Financial Performance - The company's operating revenue for Q1 2023 was ¥187,526,624.92, representing a decrease of 27.38% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥51,011,477.05, a decline of 388.30% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥57,126,888.95, down 469.48% from the previous year[4] - The net comprehensive income for Q1 2023 was -¥51,014,937.58, contrasting with a positive income of ¥17,692,875.65 in Q1 2022[38] - Basic earnings per share for Q1 2023 were -¥0.1275, down from ¥0.0442 in Q1 2022[38] - The company reported a net loss of CNY 64,633,841.69 for Q1 2023, compared to a loss of CNY 13,622,364.64 in Q1 2022[48] - The total operating profit is -51,090,524.05, while the previous period reported an operating profit of 17,849,994.12[51] Research and Development - The total R&D investment amounted to ¥106,210,599.61, an increase of 49.31% year-on-year, accounting for 56.64% of operating revenue, up 29.09 percentage points[24] - The company experienced a significant increase in R&D personnel, contributing to higher R&D expenses during the reporting period[8] - R&D expenses rose significantly to ¥106,210,599.61 in Q1 2023, compared to ¥71,134,918.61 in Q1 2022, reflecting a 49.4% increase[36] - The company is focusing on expanding its product portfolio and increasing R&D efforts to enhance its market position[8] Cash Flow and Liquidity - The cash flow from operating activities was -¥216,113,617.94, primarily due to increased cash payments for inventory to ensure supply chain stability[4] - Cash inflow from operating activities for Q1 2023 was CNY 163,886,907.20, a decrease of 21.7% compared to CNY 209,403,718.90 in Q1 2022[39] - Cash outflow from operating activities totaled CNY 380,000,525.14, up from CNY 330,242,540.87 in the previous year, resulting in a net cash flow from operating activities of -CNY 216,113,617.94[40] - Cash inflow from investment activities increased significantly to CNY 783,380,952.06, compared to CNY 50,231,626.71 in Q1 2022, marking a growth of 1463.5%[40] - Cash inflow from financing activities was CNY 93,586,000.00, with cash outflow totaling CNY 6,632,295.36, resulting in a net cash flow from financing activities of CNY 86,953,704.64[40] - The cash and cash equivalents at the end of Q1 2023 were ¥253,191,966.82, down from ¥283,599,610.35 at the end of 2022[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,890,213,922.94, reflecting a slight increase of 0.77% from the end of the previous year[24] - The equity attributable to shareholders of the listed company decreased by 2.40% to ¥1,566,633,169.87 compared to the end of the previous year[24] - Total current assets increased to ¥1,772,346,598.60 in Q1 2023 from ¥1,757,662,612.00 in the previous year[34] - Inventory levels rose to ¥688,001,436.23 in Q1 2023, compared to ¥561,288,596.60 in Q1 2022, indicating a 22.6% increase[33] - The total liabilities increased to CNY 323,580,753.07 from CNY 270,652,939.34, reflecting a growth of 19.5% year-over-year[48] - Total equity decreased to CNY 1,566,633,169.87 from CNY 1,605,115,307.18, indicating a decline of 2.4%[48] Other Financial Metrics - The weighted average return on net assets was -3.22%, a decrease of 4.38 percentage points compared to the previous year[24] - The total impairment loss on assets is 2,545,913.60, compared to 372,592.19 in the previous period[51] - The other comprehensive income after tax is -3,460.53, compared to -1,044.34 in the previous period[51] - The cash flow impact from exchange rate changes is -3,567.56, compared to -1,075.91 in the previous period[55] - The company has not reported any net profit from the merged entity prior to the merger[52] - The company has not applied new accounting standards for the current period[55]

Financial Performance - In 2022, the company achieved total operating revenue of CNY 1,042.01 million, a year-on-year increase of 53.57%[5]. - The company's gross profit margin for the year was 39.81%, an increase of 3.57 percentage points compared to the previous year[5]. - The net profit attributable to the parent company was 59.83 million yuan, marking a turnaround from loss to profit compared to the previous year[33]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was 7.32 million yuan, also a turnaround from loss to profit year-on-year[33]. - The overall improvement in profitability is attributed to sustained revenue growth and an optimized product mix[57]. - The company achieved a turnaround in profitability during the reporting period, but the parent company's distributable profits remain negative, leading to a decision not to distribute cash dividends for the 2022 fiscal year[82]. - The basic earnings per share for 2022 was CNY 0.15, compared to a loss of CNY 0.09 per share in 