Financial Performance - The company's operating revenue for Q1 2022 was ¥167,200,555.17, a decrease of 6.64% compared to ¥179,086,519.01 in the same period last year[3] - Net profit attributable to shareholders was ¥23,334,868.94, down 23.53% from ¥30,513,346.85 year-on-year[3] - The company's basic earnings per share decreased by 20.83% to ¥0.19 from ¥0.24 in the same period last year[3] - The weighted average return on equity fell to 2.97%, down 2.17% from 5.14% in the previous year[3] - The net profit attributable to the parent company for Q1 2022 was ¥23,334,868.94, a decrease from ¥30,513,346.85 in Q1 2021, representing a decline of approximately 23.5%[19] - The basic and diluted earnings per share for Q1 2022 were both ¥0.19, down from ¥0.24 in the same period last year, indicating a decrease of 20.8%[19] - The company reported a total comprehensive income of ¥23,334,868.94 for Q1 2022, down from ¥30,513,346.85 in the previous year, indicating a decline of approximately 23.5%[19] Cash Flow - The net cash flow from operating activities was -¥30,447,425.80, representing a decline of 181.18% compared to ¥37,504,629.07 in the previous year[3] - Cash inflow from operating activities totaled ¥244,163,217.20, compared to ¥295,364,221.86 in Q1 2021, reflecting a decrease of about 17.3%[21] - The net cash flow from operating activities was negative at -¥30,447,425.80, contrasting with a positive net cash flow of ¥37,504,629.07 in the previous year[21] - Cash inflow from investment activities was ¥91,124,121.30, down from ¥105,120,239.46 in Q1 2021, a decrease of approximately 13.5%[22] - The net cash flow from investment activities improved to ¥74,072,112.40, compared to a negative net cash flow of -¥27,613,230.40 in the same period last year[22] - The net cash flow from financing activities was -¥32,994,119.89, worsening from -¥5,093,882.28 in Q1 2021[22] - The total cash and cash equivalents at the end of Q1 2022 stood at ¥73,673,356.63, an increase from ¥42,873,636.89 at the end of Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,337,731,066.55, a decrease of 2.62% from ¥1,373,769,404.61 at the end of the previous year[3] - Accounts receivable decreased to CNY 417,932,398.44 from CNY 442,804,502.23, indicating a reduction of about 5.6%[13] - Inventory increased to CNY 340,593,112.46 from CNY 296,678,989.74, reflecting an increase of approximately 14.8%[13] - Total liabilities decreased to CNY 540,842,077.72 from CNY 600,215,284.72, a reduction of approximately 9.9%[15] - Current liabilities decreased to CNY 533,218,225.18 from CNY 595,698,955.66, a decline of approximately 10.5%[15] - Non-current assets increased to CNY 185,890,039.05 from CNY 174,761,060.44, showing an increase of about 6.5%[14] Investment and R&D - The company plans to invest a net amount of ¥119,699.87 million raised from its IPO into projects closely related to its existing business, focusing on water-saving valve technology innovation[11] - The company aims to enhance its R&D capabilities through the establishment of a new R&D center, which will support the continuous development of its core technologies[11] Other Information - The company reported a 37.49% decrease in trading financial assets due to repayment of loans, leading to reduced idle funds for short-term financial products[7] - The company experienced a 42.82% increase in contract liabilities, attributed to an increase in advance payments received in Q1 2022[7] - The company did not conduct an audit for the Q1 2022 report[23]

Financial Performance - The company's operating revenue for Q1 2022 was ¥167,200,555.17, a decrease of 6.64% compared to ¥179,086,519.01 in the same period last year[3] - Net profit attributable to shareholders was ¥23,334,868.94, down 23.53% from ¥30,513,346.85 year-on-year[3] - Total operating revenue for the first quarter was CNY 167,200,555.17, a decrease of 6.5% from CNY 179,086,519.01 in the previous year[17] - Net profit for the quarter was CNY 23,334,868.94, representing a decline of 23.5% compared to CNY 30,513,346.85 in the same period last year[18] - The company’s total comprehensive income for Q1 2022 was ¥23,334,868.94, reflecting a decrease from ¥30,513,346.85 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was -¥30,447,425.80, a decline of 181.18% compared to ¥37,504,629.07 in the previous year[3] - Cash inflow from operating activities totaled ¥244,163,217.20, a decline of 17.3% from ¥295,364,221.86 in the previous year[21] - The net cash flow from operating activities was -¥30,447,425.80, compared to a positive ¥37,504,629.07 in Q1 2021[21] - Cash inflow from investment activities was ¥91,124,121.30, down from ¥105,120,239.46 in the previous year[22] - The net cash flow from investment activities improved to ¥74,072,112.40, compared to -¥27,613,230.40 in the same period last year[22] - The net cash flow from financing activities was -¥32,994,119.89, worsening from -¥5,093,882.28 in Q1 2021[22] - The total cash and cash equivalents at the end of Q1 2022 were ¥73,673,356.63, an increase from ¥42,873,636.89 at the end of Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,337,731,066.55, a decrease of 2.62% from ¥1,373,769,404.61 at the end of the previous year[3] - Total assets decreased to CNY 1,337,731,066.55 from CNY 1,373,769,404.61, a reduction of 2.6%[15] - Total liabilities decreased to CNY 540,842,077.72 from CNY 600,215,284.72, a decline of 9.9%[15] Equity and