ENC(SH:603869)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥185,473,761.46, representing a year-on-year increase of 38.35%[5] - The net profit attributable to shareholders for Q1 2023 was ¥7,711,517.45, showing a significant increase of 324.58% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was ¥0.0153, reflecting a growth of 325.00% year-on-year[6] - Total operating revenue for Q1 2023 reached ¥185,473,761.46, a 38.3% increase from ¥134,056,912.24 in Q1 2022[20] - Net profit for Q1 2023 was ¥7,616,401.88, compared to ¥2,628,930.94 in Q1 2022, representing a 189.5% increase[21] - Basic and diluted earnings per share for Q1 2023 were both ¥0.0153, significantly up from ¥0.0036 in Q1 2022[22] Cash Flow - The net cash flow from operating activities for Q1 2023 was -¥61,703,273.01, a decrease of 19.87% compared to the previous year[5] - Cash inflow from operating activities in Q1 2023 was ¥298,562,769.52, compared to ¥205,802,257.02 in Q1 2022, marking a 44.9% increase[24] - The net cash flow from investing activities was -$110.28 million, compared to -$35.90 million in the previous year[26] - The net cash flow from financing activities was $58.92 million, a significant improvement from -$5.53 million in the same period last year[26] - The net increase in cash and cash equivalents was -$113.07 million, compared to -$118.44 million in the previous year[26] - The initial cash and cash equivalents balance was $1.53 billion, down from $1.71 billion year-over-year[26] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥4,843,637,439.41, a slight decrease of 0.63% from the end of the previous year[6] - The total liabilities as of March 31, 2023, are RMB 833,903,507.74, down from RMB 872,804,665.32 at the end of 2022[16] - The company’s total equity remains stable at RMB 504,500,508.00[16] - The company reported accounts receivable of RMB 1,170,213,828.03, a decrease from RMB 1,214,505,692.85 at the end of 2022[15] - The company has a total non-current asset value of RMB 1,659,216,021.15 as of March 31, 2023[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,711[10] - The largest shareholder, Xin'ao Energy Supply Chain Co., Ltd., holds 176,841,072 shares, accounting for 35.05% of total shares[10] - The company has repurchased a total of 5,250,600 shares, representing 1.04% of the total share capital, with a total expenditure of approximately RMB 47.5 million[12] Operating Costs and Expenses - The company reported a 40.28% increase in operating costs, attributed to business expansion amid economic recovery[8] - Operating costs for Q1 2023 were ¥181,323,548.23, up from ¥144,042,784.07 in Q1 2022, reflecting a 25.9% increase[20] - The company experienced a decrease in sales expenses, which were ¥14,728,659.96 in Q1 2023, down from ¥16,885,138.00 in Q1 2022[20] - Research and development expenses for Q1 2023 totaled ¥32,346,389.62, an increase from ¥26,928,571.24 in Q1 2022[21] Financing Activities - The company’s short-term borrowings increased by 68.88% in Q1 2023, indicating a rise in financing activities[8] - The company’s short-term borrowings increased to RMB 151,692,014.30 from RMB 89,822,622.46 at the end of 2022[16] - Cash inflows from borrowings amounted to $101.58 million, up from $48.79 million in the previous year[26] - Cash outflows for debt repayment were $38.93 million, compared to $50 million in the same period last year[26] - The company’s cash outflows related to financing activities totaled $42.66 million, compared to $54.32 million in the previous year[26] - The company’s cash inflows from financing activities totaled $101.58 million, reflecting a strong capital raising effort[26] Other Information - The company's weighted average return on equity increased by 0.15 percentage points to 0.1939%[6] - Investment income decreased by 91.63% in Q1 2023, mainly due to a reduction in bill discounting amounts[8] - The company did not apply new accounting standards or interpretations for the first time in 2023[26]