Financial Performance - The company's operating revenue for Q1 2023 was CNY 311,337,690.99, representing a 1.74% increase compared to CNY 306,025,086.11 in the same period last year[4] - Net profit attributable to shareholders was CNY 60,519,383.38, a 24.17% increase from CNY 48,737,493.49 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 56,683,745.29, up 19.41% from CNY 47,470,853.62 in the previous year[4] - Total operating revenue for Q1 2023 was CNY 311,337,690.99, an increase of 1.08% compared to CNY 306,025,086.11 in Q1 2022[22] - Net profit for Q1 2023 reached CNY 70,459,490.14, representing a 24.6% increase from CNY 56,557,464.71 in Q1 2022[23] Cash Flow and Assets - The net cash flow from operating activities decreased by 36.90% to CNY 35,744,854.82, down from CNY 56,650,394.80 in the same quarter last year[4] - As of March 31, 2023, the company's cash and cash equivalents amounted to RMB 1,169,288,283.14, a decrease from RMB 1,756,437,642.01 at the beginning of the year[18] - The company's accounts receivable increased to RMB 466,628,011.15 from RMB 412,479,947.80 at the beginning of the year, reflecting a growth of approximately 13.1%[18] - The company's cash inflow from operating activities totaled CNY 241,497,439.56, an increase of 16.9% from CNY 206,559,264.76 in the prior period[25] - The ending balance of cash and cash equivalents was CNY 1,154,764,978.02, a decrease from CNY 1,747,909,784.90 at the beginning of the period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period was 56,749[9] - The largest shareholder, Zhongke Industrial Group, holds 57.75% of the shares, totaling 850,000,000 shares[9] - The total number of shareholders who had their restricted shares released was 5,522, with a total of 21,424,142 shares released, accounting for 1.46% of the company's total share capital[13] - The company’s restricted shares held by major shareholders remained unchanged during the reporting period[12] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,511,312,666.35, reflecting a 0.34% increase from CNY 6,489,021,525.78 at the end of the previous year[4] - Current liabilities decreased to CNY 995,271,274.92, down 8.14% from CNY 1,083,604,626.38 in the previous quarter[20] - Non-current liabilities increased to CNY 1,968,956,645.05, up from CNY 1,956,015,075.97 in the previous quarter[20] - The total equity attributable to shareholders of the parent company rose to CNY 3,274,198,442.70, compared to CNY 3,211,919,001.84 in the previous quarter[20] Investments and Acquisitions - The company completed the acquisition of a 55% stake in the Changning City Waste Incineration Power Generation Project for RMB 31 million (approximately $4.5 million) in Q1 2023[16] - The company reported non-recurring gains of CNY 3,835,638.09, which included government subsidies and cash management income[6] - The company received CNY 300,000,000.00 from investment recoveries during the quarter[25] - Total cash outflow from investing activities was CNY 913,675,287.17, significantly higher than CNY 100,045,564.08 in the previous period[25] Research and Development - Research and development expenses for Q1 2023 were CNY 4,953,432.73, a decrease from CNY 5,673,691.96 in Q1 2022[23] - The company has not reported any new product or technology developments in the recent quarter[15] Corporate Governance - The company has completed the election of its second board and supervisory committee, with a term of three years starting from January 16, 2023[15] Future Outlook - The company has not provided specific future guidance or performance outlook in the latest report[15] Audit Status - The report for Q1 2023 was not audited[27]
中科环保(301175) - 2023 Q1 - 季度财报