M&S ELECTRONICS(688311)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥12,440,757.23, representing a decrease of 37.51% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥12,426,784.62, indicating a significant loss[7]. - The company reported a net operating loss of ¥12,538,060.59 for Q1 2022, compared to a profit of ¥1,822,149.50 in Q1 2021[38]. - The net profit for the current period is -12,383,314.27 RMB, compared to a net profit of 916,839.77 RMB in the previous period, indicating a significant loss[41]. - The basic earnings per share for the current period is -0.11 RMB, compared to 0.01 RMB in the previous period[41]. - The company incurred a total tax expense of -152,585.93 RMB during the current period[41]. - The company’s total comprehensive income for the current period is -12,383,314.27 RMB, reflecting the same loss as the net profit[41]. - Net loss for the first quarter was -1,911,555.99 compared to -1,026,782.13 in the previous year, representing an increase in loss of approximately 86%[56]. Cash Flow - The net cash flow from operating activities was -128,071,141.88 RMB, an increase of 752.26% in cash outflow compared to the previous year[7]. - Cash inflow from operating activities totaled 51,123,774.31 RMB, while cash outflow was 179,194,916.19 RMB, resulting in a net cash flow from operating activities of -128,071,141.88 RMB[43]. - The cash flow from financing activities resulted in a net outflow of -39,649,256.48 RMB, compared to an inflow of 72,278,336.77 RMB in the previous period[45]. - The net cash flow from financing activities was -79.40 million in the previous period[60]. - The net increase in cash and cash equivalents was -127.86 million in the previous period[60]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,277,047,353.88, down 9.52% from the end of the previous year[9]. - Total assets decreased to ¥2,277,047,353.88 in Q1 2022 from ¥2,513,966,663.06 in Q1 2021, a decline of 9.4%[34]. - Total liabilities decreased to ¥502,790,933.75 in Q1 2022 from ¥693,080,843.58 in Q1 2021, a reduction of 27.5%[34]. - Total liabilities decreased from 302,969,100.43 to 202,628,662.85, a decline of approximately 33.2%[52]. - Current assets decreased from 840,657,138.53 to 673,723,623.74, a decline of approximately 20%[52]. Research and Development - Research and development expenses totaled ¥13,117,849.85, an increase of 44.00% year-on-year[9]. - The ratio of R&D expenses to operating revenue was 105.44%, reflecting a substantial investment in innovation despite declining revenues[9]. - Research and development expenses rose to ¥13,117,849.85, representing a 44.1% increase from ¥9,109,734.51 in the same period last year[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,366[18]. - The largest shareholder, Chengdu Rongtou Innovation Investment Co., Ltd., held 28.96% of the shares, totaling 33,213,100 shares[18]. - The top shareholder, China Construction Bank, holds 3,931,319 shares of the company[23]. - The company reported a total of 114,670,000 shares outstanding as of the reporting date[25]. Inventory and Receivables - Accounts receivable amounted to RMB 506,613,317.30, down from RMB 531,822,038.83, indicating a decrease of 4.73%[28]. - Inventory increased to RMB 192,805,424.26 from RMB 167,731,029.66, reflecting an increase of 14.93%[28]. Share Repurchase - The company initiated a share repurchase plan with a total fund of no less than RMB 25 million and no more than RMB 50 million, with a maximum repurchase price of RMB 70 per share[25]. - As of March 31, 2022, the company had repurchased a total of 582,702 shares, accounting for 0.51% of the total share capital[25]. - The highest repurchase price was RMB 61.00 per share, while the lowest was RMB 55.19 per share[25]. - The company plans to use repurchased shares for employee stock ownership plans or equity incentives[25]. Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[36].