QDPI(SH:601298)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,551,596,874, representing a slight increase of 0.04% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 1,258,968,390, reflecting a growth of 10.23% year-on-year[6]. - Net profit for Q1 2023 reached CNY 1,420,900,228, an increase of 4.7% compared to CNY 1,356,940,467 in Q1 2022[17]. - Operating profit for Q1 2023 was CNY 1,772,020,688, up from CNY 1,694,066,049 in Q1 2022, reflecting a growth of 4.6%[17]. - The company reported a basic earnings per share of CNY 0.19 for Q1 2023, up from CNY 0.18 in Q1 2022, reflecting a growth of 5.6%[18]. - The company's total comprehensive income for Q1 2023 was CNY 1,420,900,228, compared to CNY 1,363,874,967 in Q1 2022, representing an increase of 4.2%[18]. Cash Flow and Assets - The net cash flow from operating activities reached CNY 1,023,293,308, marking a significant increase of 52.07% compared to the previous year[6]. - Cash flow from operating activities for Q1 2023 was CNY 1,023,293,308, significantly higher than CNY 672,894,920 in Q1 2022, indicating a growth of 52%[21]. - Cash and cash equivalents increased to RMB 9,827,440,888 from RMB 9,183,323,879, representing a growth of approximately 7.02%[15]. - Cash and cash equivalents at the end of Q1 2023 totaled CNY 9,796,789,895, up from CNY 4,805,776,314 at the end of Q1 2022, showing an increase of 104%[21]. - Total assets at the end of the reporting period were CNY 59,127,178,578, an increase of 2.87% from the end of the previous year[7]. - As of March 31, 2023, the total assets of the company amounted to RMB 59,127,178,578, an increase from RMB 57,475,910,361 as of December 31, 2022, reflecting a growth of approximately 2.89%[15]. Liabilities and Equity - The company's total liabilities stood at RMB 16,328,073,740, slightly up from RMB 16,198,992,211, showing a marginal increase of about 0.80%[16]. - The total equity attributable to shareholders rose to RMB 38,674,887,957 from RMB 37,399,741,281, marking an increase of approximately 3.42%[16]. - The company's short-term borrowings increased to RMB 332,093,422 from RMB 269,088,147, representing a rise of about 23.4%[16]. - The company's contract liabilities increased significantly to RMB 505,629,921 from RMB 273,592,129, reflecting a growth of approximately 84.8%[16]. Expenses - Management expenses increased by 37.05%, mainly due to rising labor costs[8]. - Financial expenses surged by 227.48%, attributed to the absence of interest income from external loans compared to the previous year[8]. - Research and development expenses increased to CNY 21,055,671 in Q1 2023, compared to CNY 14,610,661 in Q1 2022, marking a rise of 44%[17]. Asset Management - Total assets impairment losses decreased to CNY 303,420 in Q1 2023 from CNY 3,325,438 in Q1 2022, indicating improved asset management[17]. - Contract assets increased by 69.84% due to an increase in receivables from power supply engineering projects[7]. - The company's long-term investments increased to RMB 13,283,492,763 from RMB 12,888,086,094, reflecting a growth of about 3.07%[15]. - The accounts receivable amounted to RMB 2,054,368,119, a slight increase from RMB 2,016,471,556, indicating a growth of approximately 1.87%[15]. - Investment activities generated a net cash outflow of CNY 333,627,318 in Q1 2023, an improvement from a net outflow of CNY 2,225,850,864 in Q1 2022[21].