ZHEJIANG SHIBAO(SZ:002703)2023-04-27 16:00Cash Flow - Operating cash inflow for the current period was CNY 226,213,016.21, an increase of 21.9% compared to CNY 185,606,864.38 in the previous period[2] - Net cash flow from operating activities was CNY -16,609,425.13, a decline from CNY 6,511,908.60 in the previous period[2] - Cash inflow from investment activities totaled CNY 60,650,946.88, up from CNY 28,985,099.32 in the previous period[2] - Net cash flow from investment activities was CNY -7,474,804.25, an improvement from CNY -20,510,295.03 in the previous period[2] - Cash inflow from financing activities was CNY 73,000,000.00, compared to CNY 60,000,000.00 in the previous period[2] - Net cash flow from financing activities was CNY 7,623,874.92, recovering from CNY -11,259,255.91 in the previous period[2] - The company reported a decrease in cash and cash equivalents by CNY 16,436,751.60, compared to a decrease of CNY 25,419,655.31 in the previous period[2] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,867[7] - The largest shareholder, Zhejiang Shibao Holding Group Co., Ltd., holds 38.40% of the shares[7] Financial Performance - The company achieved operating revenue of RMB 345,001,524.92, representing a year-on-year increase of 32.37%[17] - The net profit attributable to shareholders of the listed company was RMB 9,070,150.47, a turnaround from a loss of RMB 4,032,392.53 in the previous year, marking a growth of 324.93%[20] - The net cash flow from operating activities was RMB -16,609,425.13, a decrease of 355.06% compared to the previous year, primarily due to increased cash expenditures for raw material procurement, employee salaries, and VAT payments[17] - The company's total assets at the end of the reporting period were RMB 2,354,610,774.27, a decrease of 1.46% from the end of the previous year[20] - The net assets attributable to shareholders of the listed company increased to RMB 1,401,731,027.16, reflecting a growth of 0.65% compared to the previous year[20] - The basic earnings per share were RMB 0.0115, compared to a loss of RMB 0.0051 in the previous year, indicating a growth of 325.49%[20] - The company reported a gross profit increase due to improved gross margin, contributing to the turnaround in net profit[17] - The company has seen a recovery in sales of commercial vehicle steering products and an increase in production of intermediate shafts and column products[17] Non-Recurring Gains and Losses - Total non-recurring gains and losses amounted to CNY 3,604,823.53 for the current period[6] - The company does not classify any non-recurring gains and losses as recurring items as per the relevant disclosure guidelines[16] Financial Management - The company’s financial expenses included interest expenses of RMB 1,894,499.85, up from RMB 1,255,056.29 in the previous year[14] - The company's board and management guarantee the authenticity, accuracy, and completeness of the quarterly report, assuming legal responsibility for any misstatements or omissions[24] - The first quarter financial report is unaudited[25] - Key financial data will be presented in the upcoming sections[26]