GMTC(SH:600898)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 51,456,459.13, representing a year-on-year increase of 39.73%[3]. - Total revenue for Q1 2022 was CNY 51,456,459.13, an increase of 39.6% compared to CNY 36,824,473.72 in Q1 2021[15]. - The net profit attributable to shareholders was a loss of CNY 10,445,655.97, with a significant increase in losses compared to the same period last year[3][4]. - Net loss for Q1 2022 was CNY -12,153,131.99, compared to a net loss of CNY -4,107,121.17 in Q1 2021, representing an increase in loss of 195.5%[15][16]. - Gross profit margin for Q1 2022 was approximately -23.5%, down from a positive margin in Q1 2021[15]. Cash Flow - The net cash flow from operating activities was a negative CNY 50,477,540.75, indicating cash outflow from operations[3]. - In Q1 2022, the cash inflow from operating activities was CNY 82,595,982.50, a significant increase from CNY 27,214,665.98 in Q1 2021, representing a growth of approximately 203%[17]. - The net cash flow from operating activities was -CNY 50,477,540.75, an improvement compared to -CNY 223,200,155.97 in the same period last year[17]. - Cash outflow for purchasing goods and services was CNY 113,892,171.46, down from CNY 208,919,175.56 in Q1 2021, indicating a reduction of about 45%[17]. - The company recorded a net cash flow from investing activities of -CNY 5,812,899.24, a decrease from CNY 138,086,272.65 in Q1 2021[17]. - Cash inflow from financing activities was CNY 50,000,000.00, up from CNY 10,000,000.00 in Q1 2021, marking a 400% increase[17]. - The net cash flow from financing activities was CNY 5,252,754.04, compared to CNY 8,823,280.32 in the previous year[17]. - The ending cash and cash equivalents balance was CNY 85,167,980.86, down from CNY 155,750,278.36 at the end of Q1 2021[18]. - The company experienced a negative impact of -CNY 4,579.32 from foreign exchange fluctuations on cash and cash equivalents[17]. - The total cash inflow from operating activities was primarily driven by increased sales, with cash received from sales reaching CNY 80,602,606.76, compared to CNY 26,921,751.99 in Q1 2021[17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 605,357,500.64, down 2.27% from the end of the previous year[4]. - Total current assets decreased to CNY 322,248,521.76 as of March 31, 2022, down from CNY 333,153,925.52 at the end of 2021[12]. - Total liabilities as of March 31, 2022, were CNY 403,493,986.47, slightly down from CNY 405,765,865.46 at the end of 2021[13]. - The company reported a decrease in cash and cash equivalents to CNY 93,693,475.81 from CNY 149,371,048.47 at the end of 2021[12]. - The total equity attributable to shareholders decreased to CNY 119,399,404.20 from CNY 129,647,970.52 at the end of 2021[13]. - Shareholders' equity attributable to the company was CNY 119,399,404.20, a decrease of 7.90% compared to the previous year[4]. Earnings Per Share - The basic and diluted earnings per share were both CNY -0.0366, reflecting increased losses attributable to shareholders[3][6]. - Basic and diluted earnings per share for Q1 2022 were both CNY -0.0366, compared to CNY -0.0125 in Q1 2021[16]. Operational Insights - Accounts receivable increased by 44.60% due to growth in manufacturing business[6]. - The company received government subsidies amounting to CNY 26,568.38, which are closely related to its normal operations[5]. - The company did not report any new product developments or market expansion strategies during this quarter[10]. - The company did not report any new product launches or significant market expansion strategies during this quarter[19]. - Research and development expenses for Q1 2022 were CNY 1,903,661.64, a decrease of 9.5% from CNY 2,102,259.33 in Q1 2021[15].