CNNP(SH:601985)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥17,893,494,221.82, representing a 4.64% increase compared to ¥17,099,460,204.21 in the same period last year[4]. - Net profit attributable to shareholders was ¥3,023,133,804.99, up 4.79% from ¥2,884,076,302.67 year-on-year[4]. - Basic earnings per share for Q1 2023 were ¥0.157, a decrease of 1.88% from ¥0.160 in the previous year[5]. - The weighted average return on equity was 3.52%, down 0.55 percentage points from 4.07% in the same period last year[5]. - Total revenue for Q1 2023 reached ¥17,893,494,221.82, an increase from ¥17,099,460,204.21 in Q1 2022, representing a growth of approximately 4.6%[21]. - Operating profit for Q1 2023 was ¥6,632,236,123.67, compared to ¥6,491,676,602.78 in Q1 2022, reflecting a growth of approximately 2.2%[22]. - Net profit for Q1 2023 amounted to ¥5,403,892,625.80, an increase from ¥5,361,703,794.21 in Q1 2022, showing a growth of around 0.8%[22]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 6.45% to ¥9,584,826,921.88, primarily due to increased cash expenditures exceeding the growth in sales receipts[10]. - The company's cash and cash equivalents increased to ¥20.30 billion from ¥16.16 billion year-over-year, representing a growth of approximately 25.5%[18]. - The total current assets reached ¥70.76 billion, up from ¥65.76 billion, indicating a year-over-year increase of about 7.6%[18]. - The operating cash flow for Q1 2023 was CNY 19,632,018,023.23, up from CNY 17,811,270,041.19 in Q1 2022, reflecting a growth of approximately 10.2%[25]. - The net cash flow from investing activities for Q1 2023 was -CNY 12,168,764,799.67, compared to -CNY 6,754,176,834.44 in Q1 2022, indicating a significant increase in cash outflow[26]. - The net cash flow from financing activities for Q1 2023 was CNY 6,702,367,383.32, a substantial increase from CNY 795,115,731.44 in Q1 2022[26]. - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 19,704,275,432.88, compared to CNY 16,756,720,282.29 at the end of Q1 2022, showing an increase of approximately 11.6%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥478,661,068,228.84, reflecting a 2.97% increase from the previous year-end[5]. - Non-current liabilities totaled ¥257,509,127,606.35 in Q1 2023, up from ¥242,953,063,251.11 in Q1 2022, indicating an increase of about 6.0%[20]. - The total liabilities increased, with cash paid for financing activities rising to ¥1.12 billion, reflecting a higher amount deposited in time deposits compared to the previous year[14]. - The total assets as of Q1 2023 were ¥478,661,068,228.84, compared to ¥464,851,170,894.10 at the end of Q1 2022, marking an increase of approximately 2.0%[20]. - The total liabilities were CNY 10,470,209,309.08, slightly up from CNY 10,460,041,516.25 year-over-year[29]. Investments and Acquisitions - The company completed the acquisition of China Nuclear (Shandong) Technology Service Co., Ltd. in January 2023, which is accounted for as a business combination under common control[6]. - The company received cash from investment activities amounting to ¥347.50 million, primarily due to the acquisition of a wholly-owned subsidiary[12]. - The company is focusing on strategic acquisitions to enhance its competitive position in the market[30]. Research and Development - Research and development expenses for Q1 2023 were ¥232,194,309.43, down from ¥246,694,316.66 in Q1 2022, indicating a decrease of about 5.9%[22]. - Research and development expenses were CNY 9,921,091.02, reflecting the company's commitment to innovation[30]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 363,772, with the largest shareholder, China National Nuclear Corporation, holding 59.31% of the shares[15]. - The total equity increased to CNY 68,634,563,003.51 from CNY 68,540,969,405.66, showing a growth in shareholder value[29]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥5,289,848.85 for the period, after accounting for tax and minority interests[9]. - The company reported a significant increase in other income, which rose by ¥84.59 million, mainly from VAT refunds[12]. - The company's sales expenses increased by ¥56.80 million, attributed to higher costs associated with two specific power plant projects[12]. - The company's total inventory decreased to ¥22.99 billion from ¥24.81 billion, a decline of approximately 7.3% year-over-year[18]. - The company reported a decrease in financial expenses, with interest expenses down to CNY 80,344,568.44 from CNY 99,146,012.46[30]. - The company did not apply new accounting standards in 2023, maintaining consistency in financial reporting[33].