世荣兆业(002016) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 300,339,671.56, representing a 34.30% increase compared to CNY 223,625,634.48 in the same period last year[4]. - The net profit attributable to shareholders decreased by 2.29% to CNY 60,886,094.69 from CNY 62,313,242.50 year-on-year[4]. - The net profit for Q1 2023 was CNY 64,103,889.21, an increase from CNY 62,296,466.12 in Q1 2022, representing a growth of approximately 2.9%[30]. - The total operating profit for Q1 2023 was CNY 84,348,152.84, up from CNY 76,639,895.30 in Q1 2022, reflecting a growth of about 10.2%[30]. - Total comprehensive income for Q1 2023 was CNY 64,103,889.21, compared to CNY 62,296,466.12 in Q1 2022, showing a slight increase[31]. - The company reported a basic and diluted earnings per share of CNY 0.0753, down from CNY 0.0770 in the previous year[31]. Cash Flow and Assets - The net cash flow from operating activities improved by 62.79%, reaching CNY -159,097,783.61, compared to CNY -427,533,691.86 in the previous year[4]. - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 1,347,480,273.27, an increase from CNY 1,293,921,248.25 at the beginning of the year[25]. - The total cash and cash equivalents at the end of Q1 2023 were CNY 1,344,036,500.70, compared to CNY 1,630,343,667.01 at the end of Q1 2022[34]. - The company’s total assets at the end of the reporting period were CNY 6,532,154,402.65, a decrease of 0.68% from CNY 6,577,167,290.96 at the end of the previous year[4]. - Total assets as of March 31, 2023, were CNY 6,532,154,402.65, down from CNY 6,577,167,290.96 at the beginning of the year[27]. - Total liabilities decreased to CNY 1,839,391,166.95 from CNY 1,948,507,944.47, a reduction of 5.6%[27]. - The total equity attributable to shareholders of the parent company was CNY 4,644,877,573.51, an increase from CNY 4,583,991,478.82[27]. Operating Costs and Revenue - The company reported a 34.30% increase in operating income, with a 75.15% rise in operating costs and a 10.06% increase in operating profit due to the addition of new thermal energy supply services[11]. - The total operating costs for the first quarter of 2023 were CNY 214,211,484.60, up 51.2% from CNY 141,674,515.76 in the previous year[29]. - Operating revenue from sales of goods and services reached CNY 551,892,390.27, significantly up from CNY 194,362,666.62 in the same period last year, indicating a growth of about 184.5%[33]. Accounts and Assets Management - Accounts receivable increased by 40.05% compared to the end of the previous year, primarily due to an increase in trade receivables[7]. - Accounts receivable increased to CNY 492,279,806.67 from CNY 351,513,391.76, reflecting a growth of 40%[26]. - Contract assets rose by 65.58% compared to the end of the previous year, attributed to increased contract settlements[8]. - Other current assets decreased by 56.02% compared to the end of the previous year, mainly due to reduced investments in government bond reverse repos[9]. - Inventory decreased to CNY 2,972,934,167.66 from CNY 3,046,279,473.28, a decline of 2.4%[26]. Financial Expenses and Tax - The company’s financial expenses decreased by 66.07% year-on-year, primarily due to reduced interest expenses[14]. - The company incurred a financial expense of -CNY 3,519,946.65, compared to -CNY 2,119,583.62 in Q1 2022, indicating an increase in financial costs[30]. - The company reported a tax expense of CNY 19,720,561.32, compared to CNY 14,028,016.69 in the previous year, which is an increase of approximately 40.5%[30]. Legal Matters - The company is actively monitoring ongoing litigation regarding the recovery of improper gains from former chairman Liang Jiarong[22]. - The company is involved in a lawsuit related to a joint venture with Asia Simulation Control Systems Engineering (Zhuhai) Co., Ltd. regarding a real estate contract dispute[22]. Research and Development - Research and development expenses decreased to CNY 662,916.73 from CNY 1,189,799.44 in the previous year, a reduction of approximately 44.2%[30].