,450,112.07, up from ¥926,098,425.77 in the same period last year, representing a growth of 9.93%[21] Cash Flow - The net cash flow from operating activities was -¥2,549,740,798.22, indicating a negative cash flow situation[6] - The company's cash flow from operating activities for Q1 2023 was RMB 5.123 billion, indicating strong operational performance[15] - Cash inflow from operating activities totaled ¥9,042,633,552.84, compared to ¥8,113,772,416.65 in the previous year, marking an increase of 11.43%[22] - The net cash flow from investing activities was ¥2,476,731,084.24, a significant improvement from a net outflow of ¥250,320,383.54 in Q1 2022[23] - The net cash flow from financing activities was ¥36,464,638.93, compared to ¥219,535,223.68 in the same quarter last year, indicating a decrease[23] - Net cash flow from operating activities for Q1 2023 was negative CNY 3.50 billion, a significant decline from negative CNY 1.61 billion in Q1 2022[30] - Cash inflow from operating activities totaled CNY 1.01 billion in Q1 2023, down from CNY 2.05 billion in Q1 2022, representing a decline of approximately 50.7%[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥118,497,770,496.88, up 2.80% from the end of the previous year[6] - The company's total current assets as of March 31, 2023, amounted to RMB 72.026 billion, an increase from RMB 67.410 billion at the end of 2022[15] - The company’s total liabilities as of March 31, 2023, were RMB 45.123 billion, reflecting a stable financial position[15] - Total liabilities reached ¥78,774,458,869.31, up from ¥76,640,188,940.23, which is an increase of 2.8%[17] - The total assets as of March 31, 2023, were ¥40,757,448,721.13, down from ¥43,903,319,544.14 at the end of 2022[26] - The total liabilities decreased to ¥15,146,170,164.20 from ¥18,478,179,144.82 at the end of 2022[26] Investments and Orders - The company reported a significant increase in long-term equity investment income by 44.35% compared to the previous year[11] - New orders for the company reached RMB 22.615 billion in Q1 2023, representing a year-on-year increase of 26.06%, with clean and efficient energy equipment accounting for 37.58% of the total[14] - The company’s long-term equity investments reached RMB 2.527 billion as of March 31, 2023, compared to RMB 2.398 billion at the end of 2022[15] Research and Development - Research and development expenses for Q1 2023 were ¥518,969,374.40, compared to ¥454,694,464.23 in Q1 2022, indicating a growth of 14.1%[19] - Research and development expenses increased significantly to ¥71,741,765.82, up 114.4% from ¥33,419,072.42 in Q1 2022[28] Operational Performance - The company reported a total of 6.262 million kilowatts of power generation equipment output in Q1 2023, including 1.305 million kilowatts from hydropower generators, 3.846 million kilowatts from steam turbines, and 1.112 million kilowatts from wind turbines[14] - Operating income was ¥14,432,750,706.82, up from ¥13,818,651,935.10, reflecting a growth of 4.4% year-over-year[19] - Total operating costs amounted to ¥13,446,050,707.82, an increase from ¥13,180,477,745.91, representing a rise of 2.0%[19] - The company reported a decrease in financial expenses, with interest expenses dropping to ¥12,653,674.03 from ¥24,192,113.15, a reduction of 47.5%[19] - The company reported an operating profit of ¥174,373,305.47, down from ¥239,448,689.65 in Q1 2022[28] Inventory and Cash Management - Cash and cash equivalents stood at RMB 15.331 billion as of March 31, 2023, compared to RMB 15.039 billion at the end of 2022[15] - The company’s inventory increased to RMB 18.965 billion in Q1 2023, up from RMB 18.455 billion at the end of 2022[15] - The company's cash and cash equivalents were ¥4,792,121,853.12, down from ¥8,293,786,594.85 at the end of 2022[25] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 4.79 billion, compared to CNY 4.51 billion at the end of Q1 2022, indicating a net decrease of CNY 3.50 billion during the quarter[31] Market Strategy - The company plans to expand its market presence in renewable energy sectors, focusing on clean and efficient energy equipment[14] - The company has not reported any new product launches or significant market expansions during this quarter[28]