CECM(SZ:300385)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥295,923,690.80, a decrease of 32.58% compared to ¥438,928,153.27 in the same period last year[5]. - Net profit attributable to shareholders was ¥10,733,324.68, representing a significant increase of 378.66% from ¥2,242,355.93 year-on-year[5]. - Basic and diluted earnings per share increased by 380.60% to ¥0.0322 from ¥0.0067 in the previous year[5]. - Net profit for the current period is CNY 12,345,258.95, significantly higher than CNY 2,572,688.01 in the previous period, representing a growth of 380.5%[26]. - Earnings per share (EPS) for the current period is CNY 0.0322, compared to CNY 0.0067 in the previous period, indicating a substantial increase[27]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 38.23%, reaching -¥86,374,346.68 compared to -¥139,827,636.61 in Q1 2022[5]. - The company's cash and cash equivalents decreased from RMB 268,796,537.91 at the beginning of the year to RMB 227,024,343.81 at the end of the period[19]. - Cash inflow from investment activities totaled 49,594,438.00, up from 40,164,320.50, reflecting an increase of about 23%[31]. - The net cash flow from financing activities was 70,117,172.99, compared to 152,449,868.07, showing a decrease of approximately 54%[31]. - Cash outflow for operating activities was 359,199,588.89, down from 443,467,097.96, reflecting a reduction of about 19%[30]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,168,044,732.41, a slight decrease of 0.55% from ¥3,185,450,906.78 at the end of the previous year[5]. - Total liabilities are CNY 2,328,494,421.74, a decrease from CNY 2,348,660,749.47 in the previous period[22]. - Current liabilities total CNY 1,515,702,787.10, down from CNY 1,548,535,210.34 in the previous period[22]. - Non-current liabilities increased to CNY 812,791,634.64 from CNY 800,125,539.13 in the previous period[22]. Operational Efficiency - The company experienced a 32.82% reduction in operating costs, amounting to ¥258,668,831.14, due to fewer completed projects[8]. - Total operating costs for the current period are CNY 311,104,371.88, down 29.7% from CNY 441,779,843.59 in the previous period[25]. Investments and Innovation - Research and development expenses increased by 31.49% to ¥7,984,482.17, indicating a focus on innovation[8]. - The company won a bid for the "Wuhan Economic and Technological Development Zone (Hannan District) Solid Waste Resource Utilization Project" with a contract value of RMB 454,293,368.64[16]. - The company, as the lead party, formed a consortium with Suhua Construction Group and won the bid for the Zunyi Environmental Eco-Industrial Park municipal sludge treatment project, with a total contract price of RMB 116,950,000[16]. - The company received a "High-tech Enterprise Certificate" from Jiangsu Provincial Science and Technology Department, Jiangsu Provincial Finance Department, and the State Taxation Administration of Jiangsu Province[16]. - The company obtained 10 new patent certificates during the reporting period[16]. Accounts Receivable and Inventory - Accounts receivable increased from RMB 829,100,600.75 to RMB 898,121,742.62, indicating a growth of approximately 8.3%[19]. - Inventory decreased from RMB 413,073,790.13 to RMB 390,486,382.35, a reduction of about 5.4%[20]. - The total current assets remained stable at RMB 1,993,509,299.95 compared to RMB 1,993,239,590.00 at the beginning of the year[20].