ZWSOFT(SH:688083)2023-04-28 16:00Financial Performance - The company reported a basic earnings per share of -0.20 CNY and a weighted average return on equity of -0.65%[5] - Total operating revenue for Q1 2023 reached ¥115,609,098.28, an increase from ¥86,262,394.84 in Q1 2022, representing a growth of approximately 34%[24] - The company reported a net comprehensive loss of ¥18,348,067.10 for Q1 2023, compared to a loss of ¥19,715,744.72 in Q1 2022, showing a slight improvement[22] - Basic earnings per share for Q1 2023 were -¥0.20, compared to -¥0.23 in Q1 2022, reflecting a reduction in loss per share[22] - The net profit for Q1 2023 was -¥18,369,687.69, an improvement from -¥19,714,180.11 in Q1 2022, indicating a reduction in losses by approximately 6.8%[27] - The total profit (loss) before tax for Q1 2023 was -¥21,482,408.24, slightly better than -¥22,083,254.50 in Q1 2022, reflecting a reduction in losses by about 2.7%[27] - The net profit attributable to shareholders was CNY -17,669,708.67, indicating a loss[40] Revenue and Growth - Overseas business revenue grew by 83.45% year-on-year, driven by increased overseas travel and support for global distributors[6] - Operating revenue from sales of goods and services increased to ¥121,534,829.76 in Q1 2023, up from ¥99,379,004.24 in Q1 2022, representing a growth of about 22.3%[29] - Domestic education business revenue grew by 28.08% compared to the same period last year, reflecting steady progress in the education sector[42] - The domestic commercial business revenue increased by 23.68% year-on-year, driven by improved customer service and market penetration strategies[55] - The company achieved operating revenue of CNY 115,609,098.28, representing a year-on-year increase of 34.02%[40] Research and Development - Total R&D investment reached approximately 82.08 million CNY, accounting for 71.00% of operating revenue, an increase of 1.13 percentage points year-on-year[5] - R&D expenses increased by 48.09% compared to the previous year, reflecting the company's commitment to enhancing product quality and expanding its product matrix[11] - Research and development expenses rose to ¥78,275,208.30 in Q1 2023, compared to ¥52,857,329.24 in Q1 2022, marking an increase of approximately 48.4%[27] - The company maintained a high R&D investment ratio, leading to revenue growth across its 2D CAD, 3D CAD, and CAE product lines[56] - The company plans to continue focusing on the "All-in-One CAx strategy" to drive product development and business expansion in 2023[55] Expenses and Liabilities - Total operating costs for Q1 2023 were ¥178,889,367.73, up from ¥130,741,772.04 in Q1 2022, indicating an increase of about 37%[24] - Sales expenses rose by 25.36% year-on-year due to deeper integration of channel resources and expansion of cooperation with major clients[11] - The company incurred sales expenses of ¥77,492,749.72 in Q1 2023, up from ¥61,818,050.29 in Q1 2022, which is an increase of approximately 25.3%[27] - Total liabilities decreased to ¥302,605,768.84 in Q1 2023 from ¥402,934,639.33 in Q1 2022, a reduction of about 25%[24] - The company has a strategy to manage its liabilities effectively, as evidenced by the significant reduction in total liabilities year-over-year[24] Cash Flow and Assets - Cash and cash equivalents decreased to approximately 340.26 million CNY from 486.99 million CNY at the end of the previous year[15] - The total cash outflow from operating activities was ¥284,969,513.87 in Q1 2023, compared to ¥215,534,087.45 in Q1 2022, reflecting an increase of about 32.2%[32] - Cash and cash equivalents at the end of Q1 2023 stood at ¥340,169,532.49, up from ¥296,481,863.26 at the end of Q1 2022, showing an increase of approximately 14.7%[32] - The company reported a net cash outflow from investment activities of -¥11,196,563.01 in Q1 2023, an improvement from -¥100,257,810.17 in Q1 2022[32] - The total cash inflow from investment activities was ¥1,279,556,519.76 in Q1 2023, compared to ¥1,177,262,371.38 in Q1 2022, indicating an increase of about 8.7%[32] Strategic Initiatives - The company aims to support domestic industrial upgrades and address core technology challenges through continuous product iteration and sustainable business growth[8] - The company has increased the number of overseas stationed employees to enhance technical support for global distributors[6] - The company launched the Cloud3D assembly design module, enhancing its cloud-based 3D design capabilities[44] - The company is committed to enhancing its product and technology offerings to support sustainable growth in performance[44] - The company signed a joint venture agreement with Sujiao Group to develop domestic 3D BIM solutions for the municipal transportation sector, aiming for high-quality sustainable development in the industry[65] - The company led the establishment of the Guangdong Industrial Software Innovation Center in Guangzhou, focusing on key core technology breakthroughs in industrial software and building a sustainable industrial software ecosystem[65] Tax and Refunds - The value-added tax refund related to software products amounted to 6,927,476.11, directly linked to the company's regular sales activities[67]