GZCBN(SH:600996)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 630,604,458.29, representing a year-on-year increase of 2.31%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 2,068,003.95, a decrease of 28.34% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was CNY 0.002, reflecting an 80% decline year-on-year[5] - Total operating revenue for Q1 2023 was RMB 630,604,458.29, an increase from RMB 616,340,349.87 in Q1 2022, representing a growth of approximately 2.05%[25] - Net profit for the first quarter of 2023 was CNY 1.95 million, slightly down from CNY 2.00 million in the first quarter of 2022, indicating a decrease of approximately 2.4%[28] - Total comprehensive income for Q1 2023 was CNY 1.96 million, down from CNY 2.43 million in Q1 2022, reflecting a decrease of about 19.5%[29] - The total profit for Q1 2023 is CNY 970,995.81, a decrease from CNY 2,681,685.87 in Q1 2022, representing a decline of approximately 63.8%[39] - The total comprehensive income for Q1 2023 is CNY 973,995.81, down from CNY 3,107,540.91 in Q1 2022, reflecting a decrease of about 68.7%[39] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 18,200,378,363.52, an increase of 1.01% from the end of the previous year[5] - As of March 31, 2023, total current assets amounted to RMB 5,829,581,212.10, compared to RMB 5,745,504,298.05 at the end of 2022, indicating a slight increase of about 1.47%[15] - The total liabilities increased to RMB 12,305,740,595.18 from RMB 12,139,469,148.08, marking an increase of approximately 1.37%[25] - Non-current assets totaled RMB 12,370,797,151.42 as of March 31, 2023, compared to RMB 12,273,048,164.26 at the end of 2022, indicating a growth of about 0.79%[18] - The total liabilities as of March 31, 2023, were CNY 9,223,402,668.97, slightly up from CNY 9,203,771,448.41 at the end of 2022[37] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 26,062,192.28, down by 5.82% year-on-year[5] - Cash flow from operating activities for Q1 2023 was CNY 41,584,638.42, compared to CNY 36,228,056.15 in Q1 2022, showing an increase of about 14.5%[39] - The net cash flow from financing activities was CNY 391,301,192.58, a significant improvement from a negative cash flow of CNY -372,561,323.52 in the same period last year[33] - The net cash flow from financing activities for Q1 2023 is CNY 163,889,203.72, contrasting with a net outflow of CNY 522,561,323.52 in Q1 2022, marking a significant turnaround[40] Expenses - The company experienced a 138.76% increase in operating expenses, primarily due to increased compensation payments[7] - Total operating costs for the first quarter of 2023 were approximately CNY 608.97 million, a decrease from CNY 742.92 million in the same period of 2022, representing a reduction of about 18%[28] - The company’s financial expenses decreased to CNY 59.36 million in Q1 2023 from CNY 75.35 million in Q1 2022, a reduction of approximately 21.3%[28] - Research and development expenses for Q1 2023 were CNY 2.77 million, down from CNY 3.46 million in Q1 2022, showing a decrease of approximately 20%[28] - Research and development expenses were significantly reduced to CNY 464,445.40 in Q1 2023 from CNY 1,294,981.09 in Q1 2022, a decrease of about 64.1%[38] Receivables and Inventory - Accounts receivable increased by 81.13% primarily due to an increase in commercial acceptance bills received[7] - Accounts receivable as of March 31, 2023, were RMB 3,031,938,024.00, down from RMB 3,112,235,334.45, showing a decrease of about 2.60%[15] - The inventory as of March 31, 2023, was RMB 160,272,699.27, down from RMB 194,194,063.23, indicating a decrease of approximately 17.43%[15] - The company's inventory decreased to CNY 145,974,799.79 from CNY 180,345,923.22, a reduction of approximately 19.0%[33] Cash and Equivalents - The company's cash and cash equivalents decreased to RMB 213,550,222.55 from RMB 260,106,336.85, reflecting a decline of approximately 17.88%[15] - The company's cash and cash equivalents decreased to CNY 164,571,592.90 from CNY 836,922,286.83 year-over-year, a decline of approximately 80.3%[33] - Cash and cash equivalents at the end of Q1 2023 amount to CNY 115,994,343.25, compared to CNY 360,133,924.31 at the end of Q1 2022, a decline of approximately 67.7%[40]