Daqin Railway(SH:601006)2023-04-26 16:00Financial Performance - Operating revenue for Q1 2023 reached CNY 19,839,429,369, an increase of 8.66% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 3,654,968,540, reflecting a growth of 23.19% year-on-year[4] - Basic earnings per share rose by 25.00% to CNY 0.25, while diluted earnings per share increased by 17.65% to CNY 0.20[4] - Operating profit for Q1 2023 was CNY 5,412,342,128, up from CNY 4,314,247,462 in Q1 2022, marking an increase of 25.5%[16] - Net profit for Q1 2023 was CNY 4,111,743,713, representing a 23.2% increase from CNY 3,334,653,533 in Q1 2022[17] - The company recorded a total comprehensive income of CNY 3,519,646,399 for Q1 2023, compared to CNY 2,811,917,611 in the same period last year[25] Cash Flow - Net cash flow from operating activities surged by 287.81% to CNY 4,266,922,799, primarily due to increased transportation payments received[7] - The net cash flow from operating activities for Q1 2023 was CNY 4,266,922,799, a significant increase from CNY 1,100,274,952 in Q1 2022, representing a growth of approximately 287%[18] - Total cash inflow from operating activities reached CNY 17,308,963,395, compared to CNY 12,211,727,502 in the same period last year, indicating a year-over-year increase of about 42%[18] - The total cash outflow from operating activities was CNY 13,042,040,596, up from CNY 11,111,452,550 in Q1 2022, reflecting an increase of approximately 17%[18] - The cash flow from investing activities showed a net outflow of CNY 532,205,679, worsening from a net outflow of CNY 352,546,138 in Q1 2022[19] - The company’s investment activities generated a net cash outflow of CNY 531,371,263, compared to a net outflow of CNY 220,077,582 in Q1 2022[26] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 204,560,383,839, a 1.12% increase from the end of the previous year[5] - Total liabilities decreased to CNY 60,092,432,743 in Q1 2023 from CNY 62,107,810,533 in Q1 2022, a reduction of 3.25%[16] - The total assets as of March 31, 2023, amounted to CNY 184,111,936,495, an increase from CNY 181,436,275,567 at the end of 2022[22] - The total liabilities decreased to CNY 50,977,898,466 from CNY 51,958,943,384 at the end of 2022, indicating a reduction of approximately 2%[22] - Total equity increased to CNY 144,467,951,096 in Q1 2023 from CNY 140,189,213,924 in Q1 2022, reflecting a growth of 3.96%[16] - The total equity of the company as of March 31, 2023, was CNY 133,134,037,029, compared to CNY 129,477,332,183 at the end of 2022, indicating an increase of about 5%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 135,561[9] - The company reported a total of 9,320,761,520 shares held by its largest shareholder, China Railway Taiyuan Bureau Group Co., Ltd.[10] Expenses - Management expenses increased by 38.23% mainly due to the rise in special expenses incurred[7] - Tax expenses for Q1 2023 were CNY 1,266,695,476, an increase from CNY 957,564,262 in Q1 2022, representing a rise of 32.3%[17] - The company reported a decrease in financial expenses, with interest expenses at CNY 244,630,314 compared to CNY 258,939,329 in the previous year[24] Inventory and Receivables - Accounts receivable decreased to CNY 5,928,773,858 from CNY 7,996,516,235, representing a decline of approximately 26%[12] - The company's inventory increased to CNY 1,938,679,245 from CNY 1,782,736,813 in Q1 2022, reflecting a growth of approximately 9%[21] Other Information - The company has not disclosed any significant new strategies or product developments during the reporting period[11] - Significant increase in prepaid expenses by 102.43% due to higher material payments made during the period[7] - Long-term equity investments rose to CNY 24,627,442,900 from CNY 23,938,375,604, showing an increase of about 2.9%[13]