CSPM(SH:601858)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 370,244,488, a decrease of 0.60% compared to the same period last year[2]. - The net profit attributable to shareholders was RMB 19,000,935.56, down 20.02% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 18,688,168.89, a decrease of 19.33% compared to the previous year[2]. - The basic earnings per share for the period was RMB 0.0240, reflecting a decline of 20.02% year-on-year[3]. - Net profit for Q1 2022 was RMB 15,920,428.62, down 23.4% from RMB 20,939,791.01 in Q1 2021[16]. - Earnings per share for Q1 2022 was RMB 0.02, compared to RMB 0.03 in Q1 2021[16]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 6,424,864,612.80, a decrease of 1.69% from the end of the previous year[3]. - As of March 31, 2022, total assets amounted to CNY 6,424,864,612.80, a decrease from CNY 6,535,376,175.36 at the end of 2021[12]. - Total current assets were CNY 4,152,633,702.31, down from CNY 4,352,789,690.42 at the end of 2021, reflecting a decrease of approximately 4.6%[11]. - Total liabilities decreased to CNY 1,812,091,262.23 from CNY 1,934,176,851.45, a reduction of about 6.3%[13]. - The company's equity attributable to shareholders rose to CNY 4,566,189,183.50 from CNY 4,551,534,649.90, reflecting a slight increase of approximately 0.3%[13]. Cash Flow - The company's cash flow from operating activities was negative at RMB -267,118,999.33, indicating a significant cash outflow[2]. - Cash flow from operating activities in Q1 2022 was negative at RMB -267,118,999.33, an improvement from RMB -279,134,651.57 in Q1 2021[18]. - The company achieved cash inflow from operating activities totaling RMB 311,928,907.70 in Q1 2022, compared to RMB 307,253,837.45 in Q1 2021[18]. - Cash and cash equivalents at the end of the period were $555,819,611.33, down from $1,086,753,311.54 year-over-year[19]. - The net increase in cash and cash equivalents was -$1,350,271,188.70, compared to -$1,156,083,726.81 in the previous year[19]. Expenses - Total operating costs increased to RMB 318,697,780.64 in Q1 2022, up 2.3% from RMB 311,478,701.87 in Q1 2021[15]. - Research and development expenses increased by 58.94% during the reporting period, indicating a focus on innovation[7]. - Research and development expenses increased to RMB 1,627,711.50 in Q1 2022, up 59% from RMB 1,024,117.58 in Q1 2021[15]. - Sales expenses rose to RMB 31,183,828.67 in Q1 2022, compared to RMB 29,995,201.45 in Q1 2021[15]. - The company reported a decrease in tax and additional fees to RMB 1,204,737.23 in Q1 2022 from RMB 1,872,757.46 in Q1 2021[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,765[8]. - The largest shareholder, China Science Publishing & Media Group, held 582,255,000 shares, accounting for 73.66% of the total shares[8]. Inventory and Receivables - Accounts receivable increased to CNY 145,118,529.51 from CNY 118,452,397.97, representing an increase of approximately 22.5%[11]. - The company's inventory increased to CNY 712,175,849.09 from CNY 658,709,571.63, marking an increase of approximately 8.1%[12]. Other Financial Activities - Net cash inflow from investment activities was $207,755,051.14, a decrease from $236,466,357.30 in the previous year[19]. - Net cash outflow from investment activities totaled $1,287,106,524.10, compared to $1,114,169,802.42 in the prior year, resulting in a net cash flow from investment activities of -$1,079,351,472.96[19]. - Cash paid for investment activities was $1,151,500,000.00, an increase from $455,420,000.00 year-over-year[19]. - Cash received from other investment activities was $73,217,652.63, compared to $47,642,837.14 in the previous year[19]. - Cash paid for other financing activities was $4,371,209.38, up from $370,203.28 in the previous year[19]. - The impact of exchange rate changes on cash and cash equivalents was $637,012.46, down from $1,395,180.89 year-over-year[19]. Accounting Standards - The company did not apply the new accounting standards for the first year of implementation[19].