BEKEN(SH:603068)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥220,882,082.64, representing a decrease of 6.56% compared to the same period last year[5] - The net profit attributable to shareholders was ¥3,543,114.67, down 65.06% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥2,007,281.40, a decline of 78.00% compared to the previous year[5] - Basic earnings per share were ¥0.02, down 71.43% year-on-year[6] - Net profit for Q1 2022 was ¥3,483,438.16, a significant decline from ¥10,141,766.12 in Q1 2021, representing a decrease of 65.6%[20] - The company reported a comprehensive income of ¥2,315,894.41 for Q1 2022, significantly lower than ¥10,019,804.89 in Q1 2021[20] - Basic earnings per share for Q1 2022 were CNY 0.02, down from CNY 0.07 in Q1 2021[21] Cash Flow - The net cash flow from operating activities was negative at -¥77,847,210.16, reflecting a significant decrease of 1,192.70%[5] - Net cash flow from operating activities was -CNY 77,847,210.16, compared to -CNY 6,022,076.14 in the previous year[22] - Total cash inflow from operating activities was CNY 179,465,738.40, while cash outflow was CNY 257,312,948.56, resulting in a net cash outflow of CNY 77,847,210.16[22] - Cash flow from investing activities resulted in a net outflow of CNY 53,914,197.40, significantly reduced from -CNY 300,865,683.03 in the same period last year[22] - Cash flow from financing activities generated a net inflow of CNY 63,666,848.86, with CNY 62,947,000.00 received from borrowings[22] - The ending balance of cash and cash equivalents was CNY 1,408,173,609.95, down from CNY 1,477,575,744.62 at the beginning of the period[22] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 154,403,359.73, compared to CNY 192,734,545.92 in Q1 2021[21] - The company incurred CNY 55,233,891.17 in cash payments to employees, an increase from CNY 32,852,154.46 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,424,295,498.13, an increase of 3.93% from the end of the previous year[6] - Total assets as of March 31, 2022, amounted to ¥2,424,295,498.13, an increase from ¥2,332,606,162.08 at the end of 2021[16] - Current assets totaled ¥2,056,677,288.22 as of March 31, 2022, compared to ¥2,004,684,053.08 at the end of 2021, marking a growth of 2.6%[16] - Total liabilities increased to ¥388,064,793.32 in Q1 2022 from ¥306,165,383.99 in Q1 2021, indicating a rise of 26.8%[16] - The company's cash and cash equivalents were ¥1,408,173,609.95 as of March 31, 2022, down from ¥1,477,575,744.62 at the end of 2021, a decrease of 4.7%[15] - The total equity attributable to shareholders was ¥2,035,490,381.32 as of March 31, 2022, slightly up from ¥2,026,440,778.09 at the end of 2021[16] Research and Development - Research and development expenses increased by 32.57% due to the expansion of the R&D team and implementation of an equity incentive plan[8] - Research and development expenses increased to ¥56,127,432.94 in Q1 2022, up 32.7% from ¥42,338,925.41 in Q1 2021[19] Government Support and Future Plans - The company received government subsidies amounting to ¥1,790,000.00, which are closely related to its normal business operations[7] - The company plans to continue investing in new product development despite the current financial challenges[7] Accounts Receivable - The company experienced a significant increase in accounts receivable by 356.26% due to delayed payments from customers affected by the pandemic[7] Accounting Standards - The company is not applying the new accounting standards for the current year[23]