GLCC(SH:600234)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥36,436,922.56, representing a decrease of 72.26% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥19,387,750.38, reflecting a decline of 513.11% year-on-year[5]. - The basic and diluted earnings per share were both -¥0.07, indicating a decrease of 450% compared to the previous year[7]. - Total revenue for Q1 2022 was CNY 36,436,922.56, a decrease of 72.2% compared to CNY 131,350,493.88 in Q1 2021[18]. - Total operating costs for Q1 2022 were CNY 49,905,908.76, down from CNY 127,189,524.24 in Q1 2021, reflecting a reduction of 60.8%[19]. - Operating profit for Q1 2022 was CNY -21,501,526.56, compared to a profit of CNY 6,429,254.57 in Q1 2021, indicating a significant decline[19]. - The net profit for Q1 2022 was -19,471,076.77 RMB, compared to a profit of 4,679,711.65 RMB in Q1 2021, indicating a significant decline in profitability[20]. - The basic and diluted earnings per share for Q1 2022 were both -0.07 RMB, down from 0.02 RMB in Q1 2021[21]. - The company reported a net loss of CNY -422,289,103.25 in Q1 2022, compared to a loss of CNY -402,901,352.87 in Q4 2021[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥991,618,841.13, down 5.13% from the end of the previous year[7]. - Current assets totaled CNY 518,747,156.98, a decrease of 9.7% from CNY 574,608,216.57 at the end of 2021[16]. - Total assets as of March 31, 2022, were CNY 991,618,841.13, down from CNY 1,045,264,600.25 at the end of 2021[17]. - Total liabilities decreased to CNY 376,016,210.35 from CNY 410,190,892.70, a reduction of 8.3%[17]. - Total liabilities for Q1 2022 were CNY 182,538,696.98, a decrease from CNY 193,884,844.24 in the previous period[26]. - Current liabilities totaled CNY 84,898,220.16, down from CNY 96,147,158.04 in the previous period[26]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥21,847,834.31, a decrease of 48.97% year-on-year[7]. - Cash flow from operating activities for Q1 2022 was -21,847,834.31 RMB, an improvement from -42,811,089.51 RMB in Q1 2021[22]. - The company reported cash inflows from operating activities of 70,450,799.67 RMB in Q1 2022, compared to 184,723,579.32 RMB in Q1 2021, reflecting a decrease of approximately 61.9%[22]. - Cash outflows from operating activities totaled 92,298,633.98 RMB in Q1 2022, down from 227,534,668.83 RMB in Q1 2021, indicating a reduction of about 59.5%[22]. - Cash flow from operating activities in Q1 2022 was CNY 38,172,866.04, significantly higher than CNY 3,975,323.75 in Q1 2021[30]. - The net cash flow from operating activities was $1,011,900.40, showing an increase from $936,326.87 in the previous period[31]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,351[10]. - The top shareholder, Shenzhen Kexin Industrial Holding Co., Ltd., held 60,075,093 shares, accounting for 22.88% of the total shares[11]. Other Information - The company did not report any new product launches or significant market expansions during the quarter[20]. - There were no mentions of mergers or acquisitions in the Q1 2022 report[20]. - The company has not adopted the new accounting standards for the current year, as indicated in the report[32]. - The report was published on April 27, 2022, by the board of directors of Shanxi Kexin Development Co., Ltd.[32].