CREAT(SZ:002350)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥239,283,498.06, representing a slight increase of 0.43% compared to ¥238,248,413.20 in the same period last year[2]. - The net profit attributable to shareholders was -¥34,772,065.53, an improvement of 54.26% from -¥76,028,332.69 year-on-year[2]. - The net cash flow from operating activities improved by 69.30%, reaching -¥35,982,579.99 compared to -¥117,217,252.22 in the previous year[2]. - The weighted average return on equity improved to -1.88% from -4.01% year-on-year, reflecting a positive trend[2]. - Net profit for Q1 2023 was CNY -36,817,649.75, an improvement compared to CNY -77,374,186.68 in the same period last year, indicating a reduction in losses by approximately 52.5%[21]. - The basic and diluted earnings per share for Q1 2023 were both CNY -0.0657, an improvement from CNY -0.1402 in the previous year[21]. Cash Flow - Cash flow from operating activities was CNY 494,863,988.54, up from CNY 482,006,707.67, showing an increase of approximately 2%[22]. - Total cash inflow from operating activities was 511,344,314.84, while cash outflow was 547,326,894.83, resulting in a net cash outflow of -35,982,579.99[23]. - Cash flow from investing activities generated a net inflow of 211,333.18, compared to a net outflow of -7,956,576.42 in the previous year[23]. - Cash inflow from financing activities was 2,000,000.00, down from 72,000,000.00 in the previous year, with a net cash outflow of -61,736,052.64[23]. - The ending balance of cash and cash equivalents was 387,036,284.93, compared to 246,427,685.00 at the end of the previous year[24]. - Cash received from tax refunds was 3,859,884.66, an increase from 3,717,122.14 in the previous year[23]. - Total cash outflow for operating activities was 547,326,894.83, compared to 648,263,693.13 in the previous year, indicating a reduction in cash outflow[23]. - Cash paid to employees was 77,315,985.38, an increase from 71,531,604.97 in the previous year[23]. - Cash paid for taxes was 43,213,552.66, compared to 27,392,293.65 in the previous year, reflecting an increase in tax payments[23]. Assets and Liabilities - Total assets decreased by 6.59% to ¥3,133,251,803.48 from ¥3,354,191,502.53 at the end of the previous year[2]. - Total current assets decreased from RMB 2,044,279,891.95 at the beginning of the year to RMB 1,824,285,897.84 at the end of the reporting period[17]. - Total liabilities decreased to CNY 1,220,088,347.59 from CNY 1,404,074,112.48, reflecting a reduction of approximately 13%[19]. - The company's equity attributable to shareholders decreased to CNY 1,831,334,726.95 from CNY 1,865,934,404.06, a decline of about 1.8%[19]. Investments and Shareholder Information - The company reported a significant increase in investment income of 742.74%, amounting to ¥3,903,300.00 compared to the previous year[7]. - The company completed the transfer of 17% equity in Shaanxi Electric Keri Comprehensive Energy Service Co., for a total price of RMB 170,000[14]. - The company approved the use of up to RMB 200 million of idle funds for investment and wealth management, with a recent investment yielding a return of RMB 130,625[15]. - The company won bids for projects totaling approximately RMB 399 million from the Southern Power Grid Company[15]. - The total number of common shareholders at the end of the reporting period is 61,542[12]. - The largest shareholder, Beijing Keri North Technology Development Co., holds 27.11% of shares, amounting to 147,045,953 shares, with 110,284,465 shares pledged[12]. Operational Metrics - Total operating revenue for Q1 2023 was CNY 239,283,498.06, a slight increase from CNY 238,248,413.20 in the previous year, representing a growth of approximately 0.43%[20]. - Total operating costs decreased to CNY 294,293,725.67 from CNY 309,328,618.70, reflecting a reduction of about 4.4%[20]. - Research and development expenses for the quarter were CNY 21,611,592.50, slightly down from CNY 21,898,749.24, indicating a decrease of about 1.3%[20]. - Accounts receivable decreased from RMB 795,501,681.03 to RMB 586,420,553.36, indicating a reduction of approximately 26.3%[17]. - Inventory increased from RMB 400,889,287.87 to RMB 464,430,658.16, reflecting a growth of about 15.9%[17]. - The company’s prepayments increased by 44.26%, reaching ¥139,994,000.00, primarily due to increased prepayments in the energy storage business[6]. - The company’s contract liabilities rose by 48.25%, totaling ¥187,079,000.00, mainly due to increased advance payments in the energy storage business[6]. - The company has a financial assistance of RMB 500,000 to Shaanxi Electric Keri after the equity transfer[14]. - The company’s financial assets held for trading increased from RMB 50,900.00 to RMB 220,100.00, marking a significant rise[17].