ZTGM(SH:603559)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥44,580,305.99, representing a decrease of 19.05% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥21,835,236.04, with a basic earnings per share of -¥0.15[3]. - Total revenue for Q1 2023 was CNY 44,580,305.99, a decrease of 19% compared to CNY 55,072,916.12 in Q1 2022[13]. - Net loss for Q1 2023 was CNY 21,843,295.04, compared to a net loss of CNY 15,637,138.08 in Q1 2022, indicating increased financial pressure[14]. - The total comprehensive income attributable to the parent company for Q1 2023 was -21,835,236.04 RMB, compared to -15,389,849.73 RMB in Q1 2022, indicating a decline of approximately 42.5% year-over-year[15]. - The basic earnings per share for Q1 2023 was -0.15 RMB, compared to -0.11 RMB in Q1 2022, indicating a worsening performance[15]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥17,265,634.27, indicating cash outflow[3]. - The net cash flow from operating activities for Q1 2023 was -17,265,634.27 RMB, a significant increase in losses compared to -245,970.26 RMB in Q1 2022[16]. - Cash inflow from operating activities totaled 116,222,770.92 RMB in Q1 2023, down 33.6% from 175,085,625.94 RMB in Q1 2022[16]. - Cash outflow from operating activities decreased to 133,488,405.19 RMB in Q1 2023 from 175,331,596.20 RMB in Q1 2022, reflecting a reduction of approximately 23.9%[16]. - The company reported a net cash flow from financing activities of 5,737,052.50 RMB in Q1 2023, a recovery from -46,746,577.37 RMB in Q1 2022[16]. - The cash and cash equivalents at the end of Q1 2023 were 18,025,569.02 RMB, down from 43,958,014.65 RMB at the end of Q1 2022, representing a decrease of approximately 59.0%[16]. - The company received 29,338,283.45 RMB in cash from borrowings in Q1 2023, an increase from 12,160,113.82 RMB in Q1 2022, showing a growth of approximately 141.5%[16]. Assets and Liabilities - Total assets increased by 3.57% to ¥1,288,698,261.22 compared to the end of the previous year[4]. - The total assets increased to CNY 1,288,698,261.22 in Q1 2023, compared to CNY 1,244,316,315.29 in Q1 2022, indicating growth in asset base[12]. - The company’s total liabilities rose to CNY 948,188,048.30 in Q1 2023, compared to CNY 882,092,786.67 in Q1 2022, reflecting higher financial obligations[11]. - Shareholders' equity attributable to the parent company decreased by 5.87% to ¥347,753,772.14[4]. - The company reported a significant increase in accounts payable, totaling CNY 313,526,742.46 in Q1 2023, compared to CNY 351,218,020.58 in Q1 2022[11]. - Inventory levels rose to CNY 612,158,741.49 in Q1 2023, up from CNY 565,047,636.14 in Q1 2022, suggesting potential overstock issues[10]. - The company’s retained earnings showed a negative balance of CNY -305,913,989.19 in Q1 2023, worsening from CNY -284,078,753.15 in Q1 2022, highlighting ongoing profitability challenges[12]. Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[8]. - There are no significant changes in the company's operational strategies or mergers and acquisitions mentioned in the report[8]. - Total operating costs for Q1 2023 were CNY 65,985,616.73, down from CNY 69,935,902.03 in Q1 2022, reflecting a cost reduction strategy[13]. - Research and development expenses were reported as CNY 0.00 in Q1 2023, a significant decrease from CNY 1,574,390.88 in Q1 2022, indicating a potential reduction in innovation efforts[13]. - The company’s cash flow management appears to be under pressure, with a notable increase in short-term borrowings to CNY 173,798,044.23 in Q1 2023 from CNY 156,408,496.52 in Q1 2022[10]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,562[6]. - The top shareholder, Wang Shichao, holds 5.20% of the shares, totaling 7,448,300 shares[6].