2021[190]. - The weighted average return on equity was 3.84% in 2022, recovering from -7.42% in 2021[190]. Revenue and Sales - The FPGA product line generated revenue of CNY 988.83 million, with a gross margin of 39.13%, reflecting a year-on-year revenue growth of 53.96%[6]. - Domestic sales accounted for CNY 983.86 million, representing a 61.60% increase year-on-year, with a gross margin of 39.62%[6]. - The company achieved operating revenue of 1,042.01 million yuan, a year-on-year increase of 53.57%[33]. - In 2022, the company had a total revenue of approximately 1.04 billion, with quarterly revenues of 258.22 million, 258.03 million, 281.06 million, and 244.69 million respectively[163]. Research and Development - The company’s R&D expenses amounted to CNY 331.69 million, a 36.15% increase compared to the previous year[16]. - Research and development expenses increased by 36.15% year-on-year to RMB 33,168.72 million, accounting for 31.83% of total revenue[175]. - The company launched 6 new products in the FPGA and FPSoC series, expanding its product line to meet broader market demands[175]. - The company has applied for a total of 272 intellectual property rights, with 181 granted, including 63 invention patents, enhancing its technological moat[175]. Product Development and Quality - The company has continuously optimized its product structure, resulting in a significant increase in the sales proportion of high-margin products and an overall improvement in gross margin compared to the same period last year[57]. - The company has launched multiple new products driven by innovative technologies[34]. - The company has strengthened its management system to enhance product quality, achieving several quality awards and certifications during the reporting period[43]. - The company has implemented a comprehensive supplier quality management system to ensure product quality and stability in supply chain operations[138]. Market Strategy and Expansion - The company plans to continue focusing on technology and product development, market expansion, and operational management improvements[32]. - The company plans to continue expanding its market presence and improving its supply chain to achieve strategic goals in the FPGA/FPSoC chip design field[52]. - The company is exploring market expansion opportunities through potential mergers and acquisitions[66]. - The company has established sales and service support teams in major cities including Shanghai, Beijing, and Shenzhen to enhance customer service and responsiveness[159]. Governance and Management - The company has a strong governance mechanism, ensuring effective management and oversight of subsidiaries to protect the interests of investors[92]. - The company held 6 board meetings during the year, with 4 conducted via communication methods[74]. - The company has established a complete performance evaluation system, optimizing its talent pool to build a first-class talent team[79]. - The company emphasizes the importance of investor relations management and has established diverse communication channels to maintain transparency and protect shareholder rights[144]. Environmental Responsibility - The company is committed to environmental protection and actively implements strategies aligned with national carbon neutrality goals[93]. - The company is focused on enhancing its environmental management measures and compliance with local regulations to improve sustainability[172]. - The company operates under a Fabless model, focusing on chip design and sales, with no direct manufacturing, thus avoiding industrial pollution[122]. - The company does not have any significant environmental pollution issues, as daily operations do not generate industrial waste[123]. Employee and Compensation - The total number of employees in the parent company and major subsidiaries is 408, with 328 being technical personnel[78]. - Employee stock ownership included 261 individuals, representing 63.97% of total employees, with 8,665.66 thousand shares held, accounting for 21.66% of total share capital[158]. - The company reported a total pre-tax compensation of 123.16 million CNY for the general manager during the reporting period[65]. - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 1,066.66 million[101]. Financial Health - The net cash flow from operating activities showed negative values across all quarters, with -120.84 million in Q1, -53.17 million in Q2, -18.58 million in Q3, and -89.69 million in Q4[163]. - The company reported a net cash flow from operating activities of CNY -282,275,926.40, worsening from CNY -162,472,200.70 in the previous year[187]. - The total assets at the end of 2022 were CNY 1,875,768,246.52, an increase from CNY 1,729,573,661.45 at the end of 2021[189].

