ECC(SH:600850)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,781,531,249.47, representing a year-on-year increase of 13.42%[5] - The net profit attributable to shareholders for Q1 2022 was ¥71,676,901.98, reflecting a year-on-year increase of 3.86%[5] - Basic earnings per share for Q1 2022 were ¥0.1679, which is a 3.86% increase compared to the same period last year[5] - Net profit attributable to shareholders of the parent company for Q1 2022 was RMB 71,676,901.98, compared to RMB 69,011,749.10 in Q1 2021, reflecting a growth of 3.9%[31] - Operating profit for Q1 2022 was ¥6,827,874.81, significantly up from ¥889,709.52 in Q1 2021[47] - Net profit for Q1 2022 reached ¥6,973,868.69, compared to ¥914,442.55 in the same period last year, indicating a substantial increase[47] Cash Flow - The net cash flow from operating activities for Q1 2022 was -¥1,276,547,402.16, indicating a significant decrease in cash inflow[5] - The company reported a decrease in cash received from sales of goods and services, impacting the net cash flow from operating activities[11] - Cash inflow from operating activities totaled CNY 1,515,446,101.25, down from CNY 2,528,297,868.77 in the previous year, indicating a decrease of approximately 40%[36] - Cash outflow from operating activities was CNY 2,791,993,503.41, compared to CNY 3,246,551,095.19 in the previous year, reflecting a decrease of about 14%[36] - The net cash flow from operating activities was negative CNY 1,276,547,402.16, worsening from negative CNY 718,253,226.42 year-over-year[36] - Total cash inflow from operating activities was 265,197,259.89 CNY in Q1 2022, down from 275,979,557.05 CNY in Q1 2021, reflecting a decrease of approximately 3%[49] - Cash outflow from operating activities increased to 366,446,412.15 CNY in Q1 2022, compared to 285,480,889.36 CNY in Q1 2021, representing an increase of about 28%[49] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥8,837,963,762.68, down 8.13% from the end of the previous year[7] - The total liabilities decreased from RMB 6,491,037,259.68 in the previous period to RMB 5,644,027,492.51[28] - Total current assets decreased to CNY 1,435,865,354.83 from CNY 1,547,938,502.88, a decline of about 7.2%[38] - The total liabilities decreased to CNY 1,000,000,000.00 from CNY 1,200,000,000.00, indicating a reduction of 16.7%[39] - Total assets decreased to ¥8,837,963,762.68 from ¥9,620,165,146.84[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,892[14] - The largest shareholder, China Electronics Technology Group Corporation, holds 103,285,166 shares, accounting for 24.20% of total shares[14] - Shareholder Su Zongwei holds 7,930,050 shares, with 7,808,350 shares held through a margin account[16] Research and Development - Research and development expenses for Q1 2022 were RMB 87,074,606.23, an increase from RMB 77,261,034.98 in Q1 2021[28] - Research and development expenses for Q1 2022 were ¥10,971,106.51, up from ¥9,975,334.39 in Q1 2021, reflecting a focus on innovation[47] Government Subsidies - The company continues to receive government subsidies related to its normal business operations, totaling ¥269,522.79[11] Future Plans - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[31] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[34] Other Financial Metrics - The weighted average return on equity was 2.41%, a decrease of 0.09 percentage points from the previous year[5] - Non-recurring gains and losses totaled ¥1,186,805.71 for the period[11] - The company reported a credit impairment loss of ¥1,055,714.03 in Q1 2022, compared to a loss of ¥445,101.01 in Q1 2021[47] - The total comprehensive income attributable to the parent company was CNY 70,594,961.42, slightly up from CNY 70,582,326.08 in the previous year[33]