GZRS(SH:600367)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥479,883,071.21, representing a decrease of 30.73% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥6,414,060.22, a decline of 107.06% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥14,165,725.39, down 116.65% from the previous year[6]. - Basic earnings per share were -¥0.02, reflecting a decrease of 106.45% compared to the same period last year[6]. - The company's operating profit for Q1 2023 was a loss of ¥3,430,697.70, a significant decline from a profit of ¥116,858,273.67 in Q1 2022[29]. - The company’s total comprehensive income for Q1 2023 was a loss of ¥5,858,042.95, compared to a gain of ¥97,920,964.26 in Q1 2022[30]. - The net profit for the transition period of Hongdie New Materials was reported at -RMB 853,425.36[19]. Revenue and Costs - Total operating revenue for Q1 2023 was ¥479,883,071.21, a decrease of 30.7% compared to ¥692,734,063.63 in Q1 2022[28]. - Total operating costs for Q1 2023 were ¥487,245,290.15, down 14.8% from ¥571,648,144.52 in Q1 2022[28]. - The decline in revenue was primarily due to lower sales prices of key products such as barium carbonate and manganese sulfate, influenced by market factors[12]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,810,406,879.84, a decrease of 1.83% from the end of the previous year[6]. - Total liabilities as of Q1 2023 amounted to ¥880,063,614.23, a decrease from ¥928,646,160.52 in the previous period[24]. - Total equity for Q1 2023 was ¥1,930,343,265.61, slightly down from ¥1,934,214,172.88 in the previous period[24]. - As of March 31, 2023, total current assets amount to RMB 1,483,724,395.06, a decrease from RMB 1,576,667,697.96 at the end of 2022[22]. - Total assets as of March 31, 2023, are RMB 2,810,406,879.84, down from RMB 2,862,860,333.40 at the end of 2022[22]. Cash Flow - The cash flow from operating activities was ¥8,119,917.84, a decrease of 15.74% compared to the previous year[6]. - In Q1 2023, the cash inflow from operating activities was CNY 403,668,986.27, a decrease of 22.3% compared to CNY 519,377,527.06 in Q1 2022[33]. - The net cash flow from operating activities was CNY 8,119,917.84, down from CNY 9,636,805.99 in the same period last year, reflecting a decline of 15.7%[34]. - Cash inflow from financing activities totaled CNY 14,643,832.00, down 60.2% from CNY 36,800,000.00 in Q1 2022[35]. - The ending cash and cash equivalents balance was CNY 380,695,406.43, down from CNY 442,602,146.16 at the end of Q1 2022, reflecting a decline of 14.0%[35]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 49,101[15]. - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., holds 105,067,336 shares, accounting for 35.83% of total shares[15]. Strategic Developments - The company completed the acquisition of 75% of Qingdao Hongdie New Materials Co., Ltd. on November 30, 2022, leading to adjustments in the previous year's quarterly data[6]. - The company plans to enhance independence and governance by reducing related party transactions with Hongxing Group[17]. - The company aims to improve its risk resistance and brand effect through this acquisition strategy[17]. - The company reported a significant increase in research and development expenses, totaling ¥4,768,760.98 in Q1 2023, compared to ¥4,153,331.31 in Q1 2022[28]. Other Income and Expenses - The company received various government subsidies totaling ¥9,316,825.48, which were included in the current period's profit and loss[9]. - Other income for Q1 2023 was ¥10,079,455.54, up from ¥2,437,979.12 in Q1 2022[28]. - Cash outflow for purchasing goods and services was CNY 236,374,654.27, a decrease of 31.6% from CNY 345,691,582.36 in Q1 2022[33]. - Total cash outflow for employee compensation was CNY 100,583,374.00, slightly up from CNY 99,447,954.76 in the same quarter last year[34]. - The company reported a cash outflow of CNY 36,040,409.66 for the acquisition of fixed assets, significantly higher than CNY 7,629,207.41 in Q1 2022, indicating increased investment in long-term assets[34].