CCYD(SH:600148)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥179,252,859.22, a decrease of 49.69% compared to the same period last year[2] - The net profit attributable to shareholders was ¥959,606.72, down 93.43% year-on-year[2] - The basic earnings per share decreased by 93.2% to ¥0.007[2] - Total operating revenue for Q1 2022 was ¥179,252,859.22, a decrease of 49.8% compared to ¥356,328,813.27 in Q1 2021[13] - Net profit for Q1 2022 was ¥1,888,314.85, a decline of 91.0% from ¥20,965,500.43 in Q1 2021[14] - Total operating costs for Q1 2022 were ¥179,465,173.82, down 46.5% from ¥334,713,910.13 in Q1 2021[13] - The company reported a gross profit margin of -0.12% in Q1 2022, compared to 10.0% in Q1 2021[14] - Total comprehensive income for Q1 2022 was CNY 1,888,314.85, a decrease from CNY 20,965,500.43 in Q1 2021[15] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.007, compared to CNY 0.103 in Q1 2021[15] - The company reported a basic and diluted earnings per share of CNY 0.013, down from CNY 0.061 in Q1 2021[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,247,286,485.12, a decrease of 0.73% from the previous year[2] - The company's total assets as of March 31, 2022, were ¥1,247,286,485.12, slightly down from ¥1,256,417,016.16 at the end of 2021[10] - Total liabilities decreased to ¥604,184,392.03 in Q1 2022 from ¥614,484,637.01 in Q4 2021[11] - Total liabilities decreased to CNY 356,056,194.76 as of March 31, 2022, from CNY 375,965,825.06 at the end of 2021[21] - The total assets amounted to CNY 689,981,109.57, a decrease from CNY 707,720,074.48 in the previous year[22] - The company's total equity increased to CNY 333,924,914.81 from CNY 331,754,249.42 year-over-year[22] Cash Flow - The net cash flow from operating activities was ¥47,824,859.16, with no comparative data available[2] - Net cash flow from operating activities for Q1 2022 was CNY 47,824,859.16, compared to a negative cash flow of CNY 44,065,962.31 in Q1 2021[18] - Cash outflow from investing activities was CNY 2,251,353.19 in Q1 2022, compared to CNY 242,255.17 in Q1 2021[18] - Cash outflow from financing activities was CNY 160,346.91 in Q1 2022, compared to CNY 22,500.00 in Q1 2021[19] - The operating cash flow net amount for Q1 2022 was CNY 31,642,516.43, an increase of 96.8% compared to CNY 16,054,965.43 in Q1 2021[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,466[6] - The largest shareholder, Jilin Dongguang Group Co., Ltd., held 24% of the shares[6] Expenses - The company reported a significant decrease in sales expenses by 62.84% due to reduced service fees, freight, and storage costs[4] - Research and development expenses decreased by 44.52% as a result of reduced investment in R&D[4] - Research and development expenses for Q1 2022 were ¥9,304,507.25, down 44.5% from ¥16,770,142.61 in Q1 2021[14] - Research and development expenses for Q1 2022 were CNY 4,938,388.82, down 32.0% from CNY 7,273,877.84 in Q1 2021[23] - The total operating costs for Q1 2022 were CNY 79,233,235.49, a decrease of 41.2% from CNY 134,729,115.08 in Q1 2021[23] Inventory and Receivables - Accounts receivable increased to ¥284,549,011.43 from ¥224,279,881.59, indicating a rise of 27.0%[9] - Inventory rose to ¥172,427,133.56, up 12.5% from ¥152,375,662.76 at the end of 2021[9] - Inventory increased to CNY 68,125,420.97 as of March 31, 2022, from CNY 65,004,311.37 at the end of 2021[20] Cash and Cash Equivalents - Cash and cash equivalents were ¥193,927,232.89, a slight decrease from ¥196,458,707.88 at the end of 2021[9] - Cash and cash equivalents at the end of Q1 2022 increased to CNY 153,592,927.56 from CNY 117,006,045.44 at the end of Q1 2021[19] - Cash and cash equivalents at the end of Q1 2022 were CNY 58,161,473.63, down from CNY 91,995,640.08 in Q1 2021[26] Product Development - The company did not report any significant new product developments or market expansions during this quarter[27]