ECH(SH:603200)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥117,427,338.53, representing a decrease of 14.02% compared to the same period last year[5] - The net profit attributable to shareholders was ¥10,950,025.83, down 40.65% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,954,877.26, a decline of 56.91% compared to the previous year[5] - The basic and diluted earnings per share were both ¥0.06, reflecting a decrease of 45.45%[6] - Total operating revenue for Q1 2023 was CNY 117,427,338.53, a decrease of 13.97% compared to CNY 136,582,011.96 in Q1 2022[26] - Total operating costs for Q1 2023 were CNY 106,682,050.22, down 10.14% from CNY 118,702,846.72 in Q1 2022[26] - Net profit for Q1 2023 was CNY 12,007,820.50, a decline of 30.25% from CNY 17,150,391.75 in Q1 2022[27] - The total comprehensive income for Q1 2023 was CNY 12,011,205.72, a decrease from CNY 16,717,480.61 in Q1 2022[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,364,119,702.22, a decrease of 0.65% from the end of the previous year[6] - The company's total assets amounted to CNY 1,364,119,702.22, slightly down from CNY 1,373,105,249.92 at the end of Q1 2022[25] - Total liabilities decreased to CNY 389,910,141.87 from CNY 422,283,680.96 in the previous year, reflecting a reduction of 7.66%[24] - The total equity attributable to shareholders increased to CNY 900,726,736.61 from CNY 880,946,539.89 in the previous year[25] - The company's accounts receivable stood at RMB 332.89 million, down from RMB 360.24 million at the end of 2022, indicating a reduction of about 7.6%[22] Cash Flow - The net cash flow from operating activities was -¥55,485,957.14, indicating a significant cash outflow[5] - Net cash flow from operating activities was -CNY 55,485,957.14, worsening from -CNY 18,074,049.96 in the same period last year[30] - Cash and cash equivalents at the end of Q1 2023 were CNY 132,227,028.03, down from CNY 201,440,404.88 at the end of Q1 2022[31] - Cash inflow from financing activities was CNY 82,797,036.12, an increase from CNY 48,141,296.15 in Q1 2022[30] - Total cash outflow from investing activities was CNY 126,763,414.17, significantly higher than CNY 1,158,078.37 in Q1 2022[30] - The company received CNY 15,494,001.44 from investment activities, compared to CNY 8,150,000.00 in the previous year[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,269[12] - The largest shareholder, Wang Wei, held 42.00% of the shares, with 17,232,750 shares pledged[12] - The first exercise period of the 2021 stock option incentive plan was completed, resulting in the transfer of 677,146 shares, increasing the total share capital to 174,292,973 shares[16] Research and Development - The company completed the production of multiple batches of oxide solid electrolyte powder materials, achieving high purity and excellent ionic conductivity, with ongoing sample deliveries to potential customers[20] - The company has designed an industrial production line for CMC-Li and is currently preparing for environmental and safety assessments, as well as equipment procurement[20] - The company is advancing the industrial preparation and testing of silicon-carbon and hard carbon anodes, with testing results meeting expectations[20] - The company has not yet generated effective revenue from its new materials business, which does not impact the performance for the reporting period[20] - Research and development expenses rose to CNY 8,045,168.94, up from CNY 6,814,334.26 in Q1 2022, indicating a 18.06% increase[26] Investment Activities - The cash received from investment activities was ¥120 million, primarily due to the purchase of financial products[10] - The company plans to raise up to RMB 700 million through a non-public offering of A-shares, with proceeds allocated for production and R&D base construction and working capital[17] - The company plans to continue its investment strategy, with CNY 120,000,000.00 allocated for new investments in Q1 2023[30] Other Financial Metrics - The weighted average return on equity was 1.23%, a decrease of 0.96 percentage points from the previous year[6] - The company reported a credit impairment loss of CNY -3,669,334.98, worsening from CNY -1,983,969.75 in Q1 2022[27] - The company incurred a foreign exchange loss of CNY 625,255.99 during the quarter[31]