THEC(BJ:833509)2022-04-27 16:00Financial Performance - Net profit attributable to shareholders for Q1 2022 was CNY 7,648,618.66, representing a year-on-year increase of 24.99%[17] - Operating revenue for Q1 2022 reached CNY 31,111,912.21, up 23.55% from CNY 25,181,342.85 in the same period last year[17] - Total operating revenue for Q1 2022 reached ¥31,111,912.21, a 23.5% increase from ¥25,181,342.85 in Q1 2021[45] - Net profit for Q1 2022 was ¥7,643,083.69, representing a 26.1% increase compared to ¥6,064,932.75 in Q1 2021[46] - Total comprehensive income for Q1 2022 was CNY 11,586,683.24, compared to CNY 6,140,399.35 in Q1 2021, representing an increase of approximately 89.9%[51] Cash Flow - The net cash flow from operating activities for Q1 2022 was -CNY 14,742,823.07, a significant decrease of 410.16% compared to CNY 4,753,244.14 in Q1 2021[17][19] - Cash received from sales of goods and services in Q1 2022 was CNY 26,500,448.27, down from CNY 34,203,436.98 in Q1 2021, indicating a decrease of about 22.6%[52] - Cash inflow from operating activities in Q1 2022 was CNY 27,840,578.03, down from CNY 35,110,891.46 in Q1 2021, indicating a decrease of about 20.5%[52] - Total cash outflow from operating activities in Q1 2022 was CNY 42,583,401.10, compared to CNY 30,357,647.32 in Q1 2021, reflecting an increase of approximately 40.2%[54] - Cash and cash equivalents at the end of Q1 2022 were CNY 54,306,497.77, compared to CNY 79,152,003.76 at the end of Q1 2021, a decrease of approximately 31.4%[54] - Cash inflow from investment activities in Q1 2022 was CNY 220,882,881.46, significantly higher than CNY 108,678,260.63 in Q1 2021, marking an increase of approximately 103.0%[54] - Cash outflow for investment activities in Q1 2022 totaled CNY 202,748,964.18, compared to CNY 176,264,473.77 in Q1 2021, reflecting an increase of about 15.1%[54] - Net cash flow from investment activities for Q1 2022 was CNY 18,133,917.28, a recovery from CNY -67,586,213.14 in Q1 2021[54] Assets and Liabilities - Total assets as of March 31, 2022, were CNY 359,536,692.09, a decrease of 3.73% compared to the end of the previous year[17] - Total liabilities decreased to CNY 52,704,897.78 from CNY 74,266,167.43, a reduction of about 29%[39] - Total assets decreased to CNY 359,536,692.09 from CNY 373,454,878.05, a decline of approximately 4%[39] - Shareholders' equity increased to CNY 306,831,794.31 from CNY 299,188,710.62, reflecting a growth of about 2%[39] - The company's total liabilities to total assets ratio (consolidated) improved to 14.66% from 19.89% year-on-year[17] Shareholder Information - The total share capital of Changzhou Tonghui Electronics Co., Ltd. is 106,203,114 shares, with 4,798 common shareholders[24] - Major shareholders include Zhao Haohua with 13,457,400 shares (12.67%) and Wang Zhiping with 10,017,000 shares (9.43%)[26] - The number of unrestricted shares increased from 35,232,714 (33.17%) to 53,922,564 (50.77%), while restricted shares decreased from 70,970,400 (66.83%) to 52,280,550 (49.23%)[23] - The company’s major shareholders have signed a joint action agreement valid for 10 years, ensuring control over the company[26] Operational Insights - The company experienced a cash decrease of CNY 770.30 million in sales receipts compared to the previous year due to optimistic market predictions at the end of 2021[19] - The company plans to maintain a focus on increasing safety stock, which led to a CNY 983.60 million increase in cash paid for goods and services in Q1 2022[19] - Research and development expenses for Q1 2022 were ¥3,747,077.66, an increase from ¥3,035,922.49 in Q1 2021[46] Other Information - As of the reporting period, the company has no ongoing litigation or arbitration matters[30] - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[34] - The company has not disclosed any significant related party transactions during the reporting period[30] - The company has fulfilled all commitments regarding share circulation restrictions and voluntary lock-ups by major shareholders[33] - The company's financial products purchased with idle funds have no overdue amounts[33] - The company has utilized idle funds to purchase financial products totaling 30,000,000 CNY from Bank of China and 30,030,000 CNY from Debon Securities[33]