Greencity Water(SH:601368)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥504,575,376.29, a decrease of 0.97% compared to ¥508,586,802.88 in the same period last year[5] - Net profit attributable to shareholders was ¥30,643,965.14, representing a significant decline of 61.27% from ¥78,689,890.11 year-on-year[5] - Basic earnings per share dropped to ¥0.0347, down 61.27% from ¥0.0891 in the same quarter last year[6] - Total revenue for Q1 2023 was CNY 504,575,376.29, a decrease of 0.18% compared to CNY 509,505,249.41 in Q1 2022[22] - Net profit for Q1 2023 was CNY 30,643,965.14, down 61.24% from CNY 79,114,370.88 in Q1 2022[23] - The company reported a total profit of CNY 36,141,127.27 for Q1 2023, down from CNY 93,096,160.60 in Q1 2022[23] Cash Flow - The net cash flow from operating activities decreased by 14.61%, amounting to ¥184,584,278.18 compared to ¥215,970,880.75 in the previous year[6] - In Q1 2023, the net cash flow from operating activities was ¥184,584,278.18, a decrease of 14.6% compared to ¥216,167,530.79 in Q1 2022[25] - Total cash inflow from operating activities was ¥652,353,073.56, down from ¥686,308,179.45 in the same period last year, reflecting a decline of 4.9%[25] - Cash outflow for purchasing goods and services increased to ¥219,265,140.26 from ¥183,062,904.27, representing a rise of 19.8% year-over-year[25] - The net cash flow from investing activities was -¥562,492,205.62, worsening from -¥441,980,509.56 in Q1 2022[26] - Cash inflow from financing activities increased to ¥668,498,616.11, compared to ¥572,400,000.00 in the previous year, marking a growth of 16.8%[26] - The net cash flow from financing activities was ¥443,045,623.07, significantly higher than ¥217,731,718.26 in Q1 2022, indicating an increase of 103.5%[26] - The company experienced a net increase in cash and cash equivalents of ¥64,968,667.95 in Q1 2023, contrasting with a decrease of -¥8,131,295.61 in Q1 2022[26] Assets and Liabilities - Total assets increased by 1.70% to ¥19,657,320,699.69 from ¥19,328,814,932.74 at the end of the previous year[6] - Current assets totaled CNY 2,451,790,495.81, compared to CNY 2,355,277,796.23 at the end of 2022, indicating an increase of about 4.10%[17] - Non-current assets totaled CNY 17,205,530,203.88, an increase from CNY 16,973,537,136.51, reflecting a growth of approximately 1.37%[17] - The company's accounts payable decreased to CNY 1,321,961,009.88 from CNY 1,575,570,211.96, a decline of approximately 16.14%[17] - Total liabilities as of March 31, 2023, are not explicitly stated but can be inferred from the balance sheet[17] - Total liabilities as of the end of Q1 2023 amounted to CNY 14,974,311,773.42, an increase from CNY 14,676,449,971.61 at the end of Q1 2022[20] - Non-current liabilities totaled CNY 10,794,338,301.53, up from CNY 10,529,129,591.60 year-over-year[20] Equity - The equity attributable to shareholders rose slightly by 0.66% to ¥4,683,008,926.27 from ¥4,652,364,961.13 at the end of last year[6] - The company's total equity reached CNY 4,683,008,926.27, an increase from CNY 4,652,364,961.13 in the previous year[20] Operational Efficiency - The company continues to focus on expanding its market presence and enhancing operational efficiency through strategic initiatives[14] - Total operating costs increased to CNY 471,093,555.22, up 11.49% from CNY 422,584,426.32 in the same period last year[22] - Financial expenses rose to CNY 105,709,955.32, compared to CNY 80,094,882.29 in the same quarter last year[22] - Research and development expenses for Q1 2023 were CNY 505,665.89, significantly higher than CNY 2,400.00 in Q1 2022[22] Foreign Exchange and Non-Recurring Gains - The company experienced a 68.78% increase in foreign exchange losses compared to the previous year, contributing to the decline in net profit[10] - Non-recurring gains included government subsidies totaling ¥4,481,308.69, which were related to employment support and project construction[10]