ZZEPC(SH:600023)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥17,649,256,075.35, representing a decrease of 3.64% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company reached ¥1,010,519,269.71, an increase of 61.19% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥834,182,138.35, up 98.01% from the previous year[4] - Basic earnings per share for the period was ¥0.08, an increase of 60% year-on-year[5] - Total operating revenue for Q1 2023 was CNY 17.65 billion, a decrease of 3.63% from CNY 18.32 billion in Q1 2022[19] - Net profit for Q1 2023 reached CNY 1.06 billion, an increase of 103.57% compared to CNY 520.28 million in Q1 2022[20] - Comprehensive income for Q1 2023 totaled CNY 942.70 million, compared to CNY 676.47 million in Q1 2022, reflecting a growth of 39.23%[21] - The net profit for Q1 2023 reached ¥980,855,886.94, representing an increase of about 14.4% from ¥857,613,011.40 in Q1 2022[27] - The total comprehensive income for Q1 2023 was ¥860,694,935.58, down from ¥1,013,859,384.11 in Q1 2022, indicating a decline of approximately 15.1%[28] Cash Flow - The net cash flow from operating activities was negative at -¥1,281,505,859.93, a decrease of 655.66% compared to the same period last year[4] - Cash flow from operating activities showed a net outflow of CNY 1.28 billion in Q1 2023, compared to a net inflow of CNY 230.63 million in Q1 2022[22] - The cash flow from operating activities showed a net outflow of ¥149,130,230.41 in Q1 2023, an improvement from a net outflow of ¥633,212,084.38 in Q1 2022[29] - The cash flow from investing activities resulted in a net outflow of ¥2,639,211,489.10 in Q1 2023, compared to a net inflow of ¥2,331,719,267.42 in Q1 2022[30] - The total cash inflow from financing activities was 12,223,681,499.50 RMB, an increase of 7,854,937,903.51 RMB year-over-year[23] - The net cash flow from financing activities was 4,042,591,611.48 RMB, up from 1,552,152,358.88 RMB in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥140,980,760,593.39, reflecting a growth of 16.52% from the end of the previous year[5] - The company's total current assets reached RMB 39.79 billion, an increase of 33.8% from RMB 29.74 billion on December 31, 2022[15] - The company's total liabilities increased to RMB 67.59 billion, up 26.5% from RMB 53.43 billion at the end of 2022[18] - The total assets of the company reached RMB 140.98 billion, representing a growth of 16.5% from RMB 120.99 billion at the end of 2022[18] - The company's total equity reached RMB 73.39 billion, up 8.6% from RMB 67.56 billion at the end of 2022[18] - The company's total assets at the end of Q1 2023 were ¥1,539,045,136.28, a decrease from ¥4,851,295,774.12 at the end of Q1 2022[30] Shareholder Information - The top shareholder, Zhejiang Energy Group Co., Ltd., holds 69.45% of the shares, totaling 9,312,667,001 shares[9] Investments and Acquisitions - The company acquired a 9.70% stake in Suzhou Zhonglai Photovoltaic New Materials Co., Ltd., becoming its controlling party with a total voting power of 19.70%[13] Research and Development - R&D expenses increased to CNY 52.20 million in Q1 2023, up 68.73% from CNY 30.91 million in Q1 2022[20] - Research and development expenses for Q1 2023 were ¥550,188.66, significantly higher than ¥23,805.31 in Q1 2022, indicating a focus on innovation[27] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]