GZWRC(SH:600992)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 428,418,070.48, representing a decrease of 15.42% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 7,924,798.96, an increase of 58.60% year-on-year[5]. - The basic earnings per share for the period was CNY 0.0323, reflecting a growth of 58.33% compared to the previous year[5]. - Operating revenue for Q1 2023 was CNY 428,418,070.48, down 15.4% from CNY 506,530,890.56 in Q1 2022[16]. - The net profit for Q1 2023 was CNY 7,924,798.96, an increase of 58.5% compared to CNY 4,996,721.44 in Q1 2022[16]. - The company's basic and diluted earnings per share for Q1 2023 were both CNY 0.0323, compared to CNY 0.0204 in Q1 2022, reflecting a growth of 58.8%[17]. Cash Flow and Investments - Cash flow from operating activities increased by 100.71%, amounting to CNY 264,306.99, due to increased cash receipts from sales[7]. - The company's cash flow from operating activities generated a net cash flow of CNY 264,306.99 in Q1 2023, a significant improvement from a net outflow of CNY 37,309,230.00 in Q1 2022[19]. - Cash inflow from investment activities totaled $261,130,268.32, compared to $1,876,366.36 in the previous year, indicating a significant increase[20]. - Cash outflow for investments was $563,941,748.52, up from $404,129,526.31 year-over-year, reflecting increased investment activity[20]. - Net cash flow from investment activities was -$302,811,480.20, an improvement from -$402,253,159.95 in the prior year[20]. - Cash inflow from financing activities was $109,163,341.51, down from $146,866,061.76 year-over-year[20]. - Net cash flow from financing activities was $11,552,047.69, a decrease from $37,815,187.92 in the previous year[20]. - The net increase in cash and cash equivalents was -$290,618,976.75, compared to -$402,432,311.96 in the same period last year[20]. - The ending balance of cash and cash equivalents was $180,145,052.83, down from $281,772,286.78 year-over-year[20]. - Cash received from loans was $109,163,341.51, compared to $146,866,061.76 in the previous year, indicating a decrease in borrowing[20]. - Cash paid for debt repayment was $94,607,600.00, slightly down from $102,860,000.00 year-over-year[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,303,886,546.81, a decrease of 1.11% from the end of the previous year[6]. - The company's total assets as of March 31, 2023, amounted to CNY 3,303,886,546.81, a decrease from CNY 3,341,029,423.01 as of December 31, 2022, reflecting a decline of approximately 1.1%[14]. - The total current assets as of March 31, 2023, were CNY 1,756,788,903.29, a slight decrease from CNY 1,803,291,230.82 at the end of 2022[14]. - The total current liabilities decreased to CNY 1,448,046,970.94 as of March 31, 2023, from CNY 1,494,670,906.03 at the end of 2022, indicating a reduction of approximately 3.1%[15]. - The company's total liabilities as of March 31, 2023, were CNY 1,820,946,639.41, down from CNY 1,864,276,996.79 at the end of 2022, indicating a decrease of approximately 2.3%[15]. - The total non-current assets as of March 31, 2023, were CNY 1,547,097,643.52, a slight increase from CNY 1,537,738,192.19 at the end of 2022[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 47,254[10]. - The largest shareholder, Guizhou Steel Rope (Group) Co., Ltd., held 23.46% of the shares, totaling 57,489,818 shares[10]. Research and Development - Research and development expenses rose by 89.45%, indicating increased investment in R&D projects[7]. - Research and development expenses increased to CNY 8,732,114.43 in Q1 2023, up from CNY 4,609,271.37 in Q1 2022, representing an increase of 89.5%[16]. Miscellaneous - The weighted average return on net assets increased by 0.1942 percentage points to 0.5352%[6]. - The company did not apply new accounting standards or interpretations for the current year[20].