Financial Performance - Net profit attributable to shareholders decreased by 34.82% year-on-year to ¥6,850,899.80 for the first quarter of 2022[15]. - Operating income for the first quarter of 2022 was ¥41,096,076.80, representing a decline of 7.81% compared to the same period in 2021[13]. - Basic earnings per share dropped by 50.00% to ¥0.09, primarily due to the decrease in net profit and an increase in share capital[15]. - The net profit after deducting non-recurring gains and losses fell by 40.87% year-on-year to ¥5,968,054.04[15]. - Total revenue for Q1 2022 was CNY 41,096,076.80, a decrease of 7.4% compared to CNY 44,576,026.05 in Q1 2021[33]. - Net profit for Q1 2022 was CNY 6,850,899.80, down 34.3% from CNY 10,510,733.43 in Q1 2021[34]. - Earnings per share for Q1 2022 were CNY 0.09, compared to CNY 0.18 in Q1 2021, reflecting a 50% decrease[35]. Assets and Liabilities - Total assets as of March 31, 2022, reached ¥494,403,506.02, an increase of 4.10% compared to the end of 2021[13]. - The company's total liabilities to assets ratio remained stable at 18.31% for both the parent and consolidated entities[13]. - Total liabilities rose to CNY 90,544,412.94, compared to CNY 77,909,164.60 in the previous year, indicating an increase of 16.2%[31]. - Non-current assets totaled CNY 157,065,137.42, slightly up from CNY 155,695,002.97[31]. - The total value of restricted assets is 13,886,513.40 yuan, representing 2.81% of total assets[25]. Cash Flow - Net cash flow from operating activities surged by 1,276.69% to ¥10,010,669.99, attributed to an increase in cash received from sales[15]. - Operating cash flow for Q1 2022 was $10,010,669.99, a significant increase from $727,154.53 in Q1 2021, representing a growth of approximately 1,276%[38]. - Total cash inflow from operating activities in Q1 2022 was $57,713,560.43, compared to $40,818,274.96 in Q1 2021, indicating a year-over-year increase of about 41.4%[37]. - Cash outflow from operating activities in Q1 2022 was $47,702,890.44, up from $40,091,120.43 in Q1 2021, reflecting an increase of approximately 18.5%[38]. - Cash and cash equivalents at the end of Q1 2022 totaled $206,442,343.89, compared to $50,411,579.50 at the end of Q1 2021, marking an increase of approximately 309%[38]. - The company received $2,366,519.86 in tax refunds in Q1 2022, compared to $1,402,841.47 in Q1 2021, which is an increase of about 68.7%[37]. - Cash outflow for employee compensation in Q1 2022 was $17,357,758.45, slightly down from $18,295,631.77 in Q1 2021, indicating a decrease of about 5.1%[38]. - Cash outflow for taxes in Q1 2022 was $790,988.77, up from $260,792.20 in Q1 2021, representing an increase of approximately 203%[38]. - Cash inflow from other operating activities in Q1 2022 was $812,220.57, compared to $234,095.93 in Q1 2021, reflecting an increase of about 247%[37]. - The company experienced a net decrease in cash and cash equivalents of $1,973,554.96 in Q1 2022, an improvement from a decrease of $12,453,362.92 in Q1 2021[38]. Shareholder Information - The company reported a total of 11,340 shareholders as of the reporting period[19]. - The registered capital of the company is ¥77,924,130[11]. - The total number of shares held by the top ten shareholders is 42,578,944, representing 54.64% of the total shares[20]. - The largest shareholder, Ai Jianjie, holds 11,758,260 shares, accounting for 15.09% of the total shares[20]. Inventory and Receivables - Accounts receivable decreased from 49,099,513.08 yuan at the end of 2021 to 34,040,435.05 yuan as of March 31, 2022[29]. - Inventory increased from 36,594,060.02 yuan at the end of 2021 to 48,236,725.90 yuan as of March 31, 2022[29]. Company Operations - The company is engaged in the manufacturing of batteries, specifically in the electric machinery and equipment sector[11]. - The company is focusing on enhancing its research and development efforts, with R&D expenses amounting to CNY 2,439,065.73 in Q1 2022, compared to CNY 2,304,411.10 in Q1 2021[34]. - The company plans to expand its market presence and explore potential mergers and acquisitions to drive future growth[36]. Legal and Compliance - The company has no outstanding litigation or arbitration matters during the reporting period[23]. - There are no external guarantees or loans provided by the company during the reporting period[23]. - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[26]. - All commitments made by the company have been fulfilled without any violations during the reporting period[25].
德瑞锂电(833523) - 2022 Q1 - 季度财报