Jovo Energy(SH:605090)2023-04-17 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥6,473,534,627.83, representing a decrease of 7.75% compared to the same period last year[12]. - Net profit attributable to shareholders of the listed company was ¥451,576,208.70, an increase of 14.98% year-on-year[12]. - Basic earnings per share for the period was ¥0.73, reflecting a year-on-year increase of 14.06%[12]. - The total revenue for Q1 2023 was ¥6,473,534,627.83, a decrease of approximately 7.75% from ¥7,017,080,309.39 in Q1 2022[45]. - The net profit for the first quarter of 2023 was CNY 451,902,167.99, an increase of 14.9% compared to CNY 393,224,755.32 in the same period of 2022[48]. - The operating profit for the first quarter of 2023 was CNY 491,772,181.03, compared to CNY 434,725,949.33 in the previous year, reflecting an increase of 13.1%[48]. - The total comprehensive income for the first quarter of 2023 was CNY 451,902,167.99, compared to CNY 386,240,230.34 in the same period of 2022, marking an increase of 17.0%[51]. Cash Flow and Investments - The net cash flow from operating activities decreased by 8.88% to ¥690,694,859.92, primarily due to the absence of large cross-period receivables compared to the previous year[16]. - The cash flow from operating activities for the first quarter of 2023 was CNY 690,694,859.92, a decrease from CNY 758,045,748.78 in the first quarter of 2022, showing a decline of 8.9%[53]. - Investment activities cash outflow totaled 1,214,628,553.48, an increase from 800,199,725.05[56]. - Net cash flow from investment activities was -941,976,002.94, compared to -795,685,927.32[56]. - Cash inflow from financing activities reached 2,225,773,931.95, up from 1,523,659,063.99[56]. - Net cash flow from financing activities was 1,285,190,656.99, significantly higher than 419,569,725.09[56]. - The net increase in cash and cash equivalents was 1,039,927,418.07, compared to 384,186,536.14[56]. - The ending balance of cash and cash equivalents was 5,303,070,944.21, up from 3,257,077,416.02[56]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥13,374,375,158.62, an increase of 18.26% from the end of the previous year[12]. - As of March 31, 2023, the total current assets increased to ¥8,227,511,469.96 from ¥6,419,278,032.67 as of December 31, 2022, representing a growth of approximately 28.14%[38]. - The total non-current assets reached ¥5,146,863,688.66, compared to ¥4,890,073,369.22, reflecting an increase of approximately 5.25%[40]. - The total liabilities increased to ¥5,763,766,410.43 from ¥4,128,206,012.02, indicating a rise of about 39.66%[42]. - The total equity attributable to shareholders increased to ¥7,371,039,620.05 from ¥6,941,797,356.80, representing a growth of about 6.25%[44]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,547[20]. - The largest shareholder, Guangdong Jiufeng Investment Holding Co., Ltd., held 200,600,568 shares, accounting for 32.07% of the total shares[21]. - As of March 31, 2023, the company held 6,710,080 shares in its repurchase special securities account, accounting for a certain percentage of the total share capital[25]. Business Operations - The company reported a decrease in operating costs by 9.20%, attributed to a decline in the purchase price of clean energy products[16]. - In Q1 2023, the company achieved a service volume of 90,000 tons in natural gas recovery operations, maintaining stable earnings per ton, indicating strong profitability in its energy service business[29]. - The company's LNG business saw a significant cost advantage due to a sharp decline in international natural gas prices, which is expected to restore pricing power domestically[34]. - The high-purity helium business achieved a production and sales volume exceeding 50,000 cubic meters, representing over 50% growth compared to the same period last year[35]. - The energy logistics service business generated revenue of RMB 0.65 billion, with expectations for steady growth as LNG and LPG vessels continue to operate[29]. - The company is actively advancing its hydrogen production business, with a related acquisition project entering the asset delivery phase, aiming for a 70% stake[35]. - The overall profitability of the clean energy business (gross profit) remained stable compared to the same period last year[34]. - The company is focusing on enhancing its "one main and two wings" business development structure, emphasizing the clean energy service sector[28]. - The company is integrating resources and expanding markets in the LPG sector, achieving steady sales growth in the South China region[34]. Expenses and Financial Management - The company confirmed share-based payment expenses related to the employee stock ownership plan amounting to RMB 17.0897 million, impacting net profit[35]. - The company reported a decrease in sales expenses to CNY 51,283,178.77 from CNY 59,441,707.00, a reduction of 13.7% year-over-year[48]. - The financial expenses decreased to CNY 4,894,063.98 from CNY 7,643,793.63, a decline of 35.5% compared to the previous year[48]. - The investment income from associates and joint ventures was CNY 10,345,094.95, a significant improvement from a loss of CNY 1,476,978.16 in the same quarter of 2022[48]. - The company recorded a foreign exchange loss of CNY 20,001,386.49, an improvement from a loss of CNY 33,599,420.97 in the previous year[48].