证券代码： 688107 证券简称：安路科技 编号：2022-003 上海安路信息科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------|---------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Company Overview - The company achieved a revenue of 679 million CNY in 2021, representing a year-on-year growth of 141.44% due to expanding application fields and improved product performance [2] - The net profit attributable to shareholders was -30.85 million CNY, a decrease of 24.66 million CNY compared to the previous year [2] - The net profit excluding non-recurring gains and losses was -62.86 million CNY, an increase of 15.25 million CNY year-on-year [2] Group 2: Financial Performance - In Q1 2022, the company reported a revenue of 258 million CNY, a year-on-year increase of 72.15% [2] - The net profit attributable to shareholders for Q1 2022 was 18 million CNY, showing a significant year-on-year growth of 206.34% [2] Group 3: R&D and Market Strategy - The company is currently developing a vehicle-grade FPGA product, which is an extension of its three major product series [3] - R&D expenses are expected to remain stable as the company's revenue scales up, despite the high costs associated with advanced process R&D [3] - The company primarily uses distribution channels for sales, as the FPGA market has a long-tail demand with many small customers [3] Group 4: Supply Chain and Market Conditions - The impact of the Shanghai pandemic on logistics was minimal, and supply chain recovery is expected to mitigate overall effects on 2022 performance [3] - The company does not anticipate significant price increases from suppliers in Q2 and Q3 [3] - Pricing strategies will consider supply chain cost changes while maintaining long-term customer relationships [3]

证券代码： 688107 证券简称：安路科技 上海安路信息科技股份有限公司 投资者关系活动记录表 编号：2022-005 | --- | --- | --- | |-----------------------|-------------------------------------------------|--------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系 | □媒体采访 √业绩说明会 | | | 活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | □电话会议 | | | □其他 | （请文字说明其他活动内容） | | 参与单位名 称 | 参与本次业绩说明会的线上投资者 | | | 时间 | 2022 年 6 月 15 日 | | | 地点 | 上证路演中心网络平台（ | http://roadshow.sseinfo.com ） | | 上市公司参 加人员姓名 | 董事、总经理：陈利光 财务总监、董事会秘书：郑成 | | | | 独立董事：戴继雄 | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥281,063,911.75, representing a year-on-year increase of 61.81%[7] - The net profit attributable to shareholders for Q3 2022 was ¥23,875,790.10, showing a significant increase of 1,219.07% compared to the same period last year[7] - Total operating revenue for Q3 2022 reached ¥797,316,340.23, a significant increase of 60.9% compared to ¥495,389,836.94 in the same period of 2021[40] - Net profit for Q3 2022 was ¥61,609,646.30, a turnaround from a net loss of ¥2,151,890.50 in Q3 2021[42] - The total comprehensive income for Q3 2022 was ¥61,636,901.86, a significant improvement from a loss of ¥2,153,647.07 in the same quarter of the previous year[45] Research and Development - The total R&D investment for Q3 2022 was ¥87,608,268.75, an increase of 45.59% year-on-year, accounting for 31.17% of operating revenue[11] - Research and development expenses increased to ¥235,641,997.39 in the first three quarters of 2022, compared to ¥164,258,075.32 in the same period of 2021, marking a growth of 43.4%[40] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was -¥192,582,896.24, indicating increased cash outflow due to inventory buildup[11] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 819,930,847.59, a significant increase from CNY 451,994,411.51 in the same period of 2021, representing an increase of approximately 81.3%[49] - The net cash flow from investment activities for the first three quarters of 2022 was negative CNY 722,519,441.62, contrasting with a positive cash flow of CNY 51,074,022.04 in the same period of 2021[51] - The company received CNY 959,000,000.00 from investment recoveries in the first three quarters of 2022, a significant increase from CNY 310,000,000.00 in 2021[49] - The company paid CNY 1,634,000,000.00 for investments in the first three quarters of 2022, compared to CNY 220,000,000.00 in 2021, indicating a substantial increase of approximately 641.8%[51] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥1,828,222,758.38, reflecting a 5.70% increase from the end of the previous year[11] - The company's total liabilities amounted to ¥233,370,115.25, an increase from ¥220,704,475.65 year-over-year[40] - The total current liabilities increased to ¥215,484,446.13 from ¥198,647,904.04, marking an increase of approximately 8.7%[34] - The company's non-current assets totaled ¥100,223,502.38, up from ¥82,892,915.10, representing a growth of about 20.9%[34] Shareholder Information - The company has expanded its shareholder base to 7,784 ordinary shareholders by the end of the reporting period[17] - Major shareholders include Huada Semiconductor Co., Ltd. with a 29.17% stake and Shanghai Anxin Enterprise Management Partnership with a 20.81% stake[17] Earnings Per Share - The company reported a basic earnings per share of ¥0.06 for Q3 2022, a 500% increase compared to the same period last year[11] - Basic earnings per share for Q3 2022 were ¥0.15, compared to a loss of ¥0.01 per share