Financial Performance - Operating revenue for the first quarter of 2022 was approximately CNY 106.91 million, representing a 21.29% increase year-on-year[15]. - Net profit attributable to shareholders for the first quarter of 2022 was approximately CNY 8.45 million, a decrease of 41.77% compared to the same period last year[15]. - The net profit after deducting non-recurring gains and losses for the first quarter of 2022 was approximately CNY 8.07 million, a decrease of 17.03% year-on-year[15]. - The company reported a significant increase in research and development expenses, totaling ¥2,560,041.50 in Q1 2022, compared to ¥2,357,835.15 in Q1 2021[48]. - Net profit for Q1 2022 was 9,028,807.56, down from 13,645,627.78 in the first quarter of 2021, indicating a decline of about 33.5%[52]. - The company reported a total comprehensive income of 9,028,807.56 for Q1 2022, compared to 13,645,627.78 in Q1 2021, showing a decrease of approximately 33.5%[53]. Assets and Liabilities - Total assets as of March 31, 2022, reached approximately CNY 659.95 million, a 0.67% increase compared to the end of the previous year[15]. - The company's asset-liability ratio (consolidated) as of March 31, 2022, was 25.16%, up from 24.12% at the end of the previous year[15]. - The company's total liabilities decreased to CNY 166,063,232.84 from CNY 171,121,829.71 year-over-year[41]. - Total current assets as of March 31, 2022, amounted to ¥302,577,696.58, slightly down from ¥305,509,050.61 at the end of 2021[44]. - Total non-current assets increased to ¥345,992,160.65 as of March 31, 2022, compared to ¥338,403,207.66 at the end of 2021[44]. - Total assets reached ¥648,569,857.23 as of March 31, 2022, up from ¥643,912,258.27 at the end of 2021[45]. - Total liabilities decreased to ¥157,759,454.59 as of March 31, 2022, from ¥163,091,050.92 at the end of 2021[45]. Cash Flow - The net cash flow from operating activities increased by 223.69% year-on-year, amounting to approximately CNY 7.32 million, primarily due to increased cash receipts from sales[17]. - Cash flow from operating activities generated a net inflow of 7,324,641.70 in Q1 2022, compared to a net outflow of -5,921,641.91 in Q1 2021[56]. - Cash and cash equivalents at the end of Q1 2022 totaled 61,233,171.84, up from 29,712,139.43 at the end of Q1 2021[56]. - Investment activities generated a net cash inflow of 11,876,567.39 in Q1 2022, a significant improvement from a net outflow of -112,150,767.62 in Q1 2021[56]. - The total cash and cash equivalents at the end of Q1 2022 reached $59,981,678.85, a substantial increase from $27,322,702.54 at the end of Q1 2021[58]. - The net increase in cash and cash equivalents for Q1 2022 was $24,330,941.79, contrasting with a net decrease of $116,136,276.63 in Q1 2021, highlighting a strong recovery in liquidity[58]. Shareholder Information - The number of ordinary shareholders as of the reporting period was 6,734[22]. - The largest shareholder, Wu Jieshu, holds 43,815,600 shares, representing 45.47% of total shares[25]. - The second largest shareholder, Bengbu Finis, holds 10,800,000 shares, accounting for 11.21% of total shares[25]. - The total number of shares held by the top ten shareholders is 70,335,513, which is 72.99% of the total shares[25]. - The company has implemented an employee stock incentive plan, granting 2.878 million restricted shares to 98 individuals[31]. Corporate Governance and Commitments - The company has commitments in place to avoid competition and regulate related transactions, which are currently being fulfilled[32]. - The company has not engaged in any share buyback activities during the reporting period[29]. - The company has pledged to stabilize its stock price, committing to buy back shares if the stock price falls below the issuance price for 20 consecutive trading days within three months of listing[33]. - The company has committed to measures to mitigate dilution of immediate returns, focusing on strengthening business operations and internal controls[33]. - The company has committed to avoid related party transactions that could harm its interests and to link executive compensation to the execution of return measures[33]. Other Financial Metrics - The company reported a weighted average return on equity of 1.72% for the first quarter of 2022, down from 3.16% in the same period last year[15]. - Basic earnings per share for Q1 2022 were ¥0.0894, down from ¥0.1557 in Q1 2021[49]. - The company recorded other income of 485,797.45 in Q1 2022, a significant decrease from 5,480,987.58 in Q1 2021[52].
安徽凤凰(832000) - 2022 Q1 - 季度财报