Financial Performance - The company's operating revenue for the first half of 2023 was CNY 566.62 million, a decrease of 22.54% compared to CNY 731.52 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2023 was CNY 53.45 million, down 22.71% from CNY 69.16 million year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 48.04 million, reflecting a decline of 25.51% compared to CNY 64.49 million in the previous year[21]. - The net cash flow from operating activities was CNY 232.52 million, a decrease of 5.03% from CNY 244.83 million in the same period last year[21]. - Basic earnings per share for the first half of 2023 were CNY 0.0552, down 22.47% from CNY 0.0712 in the same period last year[22]. - The diluted earnings per share decreased by 22.74% to CNY 0.0547 from CNY 0.0708 year-on-year[22]. - The weighted average return on equity was 1.89%, a decrease of 0.67 percentage points compared to 2.56% in the previous year[22]. - The company's total operating costs decreased to ¥497,877,664.15, down 23.5% from ¥651,685,893.45 year-on-year[101]. - Net profit for the first half of 2023 was ¥53,237,384.96, a decline of 22.4% from ¥68,635,618.75 in the previous year[102]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3.85 billion, a slight decrease of 0.36% from CNY 3.87 billion at the end of the previous year[21]. - The net assets attributable to shareholders increased by 0.49% to CNY 2.82 billion from CNY 2.81 billion at the end of the previous year[21]. - The company's cash and cash equivalents increased to ¥694,917,913.43, representing 18.03% of total assets, up from 17.54% last year, with a year-on-year increase of 2.45% due to improved operational cash flow and increased borrowings[38]. - Accounts receivable decreased by 17.92% to ¥556,164,026.71, accounting for 14.43% of total assets, attributed to a decline in sales revenue and fewer invoices issued[38]. - Inventory rose by 20.40% to ¥353,366,593.56, making up 9.17% of total assets, due to a decrease in shipment volume of castings[38]. - The company's total liabilities decreased to CNY 1,031,650,898.00 from CNY 1,058,942,626.36, a reduction of approximately 2.6%[95]. - Total current liabilities rose to CNY 594,443,037.15 from CNY 584,547,265.51, indicating an increase of about 1.5%[94]. Operational Highlights - The company has established a production capacity of 150 MW across two wind power projects, with the first phase of 100 MW and the second phase of 50 MW[27]. - The average utilization hours for wind power generation increased by 83 hours year-on-year to 1,237 hours in the first half of 2023[26]. - The company maintains a "make-to-order" production model, allowing for customized products based on client specifications[28]. - The company has long-term supply agreements with major wind turbine manufacturers, enhancing its market position and stability[28]. - The company sold 42,500 tons of wind power castings in the first half of 2023, a decrease of 24.5% compared to the same period last year, with main business revenue of 444 million yuan, down 27.6% year-on-year[32]. Research and Development - The company’s R&D expenses increased by 24.62% to 30.71 million yuan compared to 24.64 million yuan in the previous year[36]. - The company applied for and accepted 3 invention patents and 6 utility model patents during the reporting period, with a total of 75 authorized patents by the end of the period[32]. - The company has been recognized as a key high-tech enterprise under the national torch program, highlighting its innovation capabilities in the wind power casting sector[27]. Environmental and Social Responsibility - The company has established pollution prevention facilities in accordance with environmental protection requirements and has implemented an electric monitoring system for these facilities[57]. - The company has constructed a 150MW wind power plant in Hebei, contributing to green clean energy and helping