Eurocrane(603966)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥325,733,781.17, representing a year-on-year increase of 19.59%[6] - The net profit attributable to shareholders for the same period was ¥21,075,020.78, reflecting a significant increase of 53.74% compared to the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,935,104.47, up by 32.57% year-on-year[6] - The basic earnings per share for Q1 2022 was ¥0.07, which is an increase of 40.40% compared to the same period last year[6] - Total operating revenue for Q1 2022 was CNY 325,733,781.17, an increase of 19.6% compared to CNY 272,372,795.42 in Q1 2021[22] - Net profit for Q1 2022 reached CNY 21,122,052.92, representing a 54.5% increase from CNY 13,668,845.54 in Q1 2021[23] - The company reported a total comprehensive income of CNY 23,330,281.89 for Q1 2022, compared to CNY 13,149,811.95 in Q1 2021[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥54,488,405.54, a decline of 234.44% year-on-year, primarily due to increased payments for goods and related operating expenses[6] - Cash flow from operating activities for Q1 2022 was negative CNY 54,488,405.54, a decline from positive CNY 40,530,389.29 in Q1 2021[27] - The company's cash and cash equivalents were reported at RMB 503,821,428.48, down from RMB 713,134,171.44 at the end of 2021, indicating a decrease of approximately 29.3%[16] - The net increase in cash and cash equivalents was -$219,583,356.83, a significant decline from -$74,908,620.43 in the prior period[28] - The ending balance of cash and cash equivalents decreased to $462,767,906.30 from $629,973,994.32 at the beginning of the period[28] - The company’s total cash and cash equivalents at the beginning of the period were $682,351,263.13, reflecting a strong liquidity position prior to the cash outflows[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,080,470,379.82, showing a slight increase of 0.28% from the end of the previous year[7] - The equity attributable to shareholders at the end of the reporting period was ¥1,318,289,427.54, which is an increase of 1.88% compared to the end of the previous year[7] - Total liabilities as of Q1 2022 were CNY 1,758,989,428.76, slightly down from CNY 1,774,679,456.07 in Q1 2021[22] - Current liabilities totaled RMB 1,331,942,683.56, down from RMB 1,397,469,935.21, representing a decrease of about 4.7%[17] - The company's long-term borrowings were reported at RMB 87,166,589.38, a decrease from RMB 95,516,631.00, indicating a reduction of approximately 8.5%[17] Shareholder Information - The company has a significant portion of its shares held by major shareholders, with the top three shareholders holding a combined 49.68% of the total shares[13] Research and Development - Research and development expenses for Q1 2022 totaled CNY 18,840,257.76, an increase of 19.1% from CNY 15,684,608.50 in Q1 2021[22] - The company has not reported any new product launches or technological advancements in the current quarter[14] Government Subsidies - The company reported a government subsidy of ¥8,923,054.91, which is closely related to its normal business operations[8] Accounting and Reporting - The company executed the new accounting standards starting from 2022, which may impact financial reporting and analysis going forward[28] - The company’s financial report was released on April 26, 2022, indicating timely disclosure of financial performance[28]