ICW(600187)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥81,371,525.67, representing a decrease of 13.24% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥8,504,586.54, with a net profit excluding non-recurring items of ¥-17,109,069.79[5]. - Basic and diluted earnings per share were both ¥-0.0053[6]. - Net profit for Q1 2022 was -¥10,299,549.05, compared to -¥12,441,584.67 in Q1 2021, showing an improvement of 17.3%[26]. - Operating profit for Q1 2022 was -¥25,207,507.01, worsening from -¥8,149,213.50 in Q1 2021[26]. - The total comprehensive income attributable to the parent company for Q1 2022 was -12,995,513.26 RMB, compared to -10,316,125.48 RMB in Q1 2021, reflecting a decline of approximately 25.8%[27]. Cash Flow - The net cash flow from operating activities was negative at ¥34,002,415.46[5]. - Cash inflow from operating activities totaled 89,008,060.81 RMB in Q1 2022, down from 97,406,621.81 RMB in Q1 2021, representing a decrease of about 8.5%[28]. - The total cash outflow from operating activities in Q1 2022 was 123,010,476.27 RMB, compared to 129,702,096.34 RMB in Q1 2021, showing a reduction of approximately 5.2%[29]. - The net cash flow from investing activities for Q1 2022 was 300,939,456.78 RMB, a significant improvement from -87,283,630.47 RMB in Q1 2021, indicating a positive shift in investment returns[29]. - The net cash flow from financing activities for Q1 2022 was -10,133,390.14 RMB, a decline from a positive cash flow of 21,258,107.50 RMB in Q1 2021[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,790,318,420.40, a decrease of 1.00% from the end of the previous year[6]. - The company's accounts receivable increased to RMB 309,623,803.55 from RMB 270,121,482.29, representing a growth of about 14.6% year-over-year[20]. - The total amount of other receivables decreased to RMB 454,574,395.91 from RMB 671,034,978.26, indicating a decline of approximately 32.4%[20]. - Total liabilities for Q1 2022 were ¥1,475,810,779.31, down from ¥1,509,376,831.92 in Q1 2021[22]. - The company's total equity decreased to ¥3,314,507,641.09 from ¥3,329,298,116.86 year-over-year[22]. Investments and Income - The company's investment income decreased by 83.13%, mainly due to reduced returns from financial products[12]. - The company reported a significant increase of 84,649.16% in non-operating income, attributed to interest received from the capital reduction payment[12]. - The company received a total of RMB 17,758,046 from the return of capital from the Sai Ling Fund, which reduced its registered capital from RMB 421 million to RMB 381 million[17]. - The company received 371,758,046.00 RMB from investment recoveries in Q1 2022, a substantial increase from 30,800,000.00 RMB in Q1 2021[29]. Operational Highlights - The company did not report any new product developments or market expansions during this quarter[1]. - The company decided to withdraw from the acquisition of 100% equity in two wholly-owned subsidiaries due to the need for further discussion and consideration of its transformation strategy[19]. - The company’s trading financial assets decreased to RMB 286,993,610.62 from RMB 443,059,005.88, a decline of approximately 35.3%[20]. - The company’s held-for-sale assets increased to RMB 346,374,239.87 from RMB 334,549,792.61, showing a growth of about 3.1%[20]. - The company’s prepayments rose to RMB 11,630,911.58 from RMB 7,230,337.50, reflecting an increase of approximately 61.5%[20].