CNECC(SH:601611)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 28,928,590,332.73, representing a year-on-year increase of 10.09%[4] - The net profit attributable to shareholders was CNY 508,220,568.71, reflecting a growth of 20.15% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 499,755,836.31, an increase of 20.60% year-on-year[4] - The basic earnings per share for the period was CNY 0.17, up by 21.43% from the previous year[5] - The diluted earnings per share was CNY 0.16, showing a growth of 23.08% year-on-year[5] - The total comprehensive income for the first quarter of 2023 was CNY 699,666,840.27, an increase from CNY 592,717,567.92 in the same period of 2022, representing a growth of approximately 18.0%[28] - Basic earnings per share for Q1 2023 was CNY 0.17, up from CNY 0.14 in Q1 2022, reflecting a growth of about 21.4%[28] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -11,667,784,488.30, indicating a significant cash outflow[4] - Cash inflow from operating activities totaled CNY 17,738,742,727.31, down from CNY 20,415,829,030.80 in the previous year, indicating a decrease of approximately 13.1%[31] - Net cash flow from operating activities was negative at CNY -11,667,784,488.30, compared to CNY -11,306,457,057.96 in Q1 2022, showing a slight increase in cash outflow[31] - Cash inflow from investment activities was CNY 733,028,328.81, a marginal increase from CNY 714,750,419.69 in the same quarter of 2022[31] - Net cash flow from financing activities was CNY 8,659,677,204.35, down from CNY 9,025,306,261.34 in Q1 2022, reflecting a decrease of about 4.0%[32] - The ending balance of cash and cash equivalents was CNY 13,532,493,114.18, compared to CNY 9,966,543,715.83 at the end of Q1 2022, indicating an increase of approximately 35.7%[32] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 16,524,671,119.55, down from CNY 18,794,760,913.19 in Q1 2022, a decline of about 12.1%[29] - The company received tax refunds amounting to CNY 6,287,431.58, an increase from CNY 4,052,176.83 in the previous year, representing a growth of approximately 55.2%[31] - The company’s total cash outflow from operating activities was CNY 29,406,527,215.61, down from CNY 31,722,286,088.76 in Q1 2022, indicating a decrease of about 7.3%[31] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 205,201,488,725.29, a 3.97% increase from the end of the previous year[5] - The total liabilities increased to CNY 205.20 billion from CNY 197.37 billion year-over-year[22] - The company's total liabilities increased to CNY 169,192,427,873.89 in Q1 2023, compared to CNY 162,287,271,972.80 in Q1 2022, marking a rise of 4.0%[24] - The total current assets as of March 31, 2023, amounted to CNY 135.63 billion, an increase from CNY 127.16 billion in the previous year[20] - The total inventory as of March 31, 2023, was CNY 12.97 billion, up from CNY 11.78 billion year-over-year[22] - The company has a long-term equity investment valued at CNY 2.96 billion, slightly increasing from CNY 2.94 billion[22] - The total amount of accounts payable was CNY 45,182,277,446.02 in Q1 2023, slightly down from CNY 45,257,875,126.84 in Q1 2022[23] - The company reported a 244.20% increase in long-term payables due to PPP project asset securitization financing[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 91,658[11] - The company reported a total of 1,621,620,000 shares held by China National Nuclear Corporation, making it the largest shareholder[17] Research and Development - Research and development expenses for Q1 2023 were CNY 304,518,951.15, an increase of 16.7% from CNY 260,883,138.12 in Q1 2022[25] Future Outlook - Future outlook includes continued focus on market expansion and new product development, although specific figures were not disclosed in the provided data[25]