郴电国际(600969) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,015,447,518.10, representing a year-on-year increase of 4.84%[4] - The net profit attributable to shareholders decreased by 34.02% to CNY 19,527,191.10 compared to the same period last year[4] - Net profit for Q1 2023 was CNY 28,611,979.77, a decrease of 31.4% from CNY 41,682,295.08 in Q1 2022[18] - Earnings per share for Q1 2023 were CNY 0.0528, down from CNY 0.0800 in Q1 2022[19] - Total operating costs for Q1 2023 were CNY 1,026,516,259.98, up 8.7% from CNY 943,975,771.21 in Q1 2022[17] Cash Flow - The net cash flow from operating activities was negative at CNY -52,909,074.26, a decline of 126.96% year-on-year[4] - Cash generated from operating activities in Q1 2023 was CNY 1,104,157,650.41, an increase from CNY 1,030,324,956.16 in Q1 2022[20] - Total cash inflow from operating activities amounted to $1.16 billion, compared to $1.06 billion in the same quarter last year, reflecting a year-over-year increase of approximately 9.5%[21] - Cash outflow from operating activities totaled $1.22 billion, up from $868.60 million, indicating a significant increase of about 40.5%[21] - The company reported a cash decrease of $30.63 million for the quarter, contrasting with an increase of $487.23 million in the previous year[22] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 15,472,100,895.10, down 0.57% from the end of the previous year[5] - Total current assets as of March 31, 2023, amounted to ¥3,258,078,472.09, a decrease from ¥3,360,935,730.39 at the end of 2022[13] - Total non-current assets as of March 31, 2023, were ¥12,214,022,423.01, slightly up from ¥12,199,923,133.49 at the end of 2022[14] - Total liabilities as of Q1 2023 were CNY 11,574,226,038.19, a slight decrease from CNY 11,679,085,693.96 at the end of the previous quarter[15] - The company has a total of 1,162,071,879.78 in non-current liabilities due within one year as of March 31, 2023, up from ¥819,998,119.48 at the end of 2022[14] Investment and Shareholder Information - The company reported a significant increase in investment income by 225.70% due to improved performance from external investments[7] - The company plans to expand its market presence through investments, including acquiring a 29% minority stake in a subsidiary[7] - Total number of common shareholders at the end of the reporting period was 21,550[10] - The largest shareholder, Chenzhou Development Investment Group Co., Ltd., holds 59,681,400 shares, accounting for 16.13% of total shares[10] - Investment income for Q1 2023 was CNY 21,161,846.33, significantly higher than CNY 6,497,358.69 in Q1 2022[18] Research and Development - Research and development expenses for Q1 2023 were CNY 130,926.39, down from CNY 209,745.46 in Q1 2022[18] - The company has not disclosed any new product or technology developments in the current reporting period[12] Other Financial Metrics - The weighted average return on equity was 0.53%, a decrease of 0.29 percentage points compared to the previous year[4] - Non-recurring gains and losses totaled CNY 23,693,567.31 for the period, with government subsidies contributing significantly[6] - The cash flow from investment activities increased by 46.59% as cash payments for fixed assets and other long-term assets decreased[7] - The net cash flow from investing activities was -$160.37 million, compared to -$300.24 million in the previous year, showing an improvement[21] - Cash inflow from financing activities was $300 million, down from $788.05 million in the same quarter last year, representing a decline of approximately 62%[22]