in Q3 2021[45] Other Notable Points - The company has not disclosed any new product developments or technological advancements during the reporting period[27] - There are no significant mergers or acquisitions reported in the latest earnings call[27] - The company has not provided specific future guidance or market expansion strategies in the current report[27]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2022, representing a 25% year-over-year growth[19]. - The company achieved operating revenue of RMB 516,252,428.48, representing a year-on-year increase of 60.48% compared to RMB 321,694,375.70 in the same period last year[26]. - The net profit attributable to shareholders was RMB 37,733,856.20, a significant recovery from a loss of RMB 3,961,943.59 in the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 20,925,366.05, compared to a loss of RMB 12,545,872.88 in the same period last year[26]. - The company reported a net profit of ¥35,716,461.20, a 51.37% improvement compared to the previous year[102]. - The gross profit margin for the first half of 2022 was reported at 45%, an improvement from 40% in the same period last year[19]. Research and Development - The company has allocated 100 million RMB for research and development in 2022, representing a 50% increase from the previous year[19]. - The company achieved a total R&D investment of ¥148,033,728.64, representing a year-on-year increase of 42.22%[58]. - The company invested 28.67% of its operating revenue in R&D, a decrease of 3.69 percentage points compared to the previous year[28]. - The company has made significant advancements in FPGA hardware design, EDA software, testing technology, and application solutions, resulting in 16 new invention patents filed during the reporting period[51]. - The company applied for 25 new intellectual property rights during the reporting period, including 16 invention patents, and obtained 18 new rights, including 9 invention patents[56]. - The company is focusing on developing application IP and reference solutions for automotive electronics, targeting the growing demand for FPGA in automotive systems[63]. Market Expansion and Product Development - The company has set a future outlook with a revenue target of 1.2 billion RMB for the full year 2022, which would require a 20% growth in the second half[19]. - New product development includes the launch of a next-generation FPGA chip, expected to enhance processing speed by 40% compared to the previous model[19]. - The company is planning market expansion into Southeast Asia, targeting a 15% market share within the next two years[19]. - The FPGA chip market in China is forecasted to reach RMB 33.22 billion by 2025, with a compound annual growth rate of 17.1% from 2021 to 2025[36]. - The company launched a new PHOENIX series product and is developing several new products expected to enter the market in the second half of 2022[75]. Risks and Challenges - The company has identified potential risks including supply chain disruptions, which could impact production timelines[5]. - The company faces risks related to external environmental changes, including macroeconomic factors and industry competition, which could adversely affect revenue and operational performance[80]. - The company has identified potential risks related to supply chain disruptions and rising costs of raw materials, which could impact production capacity and profit margins[88]. - The company is at risk of losing high-quality R&D personnel if its incentive mechanisms do not remain competitive within the industry[83]. Shareholder and Governance Matters - The board has approved a profit distribution plan, although no dividends will be issued for this period[7]. - The company has committed to a 36-month lock-up period for major shareholders following its IPO[128]. - The company will prioritize cash dividends over stock dividends when distributing profits, provided that conditions for cash distribution are met[146]. - The company’s profit distribution policy allows for mid-term profit distributions under certain conditions[146]. - The company has committed to ensuring the accuracy and completeness of its prospectus, with legal responsibilities in case of false statements or omissions[158]. Operational Metrics - The company's cash flow from operating activities showed a net outflow of RMB 174,005,159.74, worsening from RMB -87,865,341.94 in the previous year[26]. - The company's total assets increased by 4.42% to RMB 1,806,043,185.30 from RMB 1,729,573,661.45 at the end of the previous year[26]. - The company's net assets attributable to shareholders rose by 3.21% to RMB 1,557,352,613.22 from RMB 1,508,869,185.80 at the end of the previous year[26]. - Cash and cash equivalents decreased by 79.39% to ¥239,880,365.52, accounting for 13.28% of total assets[98]. - Inventory increased by 57.63% to ¥421,720,922.52, representing 23.35% of total assets, due to significant stockpiling to meet rising sales demand[98]. Corporate Social Responsibility - The company has implemented measures to reduce carbon emissions by optimizing resource consumption and promoting low-carbon practices among employees[125]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[124].

