TZTEK(SH:688003)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥181,954,357.87, representing a year-on-year increase of 28.47%[5] - The net profit attributable to shareholders was -¥33,440,553.35, with a net profit excluding non-recurring gains and losses of -¥36,409,377.44[5] - The net loss for Q1 2023 was ¥33,440,553.35, slightly improved from a net loss of ¥33,580,391.66 in Q1 2022[22] - The total comprehensive loss for Q1 2023 was ¥32,832,475.26, an improvement from a loss of ¥38,130,194.36 in Q1 2022[22] - The net loss for the first quarter of 2023 was RMB 40,023,602.55, compared to a net loss of RMB 27,129,291.80 in the same period of 2022, indicating a deterioration in profitability[30] Cash Flow - The cash flow from operating activities was -¥83,927,792.37, indicating a significant cash outflow[6] - The company reported a net cash outflow from operating activities of ¥83,927,792.37, compared to a larger outflow of ¥176,757,124.09 in the same period last year[25] - The company's cash flow from operating activities increased significantly, with cash received from operating activities rising to RMB 373,494,831.28 in the first quarter of 2023 compared to RMB 183,057,770.48 in the first quarter of 2022[32] - The net cash flow from operating activities was -$120.44 million, an improvement from -$223.92 million in the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,031,980,477.56, an increase of 3.55% from the end of the previous year[6] - Total current assets reached CNY 2,016,436,160.34, an increase of 4.6% from CNY 1,927,330,814.88 at the end of 2022[15] - Total liabilities increased to CNY 1,370,426,321.81 from CNY 1,244,193,038.01 at the end of 2022, reflecting a rise of 10.2%[17] - The company's total assets as of March 31, 2023, were CNY 3,031,980,477.56, up from CNY 2,928,105,523.17 at the end of 2022, indicating a growth of 3.5%[16] - The company's total current liabilities decreased to RMB 990,625,924.53 as of March 31, 2023, down from RMB 1,065,867,201.28 at the end of 2022, a reduction of approximately 7.0%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,224[10] - The largest shareholder, Suzhou Qingyi Investment Co., Ltd., held 24.65% of the shares[10] Research and Development - Research and development expenses totaled ¥74,841,928.42, accounting for 41.13% of operating revenue, a decrease of 8.16 percentage points compared to the previous year[6] - Research and development expenses were ¥55,917,924.82, slightly up from ¥54,160,819.21 in Q1 2022, indicating continued investment in innovation[21] - Research and development expenses for the first quarter of 2023 were RMB 47,854,859.43, slightly up from RMB 45,581,848.32 in the first quarter of 2022, reflecting a focus on innovation[29] Financing Activities - The company raised ¥231,825,625.00 through borrowings in Q1 2023, compared to ¥30,000,000.00 in Q1 2022, indicating increased financing activity[26] - Cash flow from financing activities included $230 million from loans, a significant increase from $30 million in the previous year[33] Equity - The company's retained earnings decreased to CNY 287,197,378.03 from CNY 320,637,931.38 at the end of 2022, a decline of 10.4%[17] - The company reported a total equity of CNY 1,661,554,155.75, down from CNY 1,683,912,485.16 at the end of 2022, reflecting a decrease of 1.3%[17] - The total equity of the company decreased to RMB 1,588,902,997.60 as of March 31, 2023, down from RMB 1,618,452,454.30 at the end of 2022, a decline of about 1.8%[29] Cash and Cash Equivalents - Cash and cash equivalents as of March 31, 2023, amounted to CNY 474,187,805.40, up from CNY 346,374,054.90 at the end of 2022, representing a growth of 37%[15] - Cash and cash equivalents at the end of Q1 2023 totaled ¥382,917,974.17, an increase from ¥269,614,207.29 at the end of Q1 2022[26] - The total cash and cash equivalents at the end of the period reached $339.99 million, up from $216.94 million year-over-year[33] Operating Costs - Total operating costs rose to ¥232,041,339.33, up from ¥189,679,872.80, reflecting a 22.2% increase[21] - Cash outflow for purchasing goods and services was $315.59 million, compared to $244.67 million in the previous year, reflecting a 28.9% increase[33] - Cash paid to employees increased to $109.33 million from $88.40 million, representing a 23.6% rise[33] Accounting Standards - The company did not adopt new accounting standards for the first quarter of 2023[34]