ZLC(SH:600818)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥132,085,351.21, representing a decrease of 3.87% compared to the same period last year [5] - The net profit attributable to shareholders was ¥717,672.83, down 43.07% year-on-year [5] - The basic earnings per share decreased by 50.00% to ¥0.002 [5] - Total operating revenue for Q1 2022 was CNY 132,085,351.21, a decrease of 3.3% compared to CNY 137,406,559.60 in Q1 2021 [18] - Net profit for Q1 2022 was CNY -2,641,732.10, compared to a net loss of CNY -1,378,809.12 in Q1 2021 [20] - Operating profit for Q1 2022 was CNY 1,096,463.10, a significant improvement from a loss of CNY -208,890.30 in Q1 2021 [19] - The net profit for Q1 2022 reached CNY 1,640,361.14, significantly up from CNY 449,667.48 in Q1 2021, representing a growth of 264.5% [29] - The operating profit for Q1 2022 was CNY 2,414,370.09, compared to CNY 977,197.28 in Q1 2021, indicating an increase of 146.1% [28] - Basic earnings per share for Q1 2022 were CNY 0.002, down from CNY 0.004 in Q1 2021 [20] - The company reported a basic and diluted earnings per share of CNY 0.005 for Q1 2022, compared to CNY 0.001 in Q1 2021, marking a 400% increase [29] Assets and Liabilities - Total assets increased by 4.82% to ¥975,173,096.94 compared to the end of the previous year [5] - The company's total assets as of March 31, 2022, were RMB 975,173,096.94, compared to RMB 930,296,132.12 at the end of 2021, reflecting a growth of approximately 5% [15] - The total current assets reached RMB 282,742,587.68, up from RMB 217,082,268.92 at the end of 2021, indicating an increase of about 30% [14] - The total liabilities as of Q1 2022 were CNY 291,351,714.71, an increase from CNY 243,833,017.79 in the previous year [19] - The total liabilities increased to 224,702,199.32 RMB from 212,813,282.29 RMB, representing a rise of about 5.5% [27] - The company's long-term equity investments decreased slightly to RMB 63,926,812.37 from RMB 65,042,727.12, a decline of about 1.7% [15] - The company's long-term equity investments decreased slightly to 418,685,293.46 RMB from 419,801,208.21 RMB [26] Cash Flow - Cash flow from operating activities was ¥39,294,591.23, with a significant increase in cash received from sales of goods and patent licensing [6] - The net cash flow from operating activities was 39,294,591.23 RMB, a significant improvement compared to -28,518,103.99 RMB in the previous year [24] - Cash inflow from operating activities in Q1 2022 was CNY 203,788,335.08, up from CNY 163,127,368.99 in Q1 2021 [23] - The net cash flow from operating activities for Q1 2022 was CNY 15,978,921.52, a turnaround from a negative cash flow of CNY -1,480,249.98 in Q1 2021 [30] - The cash outflow from investing activities was 16,452,113.69 RMB, compared to 7,190,738.53 RMB in the previous year, showing a significant increase in investment spending [24] - The net cash flow from financing activities was -2,628,580.82 RMB, a decrease from -29,190,332.97 RMB, indicating improved cash management [24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,515 [9] - The largest shareholder, Shanghai Zhonglu (Group) Co., Ltd., held 30.51% of the shares, with a significant portion pledged [9] Government and Contracts - The company recorded a government subsidy increase of 645.68% [6] - The company received a deposit of RMB 20,000,000 from BoNeng Technology for the authorization of offshore wind energy patents, with a total contract value of RMB 70,000,000 [12] - The company reported a 210.23% increase in contract liabilities, indicating a rise in prepayments for goods and patent licensing [6] - The company's contract liabilities surged to RMB 52,129,450.58, a significant increase from RMB 16,803,392.93, marking a rise of approximately 210% [15] Research and Development - Research and development expenses increased to CNY 8,540,441.66 in Q1 2022, compared to CNY 6,986,994.12 in Q1 2021, reflecting a growth of 22.2% [19] - Research and development expenses increased to CNY 486,328.05 in Q1 2022, up from CNY 216,290.73 in Q1 2021, reflecting a growth of 125.0% [28] Operational Developments - The company has completed the construction of all foundation works for the high-altitude wind power project and aims to commence operations within the year, contributing to the "2030 carbon peak" and "2060 carbon neutrality" goals [11] - The company is actively working with China Energy Construction Group to expedite the installation and commissioning of equipment for the wind power project, overcoming challenges posed by the pandemic [11]