JZ GROUP(SZ:300040)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥285,644,520.92, a decrease of 10.47% compared to ¥319,048,335.96 in the same period last year[5]. - The net profit attributable to shareholders was ¥34,212,030.87, down 18.31% from ¥41,878,283.41 year-on-year[5]. - Basic earnings per share decreased by 14.29% to ¥0.06 from ¥0.07 in the same period last year[5]. - Net profit for Q1 2023 was CNY 35,898,516.95, a decline of 19.9% compared to CNY 44,805,044.68 in Q1 2022[22]. - The total comprehensive income for Q1 2023 was CNY 35,898,516.95, down from CNY 44,805,044.68 in the same period last year, reflecting a decline of 19.8%[23]. Cash Flow - The net cash flow from operating activities was negative at ¥87,544,599.29, a decline of 137.55% compared to ¥233,119,391.75 in the previous year[5]. - Cash inflows from operating activities totaled CNY 230,377,245.85, significantly lower than CNY 506,738,254.30 in the previous year, representing a decline of 54.5%[26]. - Cash and cash equivalents at the end of Q1 2023 were CNY 269,950,183.97, down from CNY 893,925,960.87 at the end of Q1 2022, a decrease of 69.8%[27]. - Cash inflows from financing activities were CNY 391,000,000.00, compared to CNY 692,966,881.57 in the previous year, reflecting a decrease of 43.7%[26]. - The net cash flow from financing activities was CNY 122,536,447.05, down from CNY 514,062,393.60 in Q1 2022, a decline of 76.1%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,664,230,566.51, an increase of 1.22% from ¥7,572,160,821.14 at the end of the previous year[6]. - Current liabilities decreased to CNY 1,378,073,611.27 from CNY 1,410,924,893.94, a reduction of 2.3%[19]. - Long-term borrowings rose to CNY 1,604,381,967.50, an increase of 15.8% from CNY 1,384,738,275.78 at the start of the year[19]. - The company's cash and cash equivalents decreased to CNY 401,809,599.38 from CNY 465,165,585.91, a decline of 13.6%[19]. - The inventory balance increased to CNY 356,719,077.64 from CNY 333,313,165.90, reflecting a growth of 7.0%[19]. Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 265,632,664.85, down 10.5% from CNY 296,814,213.52 year-on-year[22]. - R&D expenses decreased by 30.50% to ¥3,956,358.94, mainly due to reduced material costs for R&D[11]. - Cash paid to employees rose by 35.47% to ¥39,044,356.96, driven by an increase in employee numbers and improved compensation[12]. - Cash paid for taxes increased by 44.52% to ¥46,802,488.61, mainly due to higher VAT and income tax payments[12]. - Cash paid for other operating activities surged by 124.45% to ¥75,454,114.94, largely due to increased guarantee deposits and bank acceptance bill guarantees[12]. Other Income and Refunds - Other income increased by 32.72% to ¥4,171,525.09, attributed to new vocational skill improvement subsidies and heating fee subsidies[11]. - The company experienced a 774.18% increase in non-operating income, reaching ¥1,883,015.00, mainly due to an increase in amounts not required to be paid[11]. - Tax refunds increased significantly by 6199.03% to ¥849,376.18, primarily due to a 50% VAT refund received from a wind power project[12]. - Cash received from sales and services dropped by 42.92% to ¥221,727,758.67, attributed to a high amount of receivables from new energy projects in the previous year[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,974[15]. - Minority shareholder profit decreased by 42.38% to ¥1,686,486.08 compared to the same period last year, mainly due to the disposal of 5 subsidiaries[12].