CCEGC(600939)2023-04-27 16:00Financial Performance - Total operating revenue for Q1 2023 was CNY 11,006,539,370.57, a decrease of 19.12% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 57,958,289.89, down 36.00% year-on-year[5] - Basic earnings per share for the period was CNY 0.03, reflecting a decrease of 8.72%[6] - Operating profit for Q1 2023 was CNY 86,723,674.53, down 27.0% from CNY 118,939,747.40 in Q1 2022[18] - The total comprehensive income for Q1 2023 was CNY 60,296,042.95, down 34.6% from CNY 92,220,806.45 in Q1 2022[18] - The net profit for Q1 2023 was a loss of CNY 18,845,450.24, compared to a profit of CNY 6,834,462.80 in Q1 2022, indicating a significant decline in profitability[26] - The total comprehensive income for Q1 2023 was a loss of CNY 18,541,276.71, contrasting with a gain of CNY 6,218,219.88 in Q1 2022[27] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,828,181,885.97, indicating a significant cash outflow[6] - Cash inflow from operating activities totaled CNY 1,932,670,014.20 in Q1 2023, down from CNY 2,647,534,949.91 in Q1 2022, reflecting a decrease of approximately 27%[27] - The company reported a net cash outflow of CNY 1.33 billion in Q1 2023, compared to a net outflow of CNY 1.39 billion in Q1 2022, indicating improved cash management[20] - Cash outflow for purchasing goods and services was CNY 12.10 billion in Q1 2023, down from CNY 15.99 billion in Q1 2022, a decrease of about 24.1%[20] - Cash inflow from financing activities increased significantly to CNY 3.57 billion in Q1 2023 from CNY 1.97 billion in Q1 2022, an increase of approximately 81.5%[20] - The company experienced a net decrease in cash and cash equivalents of -258,283,786.78, compared to -585,440,951.81 in the previous year[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 80,725,141,611.47, a decrease of 1.64% from the previous year[6] - Total liabilities decreased to CNY 71,719,422,936.17 in Q1 2023 from CNY 72,815,851,883.47 in Q1 2022, a reduction of 1.5%[17] - The total current liabilities increased to CNY 49,000,000,000, reflecting a rise from the previous period, indicating a growing financial obligation[15] - The total liabilities decreased to CNY 22,616,419,010.18 in Q1 2023 from CNY 24,127,130,935.41 in Q1 2022, reflecting a reduction of approximately 6.3%[24] - The total equity attributable to shareholders decreased to CNY 8,682,183,600.54 in Q1 2023 from CNY 8,928,248,284.51 in Q1 2022, a decline of 2.8%[17] Shareholder Information - The top shareholder, Chongqing Construction Investment Holding Co., Ltd., holds 44.40% of shares, with 412,000,000 shares pledged[10] - The total number of ordinary shareholders at the end of the reporting period was 48,299[10] Operational Efficiency - The company plans to continue focusing on cost control and operational efficiency to enhance future profitability[19] - Research and development expenses were CNY 18,901,671.99 in Q1 2023, a decrease of 21.5% compared to CNY 24,142,273.30 in Q1 2022[17] - The total cost of operations for Q1 2023 was CNY 10,945,264,018.06, down 18.1% from CNY 13,400,937,035.85 in Q1 2022[17] Governance and Strategy - The company completed the board and supervisory board re-election on March 29, 2023, indicating a strategic governance update[13] - The company has not disclosed any significant new product developments or market expansion strategies in the current report[13]