SHREG(SZ:000803)2023-04-19 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥680,277,092.61, representing a 101.17% increase compared to ¥338,164,774.67 in the same period last year[4] - The net profit attributable to shareholders was ¥40,381,143.58, showing a slight decrease of 0.01% from ¥40,384,520.29 year-on-year[4] - The company's net loss for Q1 2023 was ¥6,869,422.86, an improvement from a loss of ¥75,378,604.18 in the previous year[14] - The net profit for Q1 2023 was CNY 40,498,708.38, a decrease of 5.9% compared to CNY 43,031,525.49 in Q1 2022[16] - The total comprehensive income for Q1 2023 was CNY 40,498,734.31, down from CNY 43,031,525.49 in the same period last year[17] - The company reported a total profit of CNY 58,627,484.60 for Q1 2023, down from CNY 63,156,700.29 in Q1 2022[16] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥35,518,245.93, compared to a negative cash flow of ¥92,040,839.67 in the previous year, marking a 138.59% increase[4] - Cash and cash equivalents increased to ¥281,362,691.61 at the end of Q1 2023, up from ¥196,099,967.31 at the beginning of the year, representing a growth of 43.4%[12] - The company reported total revenue from sales of goods and services of CNY 626,206,697.36 in Q1 2023, compared to CNY 164,176,471.49 in Q1 2022, indicating a substantial increase[18] - Operating cash flow for Q1 2023 was CNY 35,518,245.93, a significant improvement from a negative cash flow of CNY -92,040,839.67 in Q1 2022[18] - The net cash flow from financing activities for Q1 2023 was CNY 203,611,675.99, slightly up from CNY 197,017,002.28 in Q1 2022[20] - The company experienced a foreign exchange impact resulting in a net increase in cash and cash equivalents of CNY 85,262,724.30 in Q1 2023[20] Assets and Liabilities - Total assets increased by 3.47% to ¥5,776,822,504.25 from ¥5,582,930,404.63 at the end of the previous year[4] - Total assets as of March 31, 2023, were ¥5,776,822,504.25, compared to ¥5,582,930,404.63 at the beginning of the year, reflecting a growth of 3.5%[14] - Total liabilities increased to ¥4,255,569,622.34 from ¥4,103,506,216.06, an increase of 3.7%[14] Shareholder Information - The company has a total of 14,165 ordinary shareholders as of the end of the reporting period[9] - The largest shareholder, Beijing Beikong Photovoltaic Technology Development Co., Ltd., holds 15.69% of the shares, amounting to 55,239,000 shares[9] Operating Costs - The company reported a 139.33% increase in operating costs, amounting to ¥533,970,997.93, primarily due to the growth in oil trade and environmental equipment sales[7] - Total operating costs for Q1 2023 were ¥616,151,889.85, up 124.8% from ¥274,171,885.21 in Q1 2022[15] - The company recorded a significant increase in cash paid for purchasing goods and services, which rose by 199.72% to ¥510,230,719.41[8] Financial Expenses - The company reported a significant rise in financial expenses, totaling ¥37,683,923.55 in Q1 2023, compared to ¥9,427,922.25 in the same period last year[15] Market Strategy - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[15]