AAA PUBLIC(SH:600979)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 635,108,097.52, representing an increase of 8.81% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 1,999,830.58, a decrease of 88.33% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -2,367,596.65, reflecting a decline of 115.92%[5]. - Basic and diluted earnings per share were both CNY 0.0016, a decrease of 88.33%[6]. - Operating profit for Q1 2023 was ¥3,826,555.30, down from ¥23,420,826.83 in the same period last year[20]. - Net profit for Q1 2023 was -¥2,568,703.74, a significant decrease from ¥13,054,670.57 in Q1 2022[20]. Cash Flow - The net cash flow from operating activities was CNY 38,987,194.39, down 34.57% from the previous year[5]. - Cash inflow from operating activities in Q1 2023 was CNY 868,886,707.64, an increase of 10.6% compared to CNY 785,343,003.61 in Q1 2022[23]. - Net cash outflow from operating activities in Q1 2023 was CNY 38,987,194.39, down 34.8% from CNY 59,587,255.33 in Q1 2022[24]. - Cash inflow from investment activities in Q1 2023 was CNY 58,138,241.46, a decrease of 67.6% compared to CNY 179,422,954.43 in Q1 2022[24]. - Net cash outflow from investment activities in Q1 2023 was CNY 110,779,184.03, an improvement from CNY 140,711,954.54 in Q1 2022[25]. - Cash inflow from financing activities in Q1 2023 was CNY 327,900,000.00, slightly down from CNY 329,900,000.00 in Q1 2022[25]. - Net cash outflow from financing activities in Q1 2023 was CNY 114,930,003.14, compared to a net inflow of CNY 171,351,434.25 in Q1 2022[25]. - The ending cash and cash equivalents balance for Q1 2023 was CNY 763,736,339.52, down from CNY 717,380,865.11 in Q1 2022[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,289,253,034.91, a decrease of 0.40% from the end of the previous year[6]. - The company's cash and cash equivalents decreased to CNY 620,391,668.25 from CNY 853,348,902.99, representing a decline of about 27.3%[16]. - Accounts receivable increased to CNY 432,832,697.33 from CNY 387,148,650.17, showing an increase of approximately 11.8%[16]. - Inventory rose significantly to CNY 126,809,405.84 from CNY 76,086,071.95, indicating an increase of around 66.6%[16]. - Current liabilities decreased from CNY 1,000,000,000.00 to CNY 316,000,000.00, a reduction of approximately 68.4%[17]. - The company reported a total liability of ¥5,844,162,679.93 as of Q1 2023, slightly down from ¥5,882,701,408.43 in Q1 2022[18]. - Total liabilities amounted to approximately 5.88 billion, with current liabilities at about 2.39 billion and non-current liabilities at approximately 3.49 billion[29]. Equity - The equity attributable to shareholders of the listed company was CNY 4,231,792,914.97, an increase of 0.04% from the end of the previous year[6]. - The total equity attributable to shareholders was ¥4,231,792,914.97 in Q1 2023, compared to ¥4,230,474,612.25 in Q1 2022[18]. - The total owner's equity increased marginally by 0.09% compared to the previous period, indicating stable shareholder value[29]. Operational Challenges - The decrease in net profit was primarily due to reduced power generation caused by adverse weather conditions, which resulted in a decrease of 50,506,500 KWH[10]. - The company experienced increased costs in purchasing water, electricity, and gas, contributing to the decline in cash flow from operating activities[10]. Research and Development - Research and development expenses increased to ¥517,076.88 in Q1 2023 from ¥424,003.71 in Q1 2022, marking a rise of 22%[19]. - The company has not disclosed any new product or technology developments in the current report[15]. Mergers and Acquisitions - The company acquired 100% equity of Guang'an Qianfeng San Supply Water Co., Ltd. during the reporting period, classified as a business combination under common control[25]. - There are no significant mergers or acquisitions reported during the quarter[15].