OLYMPIC(SH:603920)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥977,580,434.94, representing a 42.15% increase compared to the same period last year[6]. - The net profit attributable to shareholders was ¥47,226,061.04, reflecting a 69.09% increase year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,124,497.92, which is a 50.40% increase compared to the previous year[6]. - The basic earnings per share for the period was ¥0.09, up by 26.76% from the same quarter last year[6]. - The company reported a net profit attributable to shareholders of RMB 61.16 million for Q1 2022, representing a 118.97% increase year-over-year when excluding the loss of RMB 19.90 million from the acquisition of Zhuhai Nai Electronics[26]. - Net profit for Q1 2022 was ¥41,130,037.92, representing a 47.5% increase compared to ¥27,839,436.45 in Q1 2021[37]. - The total comprehensive income for Q1 2022 was ¥38,217,020.35, compared to ¥28,829,303.92 in Q1 2021[41]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥44,840,766.08, a decrease of 140.59% year-over-year, primarily due to increased procurement costs and rising raw material prices[6][17]. - Cash flow from operating activities in Q1 2022 was ¥1,032,302,493.04, an increase from ¥753,470,585.27 in Q1 2021[41]. - Cash inflow from operating activities was $1,145,849,673.47, an increase from $822,677,706.84 in the previous period[45]. - Cash outflow for operating activities reached $1,190,690,439.55, compared to $712,192,925.11 in the previous period[45]. - The company's cash and cash equivalents stood at RMB 1,616.52 million, down from RMB 1,772.18 million in the previous year[27]. - Cash and cash equivalents at the end of the period totaled $1,567,723,201.86, down from $2,275,803,074.94 in the previous period[47]. - The net increase in cash and cash equivalents was -$153,506,126.14, contrasting with a significant increase of $1,141,046,605.75 in the previous period[47]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,010,492,904.27, a slight increase of 0.35% from the end of the previous year[9]. - Total assets as of March 31, 2022, amounted to RMB 6,010.49 million, compared to RMB 5,989.25 million as of December 31, 2021[27]. - Current assets decreased to RMB 3,535.93 million from RMB 3,701.45 million year-over-year[31]. - Total liabilities decreased to RMB 2,847.48 million from RMB 2,911.16 million year-over-year[34]. - The company’s equity attributable to shareholders was RMB 3,162.02 million, reflecting a slight increase from RMB 3,078.09 million in the previous year[34]. Operational Highlights - The company attributed the revenue growth to increased business volume and the acquisition of Zhuhai Nai Electric Co., Ltd.[14]. - The company is currently integrating the acquired Zhuhai Nai Electronics, which is expected to enhance future performance once fully integrated[26]. - The company has plans for market expansion and new product development in the upcoming quarters[26]. - Research and development expenses for Q1 2022 were ¥37,118,477.59, up from ¥27,605,342.09 in Q1 2021, indicating a focus on innovation[36]. Costs and Expenses - Total operating costs for Q1 2022 were ¥929,640,822.73, up 42.7% from ¥650,804,806.44 in Q1 2021[36]. - The company reported a decrease in tax and additional fees to ¥1,453,456.02 from ¥2,673,590.90 in the previous year[36]. - The company reported a decrease in non-recurring gains and losses, with a total of ¥101,563.12 for the period[13]. Foreign Exchange and Financing Activities - The company experienced a foreign exchange loss of ¥2,913,017.57 in Q1 2022, contrasting with a gain of ¥989,867.47 in Q1 2021[41]. - Total cash inflow from financing activities was $209,276,973.56, compared to $1,180,725,278.67 in the previous period[47]. - Cash outflow for financing activities amounted to $111,484,843.73, up from $58,201,244.39 in the previous period[47]. - The company repaid $108,108,281.36 in debt, an increase from $52,122,244.39 in the previous period[47].