Hongtong Natural Gas(SH:605169)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 329,063,401.02, a decrease of 0.17% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 13,767,792.21, down 74.15% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 75.60% to CNY 12,686,867.08[5]. - Basic earnings per share were CNY 0.0487, reflecting a decrease of 74.15% year-on-year[5]. - In Q1 2023, the company's net profit was CNY 11,766,579.49, a decrease of 78.6% compared to CNY 54,963,232.53 in Q1 2022[22]. - The total profit for Q1 2023 was CNY 16,138,876.44, down 75.7% from CNY 66,314,633.93 in the same period last year[22]. - Operating profit for Q1 2023 was CNY 16,306,389.61, a decline of 75.5% compared to CNY 66,360,786.69 in Q1 2022[22]. - The total comprehensive income for Q1 2023 was CNY 12,231,273.06, significantly lower than CNY 55,751,071.15 in Q1 2022[23]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -495,550.88, a decline of 101.11% compared to the previous year[5]. - The company's cash flow from operating activities showed a net outflow of CNY -495,550.88 in Q1 2023, contrasting with a net inflow of CNY 44,569,985.78 in Q1 2022[26]. - Cash and cash equivalents as of March 31, 2023, were RMB 738,741,450.09, down from RMB 776,932,582.95 at the end of 2022[15]. - Cash and cash equivalents at the end of Q1 2023 totaled CNY 738,741,450.09, down from CNY 928,764,036.79 at the end of Q1 2022[27]. - The company’s investment activities resulted in a net cash outflow of CNY -50,853,982.23 in Q1 2023, compared to CNY -85,531,272.32 in Q1 2022[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,381,989,505.83, a decrease of 1.15% from the end of the previous year[6]. - Total assets decreased to RMB 2,381,989,505.83 as of March 31, 2023, from RMB 2,409,606,367.09 at the end of 2022[18]. - Total liabilities decreased to RMB 574,840,007.28 in Q1 2023, down from RMB 619,312,678.08 in Q4 2022[17]. - The company's total equity increased to RMB 1,807,149,498.55 as of March 31, 2023, compared to RMB 1,790,293,689.01 at the end of 2022[18]. - Accounts receivable rose to RMB 17,409,970.11 in Q1 2023, compared to RMB 14,760,050.09 in Q4 2022[16]. - Inventory increased to RMB 34,706,792.90 in Q1 2023, up from RMB 24,642,885.89 at the end of 2022[16]. - Short-term borrowings remained stable at RMB 60,067,375.00, slightly down from RMB 60,109,378.11 in Q4 2022[17]. Operating Costs and Revenue - Total operating revenue for Q1 2023 was RMB 329,063,401.02, a slight decrease of 0.17% compared to RMB 329,619,753.46 in Q1 2022[21]. - Total operating costs increased to RMB 313,105,135.62 in Q1 2023, up 18.14% from RMB 264,941,663.00 in Q1 2022[21]. - Operating costs included RMB 269,275,549.10 for cost of goods sold, which rose from RMB 225,848,948.76 in the previous year[21]. Market Conditions - The main reasons for the decline in net profit included tight natural gas supply and increased procurement costs, with LNG sales prices and volumes slightly down compared to last year[9]. - The company experienced a significant increase in natural gas procurement costs, impacting cash flow negatively[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,554[12]. - The company incurred interest expenses of CNY 985,871.59 in Q1 2023, compared to CNY 1,109,106.07 in Q1 2022[22]. - The weighted average return on net assets was 0.79%, down 2.35 percentage points from the end of the previous year[6].