CECWPC(SH:601016)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,272,055,277.84, representing a 6.88% increase compared to CNY 1,190,129,070.64 in the same period last year[5] - Net profit attributable to shareholders was CNY 401,525,247.82, a decrease of 4.85% from CNY 421,982,836.25 in the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 383,183,566.64, down 3.85% from CNY 398,518,532.12 year-on-year[5] - Basic earnings per share decreased by 26.19% to CNY 0.062 from CNY 0.084 in the same period last year[7] - Diluted earnings per share also fell by 24.36% to CNY 0.059 from CNY 0.078 year-on-year[7] - The total comprehensive income for Q1 2023 was CNY 405,653,047.04, a decrease from CNY 468,071,800.11 in Q1 2022, representing a decline of approximately 13.3%[26] Cash Flow and Liquidity - The net cash flow from operating activities increased by 32.62%, amounting to CNY 788,970,051.83 compared to CNY 594,895,860.41 in the previous year[11] - The cash received from sales of goods and services in Q1 2023 was CNY 1,048,638,187.45, an increase from CNY 777,012,149.46 in Q1 2022, representing a growth of approximately 34.8%[27] - The total cash outflow from operating activities in Q1 2023 was CNY 301,569,186.82, compared to CNY 203,106,621.31 in Q1 2022, indicating an increase of about 48.5%[28] - Cash inflow from investment activities in Q1 2023 amounted to CNY 1,860,468,063.56, significantly higher than CNY 352,332.42 in Q1 2022[28] - The net cash flow from financing activities in Q1 2023 was -CNY 477,065,451.73, compared to a positive cash flow of CNY 449,164,540.07 in Q1 2022[29] - The total cash and cash equivalents at the end of Q1 2023 were CNY 3,342,721,174.69, down from CNY 1,943,667,932.37 at the end of Q1 2022[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 43,844,438,024.99, a slight increase of 0.06% from CNY 43,770,461,242.51 at the end of the previous year[7] - The company's total liabilities as of Q1 2023 amounted to ¥26,831,893,327.38, slightly down from ¥27,235,923,549.89 in the previous year[23] - The total non-current liabilities as of Q1 2023 were ¥20,795,784,487.93, slightly up from ¥20,362,495,947.16 in the previous year[23] - The cash and cash equivalents were approximately 3.37 billion RMB as of March 31, 2023, down from 3.43 billion RMB at the end of 2022[19] Shareholder Equity - The equity attributable to shareholders increased by 2.58% to CNY 16,208,381,309.38 from CNY 15,800,438,214.26 at the end of the previous year[7] - The total equity attributable to shareholders increased to ¥16,208,381,309.38 in Q1 2023, compared to ¥15,800,359,678.65 in Q1 2022, marking a growth of 2.6%[23] Operational Metrics - In Q1 2023, the total power generation reached 3.071 billion kWh, an increase of 8.62% year-on-year[14] - The total grid-connected power volume was 2.941 billion kWh, reflecting a year-on-year growth of 8.05%[14] - The market-oriented transaction volume was 2.253 billion kWh, up by 3.76% compared to the same period last year[16] - The cumulative installed capacity as of March 31, 2023, was 5.32526 million kW, with an equity installed capacity of 5.13096 million kW[14] - The average utilization rate of wind turbines in Hebei was 98.56%, while the average utilization hours were 601 hours in Q1 2023[17] - The total market-oriented transaction volume accounted for 76.61% of the total grid-connected power volume, a decrease of 3.17 percentage points year-on-year[16] Research and Development - Research and development expenses for Q1 2023 were ¥7,141,552.81, significantly higher than ¥3,229,884.00 in Q1 2022, indicating an increase of 121.5%[24] Other Comprehensive Income - The total comprehensive income attributable to shareholders for Q1 2023 was impacted by a decrease in other comprehensive income, resulting in a net effect of -¥20,066,317.61 compared to a gain of ¥25,744,076.18 in Q1 2022[25] - The company reported a decrease in other comprehensive income attributable to the parent company, with a total of CNY 383,885,474.51 in Q1 2023, down from CNY 444,573,940.48 in Q1 2022, a decline of approximately 13.7%[26]