Hunan (SH:600476)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥74,336,427.11, representing a year-on-year increase of 17.64%[5] - The net profit attributable to shareholders was a loss of ¥14,240,489.36, with a basic and diluted earnings per share of -¥0.088[5] - The company reported a significant increase in financial expenses by 117.52% due to an increase in average loan scale during the reporting period[9] - Total operating revenue for Q1 2022 was CNY 74,336,427.11, an increase of 17.5% compared to CNY 63,188,026.80 in Q1 2021[19] - Net loss for Q1 2022 was CNY 14,240,489.36, compared to a net loss of CNY 4,129,585.94 in Q1 2021, representing an increase in loss of 244.5%[20] - The total equity attributable to shareholders was CNY 149,734,401.58 in Q1 2022, down from CNY 163,974,890.94 in Q1 2021, reflecting a decline of 8.7%[19] Cash Flow - The net cash flow from operating activities was -¥45,144,724.83, indicating a negative cash flow situation[5] - Operating cash flow for Q1 2022 was negative CNY 45,144,724.83, an improvement from negative CNY 67,266,224.83 in Q1 2021[22] - The company reported a net cash outflow of CNY 10,619,324.88 for the quarter, compared to an outflow of CNY 59,435,534.01 in the same period last year, showing a significant reduction in cash burn[23] - The cash flow from financing activities generated a net inflow of CNY 34,593,628.29 in Q1 2022, compared to CNY 7,856,996.34 in Q1 2021, indicating a significant improvement[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥591,686,015.91, down 5.34% from the end of the previous year[6] - Current assets totaled RMB 444,821,885.16, down from RMB 473,279,174.88, indicating a decrease of about 6.83%[14] - The company's total liabilities as of Q1 2022 were CNY 441,951,614.33, a decrease of 4.2% from CNY 461,097,733.32 in Q1 2021[19] - The total liabilities decreased to CNY 444,375,141.41 from CNY 464,881,260.40, a reduction of about 4.4%[25] Inventory and Receivables - Accounts receivable increased by 734.84% due to the receipt of bank acceptance bills from sales customers during the reporting period[9] - Inventory increased to RMB 77,855,925.81 from RMB 62,029,714.17, marking an increase of approximately 25.54%[14] - The company reported a significant increase in other receivables, which rose to RMB 42,816,164.89 from RMB 40,783,273.85, an increase of approximately 5.00%[14] Operational Costs - Total operating costs for Q1 2022 were CNY 89,111,970.04, up 24.2% from CNY 71,717,056.29 in Q1 2021[19] - The company paid 115,406,078.21 RMB for goods and services, compared to 51,609,843.33 RMB in Q1 2021, reflecting increased operational costs[30] Research and Development - Research and development expenses for Q1 2022 were CNY 2,127,824.65, an increase of 27.4% from CNY 1,668,953.40 in Q1 2021[19] - The company incurred R&D expenses of CNY 2,127,824.65 in Q1 2022, up from CNY 1,668,953.40 in Q1 2021, representing a growth of 27.5%[28] Government Support - The company received government subsidies amounting to ¥312,801.65, which are closely related to its normal business operations[8] Strategic Developments - The company has not disclosed any significant new strategies or product developments during the reporting period[13] - The company did not report any new product launches or significant market expansions during this quarter[30]