ECH(SH:603200)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 136,582,011.96, representing a decrease of 4.05% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 18,448,475.05, an increase of 27.06% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 20,214,656.83, showing a significant increase of 83.62% compared to the previous year[4] - The basic and diluted earnings per share were both CNY 0.15, reflecting a growth of 31.46% year-on-year[4] - Net profit for Q1 2022 was CNY 17,150,391.75, an increase of 11.8% from CNY 15,344,048.21 in Q1 2021[20] - Earnings per share for Q1 2022 were CNY 0.15, compared to CNY 0.11 in Q1 2021, representing a growth of 36.4%[21] - The total equity attributable to shareholders increased to CNY 855,092,174.22 in Q1 2022 from CNY 834,576,533.57 in Q1 2021, reflecting a growth of 2.5%[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -18,074,049.96, a decline of 190.95% compared to the same period last year[4] - The company's cash flow from operating activities showed a positive trend, indicating improved liquidity management[22] - In Q1 2022, the cash inflow from operating activities was CNY 146,812,927.44, compared to CNY 138,079,822.45 in Q1 2021, representing an increase of approximately 5.3%[24] - The net cash flow from operating activities turned negative at CNY -18,074,049.96 in Q1 2022, down from CNY 19,871,594.61 in Q1 2021[24] - The total cash and cash equivalents at the end of Q1 2022 were CNY 201,440,404.88, down from CNY 282,296,048.49 at the end of Q1 2021[25] - The company reported a decrease in cash flow from operating activities, indicating potential challenges in maintaining operational liquidity[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,232,025,670.41, a slight increase of 0.03% from the end of the previous year[5] - The total assets as of the end of Q1 2022 amounted to CNY 1,232,025,670.41, slightly up from CNY 1,231,597,201.09 at the end of Q1 2021[18] - Total liabilities decreased to CNY 334,346,223.73 in Q1 2022 from CNY 361,285,311.76 in Q1 2021, a reduction of 7.5%[18] Operational Challenges - The company is facing challenges due to the ongoing COVID-19 pandemic, which has affected local businesses and supply chains[12] - The company has actively participated in COVID-19 prevention efforts, providing wastewater treatment and disinfection services in multiple districts of Shanghai, which may positively impact future performance[13] - The company has undertaken significant responsibilities in managing wastewater and disinfection for major quarantine facilities and hospitals during the pandemic[13] - The company anticipates that the demand for its services may continue to rise due to the ongoing pandemic situation, although the exact impact on future performance remains uncertain[13] Investment and Expenses - Research and development expenses for Q1 2022 were CNY 6,814,334.26, down from CNY 8,765,151.06 in Q1 2021, a decrease of 22.2%[20] - The company reported an increase in investment income to CNY 1,354,192.82 in Q1 2022, compared to CNY 247,203.67 in Q1 2021, a significant rise of 447.5%[20] - The cash paid for purchasing goods and receiving services increased by 48.48% year-on-year, primarily due to prepayments for project equipment procurement[7] - The company reported an increase in prepayments to RMB 52,808,156.30 from RMB 39,360,975.88 in the previous year[16] - The long-term equity investments increased to RMB 60,586,077.85 from RMB 59,231,885.03 at the end of 2021[16]