AGSW(SH:600199)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥344,642,502.13, representing a year-on-year increase of 17.05%[6] - The net profit attributable to shareholders was -¥12,545,004.17, indicating a loss compared to the previous year[6] - The net profit for Q1 2022 was -12,239,161.55 RMB, compared to -48,062,586.34 RMB in Q1 2021, showing an improvement of approximately 74.5% year-over-year[31] - The company reported a net profit margin of approximately 5.0% for Q1 2022, based on the total revenue and operating costs[27] - Operating profit for Q1 2022 was -12,236,139.19 RMB, significantly improved from -46,268,490.42 RMB in Q1 2021, indicating a reduction in operating losses by about 73.6%[31] - The total comprehensive income for Q1 2022 was -12,239,161.55 RMB, compared to -48,062,586.34 RMB in Q1 2021, showing a significant improvement[33] Cash Flow and Liquidity - The net cash flow from operating activities was -¥159,184,752.51, showing a significant cash outflow[6] - The cash flow from operating activities in Q1 2022 was -159,184,752.51 RMB, compared to -138,880,770.79 RMB in Q1 2021, reflecting a decline in cash flow performance[37] - The total cash and cash equivalents at the end of Q1 2022 were 611,550,942.86 RMB, down from 982,579,642.38 RMB at the end of Q1 2021, a decrease of approximately 37.7%[39] - The company reported a net cash outflow from investing activities of -62,256,251.63 RMB in Q1 2022, contrasting with a net inflow of 126,022,869.18 RMB in Q1 2021[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,687,430,478.36, a decrease of 4.61% from the end of the previous year[8] - Total assets decreased to CNY 3,687,430,478.36 as of March 31, 2022, from CNY 3,865,775,716.76 at the end of 2021, a decline of 4.6%[25] - Total liabilities as of March 31, 2022, were CNY 954,758,637.11, down from CNY 1,121,881,570.94 at the end of 2021, a decrease of 15.0%[27] - Shareholders' equity totaled CNY 2,732,671,841.25 as of March 31, 2022, compared to CNY 2,743,894,145.82 at the end of 2021, a slight decrease of 0.4%[27] Research and Development - The company's R&D expenses increased by 46.80% due to higher investment in research and development activities[12] - Research and development expenses increased to 7,819,598.36 RMB in Q1 2022, up from 5,326,818.38 RMB in Q1 2021, marking a rise of approximately 46.9%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 124,714, with the largest shareholder holding 27.10% of the shares[16] - The company reported a basic and diluted earnings per share of -¥0.0191 for the period[8] - Basic and diluted earnings per share for Q1 2022 were both -0.0191 RMB, compared to -0.0740 RMB in Q1 2021, indicating a reduction in losses per share[33] Revenue and Costs - Total revenue for Q1 2022 was CNY 344,642,502.13, an increase of 17.0% compared to CNY 294,447,082.27 in Q1 2021[27] - Total operating costs for Q1 2022 were CNY 366,698,305.00, up from CNY 349,738,972.11 in Q1 2021, reflecting a rise of 4.0%[27] - Total revenue from sales and services received in Q1 2022 was 327,985,546.81 RMB, down from 363,776,495.57 RMB in Q1 2021, representing a decrease of about 9.8%[33] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[27] Other Financial Metrics - The weighted average return on net assets was -0.46%, a decrease of 1.24 percentage points compared to the previous year[8] - The financial expenses increased due to higher interest income from time deposits compared to the same period last year[12] - The total tax expenses for Q1 2022 were 385,756.26 RMB, significantly lower than 2,418,780.62 RMB in Q1 2021, indicating a reduction of approximately 84.0%[31] - Cash and cash equivalents as of March 31, 2022, were CNY 665,851,342.86, down from CNY 887,668,548.00 at the end of 2021, a decrease of 25.0%[21] - Accounts receivable increased to CNY 169,760,094.80 in Q1 2022 from CNY 143,475,217.52 in Q1 2021, representing a growth of 18.3%[21] - Inventory as of March 31, 2022, was CNY 1,300,849,567.52, slightly down from CNY 1,341,851,967.67 at the end of 2021, a decrease of 3.1%[21] - The company experienced a 156.23% increase in advance receipts, indicating a rise in pre-collected rental income[12]