WSBE(SH:600421)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥17,665,098.37, representing a decrease of 12.43% compared to the same period last year[5]. - Total operating revenue for Q1 2022 was ¥17,665,098.37, a decrease of 7.5% from ¥20,171,884.26 in Q1 2021[16]. - The net profit attributable to shareholders was a loss of ¥2,082,615.78, with a net profit margin not applicable due to the loss[5]. - Net loss for Q1 2022 was ¥2,450,284.03, compared to a net loss of ¥1,376,289.57 in Q1 2021, representing an increase in loss of 78%[17]. - The company's gross profit margin decreased to -4.2% in Q1 2022 from -0.7% in Q1 2021[16]. - Cash received from sales of goods and services in Q1 2022 was ¥20,924,542.44, down 10.6% from ¥23,399,719.81 in Q1 2021[19]. Cash Flow - The net cash flow from operating activities was negative at ¥7,539,086.40, indicating cash outflows during the quarter[5]. - The net cash flow from operating activities was -7,539,086.40, compared to -9,660,927.72 in the previous year, indicating an improvement of approximately 22%[20]. - Total cash inflow from operating activities was 21,684,751.77, while cash outflow was 29,223,838.17, resulting in a net cash flow deficit[20]. - Cash flow from investing activities was -48,612.00, showing a decrease from -622,062.58 year-over-year, reflecting reduced investment expenditures[20]. - Cash flow from financing activities resulted in a net outflow of -3,079,808.82, compared to -140,999.97 in the previous year, indicating increased financing costs[21]. - The ending balance of cash and cash equivalents was 5,642,703.28, down from 21,851,910.35 in the previous year, representing a decline of approximately 74%[21]. - The company reported a total cash outflow from operating activities of 34,023,286.10, compared to 29,223,838.17, indicating a significant increase in cash outflows[20]. Assets and Liabilities - Total assets at the end of Q1 2022 were ¥108,971,330.25, down 9.95% from the end of the previous year[6]. - The total assets decreased from ¥121,014,776.97 in the previous quarter to ¥108,971,330.25 in Q1 2022, a decline of 10%[13]. - Total liabilities decreased from ¥68,738,210.26 to ¥59,139,073.86, a reduction of 14%[13]. - The company's equity attributable to shareholders decreased from ¥27,452,970.12 to ¥25,376,328.05, a decline of 7.6%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,663[9]. - The top shareholder, Zhejiang Hengshun Investment Co., Ltd., held 19.50% of the shares, totaling 38,136,775 shares[9]. Expenses - Total operating costs for Q1 2022 were ¥20,402,076.06, down 5.8% from ¥21,653,049.33 in Q1 2021[16]. - Research and development expenses for Q1 2022 were ¥1,013,526.30, a decrease of 10% from ¥1,126,752.74 in Q1 2021[16]. - Cash paid for employee compensation was 7,014,537.55, down from 8,537,844.04, indicating a reduction in payroll expenses[20]. - The company paid 3,078,358.82 in dividends and interest, significantly higher than 140,999.97 in the previous year, reflecting increased financial obligations[21]. Government Support - The company received government subsidies amounting to ¥250,833.16, which were closely related to its normal business operations[7]. Financing Activities - The company reported a significant increase of 1,825.00% in receivables financing, attributed to the receipt of high-credit bank acceptance bills[7]. - The company received cash from borrowings amounting to 3,000,000.00, consistent with the previous year[21]. - The cash received from other operating activities was 760,209.33, compared to 962,638.57, showing a decrease of approximately 21%[20].