CGS(SH:601881)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 8,697,432,828.40, representing an increase of 18.54% compared to the same period last year[4]. - The net profit attributable to shareholders for Q1 2023 was CNY 2,249,061,846.86, reflecting a growth of 44.23% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,255,680,832.50, up by 45.24% from the previous year[4]. - The basic earnings per share for Q1 2023 increased to CNY 0.21, a rise of 50.00% compared to the same period last year[6]. - The diluted earnings per share for Q1 2023 was CNY 0.19, marking a 35.71% increase year-on-year[6]. - The weighted average return on equity for Q1 2023 was 2.36%, an increase of 0.72 percentage points compared to the previous year[6]. - Total operating revenue for Q1 2023 was CNY 8,697,432,828.40, an increase of 18.6% from CNY 7,337,087,526.07 in Q1 2022[18]. - Net profit for Q1 2023 reached CNY 2,248,818,409.08, up 44.2% compared to CNY 1,559,340,428.19 in Q1 2022[19]. - Earnings per share for Q1 2023 were CNY 0.21, compared to CNY 0.14 in Q1 2022[19]. - The company reported a significant increase in fair value gains of CNY 830,966,534.51, compared to a loss of CNY 272,559,149.58 in Q1 2022[18]. - The company’s total operating expenses for Q1 2023 were CNY 6,122,922,489.17, an increase from CNY 5,632,376,750.93 in Q1 2022[18]. - Other comprehensive income after tax for Q1 2023 was CNY 722,699,413.70, compared to a loss of CNY 83,610,916.86 in Q1 2022[19]. - Net profit for Q1 2023 was CNY 1,915,726,305.91, compared to CNY 1,318,383,877.81 in Q1 2022, reflecting a 45.3% increase[27]. - Investment income for Q1 2023 was CNY 1,182,305,828.10, significantly up from CNY 505,325,182.82 in the same period last year, marking a 133.4% increase[26]. Cash Flow and Investments - The net cash flow from operating activities decreased by 69.00% to CNY 5,404,471,130.60 compared to the same period last year[6]. - In Q1 2023, the net cash flow from operating activities was ¥5,404,471,130.60, a decrease of 69.0% compared to ¥17,432,704,552.09 in Q1 2022[21]. - Total cash inflow from investment activities was ¥2,078,689,236.06, down from ¥2,535,823,951.20 in the same period last year[21]. - The net cash flow from financing activities was -¥4,746,143,462.41, compared to a positive cash flow of ¥2,232,897,163.96 in Q1 2022[22]. - The company reported a net cash outflow from investing activities of CNY 11,139,764,826.05 in Q1 2023, compared to a net outflow of CNY 16,843,040,778.76 in Q1 2022[28]. - The company issued long-term corporate bonds and received cash of CNY 11,358,090,000.00 in Q1 2023, an increase from CNY 5,420,910,000.00 in Q1 2022[28]. - The net cash flow from investment activities was significantly negative at -¥14,312,653,182.83, compared to -¥23,404,561,129.90 in the same period last year[21]. Assets and Liabilities - Total assets as of March 31, 2023, were CNY 656,073,418,853.59, representing a 4.93% increase from the end of the previous year[6]. - Total assets as of March 31, 2023, reached RMB 656,073,418,853.59, an increase from RMB 625,222,928,196.19 at the end of 2022, reflecting a growth of approximately 4.3%[16]. - The total liabilities as of March 31, 2023, were RMB 656,073,418,853.59, compared to RMB 625,222,928,196.19 at the end of 2022, showing an increase of around 4.3%[16]. - Total liabilities increased to CNY 550,479,936,879.23 in Q1 2023 from CNY 522,601,017,700.09 in Q1 2022[17]. - The total equity attributable to shareholders rose to CNY 105,570,540,862.22, compared to CNY 102,598,725,946.18 in the previous year[17]. - Total liabilities increased to CNY 466,290,120,109.26 in Q1 2023 from CNY 438,573,210,059.09 in Q1 2022, representing a growth of 6.1%[24]. - The company’s total assets reached CNY 568,247,294,097.09 in Q1 2023, up from CNY 537,820,549,482.53 in Q1 2022, reflecting a growth of 5.7%[24]. Shareholder Information - The number of A-share ordinary shareholders was 89,510, while H-share registered shareholders totaled 661 as of the end of the reporting period[14]. - The company appointed a new non-executive director, Ms. Li Hui, during the first extraordinary general meeting of 2023[15]. - The company issued RMB 62,000 worth of convertible bonds during the reporting period, converting into 6,204 shares, with a total of RMB 271,000 converted since September 30, 2022[15]. - The total amount of outstanding convertible bonds not yet converted was RMB 7,799,729,000, which is 99.996526% of the total issued amount[15]. Cash and Equivalents - Cash and cash equivalents amounted to RMB 111,807,092,832.25, down from RMB 115,995,340,538.15, indicating a decrease of about 3.5%[16]. - The company's cash and cash equivalents at the end of Q1 2023 were ¥120,934,342,774.54, down from ¥134,685,625,232.25 at the beginning of the quarter[22]. - The beginning balance of cash and cash equivalents was ¥102,466,223,484.17, while the ending balance was ¥92,447,840,171.83[29]. - The net decrease in cash and cash equivalents was ¥10,018,383,312.34, compared to an increase of ¥6,531,017,996.48 in the previous period[29]. Accounting Standards - The company did not apply new accounting standards or interpretations for the first quarter of 2023[30].