wsdl(SH:600995)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,408,689,771.71, representing a year-on-year increase of 7.83% compared to CNY 1,306,376,451.62 in Q1 2022[3] - The net profit attributable to shareholders for Q1 2023 was CNY 380,115,483.12, which is a 19.35% increase from CNY 318,498,563.82 in the same period last year[3] - The net cash flow from operating activities increased by 35.03% to CNY 1,200,781,996.26, up from CNY 889,266,654.08 in Q1 2022[4] - The basic earnings per share for Q1 2023 was CNY 0.12, a decrease of 25.00% from CNY 0.20 in the same period last year[5] - The company reported a 310.40% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching CNY 380,345,802.02[5] - The weighted average return on equity for Q1 2023 was 1.89%, down from 4.46% in the same period last year, a decrease of 1.13 percentage points[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q1 2023 was 380 million RMB, representing a 310.40% increase compared to 93 million RMB in Q1 2022[12] - The net profit for Q1 2023 was approximately ¥452.83 million, a decrease of 12% compared to ¥514.33 million in Q1 2022[20] - The company reported a total comprehensive income of approximately ¥452.83 million for Q1 2023, compared to ¥514.33 million in Q1 2022[20] - The net profit for Q1 2023 was ¥65,247,627.69, down 33.3% from ¥97,753,389.96 in Q1 2022[28] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 41,465,129,839.76, reflecting a 1.72% increase from CNY 40,739,304,707.36 at the end of the previous year[6] - The equity attributable to shareholders increased by 1.98% to CNY 20,312,979,210.35 compared to CNY 19,917,688,563.13 at the end of the previous year[6] - Non-current assets totaled CNY 34,941,799,411.31 as of Q1 2023, an increase from CNY 34,272,195,959.80 in Q1 2022[18] - Total liabilities amounted to CNY 17,586,132,974.42 in Q1 2023, compared to CNY 17,414,048,765.82 in Q1 2022, indicating a slight increase[18] - The total assets reached CNY 41,465,129,839.76 in Q1 2023, up from CNY 40,762,309,036.19 in Q1 2022[18] - The total liabilities for Q1 2023 were ¥229,995,599.49, an increase from ¥185,240,014.00 in the previous year[26] - The total equity as of March 31, 2023, was ¥19,627,467,473.81, up from ¥19,561,800,472.00 at the end of 2022[27] Cash Flow - The company's cash and cash equivalents as of March 31, 2023, amounted to approximately 5.66 billion RMB, compared to 3.06 billion RMB as of December 31, 2022[16] - The total current assets as of March 31, 2023, were approximately 6.52 billion RMB, slightly up from 6.49 billion RMB as of December 31, 2022[16] - The company's cash and cash equivalents were not detailed in the provided data, but the overall financial position suggests a focus on managing liquidity amid declining revenues[19] - Cash flow from operating activities generated a net amount of approximately ¥1.20 billion, an increase of 12.2% from ¥1.07 billion in Q1 2022[22] - The net cash flow from investment activities was approximately ¥1.20 billion, a turnaround from a negative cash flow of ¥540.16 million in Q1 2022[23] - Cash and cash equivalents at the end of Q1 2023 totaled approximately ¥5.66 billion, up from ¥3.28 billion at the end of Q1 2022[23] - The net cash flow from operating activities was ¥12,498,218.95, a decrease of 93.2% compared to ¥183,945,650.70 in Q1 2022[30] - The net increase in cash and cash equivalents for Q1 2023 was ¥2,038,704,499.40, compared to an increase of ¥129,173,223.86 in Q1 2022[31] Operational Changes - The company completed a significant asset swap in September 2022, which has impacted the comparability of financial data for 2022 and 2023[2] - The company completed a significant asset swap and issued shares to acquire assets in September 2022, leading to a major shift in its main business from the power supply sector to the power generation sector[12] - The company is in the first full accounting year following the commissioning of the Meizhou Pumped Storage Power Station and Yangjiang Pumped Storage Power Station, contributing to revenue growth and timely collections[4] - The company has not disclosed any new product or technology developments in the current reporting period[15] - There are no significant mergers or acquisitions reported in the current quarter[15] - The company has not provided any specific future outlook or performance guidance in the current report[15] Expenses - Total operating costs for Q1 2023 were CNY 850,472,493.20, down 32.3% from CNY 1,257,186,672.39 in Q1 2022[19] - Research and development expenses increased to CNY 973,406.67 in Q1 2023, compared to CNY 395,163.36 in Q1 2022, reflecting a growth of 146.5%[19] - Financial expenses decreased to CNY 124,122,090.52 in Q1 2023 from CNY 150,265,075.86 in Q1 2022, a reduction of 17.4%[19] - The company incurred asset impairment losses of approximately ¥1.86 million in Q1 2023[20] - The company's research and development expenses for Q1 2023 were not specified, but management expenses increased to ¥33,170,263.53 from ¥29,174,378.99 in Q1 2022[28]