I2SOFT(BJ:830799)2022-04-28 16:00Financial Performance - Total revenue for Q1 2022 reached ¥114,255,962.43, representing a 59.18% increase compared to ¥71,779,789.56 in Q1 2021[16] - Net profit attributable to shareholders was ¥4,748,534.19, up 16.58% from ¥4,073,348.08 in the same period last year[16] - The net profit after deducting non-recurring gains and losses decreased by 30.99% to ¥2,306,060.19, down from ¥3,341,640.57 in Q1 2021[16] - Total operating revenue for Q1 2022 reached ¥114,255,962.43, a significant increase of 59.0% compared to ¥71,779,789.56 in Q1 2021[79] - Net profit for Q1 2022 was ¥4,680,307.76, representing a 9.6% increase from ¥4,270,008.60 in Q1 2021[81] - Total comprehensive income decreased from 3,864,491.29 to 3,339,409.58, representing a decline of approximately 13.6%[85] Assets and Liabilities - The company's total assets increased by 3.33% to ¥706,713,180.83 as of March 31, 2022, compared to ¥683,913,083.17 at the end of 2021[16] - Total assets reached CNY 706.71 million, up from CNY 683.91 million, indicating a growth of about 3.3%[72] - Total liabilities increased to CNY 358.97 million from CNY 341.32 million, reflecting a growth of about 5.0%[73] - The total liabilities increased to ¥332,875,086.84 in Q1 2022, compared to ¥311,679,549.52 in Q1 2021, reflecting a growth of 6.5%[80] Cash Flow - The net cash flow from operating activities showed a net outflow of ¥89,860,493.36, worsening by 50.98% compared to the previous year's outflow of ¥59,517,752.21[16] - Operating cash inflow increased to 44,951,292.19 from 35,187,069.05, marking a growth of about 27.5%[86] - Cash flow from investment activities showed a net outflow of -20,405,686.89, slightly improved from -21,958,046.23[88] - Cash flow from financing activities generated a net inflow of 16,599,463.22, down from 29,646,566.31[88] - The net cash increase for the period was -93,666,717.03, compared to -51,829,232.13 in the previous year[88] Shareholder Information - The total number of ordinary shareholders was 6,977 as of the report date[23] - Major shareholders include Wu Zhen with 24.33% and Meng Qingyou with 15.82%, collectively holding 78.14% of shares[26] - The company plans to repurchase between 510,000 and 1,000,000 shares at a price not exceeding 25 CNY per share, representing 0.36%-0.71% of total shares[31] - As of January 27, 2022, the company repurchased 581,750 shares at an average price between 15.43 CNY and 18.25 CNY, totaling approximately 9.97 million CNY[32] Commitments and Compliance - The company has not engaged in any litigation, external guarantees, or significant related party transactions during the reporting period[29] - The company has committed to avoiding any business activities that may compete with its operations, as per the commitments made by its major stakeholders[34] - The company has not disclosed any major events or compliance issues during the reporting period[29] - The company reserves the right to deduct amounts from dividends or other payments if commitments are not fulfilled[40] Operational Challenges - Increased personnel costs and management expenses due to business expansion impacted the gross profit margin negatively[18] - The ongoing COVID-19 pandemic in Shanghai affected cash collection, leading to higher credit impairment losses[18] - The company reported a credit impairment loss of ¥-4,070,272.20 in Q1 2022, worsening from ¥-2,239,247.41 in Q1 2021[80] Investment and Growth Strategy - The company plans to enhance investment returns by ensuring the implementation of fundraising projects, which are expected to substantially improve profitability if executed successfully[51] - The company aims to maintain and develop its existing business by enhancing product and service development capabilities, focusing on online financial services[53] - The company will strengthen the management of raised funds by storing them in a designated account to ensure they are used exclusively for their intended purpose[52] Internal Controls and Management - The company will improve internal controls and management levels to enhance operational efficiency and the reliability of financial reporting[54] - The company has established a long-term incentive mechanism to attract and retain talent, which includes stock repurchase plans[31]