ZOTYE(SZ:000980)2023-04-28 16:00Shareholder Information - Total number of common shareholders at the end of the reporting period was 137,826[13] - The largest shareholder, Jiangsu Shen Shang Holdings, holds 14.81% of shares, totaling 747 million shares[13] Share Capital and Equity - The company's total share capital decreased from 5,069,178,220 shares to 5,042,547,739 shares after the cancellation of 26,630,481 shares[18] - The equity attributable to shareholders decreased by 7.70% to ¥2,249,300,522.39 from ¥2,436,945,080.50 at the end of the last year[27] Financial Performance - The company's revenue for Q1 2023 was ¥162,806,170.11, representing a 30.23% increase compared to ¥125,014,104.97 in the same period last year[27] - The net loss attributable to shareholders for Q1 2023 was ¥187,644,558.11, which is a 19.72% increase in loss from ¥156,741,308.74 in the previous year[27] - The company reported a basic earnings per share of -¥0.04 for Q1 2023, a decrease of 33.33% from -¥0.03 in the same period last year[27] - The net profit for the first quarter was -¥187,895,750.27, compared to -¥156,799,588.50 in the previous year, indicating a decline of approximately 19.5%[40] - Operating profit was reported at -¥187,158,328.00, worsening from -¥156,636,108.25 year-over-year[40] Cash Flow and Liquidity - Cash and cash equivalents amounted to approximately 921.84 million CNY, down from 1,009.52 million CNY in the previous period[19] - Net cash flow from operating activities for Q1 2023 was -¥97,620,536.00, a significant decline of 761.45% compared to ¥14,758,467.25 in Q1 2022[27] - Cash outflow from operating activities totaled ¥554,299,555.31, a 37.26% increase from ¥403,843,048.06, primarily due to higher payments for operating activities[30] - Cash flow from operating activities showed a net outflow of -¥97,620,536.00, a significant decrease from a positive inflow of ¥14,758,467.25 in the same period last year[44] - Cash flow from investing activities resulted in a net outflow of -¥8,193,952.22, slightly improved from -¥8,814,827.22 year-over-year[44] - Cash flow from financing activities generated a net inflow of ¥84,680,710.68, compared to ¥2,234,948.20 in the previous year, showing a substantial increase[44] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to ¥7,016,015,959.89, down 1.47% from ¥7,120,922,650.31 at the end of the previous year[27] - The total current liabilities increased to ¥3,027,994,644.61 from ¥2,930,059,278.70, indicating a rise in short-term financial obligations[21] - The total non-current liabilities decreased slightly to ¥1,734,015,850.34 from ¥1,748,962,156.40, reflecting a minor reduction in long-term financial commitments[21] - The company has reported a significant increase in other payables, which rose to ¥392,181,341.64 from ¥315,744,525.00, indicating potential liquidity pressures[21] Operational Performance - Total operating revenue for the period reached ¥162,806,170.11, an increase of 30.23% compared to ¥125,014,104.97 in the previous period, primarily driven by increased sales in the automotive sector[39] - Operating costs rose to ¥172,197,592.40, up 52.82% from ¥112,678,750.23, mainly due to higher costs associated with automotive sales[39] - Tax and additional charges surged by 516.66% to ¥20,182,809.84 from ¥3,272,904.22, largely due to increased property and land taxes[39] Strategic Outlook - Future outlook includes plans for market expansion and potential new product launches in the electric vehicle sector[7] - The company is actively pursuing strategic partnerships to enhance technological capabilities and market reach[7] - Ongoing research and development efforts are aimed at improving product offerings and operational efficiency[7] Non-Operating Income - The company reported a significant reduction in non-operating income, indicating a focus on core business operations[8] - The company recorded a non-operating income of ¥539,523.79, which includes various components such as government subsidies and debt restructuring gains[27]