Weaver Network(SH:603039)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥293,014,893.88, representing a year-on-year increase of 17.26%[7] - The net profit attributable to shareholders for Q1 2022 was ¥15,130,698.70, a decrease of 41.95% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,866,868.25, down 87.82% year-on-year[7] - The basic earnings per share for Q1 2022 was ¥0.06, reflecting a decline of 50.00% compared to the previous year[9] - The diluted earnings per share for Q1 2022 was also ¥0.06, showing a decrease of 50.00% year-on-year[16] - The weighted average return on equity for Q1 2022 was 0.80%, a decrease of 1.04 percentage points from the previous year[9] - The net profit for the current period is 15,130,698.70, a decrease of 42.00% compared to 26,064,119.13 in the same period last year[36] - Operating profit decreased to 15,594,248.17, down 48.60% from 30,354,408.91 in the same period last year[36] - The total comprehensive income for the period was 15,130,062.05, a decrease from 26,064,123.01 in the previous year[36] Cash Flow and Investments - The net cash flow from operating activities for Q1 2022 was -¥138,468,538.65, indicating a significant cash outflow[7] - The cash flow from operating activities showed a net outflow of -138,468,538.65, compared to -82,168,560.70 in the same period last year[41] - The company received cash from investment activities amounting to 840,872,164.39, compared to 557,003,684.94 in the previous year[41] - The net cash flow from investing activities was $158,292,447.90, a significant improvement compared to a negative cash flow of $39,190,467.41 in the previous period, indicating a positive investment trend[42] - Cash outflows from financing activities were $4,618,106.81, a notable increase from $193.12 in the previous period, suggesting increased financial activity[42] - The total cash inflow from investment activities was $934,090,294.31, compared to $612,133,172.91 previously, indicating a strong investment interest[42] - Cash outflows for the acquisition of fixed assets and intangible assets amounted to $30,797,846.41, up from $16,323,640.32, reflecting ongoing capital expenditures[42] - The cash flow from investment activities showed a total outflow of $775,797,846.41, compared to $651,323,640.32, highlighting increased investment commitments[42] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥3,276,759,562.02, down 2.96% from the end of the previous year[9] - Cash and cash equivalents as of March 31, 2022, were RMB 1,843,381,856.81, down from RMB 1,984,524,634.50 at the end of 2021, a decrease of 7.1%[24] - Accounts receivable decreased to RMB 153,525,311.41 from RMB 173,954,904.25, representing a decline of 11.8% year-over-year[24] - Inventory increased to RMB 61,893,301.87 from RMB 55,571,221.31, marking an increase of 11.8% compared to the previous year[24] - Total liabilities amounted to RMB 1,378,275,638.76, a decrease from RMB 1,497,161,521.25 at the end of 2021, reflecting a reduction of 8.0%[30] - Shareholders' equity as of March 31, 2022, was RMB 1,898,483,923.26, an increase from RMB 1,879,551,716.15 at the end of 2021, showing a growth of 1.0%[30] Operational Insights - The decline in net profit was primarily attributed to the slowdown in business growth due to the impact of the pandemic[14] - The company reported non-recurring gains of ¥13,263,830.45 after tax for Q1 2022[13] - Total operating costs for Q1 2022 were RMB 286,369,506.00, up from RMB 226,579,108.59 in Q1 2021, reflecting a year-over-year increase of 26.4%[30] - The company reported a net profit margin improvement, with net profit for Q1 2022 reflecting a positive trend compared to the previous year[30] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[30] - Research and development expenses increased to 67,347,412.35, up 32.87% from 50,724,906.68 in the previous year[36] - Total revenue from operating activities was 426,461,310.11, an increase from 362,000,839.69 in the previous year[41] Currency and Exchange Impact - The impact of exchange rate changes on cash and cash equivalents was a decrease of $16,466.16, compared to a decrease of $5,847.15 previously, indicating currency volatility[42]