Routon(SH:600355)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥45,337,355.23, representing a decrease of 31.04% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥7,520,742.14, with a basic and diluted earnings per share of -¥0.015, indicating a significant decline[4] - Total operating revenue for Q1 2022 was ¥45,337,355.23, a decrease of 30.9% compared to ¥65,740,924.17 in Q1 2021[19] - Net loss for Q1 2022 was ¥7,520,742.14, compared to a net loss of ¥527,281.48 in Q1 2021, representing a significant increase in losses[20] - Operating profit for Q1 2022 was -¥7,461,974.74, compared to -¥308,555.52 in Q1 2021, indicating a worsening operational performance[19] Cash Flow and Liquidity - The net cash flow from operating activities increased by 120.73% to ¥24,038,411.96, primarily due to reduced payments to suppliers[8] - Cash flow from operating activities for Q1 2022 was ¥24,038,411.96, an increase from ¥10,890,470.89 in Q1 2021[22] - Cash and cash equivalents stood at ¥60,754,889.23, slightly decreased from ¥62,441,546.66 at the end of 2021, representing a decline of approximately 2.69%[15] - Cash and cash equivalents at the end of Q1 2022 totaled ¥50,602,462.72, up from ¥42,767,498.31 at the end of Q1 2021[23] - The company’s total cash flow from financing activities in Q1 2022 was -¥493,998.44, compared to -¥16,925,393.87 in Q1 2021, showing a reduction in cash outflow[23] Assets and Liabilities - Total assets decreased by 7.15% to ¥386,361,916.13 compared to the end of the previous year[4] - The company's total assets amounted to ¥386,361,916.13, a decrease from ¥416,127,505.80 at the end of 2021, reflecting a decline of approximately 7.13%[15] - The company's total liabilities as of March 31, 2022, were ¥144,841,187.62, down from ¥167,086,035.15 at the end of 2021, indicating a reduction of about 13.27%[17] - Total current liabilities were ¥142,166,703.42, reduced from ¥164,366,955.36, showing a decrease of about 13.49%[16] - The company's long-term investments were valued at ¥26,523,981.19, down from ¥28,442,315.35, which is a decline of approximately 6.77%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,514[10] - The company’s basic and diluted earnings per share for Q1 2022 were both -¥0.02, indicating a decline in shareholder value[20] Operational Metrics - Accounts receivable decreased by 34.33%, attributed to a decline in sales revenue[8] - Accounts receivable decreased to ¥12,094,629.41 from ¥18,416,400.46, marking a significant drop of about 34.38%[15] - Inventory levels were reported at ¥90,779,453.39, down from ¥94,893,439.15, which is a decrease of approximately 4.39%[15] - The company reported a significant increase in credit impairment losses, amounting to -¥289,121.92 in Q1 2022, compared to a gain of ¥5,124,056.23 in Q1 2021[19] Government Support and Other Income - The company received government subsidies amounting to ¥342,797.04, contributing to other income[7] - The company did not report any asset disposal losses during the quarter, marking a 100% increase in asset disposal income[8] Research and Development - Research and development expenses for Q1 2022 were ¥8,818,766.97, slightly up from ¥8,013,911.27 in Q1 2021, reflecting continued investment in innovation[19] Investment Income - The company reported a 190.01% increase in contract liabilities, due to changes in customer settlement methods[8] - The company’s investment income decreased by 940.66%, mainly due to increased losses from joint ventures[8]