CSSD(SH:601512)2023-04-27 16:00Financial Performance - The basic earnings per share for the first quarter was 0.28 RMB, a decrease of 30.00% compared to the previous year[24]. - Net profit attributable to shareholders for Q1 2023 was CNY 416,925,231.72, down 30.07% year-over-year[35]. - The total comprehensive income for Q1 2023 was ¥351,045,988.76, compared to ¥368,820,001.73 in Q1 2022[54]. - Total revenue for the quarter was $596.33 million, down from $1.02 billion in the previous year, representing a decline of approximately 41.6%[66]. - Net profit attributable to shareholders decreased to $416.93 million from $596.24 million, a decline of about 30.1%[67]. Assets and Liabilities - The total liabilities reached 14,288,189,947.00 RMB, a decrease of 0.94% from the previous period[7]. - The total owner's equity increased to 18,527,999,612.00 RMB, reflecting a growth of 2.76%[7]. - The total assets increased by 1.11% to 32,816,189,559.00 RMB from 32,454,635,089.37 RMB[24]. - Total assets decreased to $15.01 billion from $14.77 billion year-over-year, indicating a slight increase in total assets[70]. - Current liabilities decreased to approximately $3.68 billion from $3.74 billion, a reduction of 1.73%[71]. - Non-current liabilities decreased to approximately $1.02 billion from $1.04 billion, a decline of 1.02%[71]. - Total liabilities decreased to approximately $4.70 billion from $4.78 billion, a decrease of 1.57%[71]. - Shareholders' equity remained stable at approximately $3.31 billion, unchanged from the previous period[71]. Cash Flow - Cash inflow from operating activities was 890,763,587.75 RMB, down from 1,067,058,868.11 RMB in the previous year, representing a decrease of 16.56%[11]. - The net cash flow from operating activities was -CNY 176,716,689.58, indicating a significant decrease in cash receipts compared to the previous year[35]. - The company’s financing activities generated a net cash flow of CNY 215,042,844.51, a decrease of 76.61% compared to the previous year[35]. - Cash flow from financing activities resulted in a net outflow of -$20.60 million, compared to an inflow of $855.71 million in the previous year[55]. Income and Expenses - Financial expenses rose to CNY 18,245,346.35, an increase of 65.35% primarily due to reduced capitalization of borrowing costs[35]. - The company reported a financial expense of ¥25,268,650.20, an increase from ¥19,349,887.22 in Q1 2022[53]. - The company recorded a decrease in tax expenses to ¥119,497,435.34 from ¥124,035,720.29 in the previous period[54]. Other Key Metrics - Government subsidies recognized in the current period totaled 19,158,095.07 RMB[1]. - The weighted average return on equity was 3.08%, an increase of 4.78 percentage points compared to the previous year[24]. - Other income increased to CNY 19,938,515.43, a rise of 214.09% due to increased subsidies for sludge disposal[35]. - The company reported a significant increase in receivables, with notes receivable rising by 80.84% to CNY 14,650,159.87 due to increased operational activities[38]. - Prepayments increased by 139.75% to CNY 40,471,110.11, primarily due to higher procurement prepayments[38].