TUNA(SH:603177)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 reached ¥200,458,389.98, representing a year-on-year increase of 108.21%[3] - Net profit attributable to shareholders was ¥10,117,886.26, marking the first profitable Q1 since the company's listing[4] - The gross margin improved significantly, increasing by 2.81 percentage points compared to the same period last year[4] - Total operating revenue for Q1 2022 reached ¥200,458,389.98, a significant increase of 108.3% compared to ¥96,278,711.19 in Q1 2021[18] - The company reported a net profit of ¥9,877,652.43 in Q1 2022, compared to a net loss of ¥14,537,279.05 in Q1 2021, marking a turnaround[19] - Earnings per share (EPS) for Q1 2022 was ¥0.05, compared to a loss per share of ¥0.07 in Q1 2021[20] - Operating profit for Q1 2022 was ¥10,435,445.43, a recovery from an operating loss of ¥14,646,089.40 in Q1 2021[19] - The comprehensive income total for Q1 2022 was ¥9,876,110.77, compared to a comprehensive loss of ¥14,628,387.91 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was -¥41,689,969.06, a decrease of 468.87% year-on-year[3] - Cash inflow from operating activities for Q1 2022 was $183.74 million, a slight decrease from $185.11 million in Q1 2021[24] - Cash outflow from operating activities increased to $225.43 million in Q1 2022, compared to $173.81 million in Q1 2021[24] - Net cash flow from operating activities turned negative at -$41.69 million in Q1 2022, down from a positive $11.30 million in Q1 2021[24] - Cash inflow from investing activities was $35.61 million in Q1 2022, compared to $0.30 million in Q1 2021[25] - Net cash flow from investing activities was -$34.14 million in Q1 2022, slightly worse than -$33.81 million in Q1 2021[25] - Cash inflow from financing activities increased significantly to $201.84 million in Q1 2022, up from $58.00 million in Q1 2021[25] - Net cash flow from financing activities was $63.31 million in Q1 2022, a turnaround from -$4.35 million in Q1 2021[25] - The ending cash and cash equivalents balance for Q1 2022 was $50.46 million, compared to $34.60 million at the end of Q1 2021[25] - The company experienced a negative impact of -$743,860.03 from foreign exchange fluctuations on cash and cash equivalents in Q1 2022[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,408,905,470.99, an increase of 2.24% from the end of the previous year[4] - Current assets totaled RMB 959,166,366.25, up from RMB 925,509,596.82, indicating an increase of about 3.6%[14] - The company’s total liabilities decreased to RMB 1,352,351,104.70 from RMB 1,453,758,393.94, indicating a reduction of about 6.9%[15] - The total liabilities as of Q1 2022 amounted to ¥1,066,159,209.62, slightly up from ¥1,045,202,666.85 in the previous year[16] - The company's total equity attributable to shareholders was ¥342,041,882.07 in Q1 2022, an increase from ¥331,911,953.18 in Q1 2021[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,994[9] Business Strategy - The company plans to continue expanding its market presence and enhancing its product offerings[4] - The company has been developing high-margin new products, contributing to the revenue growth[4] Research and Development - The company incurred research and development expenses of ¥5,797,134.35 in Q1 2022, down 33.5% from ¥8,764,411.25 in Q1 2021[18] Financial Expenses - Financial expenses increased to ¥6,847,420.97 in Q1 2022, compared to ¥4,792,984.96 in Q1 2021, primarily due to higher interest expenses[18] Inventory and Receivables - Accounts receivable increased by 253.66% due to the significant growth in revenue[6] - Accounts receivable rose to RMB 391,820,849.48 from RMB 351,298,665.64, representing an increase of approximately 11.5%[14] - The company reported a significant increase in notes receivable, which rose to RMB 15,393,201.43 from RMB 4,352,520.00, marking an increase of approximately 253.5%[14] - Inventory decreased to RMB 149,186,872.78 from RMB 156,172,143.17, reflecting a decline of about 4.5%[14]