ZPEC(603637)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 134,568,812.84, a decrease of 13.35% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 19,700,643.72, representing an increase of 46.20% year-on-year[5] - Basic earnings per share increased by 33.33% to CNY 0.08[6] - The company reported a net profit of RMB 4,821,439.06 for Q1 2023, compared to a net profit of RMB 14,610,123.86 in Q1 2022[20] - The net profit for Q1 2023 was CNY 19,700,643.72, an increase of 46.5% compared to CNY 13,474,867.20 in Q1 2022[22] - Operating profit for Q1 2023 reached CNY 21,513,814.08, up 40.9% from CNY 15,262,377.32 in the same period last year[22] - The total revenue from sales of goods and services in Q1 2023 was CNY 169,001,144.70, up from CNY 105,199,041.65 in Q1 2022, marking a growth of 60.8%[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,369,119,342.01, down 2.96% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 1,369,119,342.01, down from RMB 1,410,942,983.38 at the end of 2022[18] - Total liabilities decreased to RMB 458,503,752.03 from RMB 520,028,037.12 year-over-year[17] - The total liabilities decreased to ¥452,431,947.28 in Q1 2023 from ¥513,807,582.38 in Q4 2022, reflecting a reduction of 11.93%[29] Cash Flow - The cash flow from operating activities was CNY 1,105,410.44, with no applicable year-on-year comparison[5] - Cash flow from operating activities generated a net inflow of CNY 1,105,410.44, a significant recovery from a net outflow of CNY 116,821,218.29 in Q1 2022[25] - The total cash inflow from investment activities was CNY 151,266,575.34, while cash outflow was CNY 30,832,485.48, resulting in a net cash inflow of CNY 120,434,089.86[25] - The cash inflow from operating activities for Q1 2023 showed a positive trend, indicating improved liquidity management[34] - The net cash flow from operating activities turned positive at 116.6 million in the same quarter last year[35] - The total net increase in cash and cash equivalents for the quarter was 122.0 million in Q1 2022[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,841[12] - The largest shareholder, Ningbo Shuntong Group Co., Ltd., holds 40,279,836 shares, accounting for 16.53% of the total shares[12] Research and Development - Research and development expenses for Q1 2023 were RMB 3,877,446.44, a decrease from RMB 4,252,091.64 in Q1 2022[20] - Research and development expenses for Q1 2023 were ¥3,877,446.44, slightly down from ¥4,252,091.64 in Q1 2022[31] Government Support - The company received government subsidies amounting to CNY 11,206,335.53, closely related to its normal business operations[9] Financial Management - The company incurred financial expenses of CNY -4,789,950.46 in Q1 2023, a decrease from CNY -5,205,455.38 in Q1 2022[21] - The investment income for Q1 2023 was CNY 999,739.56, compared to CNY 728,287.63 in Q1 2022, indicating a growth of 37.2%[21] - The company reported a significant decrease in credit impairment losses, which were CNY 5,486,299.93 in Q1 2023, compared to a loss of CNY -783,369.70 in Q1 2022[21] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[34]