ZYST(SZ:300936)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 63,501,347.19, representing a 59.74% increase compared to CNY 39,753,391.41 in the same period last year[5] - Net profit attributable to shareholders decreased by 3.49% to CNY 7,026,188.83 from CNY 7,280,193.42 year-on-year[5] - Basic earnings per share decreased by 3.51% to CNY 0.0934 from CNY 0.0968 year-on-year[5] - The net profit for Q1 2023 was CNY 7,026,188.83, a decrease of 3.5% from CNY 7,280,193.42 in Q1 2022[24] - The total operating revenue for Q1 2023 was CNY 63,501,347.19, an increase of 59.9% compared to CNY 39,753,391.41 in Q1 2022[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 13,151,300.68, a significant decline of 2,907.49% compared to negative CNY 437,284.76 in the previous year[5] - Cash inflow from operating activities totaled 46,565,598.04, up from 36,196,895.99, representing an increase of approximately 28.5%[28] - Cash outflow from operating activities increased to 59,716,898.72 from 36,634,180.75, marking an increase of about 63.1%[28] - The cash and cash equivalents at the end of the period were 219,486,514.78, down from 453,020,473.83, indicating a decrease of about 51.6%[28] - The company received 1,256,722.01 in tax refunds, significantly higher than 247,742.91 in the previous period, an increase of approximately 407.5%[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,014,859,929.41, a slight decrease of 0.14% from CNY 1,016,252,700.02 at the end of the previous year[5] - The total liabilities decreased to CNY 118,370,007.95 from CNY 126,788,967.39 in the previous quarter, reflecting a reduction of 6.6%[21] - The company's accounts receivable rose to RMB 144,571,326.97 from RMB 125,185,040.42, indicating an increase of about 15.5%[19] - The company's trading financial assets decreased to RMB 231,893,998.95 from RMB 350,083,333.33, a decline of approximately 33.8%[19] Operating Costs and Expenses - The company's operating costs rose by 71.48% to CNY 45,800,848.04, driven by increased sales volume[9] - The total operating costs for Q1 2023 were CNY 56,811,749.23, up 67.3% from CNY 33,963,514.65 in the same period last year[23] - Sales expenses surged by 133.51% to CNY 1,336,567.88, reflecting the company's aggressive business expansion efforts[9] - The company reported a significant increase in sales expenses, which rose to CNY 1,336,567.88 from CNY 572,382.87, marking an increase of 133.4%[24] - The company's R&D expenses increased to CNY 3,273,489.58, representing a rise of 13.7% compared to CNY 2,878,617.99 in the previous year[24] Investments and Subsidiaries - The company has established a new wholly-owned subsidiary, Jiangsu Jiasen Energy Technology Co., Ltd., with a registered capital of RMB 10 million, holding a 70% stake[17] - The company invested RMB 100 million to jointly establish an investment fund focused on the semiconductor industry[15] - The company is investing RMB 800 million in a project for "precision electronics, automotive, and new energy special materials" in Bengbu, Anhui[16] - The company has signed an investment contract with the People's Government of Wuhua County for the aforementioned project[16] Other Notable Changes - The total number of ordinary shareholders at the end of the reporting period was 13,157[11] - The total compensation for the relocation of the company's original premises is RMB 138,709,209[14] - The company has relocated its operations to a new facility at No. 28 Zhengqiang Road, Zhonglou District, Changzhou[14] - The company reported a significant increase in prepayments to RMB 3,362,242.78 from RMB 2,364,669.80, reflecting a growth of about 42.2%[19]