SDHP(SH:603021)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥165,745,827.78, representing a decrease of 17.78% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥38,932,403.54, a significant decline of 2,143.88% year-over-year[6]. - Basic earnings per share were reported at -¥0.12, a decrease of 1,116.84% year-over-year[6]. - Total operating revenue for Q1 2022 was CNY 165,745,827.78, a decrease of 17.8% compared to CNY 201,593,512.38 in Q1 2021[19]. - Net profit for Q1 2022 was a loss of CNY 36,895,563.64, compared to a profit of CNY 3,661,027.10 in Q1 2021[20]. - The company's gross profit margin decreased significantly, leading to an operating loss of CNY 36,253,968.64 in Q1 2022[20]. - Basic and diluted earnings per share for Q1 2022 were both CNY -0.12, compared to CNY -0.01 in Q1 2021[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥19,940,395.34, but improved by 52.75% compared to the previous year[6]. - The company's cash and cash equivalents decreased to ¥38,258,118.87 from ¥87,011,920.63, a decline of approximately 56%[15]. - Cash flow from operating activities was CNY 165,533,345.01, slightly up from CNY 158,351,392.90 in Q1 2021[22]. - The net cash flow from operating activities was -19,940,395.34 CNY, compared to -42,200,302.89 CNY in the previous period, indicating an improvement[24]. - The total cash and cash equivalents at the end of the period were 18,906,772.32 CNY, down from 78,719,958.74 CNY in the previous period[24]. - The company reported a total cash outflow from operating activities of 185,473,740.35 CNY, compared to 200,551,695.79 CNY in the previous period[24]. Assets and Liabilities - Total assets decreased by 4.58% to ¥3,240,331,306.93 compared to the end of the previous year[7]. - The equity attributable to shareholders decreased by 4.31% to ¥864,117,424.09[7]. - Total assets decreased to ¥3,240,331,306.93 from ¥3,395,986,305.51, a decline of about 4.6%[16]. - The total liabilities decreased to CNY 2,196,664,201.91 from CNY 2,315,423,636.85 year-over-year[20]. - Current liabilities decreased to ¥2,155,964,395.19 from ¥2,265,551,384.26, a reduction of approximately 4.8%[16]. Operational Challenges - The company experienced a 56.03% decrease in cash and cash equivalents, primarily due to reduced cash inflows from sales amid the pandemic[9]. - The company reported a 630.03% decrease in operating profit, attributed to logistics disruptions and increased costs of raw materials[9]. - The subsidiary Jiangsu Shidao Glass Co., Ltd. has suspended production, affecting daily capacity by approximately 160 tons[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,430[12]. - The largest shareholder, Zhang Dehua, holds 80,853,056 shares, representing 25.27% of total shares[12]. Expenses and Investments - Total operating costs increased to CNY 200,786,481.96, up 4.8% from CNY 192,677,572.21 in the same period last year[19]. - Research and development expenses were CNY 5,055,773.50, down 17.3% from CNY 6,111,723.54 in Q1 2021[20]. - The company reported a significant increase in financial expenses, totaling CNY 22,690,064.39, compared to CNY 16,591,857.73 in the previous year[20]. - Cash inflow from investment activities was 80,000,000.00 CNY, significantly higher than 3,000,000.00 CNY in the previous period[24]. - The net cash flow from investment activities was 76,864,499.91 CNY, a substantial recovery from -32,362,901.99 CNY in the previous period[24]. Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities in response to current challenges[9].