SHBT(SH:603009)2022-05-24 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥428,281,371.61, a slight decrease of 0.23% compared to the same period last year[5] - Net profit attributable to shareholders was ¥23,952,562.71, representing a year-on-year increase of 7.22%[5] - Basic and diluted earnings per share were both ¥0.0668, reflecting a growth of 7.4% year-on-year[6] - Net profit for Q1 2022 increased to ¥23,408,144.34, up 16.4% from ¥20,129,107.22 in Q1 2021[24] - The company's total revenue for Q1 2022 was approximately ¥188.52 million, representing an increase of 11.4% compared to ¥168.92 million in Q1 2021[31] - The net profit for Q1 2022 was approximately ¥11.17 million, up 90.5% from ¥5.86 million in Q1 2021[32] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 62.14% to ¥28,482,476.15, primarily due to reduced receivables and increased payments for raw materials[7] - Cash flow from operating activities for Q1 2022 was ¥28,482,476.15, down 62.1% from ¥75,231,668.70 in Q1 2021[27] - Cash and cash equivalents at the end of Q1 2022 decreased to ¥45,534,204.17 from ¥93,211,549.86 at the end of Q1 2021[27] - The ending balance of cash and cash equivalents decreased to $20.83 million from $62.70 million year-over-year, reflecting a decline of 66.8%[35] - Cash received from operating activities decreased to $133.29 million from $138.37 million, a decline of 3.1% year-over-year[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,121,872,236.15, down 1.36% from the end of the previous year[6] - As of March 31, 2022, the total assets amounted to RMB 3,121,872,236.15, a decrease from RMB 3,164,999,574.69 at the end of 2021[22] - Total liabilities decreased to RMB 1,487,570,888.35 from RMB 1,554,106,371.23 at the end of 2021[21] - The total liabilities increased to approximately ¥936.39 million from ¥889.33 million at the end of 2021[30] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,315[14] - The top shareholder, Jin Kun, holds 29.80% of the shares, with a portion pledged[14] - The total equity attributable to shareholders increased by 1.28% to ¥1,565,775,924.55[6] - The total owner's equity as of March 31, 2022, was approximately ¥1.52 billion, up from ¥1.51 billion at the end of 2021[31] Cost Management - The company faced significant cost pressures due to rising prices of bulk materials but maintained profitability through cost-saving measures[6] - Total operating costs decreased to ¥403,660,225.62 in Q1 2022 from ¥409,875,255.66 in Q1 2021, representing a reduction of 1.05%[23] - The company reported a decrease in sales expenses to ¥9,195,591.95 in Q1 2022 from ¥12,565,699.99 in Q1 2021, a reduction of 26.4%[23] - Research and development expenses were ¥15,388,070.64 in Q1 2022, down from ¥16,190,864.75 in Q1 2021, indicating a decrease of 4.9%[23] Investment Activities - Investment activities resulted in a net cash outflow of ¥36,407,854.03 in Q1 2022, compared to a net outflow of ¥40,309,274.61 in Q1 2021[27] - The company did not report any cash inflow from investment activities in Q1 2022, while cash outflow for investments was $33.70 million, down from $38.48 million in the previous year[35]