hbky(SH:600985)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 18,993,974,171.19, representing a 6.04% increase compared to CNY 17,912,007,723.68 in the same period last year[3] - Net profit attributable to shareholders for Q1 2023 was CNY 2,111,326,823.64, a 30.60% increase from CNY 1,621,116,674.40 in the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 2,074,802,889.73, reflecting a 25.88% increase from CNY 1,652,758,068.89 year-on-year[3] - The basic earnings per share for Q1 2023 was CNY 0.85, up 30.77% from CNY 0.65 in the same quarter last year[3] - Total revenue for Q1 2023 reached ¥19,043,450,764.32, an increase of 6.1% compared to ¥17,945,258,715.64 in Q1 2022[16] - Operating profit for Q1 2023 was ¥2,539,880,412.53, up from ¥2,139,155,023.38 in Q1 2022, reflecting a growth of 18.7%[17] - Net profit for Q1 2023 amounted to ¥2,120,269,916.93, compared to ¥1,769,958,253.22 in Q1 2022, representing a year-over-year increase of 19.8%[17] - Earnings per share for Q1 2023 were ¥0.85, compared to ¥0.65 in Q1 2022, indicating a growth of 30.8%[17] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 87,024,829,483.05, a 3.56% increase from CNY 84,035,481,271.96 at the end of the previous year[4] - Total current assets as of March 31, 2023, amount to CNY 22,718,422,354.99, an increase from CNY 21,040,926,710.40 in the previous period[12] - Total liabilities as of Q1 2023 were ¥46,498,415,144.83, slightly up from ¥46,032,932,061.46 in Q1 2022[15] - Total equity increased to ¥40,526,414,338.22 in Q1 2023 from ¥38,002,549,210.50 in Q1 2022, marking a growth of 6.6%[16] - The company's total assets as of March 31, 2023, were CNY 26,726,977,610.64, an increase from CNY 26,618,197,117.55 at the end of 2022[22] - The total liabilities amounted to CNY 3,836,912,916.12, slightly up from CNY 3,805,121,899.86 at the end of 2022[23] - The company's total equity reached CNY 22,890,064,694.52, compared to CNY 22,813,075,217.69 at the end of 2022, reflecting a growth in shareholder value[23] Cash Flow - The net cash flow from operating activities decreased by 23.53% to CNY 1,372,918,703.58, down from CNY 1,795,392,258.40 in the same period last year[3] - In Q1 2023, the company's operating cash flow net amount was CNY 1,372,918,703.58, a decrease of 23.5% compared to CNY 1,795,392,258.40 in Q1 2022[19] - Total cash inflow from operating activities was CNY 17,853,728,357.49, down 9.1% from CNY 19,643,925,133.07 in the same period last year[19] - Cash inflow from financing activities totaled CNY 842,000,900.00, a decrease of 32.3% from CNY 1,243,739,672.95 in the previous year[20] - The company reported a net cash outflow from investing activities of CNY -1,699,448,141.16, compared to CNY -1,175,579,058.80 in Q1 2022, indicating increased investment expenditures[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,007[9] - The largest shareholder, HuaiBei Mining (Group) Co., Ltd., holds 1,603,035,295 shares, representing 64.61% of total shares[9] Investment and Expenses - Research and development expenses for Q1 2023 were ¥404,695,810.94, compared to ¥374,738,383.00 in Q1 2022, reflecting a 7.9% increase[16] - The company reported a total operating cost of ¥16,444,614,363.85 for Q1 2023, which is an increase of 3.7% from ¥15,862,454,738.24 in Q1 2022[16] - The company’s investment income for Q1 2023 was ¥12,911,534.57, down from ¥26,578,176.75 in Q1 2022, indicating a decline of 51.4%[17] - The company received CNY 61,100,900.00 from investment in Q1 2023, compared to CNY 25,000,000.00 in the same period last year, indicating increased investor confidence[20] Changes and Improvements - The company reported a significant increase in prepayments, which rose by 182.78%, primarily due to increased advance payments for materials[7] - The company’s deferred tax assets increased by 70.16%, attributed to the implementation of accounting standards that recognized temporary differences related to lease liabilities[7] - The company has adopted new accounting standards effective from January 1, 2023, which may impact future financial reporting and performance metrics[29] - The company incurred management expenses of ¥230,660.38 in Q1 2022, which were not reported for Q1 2023, suggesting potential cost management improvements[26] - The company’s financial expenses decreased to -¥21,418.07 in Q1 2023 from -¥5,464.82 in Q1 2022, indicating better financial management[26]