to alleviate environmental pollution[62]. - The company has completely eliminated high-pollution fuels and equipment, such as replacing wood with natural gas and electric furnaces with cupola furnaces[63]. - The company donated 10,000 yuan to the Jiangyin Red Cross for emergency rescue equipment in April 2023[64]. - The company has complied with environmental impact assessment procedures for all construction projects and strictly followed the "three simultaneous" system for environmental protection[58]. Risks and Challenges - The company faces risks from fluctuations in the wind power industry, which may impact operational performance, and plans to optimize cash flow and enhance core competitiveness[44]. - The company is also exposed to policy risks that could affect production and sales due to changes in national and industry policies[44]. - The main raw materials, including pig iron and scrap steel, are subject to price volatility, which could adversely affect profit margins if procurement costs rise significantly[45]. - Environmental regulations may necessitate upgrades to equipment, potentially leading to reduced production capacity due to restrictions on new casting capacity in Jiangsu Province[45]. Shareholder and Governance - The company approved the 2022 annual report and financial statements during the shareholders' meeting held on April 28, 2023[47]. - There are no proposed profit distribution or capital reserve transfer plans for the first half of 2023, with no dividends or stock bonuses planned[51]. - The company granted 2,048,805 restricted stocks at a price of 2.60 CNY per share as part of its 2022 incentive plan[53]. - The company completed the registration procedures for the restricted stock incentive plan on April 26, 2022[53]. - The total number of ordinary shareholders as of the end of the reporting period is 66,940[81]. Accounting and Financial Reporting - The company's financial statements are prepared based on the going concern assumption, indicating at least 12 months of operational capability from the reporting date[126]. - The company follows the accounting standards issued by the Ministry of Finance, ensuring the financial statements reflect true and complete financial conditions[128]. - The accounting period for the company runs from January 1 to December 31 each year[129]. - The company's accounting currency is Renminbi (RMB)[131]. - Revenue is recognized when control of goods is transferred to customers, with specific conditions met regarding the contract and payment terms[199].

证券代码：601218 证券简称：吉鑫科技 公告编号：2023-021 江苏吉鑫风能科技股份有限公司 2022 年股权激励计划限制性股票第一个限售期 解锁暨上市公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 692,041 股。 本次股票上市流通总数为 692,041 股。 本次股票上市流通日期为 2023 年 8 月 14 日。 2023 年 6 月 6 日，江苏吉鑫风能科技股份有限公司（以下简称"公司"）召开 第五届董事会第十八次会议、第五届监事会第十五次会议，审议通过了《关于 2022 年限制性股票激励计划第一个解除限售期解除限售条件成就的议案》等议案。根据 《江苏吉鑫风能科技股份有限公司 2022 年限制性股票激励计划（草案修订稿）》 （以下简称"《激励计划》"）和《江苏吉鑫风能科技股份有限公司 2022 年限制性股 票激励计划实施考核管理办法》（以下简称"《考核管理办法》"）的相关规定及 2022 年第一次临时股东大会的授权，公 ...

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2023 年第一季度报告 江苏吉鑫风能科技股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 证券代码：601218 证券简称：吉鑫科技 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增 | | | --- | --- | --- | --- | | | | 减变动幅度(%) | | | 营业收入 | 235,724,974.17 | | -29.74 | | 归属于上市公司股东的净利润 | 10,221,479.20 | | -59.74 | | 归属于上市公司股东的扣除非经常性损 | 8,896,686.76 ...

业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：601218 证券简称：吉鑫科技 公告编号：2023-011 江苏吉鑫风能科技股份有限公司 关于召开 2022 年度暨 2023 年第一季度 ●会议召开时间：2023 年 5 月 12 日（星期五）下午 14:00-15:00 ●会议召开地点：上海证券交易所上证路演中心 （网址：http://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于 2023 年 5 月 5 日（星期五）至 2023 年 5 月 11 日（星期四） 下午 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮 箱 jixin@sinojit.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 江苏吉鑫风能科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 8 日、2023 年 4 月 29 日分别发布了公司《2022 年年度报告》、《2023 年第一季度 报告》。为便 ...

