ZTBH(SZ:000957)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was ¥693,888,713.39, a decrease of 19.56% compared to ¥862,575,176.44 in the same period last year[5] - Net profit attributable to shareholders was ¥20,666,894.25, representing a significant increase of 158.57% from a loss of ¥35,287,048.91 in the previous year[5] - Basic earnings per share rose to ¥0.0349, up 158.66% from -¥0.0595 in the same quarter last year[5] - Total operating revenue for Q1 2023 was CNY 693,888,713.39, a decrease of 19.6% compared to CNY 862,575,176.44 in the same period last year[21] - Total operating costs for Q1 2023 were CNY 675,227,491.43, down 24.5% from CNY 894,568,409.45 year-over-year[21] - Gross profit for Q1 2023 was CNY 18,661,221.96, compared to a gross loss of CNY 31,993,233.01 in Q1 2022[22] - Net profit for Q1 2023 was CNY 20,666,894.25, a significant recovery from a net loss of CNY 35,287,048.91 in the previous year[22] - Earnings per share for Q1 2023 were CNY 0.0349, compared to a loss per share of CNY 0.0595 in Q1 2022[23] Cash Flow and Financial Health - The net cash flow from operating activities improved to -¥210,167,168.48, a 26.24% increase compared to -¥284,915,314.45 in Q1 2022[5] - Cash inflow from operating activities was CNY 1,152,438,817.85, an increase from CNY 843,453,283.37 in the same period last year[24] - Total cash outflow from operating activities amounted to 1,362,605,986.33 CNY, compared to 1,128,368,597.82 CNY in the same period last year[25] - Cash flow from investing activities was -12,894.00 CNY, showing a decrease from -14,422,237.19 CNY year-over-year[25] - Cash flow from financing activities resulted in a net outflow of -58,238,666.66 CNY, compared to -144,689,545.02 CNY in the previous year[25] - The net increase in cash and cash equivalents was -255,363,914.52 CNY, an improvement from -446,519,920.64 CNY in the same quarter last year[25] - The ending balance of cash and cash equivalents was 1,088,131,231.90 CNY, up from 530,954,676.20 CNY year-over-year[25] Assets and Liabilities - Total assets decreased by 6.72% to ¥8,738,382,816.24 from ¥9,368,048,826.11 at the end of the previous year[5] - Total current assets decreased from CNY 7,434,850,640.74 at the beginning of the year to CNY 6,833,872,053.24[19] - Total liabilities decreased from CNY 5,192,000,000 to CNY 5,000,000,000[19] - The total liabilities decreased to CNY 6,055,477,978.96 from CNY 6,705,413,466.23 year-over-year, reflecting improved financial health[22] - The total equity attributable to shareholders increased to CNY 2,682,904,837.28 from CNY 2,662,635,359.88 in the previous year[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 121,894[15] - The largest shareholder, Zhongtong Automobile Industry Group Co., Ltd., holds 21.07% of shares, totaling 124,941,288 shares[15] Expenses and Taxation - The company experienced a 359.40% increase in taxes paid, totaling ¥21,705,614.43 compared to ¥4,724,746.90 in Q1 2022[13] - The company reported a significant reduction in financial expenses, which decreased by 53.57% to ¥7,202,303.18 from ¥15,513,603.72 in Q1 2022[10] - The company reported a significant reduction in financial expenses, with interest expenses decreasing to CNY 8,833,478.68 from CNY 14,979,493.46 year-over-year[22] - The company paid 152,604,942.66 CNY in cash to employees, an increase from 111,992,717.83 CNY in the previous year[25] - Tax payments amounted to 21,705,614.43 CNY, significantly higher than 4,724,746.90 CNY in the same period last year[25] Research and Development - Research and development expenses for Q1 2023 were CNY 40,052,360.25, up from CNY 37,864,316.57 in Q1 2022, indicating continued investment in innovation[22] Other Information - The company has no preferred shareholders as indicated in the report[17] - The company has no significant new product or technology developments mentioned in the report[17] - The report for the first quarter was not audited[26]