2023-04-25 16:00Financial Performance - Total operating revenue for Q1 2023 was RMB 21,289,809 thousand, a decrease of 14.78% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company reached RMB 366,853 thousand, an increase of 2,802.32% year-on-year[4] - Basic and diluted earnings per share were both RMB 0.0235, reflecting a year-on-year increase of 2,837.50%[5] - Operating profit for Q1 2023 increased to CNY 906,960 thousand, compared to CNY 415,613 thousand in Q1 2022, representing a growth of 118.5%[21] - The company reported a comprehensive income total of CNY 628,632 thousand for Q1 2023, compared to CNY 288,334 thousand in Q1 2022, an increase of 118.5%[22] - The net profit for Q1 2023 was a loss of CNY 225,894, compared to a loss of CNY 179,666 in Q1 2022, reflecting a worsening performance[30] Cash Flow - The net cash flow from operating activities was negative at RMB -9,230,945 thousand, indicating a significant cash outflow[4] - Cash inflow from operating activities in Q1 2023 was $25,982,534, a slight decrease of 0.7% compared to $26,167,542 in Q1 2022[24] - Cash outflow from operating activities totaled $35,213,479, resulting in a net cash flow from operating activities of -$9,230,945, compared to -$9,204,691 in the previous year[24] - Cash inflow from investment activities was $3,308,145, while cash outflow was $4,469,571, leading to a net cash flow from investment activities of -$1,161,426, compared to -$56,142 in Q1 2022[25] - The total cash outflow from investing activities in Q1 2023 was CNY 3,112,395, an increase from CNY 1,686,822 in Q1 2022, indicating a significant rise in investment expenditures[33] Assets and Liabilities - Total assets at the end of the reporting period were RMB 287,138,106 thousand, a slight decrease of 0.31% from the end of the previous year[5] - The total liabilities as of Q1 2023 amounted to CNY 192,394,630 thousand, slightly down from CNY 193,826,685 thousand in Q1 2022[19] - The total liabilities decreased to CNY 160,814,075,000 from CNY 163,525,443,000, showing a reduction of about 1.6%[18] - The company's total equity reached CNY 94,743,476 thousand in Q1 2023, compared to CNY 94,194,167 thousand in Q1 2022, reflecting an increase of 0.6%[19] - Total assets as of March 31, 2023, were $128,131,190, down from $130,683,372 at the end of 2022[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 264,563[9] - The top ten shareholders held a significant portion of shares, with Shanghai Electric Holding Group Co., Ltd. holding 7,442,101,913 shares[11] - The company reported a remaining pledged share quantity of 284,545,455 shares as of March 31, 2023[15] Research and Development - Research and development expenses for Q1 2023 were CNY 985,482 thousand, up from CNY 855,421 thousand in Q1 2022, indicating a rise of 15.2%[21] - Research and development expenses decreased significantly to CNY 15,711 in Q1 2023 from CNY 51,092 in Q1 2022, a reduction of 69.1%[29] Financial Expenses - Financial expenses decreased to CNY 220,546 thousand in Q1 2023 from CNY 364,927 thousand in Q1 2022, a reduction of 39.5%[21] - Financial expenses for Q1 2023 were CNY 309,956, down from CNY 340,111 in Q1 2022, showing a decrease of 8.8%[29] Future Outlook - The company has not disclosed any future outlook or guidance in the current report[3]