Cynda(603086)2022-04-25 16:00Revenue and Profitability - Revenue for Q1 2022 reached ¥561,203,087.34, an increase of 25.80% compared to the same period last year[5] - Net profit attributable to shareholders was ¥75,757,675.73, representing a significant increase of 266.00% year-on-year[5] - Basic earnings per share (EPS) stood at ¥0.34, up 161.54% from the same quarter last year[5] - Total operating revenue for Q1 2022 was CNY 561,203,087.34, an increase of 25.8% compared to CNY 446,091,252.68 in Q1 2021[14] - Net profit for Q1 2022 reached CNY 75,757,675.73, compared to CNY 20,699,023.43 in Q1 2021, representing a significant increase of 265.5%[15] - Earnings per share for Q1 2022 were CNY 0.34, up from CNY 0.13 in Q1 2021, indicating a growth of 161.5%[15] - The company reported a total profit of CNY 86,965,183.79 for Q1 2022, compared to CNY 24,426,239.64 in Q1 2021, representing an increase of 256.1%[15] - The total operating profit for Q1 2022 was CNY 33,230,173.58, up from CNY 7,190,812.33 in the same period last year, indicating a growth of 361.5%[25] Cash Flow and Liquidity - Net cash flow from operating activities was ¥113,749,921.62, a remarkable increase of 481.43% compared to the previous year[5] - The net cash flow from operating activities for Q1 2022 was ¥113,749,921.62, a significant improvement compared to a negative cash flow of ¥29,821,973.74 in Q1 2021, indicating a recovery in operational performance[18] - Cash received from sales of goods and services in Q1 2022 was CNY 591,658,321.58, compared to CNY 422,634,877.90 in Q1 2021, marking an increase of 40.0%[17] - The cash flow from operating activities showed a net outflow of CNY 17,235,351.07 in Q1 2022, worsening from a net outflow of CNY 9,212,901.32 in Q1 2021[28] - Cash and cash equivalents at the end of Q1 2022 amounted to CNY 91,860,903.25, an increase from CNY 53,860,548.77 at the end of Q1 2021[28] Assets and Liabilities - Total assets increased by 13.82% to ¥3,101,582,176.71 compared to the end of the previous year[5] - Total current assets as of March 31, 2022, amounted to CNY 2,026,075,092.48, an increase from CNY 1,668,730,530.62 at the end of 2021[11] - Total liabilities as of Q1 2022 amounted to CNY 1,184,633,191.61, compared to CNY 887,227,964.67 in the previous year, reflecting a growth of 33.5%[14] - The total liabilities amounted to ¥618,148,538.00, up from ¥416,530,570.00 in the previous year, reflecting increased financial obligations[23] - The company reported a total asset value of ¥2,046,473,077.68 as of March 31, 2022, an increase from ¥1,814,865,669.72 at the end of 2021[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,110[8] - The top 10 shareholders hold a combined 80.92% of the shares, with the largest shareholder, Wang Xianquan, owning 33.16%[8] - Total equity attributable to shareholders reached CNY 1,916,948,985.10 in Q1 2022, up from CNY 1,837,878,062.69 in Q1 2021, an increase of 4.3%[14] - The company’s equity totaled ¥1,428,324,539.68 as of March 31, 2022, compared to ¥1,398,335,099.72 at the end of 2021, showing a slight increase in shareholder equity[23] Research and Development - Research and development expenditures increased by 30.09% to ¥18,163,243.01, reflecting higher investment in compound development[7] - Research and development expenses for Q1 2022 were CNY 25,535,345.90, compared to CNY 22,991,964.88 in Q1 2021, showing an increase of 11.0%[14] - Research and development expenses for Q1 2022 were CNY 10,219,808.23, slightly down from CNY 11,110,406.19 in Q1 2021[24] Inventory and Borrowings - The company reported a 34.13% increase in inventory, totaling ¥684,072,180.17, due to preparations for domestic market product sales[7] - Short-term borrowings rose by 200.00% to ¥90,000,000.00, aimed at increasing cash flow reserves for operations[7] - Short-term borrowings rose to CNY 90,000,000.00 from CNY 30,000,000.00, indicating a significant increase in leverage[11] - Inventory increased to CNY 684,072,180.17 from CNY 510,019,926.59 at the end of 2021, reflecting a growth of approximately 34.1%[10] Other Financial Metrics - The weighted average return on equity (ROE) improved by 2.83 percentage points to 4.04%[5] - Non-recurring gains and losses totaled ¥6,040,845.40 after tax adjustments[6] - The deferred income tax liabilities decreased to CNY 531,239.89 in Q1 2022 from CNY 1,220,237.19 in Q1 2021, a reduction of 56.4%[14] - The company reported a financial income of CNY 806,444.10 in Q1 2022, a recovery from a loss of CNY 1,731,699.66 in Q1 2021[25] - The total comprehensive income for Q1 2022 was CNY 28,438,459.17, which is the same as the net profit, indicating no other comprehensive income items[25]