KEC(SH:600997)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥6,262,068,492.18, an increase of 8.71% compared to ¥5,530,918,690.17 in the same period last year[16]. - Net profit attributable to shareholders was ¥407,728,878.94, a decrease of 40.51% from ¥588,904,662.19 in the previous year[16]. - Net profit for Q1 2023 was ¥265,724,723.01, a decrease of 61.0% from ¥682,683,394.76 in Q1 2022[40]. - The total comprehensive income for Q1 2023 was ¥257,889,097.34, down from ¥693,253,614.43 in Q1 2022[40]. - The company’s total profit for Q1 2023 was ¥462,682,041.69, a decrease of 48.5% from ¥897,251,157.33 in Q1 2022[40]. Cash Flow - In Q1 2023, the company's cash inflow from operating activities was CNY 4,645,901,132.37, a decrease of 26.1% compared to CNY 6,295,045,110.39 in Q1 2022[3]. - The net cash flow from operating activities in Q1 2023 was CNY 140,836,267.23, down 89.8% from CNY 1,375,693,333.24 in Q1 2022[3]. - The company reported a cash outflow of CNY 4,505,064,865.14 from operating activities in Q1 2023, compared to CNY 4,919,351,777.15 in Q1 2022, reflecting a decrease of 8.4%[3]. - The cash inflow from financing activities in Q1 2023 was CNY 750,000,000.00, an increase of 108.3% from CNY 360,000,000.00 in Q1 2022[3]. - The net cash flow from financing activities was CNY 524,272,550.32 in Q1 2023, compared to CNY 109,612,875.25 in Q1 2022, indicating a significant increase of 377.5%[3]. Assets and Liabilities - Total assets as of March 31, 2023, amounted to ¥29,019,891,801.29, a decrease of 0.12% compared to the end of 2022[31]. - The company reported a total liability of ¥12,979,644,221.93, down from ¥13,316,995,201.99, reflecting a decrease of approximately 2.5%[23]. - Current liabilities totaled ¥10,393,228,207.21, down from ¥10,724,441,089.27, indicating a decrease of approximately 3.1%[23]. - Short-term borrowings rose significantly to ¥1,750,000,000.00 from ¥1,190,000,000.00, an increase of approximately 47.2%[23]. - Accounts payable decreased to ¥4,567,967,184.93 from ¥5,357,825,026.71, a decline of about 14.7%[23]. Shareholder Information - The company had a total of 54,683 common shareholders at the end of the reporting period[19]. - The largest shareholder, Kailuan Group Co., Ltd., held 48.12% of the shares, totaling 764,018,588 shares[19]. - The second-largest shareholder, China Cinda Asset Management Co., Ltd., held 21.16% of the shares, totaling 336,000,000 shares[19]. - The company did not report any related party transactions among the top ten shareholders[19]. Expenses and Investments - Total operating costs for Q1 2023 were ¥5,805,242,444.82, up 18.6% from ¥4,891,182,404.05 in Q1 2022[40]. - Research and development expenses increased to ¥45,192,110.78 in Q1 2023, compared to ¥35,686,353.37 in Q1 2022, reflecting a growth of 26.9%[40]. - Financial expenses decreased significantly to ¥25,600,660.40 in Q1 2023 from ¥60,272,656.99 in Q1 2022, a reduction of 57.5%[40]. - The company reported an investment loss of ¥4,336,680.74 in Q1 2023, contrasting with an investment gain of ¥27,308,910.18 in Q1 2022[40]. - The company recorded a loss of CNY 1,708,774.44 from the disposal of non-current assets in Q1 2023[11]. Other Financial Metrics - Basic earnings per share decreased by 39.53% to ¥0.26 from ¥0.37 in the same period last year[16]. - The weighted average return on equity was 2.85%, a decrease of 1.88 percentage points compared to 4.27% in the previous year[16]. - Other comprehensive income after tax for Q1 2023 was -¥142,004,155.93, compared to -¥2,660,560.09 in Q1 2022[40]. - The company’s retained earnings increased to ¥8,832,479,185.44 from ¥8,424,750,306.50, an increase of approximately 4.8%[23].