ZCE(SH:600121)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,178,205,031.41, representing a year-on-year increase of 7.85%[6] - The net profit attributable to shareholders was CNY 64,675,099.55, reflecting a growth of 28.44% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 61,564,803.86, an increase of 32.78% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.0531, up 28.57% from the previous year[6] - Operating profit for Q1 2023 was ¥160,927,442.64, up 7.29% from ¥149,744,577.07 in Q1 2022[23] - Net profit for Q1 2023 was ¥120,417,831.22, representing an increase of 9.88% compared to ¥109,877,928.85 in Q1 2022[23] - Total profit for Q1 2023 was ¥162,825,562.86, an increase of 6.67% from ¥152,557,999.75 in Q1 2022[23] Cash Flow - The net cash flow from operating activities decreased by 66.16% to CNY 111,295,173.42, primarily due to increased cash expenditures for raw materials and labor[10] - Net cash flow from operating activities for Q1 2023 was $111,295,173.42, compared to $328,891,590.81 in Q1 2022, indicating a decrease of approximately 66.2%[25] - Cash inflow from operating activities was ¥1,213,035,128.66 in Q1 2023, slightly down from ¥1,218,203,184.74 in Q1 2022[24] - Cash outflow for operating activities totaled ¥1,101,739,955.24 in Q1 2023, compared to ¥889,311,593.93 in Q1 2022, indicating a significant increase in cash outflows[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,026,855,037.22, a 0.76% increase from the end of the previous year[7] - The company's total liabilities as of March 31, 2023, were RMB 11,202,323,350.52, slightly decreasing from RMB 11,228,314,587.89 at the end of 2022, indicating a reduction of about 0.23%[19] - The company's cash and cash equivalents stood at RMB 3,815,781,532.25, showing a marginal decrease from RMB 3,816,223,856.25 at the end of 2022[17] - Accounts receivable decreased to RMB 948,719,720.52 from RMB 984,249,508.18, representing a decline of approximately 3.61%[17] - The company's inventory decreased to RMB 153,913,402.86 from RMB 167,081,887.77, a reduction of about 8.00%[17] - The company's short-term borrowings decreased to RMB 2,441,930,560.50 from RMB 2,585,750,562.50, a decline of about 5.56%[18] - The company's long-term investments decreased to RMB 433,135,978.14 from RMB 451,270,526.02, indicating a decrease of approximately 4.02%[17] - The company's total current liabilities amounted to RMB 10,266,280,846.16, down from RMB 10,407,209,403.79, a decrease of about 1.36%[19] Shareholder Information - Shareholders' equity attributable to the parent company rose by 4.85% to CNY 1,728,083,784.89[7] - The top shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 51.91% of the shares, with a significant portion pledged[13] - The total equity attributable to shareholders increased to RMB 1,728,083,784.89 from RMB 1,648,098,406.73, reflecting a growth of approximately 4.86%[19] Non-Recurring Items - The company reported non-recurring gains of CNY 3,110,295.69, primarily from government subsidies related to capacity reduction[9] - The company experienced an investment loss of ¥18,134,547.88 in Q1 2023, contrasting with a profit of ¥5,600,470.35 in Q1 2022[22] Management and Reporting - The company did not apply new accounting standards or interpretations for the first quarter of 2023[26] - The report was presented by the company’s management, including the head of accounting and the accounting institution head[26] - The board of directors of Zhengzhou Coal Electricity Co., Ltd. announced the financial results on April 29, 2023[27]