Yuancheng gold(SH:600766)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥11,007,513.29, representing a decrease of 76.76% compared to the same period last year[5] - The net profit attributable to shareholders was -¥142,775.16, a decline of 106.28% year-on-year[5] - Total operating revenue for Q1 2022 was ¥11,007,513.29, a decrease of 76.8% compared to ¥47,369,135.95 in Q1 2021[16] - Net profit for Q1 2022 was a loss of ¥142,775.16, compared to a profit of ¥2,272,722.06 in Q1 2021, indicating a significant decline[17] - Operating profit for Q1 2022 was a loss of ¥214,545.99, compared to a profit of ¥2,384,533.90 in Q1 2021[17] - Total operating costs for Q1 2022 were ¥11,222,806.73, down from ¥45,022,514.14 in Q1 2021, reflecting a 75.1% decrease[16] Cash Flow and Liquidity - The net cash flow from operating activities was -¥9,322,751.13, reflecting a decrease of 761.92% compared to the previous year[5] - The company's cash and cash equivalents dropped significantly to ¥454,304.42 from ¥11,876,305.64, indicating liquidity challenges[12] - In Q1 2022, the company's cash inflow from operating activities was CNY 8,355,800.81, a significant decrease of 86.4% compared to CNY 61,349,450.86 in Q1 2021[19] - The net cash outflow from operating activities was CNY -9,322,751.13, compared to CNY -1,081,630.89 in the same period last year, indicating a worsening cash flow situation[20] - The total cash outflow from operating activities was CNY 17,678,551.94, down from CNY 62,431,081.75 in Q1 2021, reflecting a decline of 71.7%[19] - The company's cash and cash equivalents at the end of Q1 2022 were CNY 454,304.42, down from CNY 6,433,281.08 at the end of Q1 2021, representing a decline of 92.9%[21] - The company is facing liquidity challenges, as indicated by the substantial decrease in cash and cash equivalents compared to the previous year[21] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥142,188,585.72, down 1.13% from the end of the previous year[6] - The total assets as of Q1 2022 amounted to ¥142,188,585.72, slightly down from ¥143,815,845.04 in the previous quarter[14] - Total liabilities for Q1 2022 were ¥83,983,325.92, compared to ¥85,467,810.08 in the previous quarter, showing a decrease of 1.7%[14] - The company's equity attributable to shareholders was ¥58,205,259.80, a slight decrease from ¥58,348,034.96 in the previous quarter[14] Shareholder Information - The company had a total of 15,145 common shareholders at the end of the reporting period[8] Future Outlook - The decline in revenue was primarily due to reduced construction activity and steel demand caused by local COVID-19 outbreaks[10] - The company anticipates a gradual recovery in steel revenue as the construction industry resumes operations following the easing of the pandemic[10] Tax and Financial Expenses - The company reported a tax expense of ¥71,770.83 for Q1 2022, compared to a tax benefit of ¥111,811.84 in Q1 2021[17] - The company incurred financial expenses of ¥4,708.33 in Q1 2022, down from ¥42,096.85 in Q1 2021[17] Accounts Receivable - Accounts receivable increased by 616.94%, indicating a rise in outstanding payments from customers[6] Employee Payments - The cash outflow for employee payments was CNY 292,921.87, a decrease from CNY 785,502.91 in Q1 2021, reflecting a reduction in workforce-related expenses[19]