Tricolor(SH:603516)2022-04-19 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥66,610,048.09, representing a year-on-year decrease of 22.45%[3] - The net profit attributable to shareholders was -¥8,371,580.73, with a basic and diluted earnings per share of -¥0.05[3] - The net profit for Q1 2022 was a loss of ¥8,371,874.18, compared to a profit of ¥11,874,510.27 in Q1 2021, indicating a significant decline[17] - The operating profit for Q1 2022 was a loss of ¥5,513,979.21, down from a profit of ¥14,780,756.22 in Q1 2021[17] - The company reported a total comprehensive loss of ¥8,371,874.18 for Q1 2022, contrasting with a comprehensive income of ¥11,874,510.27 in Q1 2021[18] - Basic and diluted earnings per share for Q1 2022 were both -¥0.05, compared to ¥0.06 in Q1 2021[18] Cash Flow and Liquidity - The net cash flow from operating activities was -¥457,758.17, indicating a significant decline in cash generation[3] - Cash flow from operating activities in Q1 2022 was a net outflow of ¥457,758.17, an improvement from a net outflow of ¥6,843,676.53 in Q1 2021[19] - Cash and cash equivalents at the end of Q1 2022 were ¥204,876,414.83, down from ¥264,271,909.07 at the end of Q1 2021[20] - The company received cash from operating activities totaling ¥132,769,473.69 in Q1 2022, an increase from ¥95,302,504.29 in Q1 2021[19] - Investment activities resulted in a net cash outflow of ¥70,016,236.68 in Q1 2022, compared to a net outflow of ¥188,280,432.71 in Q1 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,436,751,100.58, down 1.74% from the end of the previous year[4] - As of March 31, 2022, the total assets of Beijing Chunzhi Technology Co., Ltd. amounted to CNY 1,436,751,100.58, a decrease from CNY 1,462,256,746.72 at the end of 2021[12][14] - The company's current assets totaled CNY 1,001,469,006.36, slightly down from CNY 1,023,166,134.87 at the end of 2021, representing a decrease of approximately 2.3%[12][14] - Cash and cash equivalents were reported at CNY 205,108,082.63, down from CNY 278,555,214.44, indicating a decline of about 26.3%[12][14] - The company's total liabilities decreased to CNY 369,093,494.21 from CNY 396,027,911.79, reflecting a reduction of approximately 6.8%[14] - The total equity attributable to shareholders increased slightly to CNY 1,067,337,899.82 from CNY 1,066,228,834.93, showing a marginal growth of about 0.1%[14] Receivables and Payables - The company experienced a 49.61% decrease in notes receivable, primarily due to the maturity of commercial bills[6] - Accounts receivable decreased to CNY 194,163,070.74 from CNY 223,984,737.25, a decline of approximately 13.4%[12][14] - The company reported a total of CNY 35,295,081.71 in accounts payable, down from CNY 51,957,627.97, indicating a decrease of about 32.2%[13][14] - The company reported a total of CNY 8,868,340.27 in taxes payable, down from CNY 10,769,531.41, indicating a decrease of approximately 17.6%[13][14] Inventory and Prepayments - The company reported a 200% increase in prepayments, attributed to increased advance payments for inventory[6] - The company's inventory increased to CNY 103,617,809.95 from CNY 99,687,502.93, reflecting an increase of about 3.0%[12][14] Operational Outlook - The company anticipates improvement in operational metrics as the pandemic situation stabilizes and social order returns to normal[4]