Financial Performance - The company's operating revenue for Q1 2023 was RMB 144,452,637, representing a year-on-year increase of 22.39%[3] - Net profit attributable to shareholders for the same period was RMB 3,371,860, reflecting a growth of 25.77% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 3,284,546, an increase of 27.23% year-on-year[3] - The basic earnings per share for Q1 2023 was RMB 0.15, which is a 25.00% increase from the same period last year[3] - Total revenue for Q1 2023 reached RMB 144.45 billion, a 22.4% increase from RMB 118.03 billion in Q1 2022[18] - Operating profit for Q1 2023 was RMB 5.30 billion, compared to RMB 4.77 billion in Q1 2022, reflecting an increase of 11.1%[18] - Net profit attributable to shareholders for Q1 2023 was RMB 3.37 billion, up from RMB 2.68 billion in Q1 2022, representing a growth of 25.8%[19] - Net profit attributable to shareholders of the parent company was RMB 3,313,169 thousand, up from RMB 2,694,301 thousand, reflecting a growth of 22.9%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 636,185,289, marking an 8.68% increase from the end of the previous year[3] - Total assets increased to RMB 636.19 billion as of March 31, 2023, compared to RMB 585.38 billion at the end of 2022, marking an increase of 8.7%[16] - The company reported a total non-current asset value of RMB 148.61 billion as of March 31, 2023, compared to RMB 147.18 billion at the end of 2022, a slight increase of 1.0%[16] - The company’s total liabilities reached RMB 459.48 billion as of March 31, 2023, up from RMB 423.48 billion at the end of 2022, an increase of 8.5%[16] - Current liabilities rose to RMB 411.88 billion as of March 31, 2023, compared to RMB 385.84 billion at the end of 2022, an increase of 6.8%[16] - Long-term borrowings increased to RMB 36.25 billion in Q1 2023 from RMB 28.84 billion in Q4 2022, a rise of 25.5%[16] Shareholder Information - The company reported a total of 367,563 ordinary shareholders at the end of the reporting period[5] - The largest shareholder, Metallurgical Corporation of China Group Co., Ltd., holds 49.18% of the shares[6] - The company has a significant shareholder, China Metallurgical Group Corporation, holding 10,190,955,300 shares, representing a substantial portion of the total shares[8] - The top ten unrestricted shareholders collectively hold a significant number of shares, with each of the funds listed holding 63,516,600 shares[9] - The company has not disclosed any related party relationships or concerted actions among the top shareholders[9] Cash Flow - The net cash flow from operating activities was negative at RMB -21,557,680, indicating a significant cash outflow[3] - Cash inflow from operating activities totaled RMB 129,401,342 thousand, compared to RMB 127,856,582 thousand in the previous year, indicating a slight increase of 1.2%[23] - Net cash flow from operating activities was negative at RMB (21,557,680) thousand, worsening from RMB (14,542,276) thousand in Q1 2022[23] - Cash inflow from investment activities was RMB 746,948 thousand, significantly higher than RMB 355,573 thousand in Q1 2022[24] - Cash outflow from financing activities increased to RMB 59,121,734 thousand from RMB 20,280,935 thousand, marking a rise of 191.5%[25] - The company received cash from financing activities totaling RMB 94,871,687 thousand, a substantial increase from RMB 50,481,705 thousand in the previous year[24] Inventory and Receivables - The company's accounts receivable increased to RMB 103,165,386 thousand as of March 31, 2023, compared to RMB 93,439,673 thousand at the end of 2022, reflecting a growth of approximately 10.5%[14] - The company reported a total of RMB 86,189,818 thousand in inventory as of March 31, 2023, an increase from RMB 79,948,631 thousand at the end of 2022[14] - The company's contract assets increased to RMB 126,085,706 thousand as of March 31, 2023, compared to RMB 106,826,600 thousand at the end of 2022[14] Research and Development - Research and development expenses for Q1 2023 were RMB 2.81 billion, compared to RMB 2.63 billion in Q1 2022, indicating a growth of 7.1%[18] Financial Statements - The company’s financial statements for Q1 2023 are unaudited, indicating a preliminary assessment of financial performance[12]
中国中冶(01618) - 2023 Q1 - 季度业绩