BVEA(SH:600379)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 269,500,507.18, representing a year-on-year increase of 30.34%[4] - The net profit attributable to shareholders of the listed company was CNY 6,752,252.78, with a slight increase of 1.04% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 8.97% to CNY 5,777,255.53[4] - Total operating revenue for Q1 2022 was RMB 269,500,507.18, an increase of 30.4% compared to RMB 206,767,582.49 in Q1 2021[18] - Net profit for Q1 2022 reached RMB 6,794,549.63, a slight increase of 1.7% from RMB 6,682,698.79 in Q1 2021[19] - Operating profit for Q1 2022 was RMB 7,606,704.16, a decrease of 1.6% compared to RMB 7,732,729.45 in Q1 2021[18] Cash Flow and Assets - The net cash flow from operating activities was CNY 42,864,210.26, showing a decrease of 2.79% year-on-year[4] - Cash flow from operating activities for Q1 2022 was RMB 42,864,210.26, a decrease of 2.8% from RMB 44,095,275.77 in Q1 2021[22] - Cash and cash equivalents at the end of Q1 2022 totaled RMB 318,133,805.62, an increase from RMB 204,648,797.40 at the end of Q1 2021[23] - The company's cash and cash equivalents increased to CNY 320,133,805.62 from CNY 282,341,153.46, representing a growth of approximately 13.41%[14] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,206,312,200.53, an increase of 7.96% from the end of the previous year[4] - The total liabilities of the company were CNY 561,740,302.16 as of March 31, 2022, up from CNY 480,171,942.29, which is an increase of about 16.94%[16] - The company's equity attributable to shareholders increased to CNY 618,569,555.49 from CNY 611,305,507.84, reflecting a growth of approximately 1.93%[16] - The company's current assets totaled CNY 950,041,749.77 as of March 31, 2022, compared to CNY 853,446,704.07 at the end of 2021, indicating an increase of about 11.34%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,271[8] - The largest shareholder, Shaanxi Baoguang Group Co., Ltd., held 26.96% of the shares[8] Expenses - Total operating costs for Q1 2022 were RMB 263,040,270.26, up 32.0% from RMB 199,375,633.04 in Q1 2021[18] - Research and development expenses for Q1 2022 were RMB 8,242,528.62, a decrease of 9.1% from RMB 9,072,548.10 in Q1 2021[18] - Sales expenses increased to RMB 7,474,650.62 in Q1 2022, up 21.0% from RMB 6,181,544.61 in Q1 2021[18] Non-Recurring Gains and Losses - The company reported non-recurring gains of CNY 974,997.25, primarily from government subsidies and asset disposal[6] Management Changes - The company appointed a new financial director, Fu Shuguang, effective March 9, 2022, following the resignation of the previous financial director, Yang Yu[12] Inventory and Borrowings - The company reported a significant increase in inventory, which rose to CNY 194,094,491.07 from CNY 159,381,051.13, indicating a growth of approximately 21.78%[15] - The company’s short-term borrowings remained stable at CNY 30,000,000.00, slightly down from CNY 30,031,625.00[16] - The company’s non-current liabilities decreased slightly to CNY 43,823,326.74 from CNY 45,692,749.38, a decline of about 4.08%[16]