ANJI FOOD(603696)2022-05-24 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥108,933,184.15, representing a decrease of 16.46% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company was ¥2,909,331.39, down 78.52% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,461,920.98, a decrease of 57.21% compared to the previous year[6] - Basic earnings per share were ¥0.01, down 83.33% compared to the same period last year[7] - The company reported a total comprehensive income of ¥2,589,558.93 for Q1 2022, significantly lower than ¥13,980,651.61 in Q1 2021[21] - Net profit for Q1 2022 was ¥2,909,331.39, a decline of 78.5% from ¥13,546,976.38 in Q1 2021[21] Cash Flow - The net cash flow from operating activities was -¥28,422,925.50, a significant decline of 885.64% year-on-year[6] - Operating cash flow for Q1 2022 was negative at -¥28,422,925.50, compared to a positive cash flow of ¥3,617,786.39 in Q1 2021[23] - The company experienced a cash outflow from investing activities of -¥45,993,279.33 in Q1 2022, compared to an inflow of ¥29,301,197.04 in Q1 2021[24] - The cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was 4,151,080.40[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥624,819,272.93, a decrease of 2.54% from the end of the previous year[7] - As of March 31, 2022, total current assets amounted to RMB 360,833,646.45, a decrease from RMB 376,868,354.74 at the end of 2021, reflecting a decline of approximately 4.4%[15] - Total liabilities decreased to RMB 73,473,918.54 from RMB 92,371,513.37, indicating a reduction of about 20.5%[17] - The total assets decreased to CNY 646,185,053.25 in Q1 2022 from CNY 656,093,127.10 in Q1 2021, reflecting a decline of 1.4%[27] - The total liabilities decreased to CNY 71,552,147.96 in Q1 2022 from CNY 85,778,071.92 in Q1 2021, a reduction of 16.6%[27] Inventory and Receivables - Accounts receivable increased to RMB 14,594,615.63 from RMB 12,118,408.66, marking an increase of approximately 20.4%[16] - Inventory levels rose to RMB 35,912,113.73 from RMB 34,731,577.28, an increase of approximately 3.4%[16] - The company's inventory increased slightly to CNY 23,453,794.12 in Q1 2022 from CNY 23,274,268.97 in Q1 2021, an increase of 0.8%[26] - The company reported a decrease in accounts receivable to CNY 14,186,831.24 in Q1 2022 from CNY 12,291,037.98 in Q1 2021, an increase of 15.4%[26] Equity and Retained Earnings - The company's total equity increased slightly to RMB 551,345,354.39 from RMB 548,748,872.76, reflecting a growth of about 0.3%[17] - The company’s total equity increased to CNY 574,632,905.29 in Q1 2022 from CNY 570,315,055.18 in Q1 2021, an increase of 0.6%[27] - The company’s retained earnings as of March 31, 2022, were RMB 67,877,654.05, up from RMB 64,968,322.66, showing an increase of approximately 2.9%[17] Operational Challenges - The company experienced a significant decline in sales revenue due to transportation disruptions caused by the Spring Festival and COVID-19 in Quanzhou[10] - The increase in raw material prices contributed to a decline in overall gross margin during the reporting period[10] - The company has not disclosed any new product developments or market expansion strategies in the current report[15] Research and Development - Research and development expenses for Q1 2022 were ¥2,202,773.72, a decrease of 22.2% from ¥2,830,957.89 in Q1 2021[20] - The company's research and development expenses for Q1 2022 were CNY 2,202,773.72, down 22.2% from CNY 2,830,957.89 in Q1 2021[28]