ZLC(SH:900915)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 188,745,030.76, representing a year-on-year increase of 42.90%[5] - The net profit attributable to shareholders was CNY 1,842,255.66, reflecting a significant increase of 156.70% compared to the same period last year[5] - Basic and diluted earnings per share both reached CNY 0.006, marking a 200.00% increase year-on-year[5] - In Q1 2023, the company reported a net profit of CNY 1,065,413.38, a significant improvement compared to a net loss of CNY 2,641,732.10 in Q1 2022, marking a turnaround of over 140%[16] - The net profit for Q1 2023 was CNY 3,342,209, compared to a net loss of CNY 512,278 in Q1 2022, marking a significant turnaround[22] - The operating profit for Q1 2023 was CNY 4,606,536, up from CNY 261,730 in the same period last year[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 921,496,584.12, a slight increase of 0.15% from the end of the previous year[5] - Total assets as of March 31, 2023, were ¥921,496,584.12, slightly up from ¥920,115,297.97 at the end of 2022[13] - The total liabilities increased to ¥339,574,322.16 in Q1 2023 from ¥339,258,449.39 at the end of 2022[13] - The company's total liabilities increased to CNY 199,670,783.27 from CNY 187,724,183.54, indicating a rise of approximately 6.5%[21] - The total liabilities and equity amounted to CNY 812,155,175.45 as of Q1 2023, an increase from CNY 796,874,468.84 in Q1 2022[22] Cash Flow - The company reported a net cash flow from operating activities of CNY -8,528,762.31, indicating a significant change due to increased payments for two-wheeled vehicle purchases[8] - The company's operating cash flow showed a net outflow of CNY -8,528,762.31, contrasting with a positive inflow of CNY 39,294,591.23 in Q1 2022, indicating a decline in cash generation from operations[18] - The net cash flow from operating activities for Q1 2023 was negative at CNY -17,021,146.49, compared to a positive CNY 15,978,921.52 in Q1 2022[23] - The company’s investment activities generated a net cash inflow of CNY 35,513,881.13, a significant increase from CNY 6,549,706.48 in Q1 2022[18] Research and Development - Research and development expenses decreased by 36.99% to CNY 5,380,995.34, primarily due to reduced spending on wind energy projects[8] - Research and development expenses decreased to CNY 5,380,995.34 from CNY 8,540,441.66, reflecting a reduction of about 37.5% year-over-year[16] - Research and development expenses increased to CNY 757,978.91 in Q1 2023, up from CNY 486,328.05 in Q1 2022, reflecting a focus on innovation[22] Inventory and Receivables - Inventory increased by 40.17% to CNY 55,359,514.55, attributed to higher stock levels of two-wheeled vehicles[7] - Accounts receivable increased to ¥40,992,689.38 in Q1 2023 from ¥34,159,983.26 in Q4 2022[12] - Inventory levels rose to ¥55,359,514.55 as of March 31, 2023, compared to ¥39,494,237.88 at the end of 2022[12] Equity and Shareholder Information - The company's equity attributable to shareholders was ¥586,866,915.98 as of March 31, 2023, compared to ¥585,024,660.32 at the end of 2022[13] - The company reported a total of 31,550 common shareholders as of the end of the reporting period[10] - The total equity attributable to owners was CNY 612,484,392.18 in Q1 2023, up from CNY 609,150,285.30 in Q1 2022[22] Government Subsidies and Financial Activities - The company received government subsidies amounting to CNY 862,645.34, an increase of 115.22% compared to the previous period[8] - The company received CNY 7,200,000 in cash related to financing activities in Q1 2023, indicating new funding efforts[23] Other Notable Points - The company has not yet achieved commercial operation of its high-altitude wind power generation, which carries uncertainties regarding project completion and expected output[11] - The company's short-term borrowings were fully repaid, resulting in a 100.00% decrease in this liability category[7] - The company's financial expenses decreased to CNY 868,502.25 from CNY 1,076,700.31, a reduction of approximately 19.3% year-over-year[16]