THGW(SH:600365)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 238,773,121.36, representing a year-on-year increase of 4.01%[5] - The net profit attributable to shareholders of the listed company was a loss of CNY 3,985,956.89, a decrease of 763.32% compared to the same period last year[5] - Total revenue for Q1 2022 was CNY 238,773,121.36, an increase of 4.3% compared to CNY 229,557,458.23 in Q1 2021[23] - Net profit for Q1 2022 was a loss of CNY 4,236,682.16, compared to a profit of CNY 5,639,139.81 in Q1 2021[24] - The operating profit for Q1 2022 was a loss of CNY 1,016,911.53, down from a profit of CNY 9,158,833.36 in Q1 2021[24] - The company's total equity decreased to 677,363,005.59 RMB from 688,823,252.97 RMB, reflecting a decline in shareholder value[34] - The company's operating profit for Q1 2022 was -11,481,757.90 RMB, compared to -3,859,730.08 RMB in Q1 2021, indicating a significant decline in profitability[36] - The net profit for Q1 2022 was -11,460,247.38 RMB, a decrease from -3,876,496.71 RMB in the same period last year, reflecting a worsening financial performance[37] Cash Flow - The net cash flow from operating activities was a negative CNY 45,843,185.46, indicating increased cash outflows[5] - The company's operating cash flow for Q1 2022 was negative at -45,843,185.46 RMB, compared to -6,296,651.91 RMB in Q1 2021, indicating a significant decline in cash generation from operations[29] - Cash flow from operating activities generated a net inflow of 38,947.57 RMB in Q1 2022, a recovery from a net outflow of -3,915,148.29 RMB in Q1 2021[38] - The total operating cash outflow in Q1 2022 was 4,578,765.52 RMB, significantly lower than 21,170,782.13 RMB in Q1 2021, showing improved cash management[38] - The net cash flow from investing activities was -822,070.82 RMB, showing a decrease in cash from investments compared to the previous period[30] - The net cash flow from financing activities was positive at 45,762,675.50 RMB, compared to 26,553,520.92 RMB in the previous year, indicating improved financing activities[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 774,747,459.31, down 10.94% from the end of the previous year[6] - The company's total assets decreased from CNY 857,577,252.74 in the previous quarter to CNY 774,747,459.31 in Q1 2022[22] - Total liabilities decreased from CNY 492,662,322.32 in the previous quarter to CNY 414,069,211.05 in Q1 2022[22] - The total liabilities increased to 224,670,769.18 RMB from 214,492,165.15 RMB, indicating a rise in the company's debt levels[34] - The company's total current assets amounted to RMB 427,438,706.21, a decrease of 15.5% from RMB 506,369,226.35 on December 31, 2021[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,830[11] - The top shareholder, Jilin Province Jixiang Jiade Investment Co., Ltd., held 10.7% of the shares, amounting to 43,093,236 shares[12] - The company has a total of 10 major shareholders, with Jilin Province Jixiang Jiade Investment Co., Ltd. holding 43,093,236 shares, making it the largest shareholder[13] Inventory and Receivables - The company experienced a 31.71% decrease in accounts receivable due to ongoing collections[9] - Accounts receivable decreased to RMB 87,197,583.45 from RMB 127,679,729.44, representing a reduction of 31.7%[20] - Inventory decreased to RMB 233,778,685.90 from RMB 262,008,138.66, reflecting a decline of 10.8%[20] Legal Matters - The company has ongoing litigation involving Jiangsu Dahong Industrial Co., Ltd. with a claim amount of RMB 85 million, but previous court rulings favored the company[14] - The company is involved in litigation with Jiangsu Hanxun Communications Technology Co., Ltd. and Nanjing Huaxun Fangzhou Communication Equipment Co., Ltd., with claims totaling RMB 235 million[15] - The company has reached a settlement with Jiangsu Hanxun, eliminating any guarantee or repayment obligations related to the disputed loans[16] - The company is pursuing arbitration against Nantong Hongqian Enterprise Planning Consulting Co., Ltd. involving claims of RMB 13 million and RMB 104.7 million[17] Research and Development - Research and development expenses for Q1 2022 were CNY 219,379.71, slightly up from CNY 197,168.81 in Q1 2021[24] - The company incurred research and development expenses of 219,379.71 RMB in Q1 2022, compared to 197,168.81 RMB in Q1 2021, indicating a slight increase in R&D investment[36]