Shuifa Energas(SH:603318)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 870,297,840.48, representing a year-on-year increase of 71.79%[4] - The net profit attributable to shareholders for Q1 2023 was CNY 17,010,559.99, reflecting a growth of 31.70% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 16,656,054.06, which is an increase of 52.79% year-on-year[4] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.04, up by 33.33% from the previous year[4] - Total operating revenue for Q1 2023 reached ¥870,297,840.48, a significant increase of 71.7% compared to ¥506,609,460.20 in Q1 2022[16] - Net profit for Q1 2023 was ¥35,301,860.77, representing a 45.7% increase from ¥24,213,113.91 in Q1 2022[17] - Earnings per share for Q1 2023 were ¥0.04, compared to ¥0.03 in Q1 2022, indicating a growth of 33.3%[17] Cash Flow - The net cash flow from operating activities decreased by 59.64% to CNY 44,680,031.18, primarily due to the absence of certain cash inflows from the previous year[6] - In Q1 2023, the cash inflow from operating activities was approximately $937.96 million, an increase of 39.93% compared to $670.55 million in Q1 2022[20] - The net cash flow from operating activities decreased to $44.68 million in Q1 2023, down 59.6% from $110.70 million in Q1 2022[20] - Total cash outflow for operating activities was $893.28 million in Q1 2023, an increase of 59.4% from $559.85 million in Q1 2022[20] - The company reported a cash inflow of $32.25 million from other operating activities in Q1 2023, down from $62.62 million in Q1 2022[20] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 4,293,453,822.38, a decrease of 1.38% from the end of the previous year[5] - Current assets totaled RMB 1,111,563,922.21, down from RMB 1,157,975,466.28, indicating a decrease of about 4.00%[13] - Cash and cash equivalents were reported at RMB 396,463,198.72, compared to RMB 442,155,487.77 at the end of 2022, representing a decline of approximately 10.35%[12] - The company's total liabilities decreased to ¥2,446,657,324.08 in Q1 2023 from ¥2,545,094,799.44 in Q1 2022, a reduction of approximately 3.9%[15] - The total equity attributable to shareholders increased to ¥1,609,372,390.89 in Q1 2023, up from ¥1,589,461,228.80 in Q1 2022, reflecting a growth of 1.5%[15] Investments and Shareholder Information - The company reported a total of 120,950,353 shares held by its largest shareholder, Shandong Water Development Holdings Group, indicating significant ownership concentration[10] - The company has a total of 291,308,633.25 in long-term equity investments, showing stability in its investment portfolio[13] Business Growth and Strategy - The increase in operating revenue was mainly driven by the growth in LNG business and the consolidation of Tongliao Longshengfeng and Tieling Longshengfeng since March 2022[6] - The company is exploring market expansion opportunities and new product development strategies to enhance growth prospects[10] - The company has established relationships with key stakeholders, including significant shareholders and investment entities, to strengthen its market position[10] Research and Development - Research and development expenses rose to ¥4,207,928.53 in Q1 2023, compared to ¥2,358,183.07 in Q1 2022, marking an increase of 78.5%[16] Other Comprehensive Income - The company’s other comprehensive income after tax for Q1 2023 was ¥191,708.17, up from ¥7,111.85 in Q1 2022, showing a substantial increase[17]