Earnings - The weighted average return on equity decreased to 2.97% from 5.14% in the previous year[3] - The company’s total equity increased to CNY 796,888,988.83 from CNY 773,554,119.89, reflecting a growth of 3.0%[15] - The basic and diluted earnings per share for Q1 2022 were both ¥0.19, down from ¥0.24 in Q1 2021[19] Operational Efficiency - The company reported a significant increase in contract liabilities by 42.82%, indicating a rise in advance payments received[7] - The company experienced a 100% decrease in investment income due to the purchase of bank wealth management products not reaching the settlement period[8] - The company aims to improve its smart information management level through an information technology upgrade project, enhancing operational efficiency[11] - Research and development expenses remained stable at CNY 9,225,019.68, slightly down from CNY 9,309,852.08[18] - The company plans to enhance its R&D capabilities through the establishment of a new R&D center, which will support the continuous development of its core technologies[11] Inventory and Costs - Total operating costs amounted to CNY 146,120,207.96, down 2.5% from CNY 149,661,906.11 year-over-year[18] - Inventory levels rose to CNY 340,593,112.46, up 14.8% from CNY 296,678,989.74 at the start of the year[14] - The company reported a significant reduction in financial expenses, which fell to CNY 1,299,960.73 from CNY 2,344,823.55, a decrease of 44.5%[18]

Financial Performance - The company's operating revenue for Q1 2022 was ¥167,200,555.17, a decrease of 6.64% compared to ¥179,086,519.01 in the same period last year[3]. - Net profit attributable to shareholders was ¥23,334,868.94, down 23.53% from ¥30,513,346.85 year-on-year[3]. - Total operating revenue for the current period is CNY 167,200,555.17, compared to CNY 179,086,519.01 in the previous period[17]. - Net profit for the current period is CNY 23,334,868.94, a decrease from CNY 30,513,346.85 in the previous period[18]. - The basic and diluted earnings per share for Q1 2022 were both ¥0.19, down from ¥0.24 in the same period last year, indicating a decrease of 20.8%[19]. - The company reported a decrease in sales expenses to CNY 29,028,065.95 from CNY 27,663,418.32, reflecting a cost management strategy[18]. - The company reported a cash inflow from sales of goods and services of ¥214,793,397.08, down from ¥264,536,963.47 in the previous year, a decline of about 18.8%[21]. - The company’s total comprehensive income for Q1 2022 was ¥23,334,868.94, a decrease from ¥30,513,346.85 in Q1 2021, indicating a decline of approximately 23.5%[19]. Cash Flow - The net cash flow from operating activities was -¥30,447,425.80, a decline of 181.18% compared to ¥37,504,629.07 in the previous year[3]. - Cash inflows from operating activities totaled ¥244,163,217.20, compared to ¥295,364,221.86 in Q1 2021, reflecting a decrease of about 17.3%[21]. - The net cash flow from operating activities was negative at -¥30,447,425.80, contrasting with a positive net cash flow of ¥37,504,629.07 in the previous year[21]. - Cash inflows from investment activities amounted to ¥91,124,121.30, down from ¥105,120,239.46 in Q1 2021, a decrease of approximately 13.5%[22]. - The net cash flow from investment activities was positive at ¥74,072,112.40, compared to a negative net cash flow of -¥27,613,230.40 in the same period last year[22]. - The net cash flow from financing activities was negative at -¥32,994,119.89, worsening from -¥5,093,882.28 in Q1 2021[22]. - The total cash and cash equivalents at the end of Q1 2022 were ¥73,673,356.63, an increase from ¥42,873,636.89 at the end of Q1 2021, representing a growth of approximately 72.0%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,337,731,066.55, a decrease of 2.62% from ¥1,373,769,404.61 at the end of the previous year[3]. - Current assets total CNY 1,151,841,027.50, a decrease from CNY 1,199,008,344.17 at the beginning of the year[14]. - Total liabilities decreased to CNY 540,842,077.72 from CNY 600,215,284.72, indicating a decline of approximately 9.9%[15]. - Short-term borrowings decreased to CNY 160,087,744.44 from CNY 190,370,633.33, a reduction of about 15.9%[15]. - Non-current assets total CNY 185,890,039.05, an increase from CNY 174,761,060.44 at the beginning of the year[14]. Investments and Expenses - The company plans to invest a net amount of ¥119,699.87 million raised from its IPO into projects closely related to its existing business, including expansion of production bases and R&D capabilities[11]. - The company has ongoing investments in research and development, with R&D expenses reported at CNY 9,225,019.68, slightly down from CNY 9,309,852.08[18]. - The company experienced a 100% decrease in investment income due to the purchase of bank wealth management products not reaching the settlement period[8]. - The company’s cash flow from investing activities decreased by 368.25%, attributed to reduced investment payments[8]. - The company’s financial expenses decreased by 44.56% due to loan repayments[8]. - Total operating costs for the current period amount to CNY 146,120,207.96, down from CNY 149,661,906.11 in the previous period[18]. - The weighted average return on equity decreased to 2.97% from 5.14% in the previous year[3]. - The company reported a significant increase in contract liabilities by 42.82%, primarily due to an increase in advance payments received[7].