Dividend Distribution - The company plans to distribute a cash dividend of 0.41 RMB per 10 shares, totaling approximately 39.79 million RMB, which represents 25.61% of the net profit attributable to shareholders for the year 2022[7]. - The total cash dividend, including share repurchase amounts, is approximately 75.29 million RMB, accounting for 48.47% of the net profit attributable to shareholders for 2022[8]. - The company repurchased shares worth approximately 35.50 million RMB, which is 22.86% of the net profit attributable to shareholders for 2022[7]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be paid out as cash dividends if there are no significant investment plans or cash expenditures[114]. - The company has cumulatively distributed cash dividends amounting to at least 30% of the average distributable profit over the last three years[114]. Financial Performance - The company's operating revenue for 2022 was approximately ¥1.76 billion, a decrease of 5.21% compared to ¥1.86 billion in 2021[26]. - Net profit attributable to shareholders was approximately ¥155.33 million, down 25.65% from ¥208.93 million in 2021[26]. - Basic earnings per share decreased by 25.21% to ¥0.1602 in 2022 from ¥0.2142 in 2021[27]. - The net cash flow from operating activities increased significantly by 331.97% to approximately ¥453.69 million in 2022, compared to ¥105.03 million in 2021[26]. - The total assets of the company decreased by 3.62% to approximately ¥3.87 billion at the end of 2022, down from ¥4.01 billion at the end of 2021[26]. Industry Challenges - The wind power industry faced challenges in 2022, with new installed capacity decreasing by 20.9% to 37.63 GW compared to 2021[33]. - The average price of wind turbine units in the domestic market fell by over 20% in 2022 compared to the previous year[33]. - The average price of wind turbine complete sets in 2022 dropped by 25% compared to 2021, leading to a 4.90% decline in casting business revenue to 1.581 billion yuan[34]. - The company is navigating a competitive market environment with ongoing adjustments due to external economic pressures, including inflation and geopolitical factors[33]. Research and Development - The company completed the development of 59 new processes and validated 50, achieving a 90% validation success rate[37]. - The company applied for and received approval for 5 invention patents and 10 utility model patents during the reporting period[37]. - The company established a provincial-level engineering technology research center for wind power metal components, enhancing its R&D capabilities[44]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, complying with the guidelines for independent director systems[85]. - The supervisory board has 3 members, including 2 employee supervisors, meeting legal requirements[86]. - The company has established a sound corporate governance structure, ensuring compliance with relevant laws and regulations[84]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with all shareholders[86]. Environmental Responsibility - The company invested approximately 2.186 million RMB in environmental protection funds during the reporting period[130]. - The company received an administrative penalty of 108,400 RMB for failing to control dust and gas emissions from two heating furnaces in its foundry workshop[137]. - The company has implemented measures to reduce carbon emissions, achieving a reduction of 23,906 tons of CO2 equivalent by eliminating high-pollution fuels and equipment[139]. - The company has established a complete and reasonable corporate governance structure and internal control system in compliance with relevant laws and regulations[131]. Shareholder Information - The total number of ordinary shareholders increased to 74,934 by the end of the reporting period, up from 70,822 at the end of the previous month[163]. - The largest shareholder, Bao Shijin, holds 214,849,388 shares, representing 21.98% of the total shares, with 74,850,000 shares pledged[166]. - The company has no strategic investors or general legal entities among the top ten shareholders[169]. - The company has a total of 6,969,724 shares held in a repurchase account, accounting for 0.71% of the total share capital[166]. Management and Personnel - The company has a total of 1,143 employees, with 511 in the parent company and 632 in major subsidiaries[109]. - The professional composition includes 916 production personnel, 101 technical personnel, and 13 sales personnel[109]. - The company has implemented a compensation system based on job value to attract and retain key talent[111]. - The management team has a strong focus on financial oversight and governance, as indicated by the roles of independent directors and the monitoring of financial performance[91].

