CTGR(SH:600905)2023-04-28 16:00Financial Performance - In Q1 2023, the company achieved operating revenue of CNY 6,853,129,450.44, representing a year-on-year increase of 18.39%[4] - The net profit attributable to shareholders of the listed company was CNY 2,433,884,515.62, reflecting a year-on-year growth of 7.50%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,389,788,219.75, an increase of 5.54% year-on-year[4] - The company reported non-recurring gains of CNY 44,096,295.87, after accounting for tax and minority interests[7] - Total operating revenue for Q1 2023 reached ¥6,853,129,450.44, a 18.4% increase from ¥5,788,736,223.24 in Q1 2022[17] - Net profit for Q1 2023 was ¥2,785,125,717.27, compared to ¥2,571,459,986.49 in Q1 2022, reflecting an increase of 8.3%[19] - The total comprehensive income for Q1 2023 was -¥608,869.80, compared to -¥43,838,636.38 in Q1 2022, indicating a significant reduction in losses[29] Cash Flow - The net cash flow from operating activities reached CNY 3,743,709,073.26, showing a significant increase of 127.38% compared to the same period last year[4] - The net cash flow from operating activities for Q1 2023 was CNY 3,743,709,073.26, a significant increase of 127.5% compared to CNY 1,646,487,361.30 in Q1 2022[21] - Total cash inflow from operating activities reached CNY 5,071,620,509.67, up from CNY 3,087,819,163.47 in the same period last year, representing a growth of 64.4%[21] - The net cash flow from investing activities was CNY -5,685,226,387.13, an improvement from CNY -6,633,565,844.23 in Q1 2022, indicating a reduction in cash outflow by 15.3%[22] - The company's cash inflow from financing activities was CNY 15,225,366,636.31, a decrease of 40.6% from CNY 25,653,475,822.73 in Q1 2022[22] - The company's cash outflow from financing activities was CNY 11,214,927,615.71, down from CNY 16,515,866,462.90 in the previous year, showing a reduction of 32.3%[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 270,946,469,380.22, up 3.36% from the end of the previous year[5] - The total assets reached ¥270,946,469,380.22 in Q1 2023, up from ¥262,127,164,193.79 in Q1 2022, indicating a growth of 3.3%[19] - Total liabilities decreased to CNY 41,249,495,700.96 from CNY 47,154,866,581.45, indicating a reduction of 12.7%[15] - The total liabilities increased to ¥179,912,980,006.22 in Q1 2023 from ¥174,167,873,508.75 in Q1 2022, marking a rise of 4.2%[19] - Long-term borrowings increased to CNY 109,355,805,659.40, up from CNY 99,456,430,726.36, showing a growth of 10.9%[15] - The company reported a decrease in short-term borrowings from CNY 4,339,734,508.83 to CNY 1,208,770,260.26, a decline of 72.1%[15] Equity - The equity attributable to shareholders of the listed company was CNY 79,340,543,274.04, which is a 2.97% increase from the previous year-end[5] - Total equity attributable to shareholders reached ¥79,340,543,274.04 in Q1 2023, up from ¥77,051,117,227.52 in Q1 2022, an increase of 2.9%[19] - The company’s total equity decreased by CNY 272,282,722.37, reflecting ongoing adjustments in financial positions[37] Operational Insights - The increase in operating revenue was primarily driven by the addition of new wind and solar power generation units and increased electricity sales[8] - The company plans to continue expanding its renewable energy capacity and improve operational efficiency in the upcoming quarters[10] - The company has not disclosed any new product or technology developments in this quarter[13] - There are no significant mergers or acquisitions reported during this period[13] - The company has not provided specific future guidance or market expansion strategies in the current report[13] Research and Development - Research and development expenses for Q1 2023 were ¥9,488.68, significantly lower than ¥2,626,915.86 in Q1 2022[19] - Research and development expenses were reported at ¥6,900.00 in Q1 2023, a substantial decrease from ¥1,358,492.27 in Q1 2022[28]