SUNSEA(002313)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was ¥861,156,311.15, a decrease of 0.96% compared to ¥869,531,706.86 in the same period last year[2] - The net profit attributable to shareholders was -¥48,812,075.41, representing a significant decline of 1,828.89% from ¥2,823,326.70 in the previous year[2] - Net profit for Q1 2022 was a loss of ¥49,534,291.33, compared to a profit of ¥721,767.37 in Q1 2021, indicating a significant decline in profitability[17] - The total comprehensive income attributable to the parent company was negative CNY 49.01 million, compared to positive CNY 2.73 million in the previous period[21] - The company reported a total comprehensive loss of CNY 49.73 million for the period, compared to a gain of CNY 598.76 million in the previous period[21] Cash Flow - The net cash flow from operating activities improved by 67.78%, reaching -¥43,168,012.70 compared to -¥133,976,641.18 in the same period last year[2] - The net cash flow from operating activities was negative CNY 43.17 million, an improvement compared to negative CNY 133.98 million in the previous period[22] - The net cash flow from investing activities was negative CNY 29.61 million, which is an improvement from negative CNY 63.70 million in the previous period[22] - The net cash flow from financing activities was negative CNY 123.47 million, a significant decrease from positive CNY 347.24 million in the previous period[22] - The cash outflow from operating activities totaled CNY 1.12 billion, compared to CNY 1.04 billion in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,389,096,371.31, down 3.95% from ¥7,692,642,609.47 at the end of the previous year[2] - The company's total assets decreased to ¥7,389,096,371.31 from ¥7,692,642,609.47 at the beginning of the year, reflecting a reduction of approximately 3.94%[14] - Current assets totaled ¥5,896,658,604.00, down from ¥6,194,991,849.38, a decline of about 4.8%[12] - The total liabilities decreased to ¥4,792,829,409.12 from ¥5,047,135,977.59, a reduction of approximately 5.03%[14] Equity and Earnings - The total equity attributable to shareholders decreased by 1.85%, amounting to ¥2,575,802,244.86 compared to ¥2,624,319,698.63 at the end of the previous year[2] - The equity attributable to shareholders decreased to ¥2,575,802,244.86 from ¥2,624,319,698.63, a decline of about 1.85%[14] - The weighted average return on equity was -1.88%, a decrease of 2.02% compared to 0.14% in the same period last year[2] - Basic and diluted earnings per share were both negative CNY 0.130, compared to positive CNY 0.010 in the previous period[21] Research and Development - Research and development expenses increased by 28.82%, primarily due to increased investment in R&D and new projects[6] - Research and development expenses rose to ¥72,688,454.05, up 28.8% from ¥56,427,516.60 in the previous year, indicating a focus on innovation[17] Inventory and Impairment - The company recorded a 194.26% increase in asset impairment losses, attributed to inventory impairment provisions[6] - The company's inventory decreased slightly to ¥1,467,447,464.98 from ¥1,483,492,179.26, a reduction of about 1.08%[12] Government Subsidies and Other Income - The company received government subsidies amounting to ¥7,718,199.64, which was lower than in previous quarters, leading to a 60.49% decrease in other income[6] - The total revenue from sales of goods and services received cash was approximately CNY 931.32 million, an increase from CNY 799.39 million in the previous period, representing a growth of about 16.5%[20]