Cambricon(SH:688256)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥62,990,732.03, representing a 74.34% increase compared to the same period last year[4]. - The net profit attributable to shareholders was -¥287,383,523.88, with a significant increase in losses due to higher R&D expenses and stock-based compensation[4][7]. - The net loss for Q1 2022 was RMB 298,099,949.95, compared to a net loss of RMB 205,592,433.45 in Q1 2021, representing a 44.8% increase in losses[17]. - The total profit for Q1 2022 was RMB -298,086,151.40, compared to RMB -205,592,433.45 in Q1 2021, indicating a decline in profitability[17]. - Basic and diluted earnings per share for Q1 2022 were both -0.72, compared to -0.51 in Q1 2021[18]. - The company reported a net loss of RMB 2,403,240,651.06 as of March 31, 2022, compared to a net loss of RMB 2,115,857,127.18 as of December 31, 2021[14]. Research and Development - R&D investment totaled ¥278,627,196.84, an increase of 42.68% year-on-year, reflecting the company's commitment to enhancing its research capabilities[4][7]. - R&D expenses in Q1 2022 reached RMB 278,627,196.84, an increase of 42.6% compared to RMB 195,284,588.59 in Q1 2021[16]. - The ratio of R&D investment to operating revenue was 442.33%, a decrease of 98.16 percentage points, indicating that revenue growth outpaced the increase in R&D spending[5][7]. - The proportion of R&D expenses to operating revenue was 442.33%, a decrease of 98.16 percentage points year-over-year[26]. - Total R&D investment rose by 42.68%, reflecting the company's commitment to enhancing R&D capabilities and talent acquisition[28]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥393,752,601.79, worsening from -¥284,791,691.24 in the same period last year[4][5]. - Cash flow from operating activities in Q1 2022 was RMB 65,495,479.11, a significant increase from RMB 34,443,077.48 in Q1 2021[19]. - Cash flow from operating activities showed a net outflow, attributed to increased salaries for R&D personnel and higher inventory expenditures compared to the previous year[28]. - The company reported a net cash flow from financing activities of ¥28,355,970.92, compared to -¥19,250,061.63 in Q1 2021[21]. - Cash inflow from investment activities in Q1 2022 was 4,516,866,976.56 RMB, compared to 2,400,517,991.63 RMB in Q1 2021, showing an increase of approximately 88.1% year-over-year[41]. - Cash outflow from investment activities for Q1 2022 was 4,668,562,786.53 RMB, compared to 4,433,683,788.54 RMB in Q1 2021, indicating an increase of about 5.3% year-over-year[41]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,613,711,313.46, down 5.37% from the end of the previous year[5]. - Cash and cash equivalents decreased to RMB 2,403,714,179.80 from RMB 2,920,845,845.45, representing a decline of about 17.7%[12]. - Total current assets decreased to RMB 5,798,019,297.35 from RMB 6,170,814,692.38, a reduction of approximately 6.0%[12]. - Total liabilities decreased to RMB 829,328,001.79 from RMB 1,008,934,855.50, a reduction of about 17.8%[14]. - The company's equity attributable to shareholders decreased to RMB 5,702,268,930.94 from RMB 5,890,957,274.58, reflecting a decline of approximately 3.2%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,750[8]. - The largest shareholder, Chen Tian Shi, held 29.81% of the shares, totaling 119,497,756 shares[8]. - The second-largest shareholder, Beijing Zhongke Suanyuan Asset Management Co., Ltd., holds 65,669,721 shares, accounting for 16.38%[30].