秦川物联(688528) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥53,393,812.56, representing a year-on-year increase of 1.29%[4] - The net profit attributable to shareholders was -¥7,896,352.76, a decrease of 1017.38% compared to the same period last year[4] - The net cash flow from operating activities was -¥41,876,162.02, indicating a significant cash outflow[4] - The weighted average return on equity was -1.05%, a decrease of 1.16 percentage points[4] - The basic and diluted earnings per share were both -¥0.0470, reflecting a decline of 1021.57% year-on-year[4] - The company reported a decrease in cash received from sales of goods and services to CNY 41,900,606.99 in Q1 2022 from CNY 46,742,296.95 in Q1 2021, a decline of about 10.0%[25] - The company's basic and diluted earnings per share for Q1 2022 were both CNY -0.0470, compared to CNY 0.0051 in Q1 2021, indicating a significant decline[23] - The company’s total equity decreased to CNY 750,748,487.40 in Q1 2022 from CNY 758,644,840.16 in Q1 2021, a decline of about 1.0%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,001,927,776.65, up 1.15% from the end of the previous year[5] - The total assets increased to CNY 1,001,927,776.65 in Q1 2022 from CNY 990,491,416.14 in Q1 2021, reflecting a growth of approximately 1.4%[18] - The total liabilities rose to CNY 251,179,289.25 in Q1 2022, up from CNY 231,846,575.98 in Q1 2021, marking an increase of about 8.3%[18] - Accounts receivable increased to RMB 243,382,614.17 from RMB 235,225,861.96 year-over-year[16] - Inventory as of March 31, 2022, was RMB 79,070,386.92, compared to RMB 69,921,723.33 at the end of 2021, reflecting a growth of approximately 13.3%[16] - The total current assets decreased to RMB 643,302,742.46 from RMB 646,360,146.92 at the end of 2021[16] Research and Development - Research and development expenses totaled ¥10,452,314.20, accounting for 19.58% of operating revenue, an increase of 3.70 percentage points year-on-year[5] - Research and development expenses for Q1 2022 were CNY 10,452,314.20, up from CNY 8,371,137.37 in Q1 2021, representing a growth of approximately 24.8%[22] Market Conditions and Challenges - The company faced increased market competition and impacts from COVID-19, leading to a decline in sales prices and delayed orders[8] - The company plans to continue increasing its market expansion efforts and R&D investments despite current challenges[8] Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,499[10] - The largest shareholder, Shao Zehua, holds 60.22% of the shares, totaling 101,165,281 shares[10] Cash Flow and Financing - The net cash flow from investment activities was $3,161,499.95, compared to a negative cash flow of -$3,165,885.11 in the previous period, indicating a positive turnaround in investment performance[26] - Cash inflow from financing activities totaled $39,520,528.09, significantly higher than$10,009,904.73 in the previous period, reflecting increased borrowing and investment[26] - The net increase in cash and cash equivalents was $437,905.24, contrasting with a decrease of -$41,638,148.99 in the previous period, showing improved liquidity[26] - The ending balance of cash and cash equivalents reached $246,342,128.43, up from$173,613,799.86 in the previous period, indicating a strong cash position[26] - The company received $39,500,000.00 in new borrowings, which contributed to the financing cash inflow[26] - The cash outflow for financing activities was limited to$367,500.00, showing effective management of cash distributions[26] - The cash flow from investment activities was $20,164,382.18, while cash outflow for investments was$17,002,882.23, resulting in a positive net cash flow from investments[26] - The company reported a cash inflow from other financing activities of $20,528.09, indicating additional funding sources[26] Legal Matters - The company is involved in a lawsuit with Hebei Huaran Changtong Gas Co., Ltd., which has not yet gone to trial[12] - The report indicates a focus on maintaining compliance with legal and regulatory requirements regarding shareholder activities[12] Stock Activities - The strategic placement of 2.1 million shares by Huafu Ruixing Investment Management Co., Ltd. has a lock-up period of 24 months[11] - The company has engaged in stock lending activities, with 457,100 shares lent out under relevant regulations[11] Accounting Standards - The company is not applying the new accounting standards for the current year, which may impact future financial reporting[26]