Linyang Energy(601222)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,064,878,236.67, representing an increase of 8.22% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was RMB 196,670,606.00, reflecting a growth of 10.03% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 182,179,336.85, which is an increase of 14.82% compared to the previous year[4]. - The basic earnings per share for the period was RMB 0.10, up by 11.11% year-on-year[4]. - The net profit for the first quarter of 2023 was approximately CNY 203.03 million, an increase of 12.2% compared to CNY 180.88 million in the same period last year[27]. - The total profit amounted to CNY 243.93 million, up from CNY 226.44 million, reflecting a growth of 7.4% year-over-year[27]. Cash Flow and Investments - The net cash flow from operating activities was negative at RMB -75,217,509.48, indicating a non-applicable change[4]. - The company reported a net cash inflow from investment activities of CNY 1.24 billion, significantly higher than CNY 652.22 million in the previous year[31]. - Cash inflow from investment activities in Q1 2023 was ¥2,887,609,321.90, compared to ¥2,505,273,282.10 in Q1 2022, marking an increase of 15.2%[51]. - Cash and cash equivalents at the end of the period reached CNY 4.47 billion, up from CNY 3.25 billion, marking an increase of 37.2%[31]. - The cash outflow from financing activities was CNY 651.62 million, compared to CNY 299.65 million in the previous year, indicating increased financing activities[31]. Assets and Liabilities - The total assets of Jiangsu Linyang Energy Co., Ltd. amounted to ¥20,764,272,006.32, a decrease from ¥21,300,547,087.81 in the previous period[22]. - Total current liabilities decreased to ¥3,724,787,057.95 from ¥4,436,535,859.71[22]. - Total liabilities decreased to ¥5,737,771,861.61 in Q1 2023 from ¥6,432,924,230.41 in Q1 2022, a reduction of approximately 10.8%[44]. - The company’s total liabilities and shareholders' equity are not explicitly stated in the provided documents[22]. Shareholder Information - As of the end of the reporting period, the company had repurchased 18,949,000 shares, accounting for 0.92% of the total share capital[9]. - The total number of ordinary shareholders at the end of the reporting period was 96,126[17]. - The largest shareholder, Qidong Huahong Electronics Co., Ltd., held 34.72% of the shares[17]. - The company completed a share repurchase plan, acquiring 18,949,000 shares at an average price of CNY 8.34 per share, totaling CNY 157.99 million[39]. Operational Costs and Expenses - Total operating costs for Q1 2023 were ¥888,460,834.73, up from ¥841,521,003.41 in Q1 2022, reflecting a rise of 5.6%[46]. - Research and development expenses for Q1 2023 amounted to ¥45,564,709.29, up from ¥41,725,105.80 in Q1 2022, representing an increase of 9.0%[46]. - The company reported a decrease in financial expenses to ¥32,832,855.26 in Q1 2023 from ¥42,412,070.21 in Q1 2022, a reduction of 22.7%[46]. Asset Composition - Non-current assets totaled ¥8,042,437,045.05, an increase from ¥7,762,806,256.58[22]. - The company’s other non-current assets increased to ¥501,669,916.18 from ¥337,426,432.26[22]. - The company reported a decrease in accounts payable from ¥1,408,596,937.43 to ¥1,148,236,075.22[22]. - The company’s deferred tax assets decreased from ¥78,461,992.04 to ¥71,082,985.90[22]. - The company’s inventory increased to CNY 1.76 billion, up from CNY 1.51 billion, reflecting a growth of 16.7% year-over-year[41].