GDPD(600795)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 45.33 billion, a decrease of 3.10% compared to CNY 46.78 billion in the same period last year[4] - Net profit attributable to shareholders was CNY 964.48 million, down 7.02% from CNY 1.04 billion year-on-year[4] - The net profit excluding non-recurring gains and losses increased by 4.18% to CNY 914.89 million from CNY 877.06 million in the previous year[4] - Basic earnings per share decreased by 6.90% to CNY 0.054 from CNY 0.058 in the same period last year[4] - The weighted average return on equity decreased by 0.231 percentage points to 2.116% compared to 2.347% in the previous year[4] - The net profit for Q1 2023 was CNY 2,355,025,944.53, a decrease of 15.7% compared to CNY 2,795,225,879.13 in Q1 2022[17] - The total comprehensive income for Q1 2023 was CNY 2,421,721,692.20, down from CNY 2,589,831,714.67 in Q1 2022[18] - The company reported a decrease in other comprehensive income, with a net amount of CNY 66,695,747.67 in Q1 2023, compared to a loss of CNY 205,394,164.46 in Q1 2022[17] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 7.79 billion, a decrease of 2.56% compared to CNY 7.99 billion last year[4] - The company's cash and cash equivalents as of March 31, 2023, amount to 26,254,546,523.88 RMB, an increase from 20,967,710,969.80 RMB as of December 31, 2022[13] - Cash flow from operating activities for Q1 2023 was CNY 7,788,761,905.01, slightly down from CNY 7,993,596,873.41 in Q1 2022[20] - Cash flow from investing activities showed a net outflow of CNY 7,081,941,566.96 in Q1 2023, compared to a net outflow of CNY 3,647,782,534.26 in Q1 2022[20] - Cash flow from financing activities resulted in a net inflow of CNY 4,613,363,471.66 in Q1 2023, contrasting with a net outflow of CNY 1,460,011,069.25 in Q1 2022[20] - The company's cash and cash equivalents at the end of Q1 2023 amounted to CNY 21,145,055,516.43, an increase from CNY 14,465,226,672.22 at the end of Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 423.07 billion, an increase of 2.47% from CNY 412.88 billion at the end of the previous year[4] - Current assets totaled ¥67,324,262,589.32, an increase from ¥58,617,184,093.27 in the previous year, indicating improved liquidity[14] - Total liabilities amounted to ¥310,304,912,362.86, up from ¥302,690,001,548.17, reflecting a growth of 2.0%[15] - Long-term borrowings increased to ¥156,162,944,543.53 from ¥149,640,259,387.98, indicating a rise of 4.0%[15] - The total assets as of March 31, 2023, amounted to CNY 116,629,058,079.37, compared to CNY 115,867,800,286.13 at the end of 2022, showing a slight increase of about 0.66%[22] - The total liabilities increased to CNY 78,318,694,553.64 from CNY 76,956,880,197.32, reflecting a rise of approximately 1.77%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 448,519, with the largest shareholder, State Energy Investment Group, holding 9,038,709,571 shares, representing 50.68% of the total[10] - The company has a total of 896,934,967 shares held by China Securities Finance Corporation, accounting for 5.03% of the total shares[10] - The report indicates that there are no significant changes in the status of shares held by major shareholders, with no pledges or freezes reported[10] Operational Insights - The decrease in operating revenue was attributed to the divestment of thermal power assets in the Ningxia region, resulting in a lower power generation volume compared to the previous year[9] - The decrease in net profit was primarily due to reduced investment income from joint ventures compared to the same period last year[9] - The company reported a significant increase in prepayments, rising to 6,928,004,204.55 RMB from 4,472,495,317.93 RMB, suggesting potential future revenue recognition[13] - The inventory level decreased to 5,251,507,025.46 RMB from 6,095,809,145.95 RMB, which may indicate improved inventory management or sales performance[13] - The company reported a decrease in inventory from CNY 95,447,344.43 to CNY 68,670,838.85, which is a reduction of approximately 28.1%[22] Research and Development - Research and development expenses for Q1 2023 were ¥52,497,872.34, compared to ¥45,876,238.09 in Q1 2022, marking an increase of 14.0%[16] - Research and development expenses for Q1 2023 were CNY 1,267,516.47, down from CNY 2,057,017.66 in Q1 2022, representing a decrease of approximately 38.3%[24] Future Outlook - The company has not disclosed any new product developments or technological advancements in this quarter's report[12] - There are no significant mergers or acquisitions reported during this period[12] - The company has not provided specific future guidance or outlook in the current report[12]