NNCI(SH:600301)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥69,897,665.91, representing a 91.52% increase compared to the same period last year[6] - Net profit attributable to shareholders was ¥4,341,922.23, showing a decrease of 7.33% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥3,547,205.65, which is an increase of 818.60% compared to the previous year[6] - Basic earnings per share for the period was ¥0.0185, a decrease of 7.04% compared to the previous year[9] - Total operating revenue for Q1 2022 reached approximately $69.90 million, a significant increase from $36.50 million in Q1 2021, representing an increase of 91.5% year-over-year[32] - Net profit for Q1 2022 was approximately $4.34 million, compared to $4.69 million in Q1 2021, indicating a decrease of 7.3% year-over-year[34] - The company reported a total profit of approximately $5.15 million for Q1 2022, a marginal increase from $5.13 million in Q1 2021, showing a growth of 0.7%[34] Cash Flow - The net cash flow from operating activities improved to ¥14,844,428.18, a significant turnaround from a negative cash flow of ¥-267,951,702.23 in the same period last year[6] - The net cash flow from operating activities for Q1 2022 was ¥7,081,308.57, a significant improvement compared to a net outflow of ¥-267,951,702.23 in Q1 2021[59] - Total cash outflow from operating activities in Q1 2022 was ¥111,373,920.27, compared to ¥417,046,948.16 in Q1 2021, reflecting a reduction of about 73%[59] - The cash inflow from operating activities totaled ¥118,455,228.84 in Q1 2022, down from ¥149,095,245.93 in Q1 2021, marking a decline of about 21%[59] - The cash outflow for purchasing goods and services in Q1 2022 was ¥106,551,102.48, significantly lower than ¥413,063,865.58 in Q1 2021, indicating a decrease of approximately 74%[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥500,425,917.96, reflecting an increase of 11.46% from the end of the previous year[9] - The company's current assets reached RMB 469,774,900.56, up from RMB 414,982,370.32, indicating a growth of about 13.2% year-over-year[22] - The total liabilities increased to RMB 175,745,495.08 from RMB 128,620,157.04, reflecting a rise of approximately 36.7%[28] - The company's total equity attributable to shareholders increased to RMB 324,680,422.88 from RMB 320,338,500.65, a slight increase of about 1.1%[28] - Total assets as of March 31, 2022, amounted to 382,066,841.37, up from 343,721,976.16 at the end of 2021[47] - The total liabilities increased to 79,976,337.60 from 41,003,763.22 year-over-year[47] Research and Development - The company reported a significant increase in research and development expenses, attributed to the successful application for high-tech enterprise status[15] - Research and development expenses for Q1 2022 amounted to approximately $743,011.15, indicating ongoing investment in innovation[32] - The company incurred research and development expenses, although specific figures were not provided in the report[53] Government Support - The company received government subsidies amounting to ¥134,336.40, aimed at encouraging the development of modern service industries[10] Market Strategy - The company plans to continue expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[15] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[30] - The company did not report any cash inflows from investment activities in Q1 2022, while cash outflows for investment activities were not detailed[60] - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in the provided data[60]