GETM(SH:600232)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 257,189,984.97, representing a year-on-year increase of 15.16%[5] - The net profit attributable to shareholders was CNY 12,906,591.79, showing a significant increase of 413.95% compared to the same period last year[5] - The basic earnings per share for the period was CNY 0.036, reflecting a growth of 414.29% year-on-year[5] - The weighted average return on equity increased to 1.228%, up by 0.993 percentage points from the previous year[5] - The net profit for Q1 2022 was CNY 13,793,603.13, a significant increase from CNY 1,837,593.69 in Q1 2021, representing a growth of approximately 651.5%[17] - The total profit for Q1 2022 was CNY 15,093,742.39, significantly higher than CNY 2,653,938.97 in Q1 2021, representing an increase of approximately 467.5%[17] - The company's operating profit for Q1 2022 was CNY 15,054,596.33, compared to CNY 2,782,241.03 in Q1 2021, reflecting a growth of approximately 441.5%[17] Cash Flow and Assets - The company reported a net cash flow from operating activities of -CNY 19,337,505.93, which is not applicable for comparison[5] - The net cash flow from operating activities was negative CNY 19,337,505.93, an improvement from negative CNY 69,454,611.34 in the previous year[19] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 284,596,046.18, compared to CNY 210,336,637.18 at the end of Q1 2021, marking an increase of approximately 35.2%[20] - The company's cash and cash equivalents decreased to ¥327,262,003.26 from ¥389,760,826.07, a decline of 16.0%[11] - Total assets at the end of the reporting period were CNY 1,681,407,577.10, a decrease of 3.11% from the end of the previous year[6] - Total assets as of March 31, 2022, were ¥1,681,407,577.10, down from ¥1,735,377,337.52, a decrease of 3.1%[14] Liabilities and Expenses - Total liabilities decreased to ¥576,184,580.97 from ¥643,947,944.52, a decline of 10.5%[13] - The company experienced a 30.93% reduction in financial expenses, attributed to changes in exchange rates and decreased loan interest[6] - Research and development expenses for Q1 2022 were ¥4,164,787.11, down from ¥5,532,001.94, a decrease of 24.7%[16] - The company reported a decrease in employee compensation liabilities to ¥17,017,356.16 from ¥21,074,359.45, a decline of 19.3%[13] Revenue and Costs - Total revenue for Q1 2022 reached ¥257,189,984.97, an increase of 15.1% compared to ¥223,335,541.72 in Q1 2021[16] - Total operating costs for Q1 2022 were ¥242,868,336.62, up from ¥229,724,768.93 in Q1 2021, reflecting a growth of 5.7%[16] - The total revenue from operating activities was CNY 224,568,943.12, compared to CNY 181,290,759.46 in the same period last year, indicating a year-over-year increase of about 24.0%[19] Other Financial Activities - The company received government subsidies amounting to CNY 80,652.18 during the reporting period[6] - The company incurred asset impairment losses of CNY 634,948.19 in Q1 2022, compared to CNY 8,281,058.09 in Q1 2021, showing a reduction of about 92.3%[17] - The company reported cash inflows from investment activities of CNY 5,000.00, a decrease from CNY 5,000,000.00 in the previous year[20] - The cash outflow from financing activities was CNY 108,904,352.28, compared to CNY 34,156,363.00 in Q1 2021, indicating a substantial increase in cash outflows[20] Receivables and Inventory - Accounts receivable financing decreased by 45.67%, primarily due to the collection of matured acceptance bills[6] - Accounts receivable increased to ¥254,393,565.56, compared to ¥214,870,441.66, representing a growth of 18.4%[11] - Inventory levels slightly decreased to ¥517,907,249.26 from ¥519,137,075.72, a reduction of 0.2%[12] - Prepayments increased by 106.45%, mainly due to the opening of letters of credit for raw material purchases[6]