2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥279,765,054.92, representing a year-on-year increase of 13.18%[6] - The net profit attributable to shareholders of the listed company was -¥1,250,153.46, indicating a loss[6] - The net cash flow from operating activities was -¥42,316,254.26, showing a significant cash outflow[6] - Total operating revenue for Q1 2022 was CNY 279,765,054.92, an increase of 13.2% compared to CNY 247,188,636.65 in Q1 2021[35] - Net profit for Q1 2022 was CNY -2,935,092.73, compared to CNY -4,632,388.86 in Q1 2021, showing an improvement of 36.5%[39] - The total comprehensive income attributable to the parent company was -1,250,153.46 RMB, compared to -4,279,724.70 RMB in the same period last year, showing an improvement[41] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,580,028,000.69, an increase of 0.74% compared to the end of the previous year[9] - The company's total assets amounted to CNY 1,580,028,000.69, up from CNY 1,568,448,757.50, indicating a growth of 0.7%[35] - The company's total liabilities increased to CNY 621,551,046.08 from CNY 607,036,710.16, marking a rise of 2.5%[35] - The equity attributable to shareholders of the listed company was ¥676,405,461.38, a decrease of 0.18% from the previous year[9] - The total equity attributable to shareholders decreased to CNY 676,405,461.38 from CNY 677,655,614.84, a decline of 0.2%[35] Cash Flow - The net cash flow from operating activities was -42,316,254.26 RMB, a decline from -15,817,719.28 RMB year-over-year[44] - Cash received from sales of goods and services was 240,857,736.64 RMB, down from 250,369,171.06 RMB in the first quarter of 2021[41] - The net cash outflow from investing activities was -7,862,787.84 RMB, compared to -11,374,987.32 RMB in the previous year, indicating a reduced investment loss[44] - Cash and cash equivalents at the end of the period totaled 87,878,037.06 RMB, down from 238,123,553.06 RMB at the end of the first quarter of 2021[46] - The total cash inflow from financing activities was 41,021,160.00 RMB, with a net cash flow of 32,416,820.00 RMB, a significant recovery from -13,029,889.98 RMB in the same quarter last year[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,682, with the largest shareholder holding 50.67% of the shares[18] - The company held its first temporary shareholders' meeting in 2022 to extend the validity period of the resolution regarding the asset acquisition[25] Operational Developments - The company is in the process of acquiring 80% equity in Qingdao Beiyang Tianqing Shulian Intelligent Co., Ltd. to enhance its operational sustainability and profitability[22] - The company received conditional approval for its restructuring plan from the China Securities Regulatory Commission on December 15, 2021[25] - The company plans to continue advancing its restructuring efforts despite the temporary suspension of its asset acquisition review[25] Expenses and Investments - Research and development expenses increased to CNY 7,830,234.46 in Q1 2022 from CNY 4,685,582.61 in Q1 2021, representing a growth of 67.5%[35] - The company recorded investment income of CNY 5,177,469.78, compared to CNY 452,879.87 in the previous year, reflecting a substantial increase[39] Other Financial Metrics - The basic and diluted earnings per share were both -¥0.01, compared to ¥0.00 in the same period last year[9] - The company experienced an increase in revenue from joint ventures, contributing positively to profit despite the overall net loss[14] - The increase in cash outflow from operating activities was mainly due to rising raw material prices and payments for matured acceptance bills[14] - The company reported a decrease in employee compensation payable from CNY 27,257,688.27 to CNY 15,454,990.55, a reduction of 43.3%[35] - Long-term payables rose significantly to CNY 53,207,700.00 from CNY 30,000,000.00, an increase of 77.4%[35] - The company's cash and cash equivalents decreased to RMB 87,878,037.06 from RMB 105,776,763.72 year-over-year[26] - Accounts receivable increased to RMB 184,171,685.42 from RMB 175,225,191.63, reflecting a growth of approximately 5.4%[30] - Inventory rose to RMB 335,505,032.37 from RMB 324,694,186.81, indicating an increase of about 3.5%[30] - The company’s long-term equity investments increased to RMB 84,494,443.00 from RMB 79,947,483.76, showing a growth of approximately 5.7%[30] - Short-term borrowings increased to RMB 93,966,040.00 from RMB 83,825,972.96, representing a rise of about 12.8%[30] - The company experienced a foreign exchange loss of -136,504.56 RMB, an improvement from -721,387.19 RMB in the same quarter last year[46]