Financial Performance - The company's operating revenue for the first quarter of 2022 was RMB 12,518,233.17, a decrease of 15.58% compared to RMB 14,828,244.46 in the same period last year[9] - The net profit attributable to shareholders of the listed company was a loss of RMB 19,749,124.65, compared to a loss of RMB 2,970,061.29 in the previous year, indicating a significant decline[9] - The company reported a comprehensive loss of -21,110,533.03, compared to -2,792,584.42 in the previous period, indicating a significant deterioration in overall financial performance[38] - Basic and diluted earnings per share were both -0.0226, compared to -0.0034 in the previous period, highlighting a decline in profitability per share[38] Cash Flow - The net cash flow from operating activities was a negative RMB 5,039,833.48, an improvement from a negative RMB 7,430,407.71 in the same period last year[9] - Cash inflow from operating activities amounted to $41,708,434.86, a significant increase from $15,008,278.61 in the previous period[39] - Total cash outflow from operating activities was $48,790,028.67, compared to $18,045,809.49 in the prior period, resulting in a net cash flow from operating activities of -$5,039,833.48, an improvement from -$7,430,407.71[41] - The ending cash and cash equivalents balance was $13,602,160.06, down from $18,645,415.83 at the beginning of the period, reflecting a decrease in liquidity[43] - The company reported a net increase in cash and cash equivalents of -$5,043,255.77, compared to -$5,426,175.26 in the previous period, indicating ongoing cash management challenges[43] Assets and Liabilities - Total assets at the end of the reporting period were RMB 182,216,412.79, down 6.28% from RMB 194,427,879.43 at the end of the previous year[9] - Total liabilities amounted to 370,862,982.05, up from 361,963,915.66, representing a growth of 2.5%[31] - Current liabilities totaled 300,954,697.52, an increase from 291,574,330.72, marking a rise of 3.8%[31] - Non-current liabilities decreased slightly to 69,908,284.53 from 70,389,584.94, a decline of 0.7%[31] - The total equity attributable to shareholders of the parent company was -190,659,843.18, worsening from -169,697,083.93 in the previous period[33] Expenses - The company's sales expenses increased by 35.52% to RMB 5,532,956.20 due to the expansion of hotel operations[13] - Management expenses surged by 282.62% to RMB 14,892,998.93, attributed to fixed costs and the impact of expanded hotel operations[13] - Cash paid to employees rose by 180.66% to RMB 14,055,304.54, driven by the expansion of hotel operations[13] - Research and development expenses for the current period were 839,992.99, reflecting ongoing investment in innovation[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 48,524, with the top 10 shareholders holding a combined 40.35% of shares[16] - Hong Kong Central Clearing Limited holds 29.44% of shares, amounting to 257,119,899 shares[18] - Beijing Haihongyuan Investment Management Co., Ltd. holds 9.33% of shares, totaling 81,494,850 shares[18] Corporate Governance - The board of directors consists of five executive directors and three independent non-executive directors, ensuring a diverse governance structure[46] - The company has not conducted any repurchase transactions among the top 10 common shareholders during the reporting period[22] - The indirect controlling shareholder and actual controller of the company have changed due to the completion of a restructuring plan[26] Compliance and Reporting - The company has not undergone an audit for the first quarter report, which may affect stakeholder confidence in the financial statements[45] - The company has not applied new financial instrument standards or new revenue recognition standards, indicating a potential area for future compliance and reporting adjustments[44] Other Financial Metrics - The company reported no non-recurring gains or losses during the reporting period[15] - The company experienced a 100% decrease in cash recovered from the disposal of fixed assets, with no proceeds from land disposals in the current period[15] - Total operating costs increased significantly to 33,174,628.16, up from 18,224,544.27, reflecting a rise of 82.2%[34] - Net profit for the current period was -19,896,898.43, compared to -2,977,592.60 in the previous period, indicating a substantial increase in losses[36] - The company's A-shares were terminated from listing on April 20, 2022, due to a negative net profit and operating revenue below 100 million RMB for the fiscal year 2021[23]
东北电气(00042) - 2022 Q1 - 季度财报