Financial Performance - The company's operating revenue for Q1 2023 was CNY 360,288,717.83, a decrease of 0.33% compared to CNY 361,487,622.23 in the same period last year[5]. - Net profit attributable to shareholders increased by 19.67% to CNY 111,336,302.44 from CNY 93,038,657.95 year-on-year[5]. - Basic and diluted earnings per share decreased by 10.28% to CNY 0.2715 from CNY 0.3026 in the previous year[5]. - The weighted average return on equity decreased to 2.20% from 3.87% year-on-year[5]. - The net profit for Q1 2023 was CNY 138,802,519.28, representing an increase of 17.8% compared to CNY 117,819,971.69 in Q1 2022[29]. - The operating profit for the period was CNY 149,479,233.96, up from CNY 125,036,513.49 in the same period last year, indicating a growth of 19.6%[29]. - The total profit for Q1 2023 reached CNY 149,833,049.89, compared to CNY 124,982,516.36 in Q1 2022, marking an increase of 19.9%[29]. - The total comprehensive income for the period was CNY 138,802,519.28, compared to CNY 117,819,971.69 in the previous year, indicating a growth of 17.8%[29]. Cash Flow and Investments - The net cash flow from operating activities surged by 1,481.96% to CNY 122,263,063.24, compared to CNY 7,728,565.97 in Q1 2022[11]. - The net cash flow from investing activities was CNY 190,652,033.63, a significant recovery from a negative CNY 211,210,029.70 in Q1 2022[11]. - Cash flow from operating activities generated a net amount of CNY 122,263,063.24, significantly higher than CNY 7,728,565.97 in the previous year[31]. - The company reported cash inflows from investment activities totaling CNY 1,218,645,687.94, with a net cash flow from investment activities of CNY 190,652,033.63[31]. - The cash and cash equivalents at the end of the period amounted to CNY 1,275,474,422.03, an increase from CNY 631,080,418.65 at the end of Q1 2022[32]. - The cash and cash equivalents increased to CNY 1,281,674,823.29 from CNY 1,037,792,829.72, representing a growth of about 23.5%[24]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 9,802,281,286.28, reflecting a 0.26% increase from CNY 9,776,707,108.52 at the end of the previous year[5]. - The total liabilities decreased to CNY 4,141,713,973.00 from CNY 4,237,141,979.06 at the beginning of the year, reflecting a reduction of approximately 2.25%[26]. - The company’s total equity increased to CNY 5,660,567,313.28 from CNY 5,539,565,129.46, reflecting a growth of about 2.18%[26]. Tax and Expenses - The company reported a 54.00% increase in income tax expenses, amounting to CNY 11,030,530.61, due to increased revenue and profits[10]. - The company incurred income tax expenses of CNY 11,030,530.61, which is an increase from CNY 7,162,544.67 in Q1 2022[29]. - The company reported a decrease in research and development expenses to CNY 13,420,389.66 from CNY 16,524,215.27, a reduction of approximately 18.5%[27]. Operational Highlights - The total waste processed by the company in Q1 2023 was 828,100 tons, an increase of 3.45% compared to the previous year[18]. - The electricity generated and fed into the grid was 335 million kWh, reflecting a year-on-year growth of 14.46%[18]. - The fly ash landfill processing volume reached 17,200 tons, which is a 17.29% increase year-on-year[18]. - The company signed a supplementary agreement for the solid waste treatment franchise rights on March 30, 2023, indicating ongoing expansion in its operational capabilities[22]. - The company plans to engage in a major asset restructuring, with stock trading resuming on March 6, 2023, after a temporary suspension[21]. Shareholder Information - The top shareholder, Hunan Junxin Environmental Group, holds 62.23% of the shares, totaling 255,155,217 shares[14]. - The second-largest shareholder, Dai Daoguo, owns 5.27% of the shares, amounting to 21,611,654 shares[14]. - The company has a total of 35,113 common stock shareholders at the end of the reporting period[13]. Joint Ventures - The company won the bid for the Liuyang City waste incineration power generation project, establishing a joint venture with a 70% stake[19]. - The registered name of the new joint venture company is "Hunan Liuyang Junxin Environmental Co., Ltd."[19]. - The company completed the registration of the new subsidiary and obtained its business license[19].
军信股份(301109) - 2023 Q1 - 季度财报