ZPEC(SH:603619)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥898,474,432.39, representing a 48.93% increase compared to ¥603,285,892.87 in the same period last year[5]. - Net profit attributable to shareholders was ¥212,471,457.56, a significant increase of 193.20% from ¥72,664,278.76 year-on-year[6]. - Basic and diluted earnings per share were both ¥0.53, reflecting a 194.44% increase compared to ¥0.18 in the previous year[6]. - Total operating revenue for Q1 2023 reached ¥898,474,432.39, a significant increase of 48.93% compared to ¥603,285,892.87 in Q1 2022[22]. - Net profit for Q1 2023 was ¥212,208,732.66, representing a 193.36% increase from ¥72,353,785.75 in Q1 2022[23]. - The total comprehensive income for Q1 2023 was CNY 212,208,732.66, compared to CNY 72,353,785.75 in Q1 2022, representing a significant increase[24]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.53, up from CNY 0.18 in Q1 2022, indicating a growth of 194.44%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,327,394,246.54, up 2.42% from ¥7,154,512,927.63 at the end of the previous year[6]. - Total assets as of Q1 2023 amounted to ¥7,327,394,246.54, up from ¥7,154,512,927.63 in the previous year[21]. - Total liabilities decreased to ¥4,779,043,083.86 in Q1 2023 from ¥4,856,697,647.67 in Q1 2022, reflecting a reduction of 1.59%[20]. - The company's equity attributable to shareholders was approximately $2.30 billion, with retained earnings of $842.87 million[34]. - Accounts receivable stood at approximately $566.23 million, while inventory was valued at approximately $501.43 million[32]. Cash Flow - The company's net cash flow from operating activities was ¥298,278,047.97, an increase of 3.73% from ¥287,545,287.70 in the same period last year[6]. - The net cash flow from operating activities increased by 3.73% compared to the same period last year, reaching 3.73 million RMB, primarily due to increased sales collections and higher operational procurement expenses[12]. - Cash inflow from operating activities in Q1 2023 was CNY 1,226,601,452.84, compared to CNY 752,998,538.13 in Q1 2022, reflecting a year-over-year increase of 63.00%[27]. - Cash outflow from operating activities in Q1 2023 totaled CNY 928,323,404.87, up from CNY 465,453,465.20 in Q1 2022, marking an increase of 99.40%[27]. - The net increase in cash and cash equivalents for Q1 2023 was CNY -22,548,238.12, contrasting with an increase of CNY 135,014,838.09 in Q1 2022[28]. - The ending balance of cash and cash equivalents as of March 31, 2023, was CNY 437,080,012.13, compared to CNY 232,132,655.34 at the end of Q1 2022, representing an increase of 88.56%[28]. Expenses and Investments - Research and development expenses increased by 56.09% compared to the previous year, indicating a focus on innovation and new technology[11]. - Research and development expenses rose to ¥27,715,077.23 in Q1 2023, up from ¥17,755,388.98 in Q1 2022, indicating a 56.31% increase[22]. - The company experienced a 50.27% rise in selling expenses, mainly due to increased salaries and travel expenses for sales personnel[11]. - The net cash flow from investing activities surged by 216.04% year-on-year, amounting to 216.04 million RMB, mainly due to increased investments in the exploration sector during the reporting period[12]. - The company has a long-term investment in equity instruments valued at approximately $140.18 million, reflecting its strategic investment approach[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,409, with the top ten shareholders holding significant stakes[14]. - Shanghai Zhongman Investment Holding Co., Ltd. held 106,369,800 shares, representing 26.59% of the total shares, with a substantial portion pledged[15]. - Zhu Fengxue and Li Yuchi are identified as the common actual controllers of the company, maintaining a high degree of consistency in exercising shareholder rights[16]. Accounting and Standards - The company has implemented new accounting standards starting January 1, 2023, which may affect the financial statements retrospectively[29]. - The company is focused on maintaining a strong balance sheet with a total equity of approximately $2.30 billion, ensuring financial stability for future growth[34].