HZSY(SH:600191)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,338,587.46, representing a year-on-year increase of 162.08%[3] - Total operating revenue for Q1 2022 was CNY 1,338,587.46, a significant increase from CNY 510,746.26 in Q1 2021, representing a growth of approximately 162.5%[15] - The net loss for Q1 2022 was CNY 34,308,287.63, worsening from a net loss of CNY 10,123,084.37 in Q1 2021[16] - The comprehensive loss for Q1 2022 totaled CNY 36,153,410.63, compared to a loss of CNY 218,764.23 in Q1 2021[16] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.0707, compared to CNY -0.0209 in Q1 2021[16] Cash Flow - The net cash flow from operating activities was CNY -8,888,588.42, indicating a decrease of 43.41% due to increased tax payments[4] - The total cash outflow from operating activities in Q1 2022 was approximately $23.55 million, compared to $6.63 million in Q1 2021[18] - The net cash flow from operating activities for Q1 2022 was approximately -$8.89 million, worsening from -$6.20 million in Q1 2021[19] - The ending balance of cash and cash equivalents as of Q1 2022 was approximately $66.28 million, up from $21.22 million in Q1 2021[19] - The cash paid for purchasing goods and services in Q1 2022 was approximately $15.25 million, compared to $371.06 thousand in Q1 2021[18] - The cash paid to employees in Q1 2022 was approximately $4.08 million, slightly increasing from $4.04 million in Q1 2021[18] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 1,716,311,726.74, down 2.26% from the end of the previous year[4] - Total assets as of the end of Q1 2022 were CNY 1,716,311,726.74, down from CNY 1,756,043,116.72 at the end of Q1 2021[12] - Total liabilities for Q1 2022 were CNY 78,212,370.50, a decrease from CNY 81,790,349.85 in Q1 2021[12] - Shareholders' equity attributable to the parent company decreased by 2.16% to CNY 1,638,099,356.24[4] - Shareholders' equity as of the end of Q1 2022 was CNY 1,638,099,356.24, down from CNY 1,674,252,766.87 in Q1 2021[12] - Deferred income tax liabilities were CNY 69,932,931.80 in Q1 2022, slightly decreasing from CNY 70,547,972.80 in Q1 2021[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,828[6] - The largest shareholder, Baotou Grassland Sugar Industry Group, holds 31.49% of the shares, with 152,717,960 shares pledged[6][7] Expenses - The company reported a significant increase in sales expenses by 12.51% and management expenses by 16.64%, primarily due to increased flour sales[4] - Financial expenses surged by 189.91%, mainly due to increased interest income[4] - Total operating costs for Q1 2022 amounted to CNY 9,723,187.85, compared to CNY 8,499,997.83 in Q1 2021, indicating an increase of about 14.4%[15] - The company reported a significant investment loss of CNY 25,922,576.28 in Q1 2022, compared to a loss of CNY 2,134,921.91 in Q1 2021[15] Market and Product Development - The company does not have any new product launches or significant market expansion strategies reported in this quarter[8] - The company has not disclosed any new product or technology developments during the earnings call[19] - There were no mentions of market expansion or mergers and acquisitions in the earnings call[19]