Financial Performance - The company's operating revenue for Q3 2022 was ¥521,563,382.85, a decrease of 3.85% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was ¥26,794,521.48, down 46.06% year-on-year[4]. - The basic earnings per share for Q3 2022 was ¥0.0277, a decline of 45.58% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2022 was CNY 1,253,088,174.56, a decrease of 6.5% compared to CNY 1,340,416,326.09 in the same period of 2021[15]. - Net profit for the third quarter of 2022 was CNY 95,364,235.11, a decline of 27.5% from CNY 131,560,310.58 in the same quarter of 2021[17]. - Basic earnings per share for the third quarter of 2022 were CNY 0.0989, down from CNY 0.1355 in the same period last year, representing a decrease of 27.0%[18]. - The total comprehensive income for the third quarter of 2022 was CNY 95,364,235.11, down from CNY 131,560,310.58 in the same period last year[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,877,285,860.73, a decrease of 3.39% from the end of the previous year[5]. - Total assets as of September 30, 2022, amounted to ¥3,877,285,860.73, a decrease from ¥4,013,160,577.27 at the end of 2021[12]. - Total liabilities as of the end of the third quarter of 2022 amounted to CNY 1,129,414,033.86, compared to CNY 1,274,724,294.00 at the end of the previous year, indicating a reduction of approximately 11.4%[15]. - The company's total equity attributable to shareholders was CNY 2,746,764,048.86, slightly up from CNY 2,736,741,459.52 year-over-year[15]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥253,719,220.44[4]. - The net cash flow from operating activities for the first three quarters of 2022 was ¥253,719,220.44, a significant improvement compared to a net cash outflow of ¥53,458,797.01 in the same period of 2021[20]. - Total cash inflow from operating activities was ¥1,408,252,475.82, while cash outflow was ¥1,154,533,255.38, resulting in a positive cash flow from operations[20]. - The net cash flow from financing activities was -¥134,283,108.40, an improvement from -¥251,099,088.58 in the same period of 2021[21]. - The total cash and cash equivalents at the end of the period increased to ¥480,737,051.86, compared to ¥208,429,003.46 at the end of the same period last year[21]. Shareholder Information - The company reported a total of 79,338 common shareholders at the end of the reporting period[10]. - The largest shareholder, Bao Shijin, holds 27.95% of the shares, with 273,199,388 shares pledged[10]. - The company has a total of 6,969,724 shares held in treasury, representing 0.71% of total share capital[11]. Cost Management - Total operating costs for the first three quarters of 2022 were CNY 1,151,832,088.54, down from CNY 1,187,499,628.20 in the previous year, reflecting a cost reduction of approximately 3.0%[15]. - The company noted that rising commodity prices have led to increased raw material costs, impacting gross profit margins[8]. - The cash paid for purchasing goods and services decreased significantly to ¥841,750,631.31 from ¥1,185,113,899.16 in the same period of 2021[20]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 40,663,854.51, down from CNY 46,896,909.72 in the same period of 2021, reflecting a decrease of about 13.0%[15]. Other Financial Metrics - The company reported a significant increase in contract liabilities by 92.60% at the end of the reporting period[7]. - The company experienced a 54.40% decrease in net profit attributable to shareholders after deducting non-recurring gains and losses[6]. - The weighted average return on equity for Q3 2022 was 0.95%, a decrease of 1.46 percentage points compared to the previous year[5]. - The company reported a credit impairment loss of CNY -13,251,746.72 for the third quarter of 2022, an improvement from CNY -30,157,649.43 in the same quarter of the previous year[17]. - The company reported a 100% decrease in long-term receivables due to the termination of leasing business[7].

