TANYUAN TECH(SH:603133)2022-04-28 16:00Financial Performance - Revenue for Q1 2022 was CNY 21,375,959.89, a decrease of 84.15% compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 13,175,516.94, representing an increase in loss of 66.55% year-over-year[6] - The company reported a net loss of RMB 18,913,498.50 for Q1 2022, compared to a net loss of RMB 22,800,161.23 in Q1 2021[21] - The net profit for Q1 2022 was -13,912,922.94 RMB, a significant decrease compared to -40,754,223.72 RMB in Q1 2021, indicating an improvement of approximately 65.8% year-over-year[22] - Operating profit for Q1 2022 was -15,954,524.13 RMB, compared to -24,351,743.82 RMB in the same period last year, reflecting a 34.5% improvement[22] - Total comprehensive income for Q1 2022 was -13,877,323.94 RMB, compared to -42,002,954.71 RMB in Q1 2021, marking a 66.9% improvement[23] Cash Flow and Liquidity - Net cash flow from operating activities was a negative CNY 40,341,648.59, a decline of 134.59% compared to the previous year[6] - Cash and cash equivalents as of March 31, 2022, were RMB 53,483,248.54, down 19.7% from RMB 66,593,622.83 as of December 31, 2021[17] - Cash and cash equivalents at the end of Q1 2022 were 37,068,479.41 RMB, down from 120,993,240.48 RMB at the end of Q1 2021[26] - The total cash inflow from investment activities in Q1 2022 was 114,625,787.24 RMB, compared to 183,912,988.28 RMB in Q1 2021, reflecting a decrease of approximately 37.8%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 641,108,426.34, down 6.53% from the end of the previous year[7] - Total assets decreased to RMB 641,108,426.34 from RMB 685,864,229.22, a reduction of 6.5%[20] - Total liabilities decreased to RMB 289,332,186.99 from RMB 320,139,467.93, a decline of 9.6%[19] - The company’s equity attributable to shareholders was RMB 357,346,147.27, down from RMB 370,557,263.21, a decrease of 3.6%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,790[13] - The top shareholder, Xu Shizhong, holds 29.57% of the shares, totaling 61,859,353 shares[13] Earnings and Expenses - Basic earnings per share decreased to -0.06, a decline of 65.07% year-over-year[7] - Research and development expenses decreased by 74.05% due to a reduction in R&D projects[12] - Research and development expenses for Q1 2022 were RMB 2,692,353.61, significantly lower than RMB 10,373,989.70 in Q1 2021, a reduction of 74.0%[21] - The company incurred a credit impairment loss of 146,271.57 RMB in Q1 2022, compared to a loss of -3,477,193.04 RMB in Q1 2021[22] Sales Performance - The company reported a decrease in sales revenue from 67,741,763.27 RMB in Q1 2021 to 32,169,609.78 RMB in Q1 2022, a decline of approximately 52.6%[24] - Total operating costs for Q1 2022 were RMB 39,289,458.39, down 75.1% from RMB 157,693,963.66 in Q1 2021[21] Borrowings - The company raised 82,000,000.00 RMB through borrowings in Q1 2022, an increase from 70,228,050.67 RMB in Q1 2021[26]