BOCO(SH:600289)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥48,978,009.36, a decrease of 26.02% compared to ¥57,796,327.98 in the same period last year[3] - The net profit attributable to shareholders was -¥59,744,515.15, compared to -¥56,465,620.60 in the previous year, indicating a continued loss[4] - The basic and diluted earnings per share were both -¥0.0947, showing a decline from -¥0.0895 in the same quarter last year[4] - The company's net loss for the first quarter of 2022 was RMB 840,103,461.97, worsening from a loss of RMB 780,290,773.03 in the previous period[16] - Net profit for Q1 2022 was -¥59,827,957.21, an improvement from -¥73,308,788.43 in Q1 2021, reflecting a 18.4% reduction in losses[19] - The company reported a total comprehensive loss of -¥59,827,957.21 for Q1 2022, compared to -¥73,215,590.92 in Q1 2021, indicating a 18.3% improvement[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,330,158,638.90, down 3.88% from ¥2,424,324,647.55 at the end of the previous year[4] - The company's current assets totaled RMB 1,832,909,907.63, down from RMB 1,924,045,888.46 at the end of 2021, indicating a decrease of about 4.7%[14] - The total liabilities as of March 31, 2022, were RMB 726,424,675.58, compared to RMB 739,657,674.49 at the end of 2021, representing a reduction of approximately 1.8%[16] - The company reported a decrease in cash and cash equivalents to RMB 1,492,269,942.19 from RMB 1,554,274,782.06, a decline of approximately 4.0%[14] - The accounts receivable decreased to RMB 234,451,461.26 from RMB 265,559,387.82, reflecting a reduction of about 11.7%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,084[8] - The largest shareholder, Yiyang Group Co., Ltd., holds 32.89% of the shares, amounting to 207,573,483 shares, with some shares frozen[9] - The equity attributable to shareholders decreased by 4.79% to ¥1,608,909,575.23 from ¥1,689,827,316.70 at the end of the previous year[4] - The company’s equity attributable to shareholders decreased to RMB 1,608,909,575.23 from RMB 1,689,827,316.70, a decline of approximately 4.8%[16] Cash Flow and Expenses - The net cash flow from operating activities was -¥6,957,292.95, a significant improvement from -¥154,448,843.75 in the same period last year[4] - Cash flow from operating activities for Q1 2022 was -¥6,957,292.95, an improvement from -¥154,448,843.75 in Q1 2021[21] - Research and development expenses for Q1 2022 were ¥29,469,461.36, slightly down from ¥29,672,413.42 in Q1 2021[18] - Sales expenses decreased significantly to ¥9,094,277.17 in Q1 2022 from ¥14,476,271.58 in Q1 2021, a reduction of 37.4%[18] Legal and Contingent Liabilities - The company has a total of 222 civil lawsuits filed against it, with a total claim amount of RMB 15,251.5 million, indicating significant legal challenges[12] - As of the report date, the company has repaid a total of RMB 86,255.12 million of the funds wrongfully deducted, with RMB 3,357.48 million still under execution[11] - The company has a contingent liability of RMB 2,691 million related to suspected illegal guarantees, with RMB 2,167 million not being the company's responsibility[11] Adjustments and Corrections - The company made adjustments to its financial data due to accounting errors in the previous year's report[4]