2022 年第三季度报告 证券代码：601218 证券简称：吉鑫科技 江苏吉鑫风能科技股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人包振华、主管会计工作负责人 WU JIE 及会计机构负责人（会计主管人员）周漪 保证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 1 / 11 单位：元 币种：人民币 项目 本报告期 本报告期比上 年同期增减变 动幅度(%) 年初至报告期末 年初至报告期末 比上年同期增减 变动幅度(%) 营业收入 521,563,382.85 -3.85 1,253,088,174.56 -6.52 归属于上市公司股东的净利润 26,794,521.48 -46.06 95,951,280.85 -27.39 归属于 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥731,524,791.71, a decrease of 8.33% compared to ¥797,969,179.90 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2022 was ¥69,156,759.37, down 16.15% from ¥82,480,239.11 in the previous year[19] - Basic earnings per share for the first half of 2022 were ¥0.0712, a decrease of 15.84% from ¥0.0846 in the same period last year[20] - The diluted earnings per share were ¥0.0708, down 16.11% from ¥0.0844 in the previous year[20] - The weighted average return on net assets was 2.56%, a decrease of 0.65 percentage points compared to 3.21% in the same period last year[20] - The net profit after deducting non-recurring gains and losses was ¥64,492,090.06, a decrease of 6.96% from ¥69,318,757.31 in the previous year[19] - The company's weighted average net profit margin, excluding non-recurring gains and losses, decreased by 0.32 percentage points to 2.38%[21] - The company reported a total comprehensive income of ¥15.65 million for the first half of 2022, compared to ¥28.28 million in the same period of 2021[106] - The net profit for the first half of 2022 was CNY 68,635,618.75, a decline of 16.43% compared to CNY 82,107,556.84 in the first half of 2021[102] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥244,830,461.93, compared to a negative cash flow of ¥10,430,151.24 in the same period last year[19] - The company's cash and cash equivalents increased to ¥785,294,928.56 from ¥274,729,897.20, representing a growth of approximately 186.5%[93] - The total cash and cash equivalents at the end of the first half of 2022 increased to ¥677.67 million, up from ¥297.26 million at the end of the first half of 2021[108] - The company's cash flow from operating activities reached approximately 244.83 million yuan, a significant increase compared to a negative cash flow of 10.43 million yuan in the previous year[34] - The total cash inflow from financing activities was 105,326,893.00 RMB, while cash outflow amounted to 313,346,889.81 RMB, resulting in a net cash flow of -208,019,996.81 RMB[111] - The total assets increased by 3.88% to ¥4,168,674,205.85 from ¥4,013,160,577.27 at the end of the previous year[19] - The company’s total assets included cash and cash equivalents of approximately 785.29 million yuan, representing 18.84% of total assets, an increase of 185.84% year-on-year[36] - Total current assets increased to ¥2,310,515,512.32 from ¥2,105,641,126.31, reflecting a growth of about 9.7%[93] Liabilities and Equity - The total liabilities increased to ¥1,447,567,157.61 from ¥1,274,724,294.00, which is an increase of about 13.5%[95] - The company's total equity decreased slightly to ¥2,721,107,048.24 from ¥2,738,436,283.27, a decline of approximately 0.6%[95] - Long-term loans decreased by 23.94% to ¥134.19 million, also due to repayment of principal and interest[37] - The total amount of guarantees provided by the company (including guarantees to subsidiaries) is RMB 755,214,247, which accounts for 27.75% of the company's net assets[72] - The total amount of guarantees provided to subsidiaries during the reporting period is RMB 340,000,000[72] Research and Development - The company applied for and accepted 1 invention patent and 6 utility model patents during the reporting period, with a total of 68 authorized patents, including 19 invention patents[31] - The company plans to enhance R&D investment and improve product technology to strengthen its market position[42] - Research and development expenses were CNY 24,639,338.19, down from CNY 35,251,344.46 in the first half of 2021, indicating a reduction of 30.06%[101] - The company developed new materials QT500-14 and QT600-10AL, which are recognized for their advanced performance in high-end wind power castings, filling a gap in national standards[29] Market and Industry Outlook - The wind power industry is projected to see an annual average increase of 23 GW in new installation capacity from 2018 to 2027, with a CAGR of 1.9%[24] - The global offshore wind power capacity is expected to exceed 234 GW by 2030, indicating strong market growth potential[23] - The wind power installed capacity in China reached approximately 340 million kW, reflecting a year-on-year growth of 17.2%[24] Corporate Governance and Management - The company appointed Wu Jie as the new secretary of the board on January 24, 2022, following the resignation of Zhu Taoyun[49] - The company approved the 2022 restricted stock incentive plan and its summary during the first extraordinary general meeting on April 1, 2022[46] - The company has not disclosed any new employee stock ownership plans or other incentive measures[53] - The company has completed the registration procedures for the restricted stock incentive plan with the China Securities Depository and Clearing Corporation[52] Environmental and Social Responsibility - The company has established pollution prevention facilities in accordance with national and local environmental