Eontec(SZ:300328)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was ¥381.59 million, an increase of 17.49% compared to ¥324.79 million in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥474.13 million, a decrease of 105.58% from a profit of ¥8.50 million in the previous year[5]. - Total operating revenue for Q1 2023 was CNY 381,585,071.17, an increase of 17.5% compared to CNY 324,790,692.78 in Q1 2022[23]. - Net profit for Q1 2023 was a loss of CNY 4,813,813.06, compared to a profit of CNY 7,035,721.40 in Q1 2022[24]. - Basic and diluted earnings per share for Q1 2023 were both CNY -0.0007, compared to CNY 0.0123 in Q1 2022[24]. Cash Flow - The net cash flow from operating activities increased by 182.48%, reaching ¥10.75 million, compared to a negative cash flow of ¥13.03 million in the same period last year[11]. - The cash inflow from operating activities totaled CNY 420,021,849.77, an increase of 31.5% compared to CNY 319,190,455.22 in the previous year[27]. - The net cash flow from operating activities was CNY 10,747,601.01, a significant improvement from a net outflow of CNY 13,029,867.08 in the same period last year[27]. - The cash outflow from investing activities was CNY 65,989,344.14, down 45.5% from CNY 121,840,547.67 in the previous year[27]. - The net cash flow from financing activities was CNY 29,216,060.85, a decrease of 60.9% compared to CNY 74,703,313.51 in the previous year[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2.71 billion, a decrease of 3.04% from ¥2.79 billion at the end of the previous year[5]. - The total liabilities decreased to CNY 1,478,832,329.40 from CNY 1,556,656,427.62 year-over-year[24]. - The total equity decreased to CNY 1,231,069,574.53 from CNY 1,238,066,347.95 in the previous year[24]. - The total cash and cash equivalents at the end of the period amounted to CNY 114,025,498.80, compared to CNY 172,084,191.24 at the end of the previous year[28]. Expenses - The company reported a 41.91% increase in taxes and surcharges, primarily due to an increase in export-related tax liabilities[10]. - Sales expenses rose by 54.39%, attributed to increased business expansion costs during the quarter[10]. - Financial expenses surged by 159.04%, mainly due to higher interest expenses and reduced interest income[10]. - The company reported a significant increase in financial expenses, totaling CNY 8,650,240.06, compared to CNY 3,339,367.77 in the previous year[23]. - The cash outflow for purchasing goods and services was CNY 280,620,879.22, an increase of 25.4% from CNY 223,767,540.56 in the previous year[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,159[14]. - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., holds 25.00% of shares, totaling 172,615,000 shares, with 96,555,000 shares pledged[14]. Investments and R&D - The company experienced a 175.17% decline in investment income, primarily due to increased losses from investments in associates[10]. - The company’s R&D expenses increased to CNY 22,734,043.41, up from CNY 21,142,835.29 in the previous year, reflecting a focus on innovation[23]. - The company has not disclosed any new product or technology developments in the current report[19]. Other Financial Metrics - The company's cash and cash equivalents at the end of the period amount to ¥294,685,542.35, an increase from ¥289,538,556.99 at the beginning of the year[20]. - Accounts receivable decreased to ¥445,518,554.55 from ¥547,193,961.50, indicating a reduction of approximately 18.6%[20]. - Inventory decreased to ¥338,326,167.38 from ¥360,009,778.73, reflecting a decline of about 6.0%[20]. - The company’s fixed assets increased to ¥1,041,154,315.12 from ¥957,633,299.65, showing a growth of approximately 8.7%[20]. - The company’s long-term equity investments decreased slightly to ¥20,318,146.37 from ¥20,437,390.58[20].