SGC(603269)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥238,445,214.51, representing a year-on-year increase of 75.84%[5] - The net profit attributable to shareholders of the listed company was ¥2,783,114.90, up 35.78% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 140.33% year-on-year, amounting to ¥3,030,241.75[5] - Net profit for Q1 2022 reached ¥3,733,348.88, compared to ¥1,892,457.23 in Q1 2021, marking an increase of approximately 96.9%[20] - The company reported a total profit of ¥6,667,154.04 for Q1 2022, compared to ¥2,952,223.86 in Q1 2021, which is an increase of about 125.5%[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥44,786,872.01, reflecting an increase of 18.66% compared to the previous year[5] - The net cash flow from operating activities for Q1 2022 was -¥44,786,872.01, an improvement from -¥55,059,950.07 in Q1 2021[23] - Cash and cash equivalents at the end of Q1 2022 totaled ¥131,019,136.75, down from ¥159,493,130.38 at the end of Q1 2021[24] - The company's cash and cash equivalents decreased to CNY 225,230,027.52 from CNY 254,161,725.35, a decline of about 11.4%[15] - The company’s financing activities generated a net cash flow of ¥34,634,859.97 in Q1 2022, compared to ¥51,948,802.61 in Q1 2021[24] - The company experienced a foreign exchange impact on cash and cash equivalents of ¥196,769.36 in Q1 2022, compared to -¥13,441.37 in Q1 2021[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,398,392,040.68, a 1.17% increase from the end of the previous year[6] - The company's current assets totaled CNY 1,910,384,700.35, compared to CNY 1,873,128,183.51 at the end of 2021, indicating an increase of about 2.4%[15] - The total liabilities stood at CNY 1,499,702,624.74, up from CNY 1,473,116,785.25, representing a rise of approximately 1.8%[17] - The total non-current assets were CNY 488,007,340.33, down from CNY 497,609,220.42, reflecting a decrease of approximately 1.3%[16] Shareholder Metrics - The weighted average return on equity increased by 0.08 percentage points to 0.32%[6] - The equity attributable to shareholders of the listed company was ¥884,089,758.96, showing a slight increase of 0.04% from the previous year[6] - The company's equity attributable to shareholders was CNY 884,089,758.96, a slight increase from CNY 883,714,719.71, indicating a growth of about 0.4%[17] - The company reported a basic earnings per share of ¥0.02, unchanged from the previous year[5] - Basic and diluted earnings per share for Q1 2022 remained at ¥0.02, consistent with Q1 2021[21] Operating Costs and Revenue Drivers - Total operating costs for Q1 2022 were ¥232,883,484.84, up from ¥131,439,050.81 in Q1 2021, reflecting an increase of about 77.1%[20] - The increase in operating revenue was attributed to a rise in completed projects compared to the same period last year[8] - Research and development expenses for Q1 2022 were ¥6,087,410.98, significantly higher than ¥2,721,506.45 in Q1 2021, indicating an increase of approximately 124.4%[20] Government Support - The company received government subsidies amounting to ¥572,759.30, which are closely related to its normal business operations[7] Other Financial Metrics - The company's cash and cash equivalents decreased to CNY 225,230,027.52 from CNY 254,161,725.35, a decline of about 11.4%[15] - Accounts receivable amounted to CNY 466,657,471.20, slightly down from CNY 479,954,361.22, showing a decrease of approximately 2.8%[15] - Inventory increased to CNY 930,226,508.43 from CNY 904,797,410.96, reflecting a growth of about 2.8%[15] - Short-term borrowings rose to CNY 343,613,997.34 from CNY 300,581,744.31, an increase of approximately 14.3%[17] - The company reported a decrease in other payables to CNY 5,951,967.99 from CNY 10,810,653.77, a decline of about 44.0%[17]