protection requirements, ensuring effective operation through monitoring systems[55] - The company is actively conducting clean production audits to improve resource utilization efficiency and reduce pollutant generation[60] - The company has completely eliminated high-pollution fuels and equipment, such as replacing wood with natural gas and electric furnaces with cupola furnaces[61] - The company is constructing a 150MW wind power plant in Hebei, contributing to green clean energy and alleviating environmental pollution[60] Risks and Challenges - The company faces risks from fluctuations in the wind power industry, policy changes, and raw material price volatility[42] - The company has pledged various assets, including cash and fixed assets, totaling ¥1.06 billion for financing purposes[38]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 335,480,828.39, representing a decrease of 2.97% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 25,389,328.05, down 3.37% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 19,391,175.26, a decline of 24.17% compared to the previous year[5]. - The basic earnings per share for the period was CNY 0.0260, reflecting a decrease of 3.35%[5]. - Total operating revenue for Q1 2022 was ¥335,480,828.39, a decrease of 2.3% from ¥345,746,891.39 in Q1 2021[18]. - Net profit for Q1 2022 was ¥25,182,566.00, a decline of 3.2% compared to ¥26,022,386.74 in Q1 2021[19]. - Operating profit for Q1 2022 was ¥25,186,873.64, down from ¥27,059,711.61 in Q1 2021, reflecting a decrease of 6.9%[18]. - The company reported a total comprehensive income of ¥25,182,566.00 for Q1 2022, down from ¥26,022,386.74 in Q1 2021[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,967,790,773.35, a decrease of 1.13% from the end of the previous year[5]. - As of March 31, 2022, the company's total assets amounted to RMB 3,967,790,773.35, a decrease from RMB 4,013,160,577.27 at the end of 2021[13]. - The total current assets decreased to RMB 2,087,531,016.52 from RMB 2,105,641,126.31 in the previous year[13]. - The company reported a decrease in total liabilities, with current liabilities at RMB 1,000,000,000.00[14]. - The company reported a total liability of ¥1,204,171,924.08, down from ¥1,274,724,294.00 year-over-year, indicating a reduction of 5.5%[15]. Cash Flow - The net cash flow from operating activities was CNY 127,034,487.66, not applicable for year-on-year comparison[5]. - In Q1 2022, the company's cash inflow from operating activities was CNY 347,793,343.10, a decrease of 25.2% compared to CNY 465,367,915.03 in Q1 2021[21]. - The net cash flow from operating activities turned positive at CNY 127,034,487.66, compared to a negative CNY 66,830,965.77 in the same period last year[21]. - Cash outflow for purchasing goods and services was CNY 136,880,280.82, down 66.7% from CNY 410,199,060.12 in Q1 2021[21]. - The net cash flow from investing activities was CNY 544,808.19, a significant improvement from a negative CNY 120,436,590.19 in Q1 2021[22]. - Cash inflow from financing activities totaled CNY 59,705,795.20, a decrease of 73.3% from CNY 223,862,375.74 in the previous year[22]. - The net cash outflow from financing activities was CNY 84,223,650.12, worsening from a net outflow of CNY 17,097,877.01 in Q1 2021[22]. - The ending cash and cash equivalents balance was CNY 252,027,930.70, down from CNY 342,510,944.14 at the end of Q1 2021[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 97,732[9]. - The company repurchased a total of 6,969,730 shares, representing 0.71% of the total share capital, with a total expenditure of between RMB 25 million and RMB 50 million[11]. - The company plans to utilize repurchased shares for future employee stock ownership plans[11]. Expenses and Costs - The company’s management expenses decreased by 36.60% due to cost control measures and departmental restructuring[7]. - Total operating costs increased to ¥312,906,827.69, up 4.5% from ¥300,546,647.12 in the same period last year[18]. - Research and development expenses for Q1 2022 were ¥10,927,888.42, slightly up from ¥10,347,396.95 in Q1 2021, indicating a focus on innovation[18]. - The company’s tax expenses for Q1 2022 were ¥3,528,593.55, significantly higher than ¥1,366,595.67 in Q1 2021, reflecting an increase of 158.5%[18]. Inventory and Receivables - The company's accounts receivable decreased to RMB 755,993,471.06 from RMB 784,033,255.93 year-over-year[13]. - The company's inventory increased to RMB 448,539,724.54 from RMB 406,810,553.13 in the previous year[14]. - The company experienced a 73.26% decrease in receivables financing due to a reduction in endorsed notes[7].