Financial Performance - In 2021, the company achieved a sales revenue of 679 million CNY, while the net profit attributable to the parent company was -30.8491 million CNY, and the net profit excluding non-recurring gains and losses was -62.8639 million CNY[6]. - The company's cumulative undistributed profits (accumulated losses) reached -62.9652 million CNY by the end of 2021, indicating that profit distribution may not be possible in the near future[6]. - Despite being in a loss position, the company experienced significant revenue growth, benefiting from a robust demand in the domestic FPGA chip downstream market[6]. - The company's operating revenue for 2021 was CNY 678.52 million, representing a year-on-year increase of 141.44%[31]. - The net profit attributable to shareholders was a loss of CNY 30.85 million, a decrease of CNY 24.66 million compared to the previous year[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 62.86 million, an increase of CNY 15.25 million year-on-year[31]. - The company's total assets at the end of 2021 were CNY 1.73 billion, an increase of 290.58% compared to the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were CNY 1.51 billion, an increase of 366.29% year-on-year[31]. - The company's cash flow from operating activities was a net outflow of CNY 162.47 million, a decrease of 377.78% compared to the previous year[31]. - The company reported a net loss of 62.86 million RMB for the reporting period, with cumulative losses reaching 73.45 million RMB by the end of 2021[97]. Research and Development - The R&D expenditure as a percentage of operating revenue was 35.90%, a decrease of 8.77 percentage points compared to the previous year[34]. - The company maintained high R&D investment, which impacted profitability, as the main business profit was insufficient to cover management and R&D expenses[34]. - The total R&D investment reached approximately ¥243.62 million, a significant increase of 94.06% compared to the previous year, accounting for 35.90% of operating revenue[82][83]. - The company has developed advanced FPGA hardware design capabilities, achieving breakthroughs in logic units, signal interconnections, and clock networks, enhancing market competitiveness[72]. - The company’s proprietary FPGA EDA software, TangDynasty, is one of the few fully self-developed systems in China, addressing key technical challenges in the FPGA design process[73]. - The company has significantly increased R&D investment, resulting in rapid growth in sales revenue and customer numbers, achieving record sales volume during the reporting period[66]. - The company is focusing on expanding its R&D team and increasing expenditures on employee salaries and engineering costs to support ongoing projects in high-performance FPGA chips[83]. - The company applied for 60 new intellectual properties during the reporting period, including 35 invention patents and 10 software copyrights, with a total of 156 authorized intellectual properties as of December 31, 2021[80]. Market Position and Strategy - The company has become a leading FPGA chip design enterprise in China, focusing on independent innovation and developing a complete software toolchain and testing processes that meet international standards[66]. - The company aims to expand its market presence in emerging sectors such as data centers, artificial intelligence, and autonomous driving, while enhancing support for overseas clients[165]. - The FPGA chip market in China is projected to reach sales of 33.22 billion yuan by 2025, with a compound annual growth rate (CAGR) of 17.1% from 2021 to 2025[61]. - The company plans to focus on self-innovation and the development of competitive FPGA products to meet the growing domestic and international demand[165]. - The company is actively pursuing the development of high-integration programmable system-on-chip (SoC) solutions, integrating CPUs and other modules into single chips for various applications[69]. - The company has established a dual backup system for suppliers to ensure stable supply amid supply chain challenges[48]. - The company has built a professional sales team across major cities, improving customer engagement and support for future product launches[96]. Challenges and Risks - The company faces risks related to technology iteration and potential product development failures, which could impact its market position[99]. - The company faces risks from the replacement of its FPGA chips by other technologies, particularly ASICs, which may offer lower unit costs in fixed circuit applications[102]. - The company is experiencing pressure in R&D due to the complexity of its FPGA chips and EDA software, leading to significant R&D expenditures and challenges in funding and personnel allocation[104]. - The company operates under a Fabless model, relying on third-party manufacturers, which exposes it to risks related to rising wafer prices and processing costs due to capacity shortages[112]. - The ongoing impact of the COVID-19 pandemic may disrupt supply chains and affect demand in key markets, posing risks to the company's revenue growth[116]. Future Outlook - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[197]. - The company aims to develop next-generation FPGA products to meet market demands, focusing on advanced process and high integration[101]. - The company is investing heavily in R&D, with a budget allocation of $150 million for the development of new technologies in the upcoming year[197]. - New product lines are expected to contribute an additional $200 million in revenue over the next fiscal year[197]. - The company plans to enhance its marketing and service network to improve customer satisfaction and expand its application fields[167]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and supervision[174]. - The company plans to further improve its internal control and governance mechanisms to support sustainable growth[171]. - There were no significant changes in the management team during the reporting period, with all members maintaining their positions[189]. - The total pre-tax remuneration for the board members during the reporting period amounted to CNY 1,247.19 million[192].

