qscc(SH:600425)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥511,068,734.59, representing a year-on-year increase of 39.56%[6] - The net profit attributable to shareholders was ¥2,515,570.50, while the net profit after deducting non-recurring gains and losses was -¥424,185.49, a decrease of 99.99%[6] - Total operating revenue for Q1 2022 reached CNY 511,068,734.59, a 39.5% increase from CNY 366,198,820.27 in Q1 2021[33] - Net profit for Q1 2022 was CNY 2,293,782.56, compared to a net loss of CNY 63,246,669.94 in Q1 2021[35] - The company's net profit for Q1 2022 was -15,316,086.61 CNY, compared to -30,760,871.08 CNY in Q1 2021, showing an improvement of approximately 50% year-over-year[54] - Operating profit for Q1 2022 was -20,523,778.53 CNY, an improvement from -28,818,683.67 CNY in the same period last year[54] - The company incurred financial expenses of 16,226,024.27 CNY in Q1 2022, compared to 14,875,213.12 CNY in Q1 2021, indicating an increase of approximately 9%[54] - The basic earnings per share for Q1 2022 was -0.01 CNY, compared to -0.02 CNY in Q1 2021, reflecting a slight improvement[55] Cash Flow and Liquidity - The net cash flow from operating activities was -¥124,821,187.62, reflecting a decline of 67.46% compared to the previous year[6] - Cash flow from operating activities in Q1 2022 was negative CNY 124,821,187.62, worsening from negative CNY 74,536,922.03 in Q1 2021[38] - The net cash flow from investing activities was -17,635,477.42, compared to -3,251,807.24 in the previous period, indicating a significant increase in cash outflow[41] - Cash inflow from financing activities totaled 165,000,000.00, while cash outflow was 103,505,469.26, resulting in a net cash flow of 61,494,530.74, contrasting with a net outflow of -126,975,619.84 previously[41] - The ending cash and cash equivalents balance was 1,131,611,226.39, down from 1,212,573,360.69 at the beginning of the period[41] - The company reported a cash balance of 953,204,277.81 CNY at the end of Q1 2022, down from 742,540,364.71 CNY at the end of Q1 2021[59] - The total cash outflow from financing activities in Q1 2022 was 83,427,302.60 CNY, compared to 390,323,113.70 CNY in Q1 2021, indicating a significant reduction[59] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,466,169,880.38, a decrease of 0.25% from the end of the previous year[9] - As of March 31, 2022, the company's total assets amounted to approximately CNY 8.47 billion, a slight decrease from CNY 8.49 billion at the end of 2021[21] - The company's current assets totaled CNY 2.68 billion, compared to CNY 2.65 billion in the previous year, indicating a growth of approximately 0.6%[24] - The company's total liabilities were reported at CNY 3.23 billion, a slight decrease from CNY 3.26 billion in the previous year[27] - The total liabilities amounted to 5,562,819,066.01, slightly up from 5,525,255,057.35 in the previous period[49] - The company's total current assets were 3,486,490,096.03, showing a marginal increase from 3,476,119,966.51[44] Accounts and Inventory - The company reported a significant increase in accounts receivable by 60.16% due to increased product sales[12] - Accounts receivable increased significantly to CNY 196.18 million, up from CNY 122.49 million, representing a growth of approximately 60%[24] - Inventory levels rose to CNY 660.23 million, compared to CNY 599.57 million, marking an increase of about 10.1%[24] - Contract liabilities increased by 132.01%, indicating a rise in advance payments received[12] - Contract liabilities surged to CNY 118.42 million, up from CNY 51.04 million, indicating a significant increase of approximately 132.6%[27] Future Outlook and Strategy - The company aims to improve operational efficiency and reduce costs in the upcoming quarters[33] - The management highlighted plans for market expansion and potential new product developments in the future[33] - The company did not report any new product launches or technological developments during this quarter[12] - There were no significant mergers or acquisitions reported in this quarter[12] - Research and development expenses were not explicitly detailed in the report, indicating a potential area for future focus[33]