Carthane(SH:603037)2022-05-27 16:00Financial Performance - Revenue for Q1 2022 was CNY 120,748,999.62, a decrease of 6.28% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 12,394,843.53, down 43.71% year-on-year[5] - Basic and diluted earnings per share were both CNY 0.12, reflecting a decline of 43.71%[6] - Total revenue for Q1 2022 was RMB 120,748,999.62, a decrease of 6.4% compared to RMB 128,834,911.34 in Q1 2021[19] - Total operating costs for Q1 2022 were RMB 105,697,933.82, an increase of 1.6% from RMB 103,869,075.41 in Q1 2021[19] - The company reported a net profit margin of approximately 10.5% for Q1 2022, compared to 11.0% in Q1 2021[19] - Total net profit for Q1 2022 was CNY 13,404,395.84, a decline of 39.7% compared to CNY 22,261,612.34 in Q1 2021[21] - Operating profit for Q1 2022 was CNY 15,865,299.02, down 39.0% from CNY 26,072,735.49 in the same period last year[20] - Total comprehensive income for Q1 2022 was CNY 13,371,516.14, a decrease of 40.0% from CNY 22,320,703.56 in Q1 2021[21] - The net profit for Q1 2022 was CNY 7,419,446.72, down 64.5% from CNY 20,822,496.08 in Q1 2021[30] Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 1,385,756.27, a decrease of 115.82%[5] - Cash flow from operating activities for Q1 2022 was negative at CNY -1,385,756.27, compared to a positive CNY 8,760,081.75 in Q1 2021[24] - Cash and cash equivalents decreased to RMB 142,224,009.50 as of March 31, 2022, down from RMB 304,923,232.21 at the end of 2021[15] - The company's cash inflow from operating activities was CNY 116,458,630.77, up from CNY 99,786,421.43 in Q1 2021[31] - The net cash flow from investment activities was -$91.68 million, a decrease from -$169.16 million in the previous period[32] - The total cash and cash equivalents at the end of the period were $110.92 million, down from $153.71 million[32] - The net increase in cash and cash equivalents was -$104.37 million, compared to -$164.22 million previously[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 991,559,536.24, down 4.15% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 991,559,536.24, down from RMB 1,034,454,589.62 at the end of 2021[18] - Total liabilities decreased to RMB 109,816,147.99 from RMB 141,793,723.89 year-over-year[17] - The total liabilities for Q1 2022 were CNY 124,914,473.13, a marginal increase from CNY 123,892,421.61 in Q1 2021[28] - The company's total equity decreased to CNY 842,693,048.44 in Q1 2022 from CNY 859,562,595.34 in Q1 2021[28] Research and Development - Increased R&D expenses and management costs contributed to the significant drop in net profit[10] - Research and development expenses rose to RMB 13,043,456.14 in Q1 2022, up 43.5% from RMB 9,119,591.91 in Q1 2021[19] - Research and development expenses increased to CNY 11,346,320.98 in Q1 2022, representing a 49.5% increase from CNY 7,590,511.51 in Q1 2021[30] Other Financial Metrics - The company reported a non-recurring government subsidy of CNY 98,345.10 during the period[7] - Interest income for Q1 2022 was CNY 616,256.67, down from CNY 887,658.03 in Q1 2021, representing a decrease of approximately 30.6%[20] - The company incurred a total investment cash outflow of CNY 197,012,352.94 in Q1 2022, compared to CNY 169,429,842.43 in Q1 2021, reflecting an increase of 16.3%[24] - The company reported a financial expense of CNY 396,731.70 in Q1 2022, compared to a financial income of CNY 594,221.00 in Q1 2021[30] Impact of External Factors - The decline in revenue was primarily due to pandemic-related restrictions affecting sales operations, with an estimated revenue impact of around CNY 25 million[10] - The impact of exchange rate changes on cash and cash equivalents was -$159,112.71, contrasting with a positive impact of $189,288.42 in the prior period[32]