ZNGF(SZ:000717)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥9,076,690,055.28, representing a 30.44% increase compared to ¥6,958,668,816.08 in the same period last year[5]. - The net profit attributable to shareholders for Q1 2023 was ¥5,962,174.39, a significant decrease of 94.64% from ¥111,283,731.88 in the previous year[5]. - The total profit for Q1 2023 was ¥6,470,786.26, a decline of 95.11% compared to ¥132,282,711.57 in Q1 2022, attributed to lower steel prices and high raw material costs[15]. - The company's basic earnings per share for Q1 2023 were ¥0.0025, down 94.55% from ¥0.0459 in the same period last year[5]. - Total operating costs amounted to ¥9,048,819,076.72, up 32.3% from ¥6,811,881,934.32 in the same period last year[41]. - Research and development expenses were ¥109,364,101.30, down from ¥138,922,966.06 in the previous year, reflecting a reduction of 21.4%[41]. Cash Flow - The net cash flow from operating activities increased by 130.08% to ¥1,078,906,834.23, compared to ¥468,934,699.26 in Q1 2022[5]. - The cash inflow from operating activities totaled CNY 9,699,541,814.17, an increase of 36.5% compared to CNY 7,114,884,932.42 in the previous period[45]. - The net cash flow from financing activities surged by 187.78% year-on-year to approximately ¥254.91 million, driven by increased inflows from financing activities this quarter[18]. - The cash inflow from financing activities amounted to CNY 1,086,437,058.26, compared to CNY 646,706,341.91, reflecting a 67.9% increase[45]. - The cash outflow for purchasing goods and services was CNY 8,287,176,375.56, compared to CNY 6,285,174,348.65 in the prior period, indicating a 31.8% increase[45]. - The cash outflow for paying taxes was CNY 37,964,164.05, down from CNY 64,380,393.10, reflecting a decrease of 41.0%[45]. Assets and Liabilities - Total assets as of March 31, 2023, were ¥21,541,721,166.99, reflecting a 6.51% increase from ¥20,224,918,337.02 at the end of the previous year[5]. - Total liabilities increased to ¥12,377,541,952.76 from ¥10,998,453,141.18, representing a growth of 12.5%[41]. - The total assets of the company as of March 31, 2023, were approximately ¥21.54 billion, compared to ¥20.22 billion at the beginning of the year[28]. - Total equity attributable to shareholders of the parent company decreased to ¥9,164,179,214.23 from ¥9,226,465,195.84, a decline of 0.7%[41]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Guangdong Kunlun Information Technology Co., Ltd. from Baowu Group on February 28, 2023, which is now a wholly-owned subsidiary[5]. - The net cash flow from investing activities improved by 35.62% year-on-year, amounting to approximately -¥485.51 million, mainly due to a decrease in large certificates of deposit this quarter[18]. - The cash outflow from investing activities was CNY 481,272,879.36, down from CNY 761,199,215.54, showing a decrease of 36.8%[45]. Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 93,361, with the largest shareholder, Baowu Group, holding 52.95% of shares[19]. - Accounts receivable amounted to approximately ¥105.16 million, compared to ¥21.64 million in the previous period[28]. - Inventory increased to approximately ¥2.47 billion, up from ¥2.06 billion in the previous period[28]. - Short-term borrowings rose to approximately ¥1.25 billion, compared to ¥580.51 million at the beginning of the year[28].