TYPICAL(SH:600302)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 400,107,042.62, representing a year-on-year increase of 0.48%[5] - The net profit attributable to shareholders was a loss of CNY 8,551,831.01, a decrease in loss by 43.30% compared to the same period last year[5] - The total operating revenue for Q1 2022 was CNY 400,107,042.62, a slight increase of 0.42% compared to CNY 398,430,763.83 in Q1 2021[18] - Net profit for Q1 2022 was a loss of CNY 8,445,239.64, an improvement from a loss of CNY 15,410,012.78 in Q1 2021[19] - Total comprehensive loss for Q1 2022 was CNY -7,566,750.21, compared to a loss of CNY -13,008,288.08 in Q1 2021[20] - The net profit for Q1 2022 was a loss of CNY 2,309,808.16, an improvement from a loss of CNY 8,318,292.61 in Q1 2021[27] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.0247, an improvement from CNY -0.0436 in Q1 2021[20] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.0067, an improvement from CNY -0.0240 in Q1 2021[28] Cash Flow - The net cash flow from operating activities was a negative CNY 160,030,724.73, reflecting a significant decrease in cash inflow[5] - Operating cash flow for Q1 2022 was negative at CNY -160,030,724.73, compared to a positive cash flow of CNY 2,368,990.07 in Q1 2021[22] - The cash flow from operating activities showed a net outflow of CNY -122,375,603.06 in Q1 2022, compared to a net inflow of CNY 14,706,980.92 in Q1 2021[31] - Investment activities generated a net cash inflow of CNY 152,325,836.95 in Q1 2022, significantly higher than CNY 55,820,909.38 in Q1 2021[22] - Financing activities resulted in a net cash outflow of CNY -233,230,369.15 in Q1 2022, compared to a net inflow of CNY 246,127,221.86 in Q1 2021[22] - The company reported cash inflows from investment activities of CNY 330,000,000.00 in Q1 2022, up from CNY 120,000,000.00 in Q1 2021[31] - The company experienced a net decrease in cash and cash equivalents of $207,339,598.24, contrasting with an increase of $326,598,736.59 in the previous period[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,816,839,683.23, down 15.16% from the end of the previous year[6] - Total assets as of March 31, 2022, amounted to CNY 1,816,839,683.23, a decrease from CNY 2,141,442,424.48 as of December 31, 2021[14] - Current assets totaled CNY 1,513,719,175.28, down from CNY 1,833,689,013.17 in the previous year[15] - Total liabilities decreased to CNY 634,194,859.60 from CNY 951,230,850.63[16] - The total assets decreased to CNY 1,338,164,451.06 in Q1 2022 from CNY 1,843,299,380.45 in Q1 2021, representing a decline of 27.4%[26] - The total liabilities decreased to CNY 279,482,460.76 in Q1 2022 from CNY 782,307,581.99 in Q1 2021, a reduction of 64.3%[26] Shareholder Information - The number of common shareholders at the end of the reporting period was 15,904[11] - The largest shareholder, China Standard Industrial Group, holds 42.77% of the shares, totaling 147,991,448 shares[11] Research and Development - The company accelerated the development of new products, with three key products entering mass production during the reporting period[9] - The company applied for 8 patents during the reporting period, bringing the total number of effective patents to 331, including 33 invention patents[9] - Research and development expenses for Q1 2022 were CNY 4,004,406.17, a decrease of 13.4% from CNY 4,624,111.80 in Q1 2021[18] - The company's research and development expenses for Q1 2022 were CNY 1,404,046.56, slightly down from CNY 1,415,799.14 in Q1 2021[27] Inventory and Receivables - Inventory stood at CNY 380,682,683.86, slightly down from CNY 388,541,497.58[15] - Accounts receivable increased to CNY 650,722,848.23 from CNY 628,454,597.20 year-over-year[15] - The company’s inventory increased to CNY 121,469,251.29 in Q1 2022 from CNY 120,636,936.66 in Q1 2021, a marginal increase of 0.7%[25] Cash and Cash Equivalents - Cash and cash equivalents were CNY 190,029,327.69, significantly lower than CNY 457,493,608.20 in the previous year[14] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 178,332,544.74, down from CNY 605,612,398.45 at the end of Q1 2021[22] - The company's cash and cash equivalents at the end of Q1 2022 were CNY 133,952,236.66, down from CNY 367,036,081.57 in Q1 2021[25] Strategic Initiatives - The company has signed R&D service contracts for automation customization projects, indicating a strategic shift towards customer-driven product development[9]