Financial Performance - The company's revenue for Q1 2022 was ¥258,218,208.38, representing a year-on-year increase of 72.15%[6] - Net profit attributable to shareholders was ¥17,693,919.99, showing a significant increase of 206.34% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses reached ¥15,461,332.36, with an impressive growth of 870.90% year-on-year[6] - Basic earnings per share were ¥0.0442, reflecting a year-on-year increase of 167.88%[6] - Total operating revenue for Q1 2022 was CNY 258,218,208.38, an increase from CNY 149,994,714.02 in Q1 2021, representing a growth of approximately 72.4%[32] - The company reported a net loss of CNY 55,756,397.41 for Q1 2022, an improvement from a net loss of CNY 73,450,317.40 in Q1 2021[32] - The total profit for Q1 2022 was approximately $17.69 million, compared to $5.78 million in Q1 2021, representing an increase of 205.4%[36] - The company’s total comprehensive income for Q1 2022 was approximately $17.69 million, compared to $5.78 million in Q1 2021, reflecting an increase of 205.4%[37] Research and Development - Total R&D investment amounted to ¥71,134,918.61, which is 27.55% of the revenue, a decrease of 1.08 percentage points from the previous year[8] - Research and development expenses increased to $71.13 million in Q1 2022 from $42.95 million in Q1 2021, reflecting a growth of 65.5%[36] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥120,838,821.97, primarily due to increased cash payments for inventory to meet rising sales demand[16] - Cash and cash equivalents as of March 31, 2022, were CNY 1,049,050,647.58, down from CNY 1,163,816,520.00 as of December 31, 2021, a decrease of about 9.8%[26] - Cash flow from operating activities showed a net outflow of approximately $120.84 million in Q1 2022, compared to a net outflow of $78.63 million in Q1 2021[42] - The net cash flow from investing activities was $9,352,124.80, compared to a negative cash flow of $1,737,372.68 in the previous period[44] - The net cash flow from financing activities was negative at -$2,342,694.55, compared to -$4,261,663.71 in the previous period[44] - The net increase in cash and cash equivalents was -$113,830,467.63, compared to -$84,664,681.88 in the previous period[44] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,745,253,515.08, a slight increase of 0.91% from the end of the previous year[8] - Total assets as of March 31, 2022, amounted to CNY 1,745,253,515.08, compared to CNY 1,729,573,661.45 at the end of 2021, reflecting a slight increase of approximately 0.9%[30] - Total liabilities decreased to CNY 214,613,192.79 as of March 31, 2022, from CNY 220,704,475.65 at the end of 2021, a reduction of about 2.8%[32] - Non-current assets totaled CNY 90,485,505.39 as of March 31, 2022, compared to CNY 82,892,915.10 at the end of 2021, indicating an increase of approximately 9.6%[30] - The company’s total current assets were CNY 1,654,768,009.69 as of March 31, 2022, slightly up from CNY 1,646,680,746.35 at the end of 2021, an increase of about 0.5%[26] Shareholder Information - The top shareholder, Huada Semiconductor Co., Ltd., holds 29.17% of the shares, with a total of 116,691,243 shares[17] Financial Expenses - The company incurred financial expenses of approximately -$4.94 million in Q1 2022, compared to -$39,789.31 in Q1 2021, indicating a significant reduction in financial costs[36]