MENGTIAN(SH:603216)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 223,117,645.38, representing a year-on-year increase of 1.80%[5] - The net profit attributable to shareholders for the same period was CNY 21,023,612.53, reflecting an 18.86% increase compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 19,734,606.70, which is a 14.11% increase year-on-year[5] - The basic earnings per share for Q1 2022 was CNY 0.09, down 18.18% from the same period last year[6] - The company's net profit for Q1 2022 was CNY 21,023,612.53, an increase of 19.5% compared to CNY 17,653,477.13 in Q1 2021[20] - Operating profit for Q1 2022 reached CNY 23,097,394.81, up from CNY 21,081,689.21 in the same period last year, reflecting a growth of 9.6%[20] - The total comprehensive income for Q1 2022 was CNY 21,023,612.53, compared to CNY 17,653,477.13 in Q1 2021, reflecting a growth of 19.5%[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,106,820,879.01, a decrease of 6.97% from the end of the previous year[6] - Total assets as of March 31, 2022, amounted to CNY 2,106,820,879.01, down from CNY 2,264,745,025.80 at the end of 2021[17] - Total liabilities decreased to CNY 503,463,584.68 from CNY 681,811,344.00 in the previous year[16] - Shareholders' equity as of March 31, 2022, was CNY 1,603,357,294.33, compared to CNY 1,582,933,681.80 at the end of 2021[17] - The company reported a decrease in accounts receivable from CNY 40,460,408.23 in Q1 2021 to CNY 30,716,517.83 in Q1 2022, a decline of 24.5%[15] - The company’s total current liabilities decreased from CNY 670,354,679.70 in Q1 2021 to CNY 492,256,205.39 in Q1 2022, a reduction of 26.6%[16] Cash Flow - The net cash flow from operating activities was negative at CNY -124,136,765.57, which is not applicable for year-on-year comparison[5] - Cash flow from operating activities showed a net outflow of CNY 124,136,765.57, an improvement from a net outflow of CNY 154,631,606.13 in Q1 2021[23] - Cash and cash equivalents as of March 31, 2022, were CNY 253,732,776.07, a decrease from CNY 1,348,402,599.56 as of December 31, 2021[14] - The cash and cash equivalents at the end of Q1 2022 were CNY 235,278,461.13, a decrease from CNY 122,740,413.78 at the end of Q1 2021[24] Costs and Expenses - Total operating costs for Q1 2022 were CNY 201,415,430.20, up from CNY 198,051,984.45 in Q1 2021, reflecting a year-over-year increase of 1.2%[19] - Operating costs included CNY 159,536,514.82 in cost of goods sold, which increased from CNY 141,661,305.82 in the previous year, indicating a rise of 12.6%[19] - Research and development expenses for Q1 2022 were CNY 10,130,719.37, down from CNY 11,872,117.81 in Q1 2021, representing a decrease of 14.7%[19] - The company experienced a decrease in interest income, which was CNY 3,510,013.27 in Q1 2022, compared to CNY 801,333.87 in Q1 2021[20] - The company reported a decrease in tax expenses, which were CNY 2,095,196.39 in Q1 2022, down from CNY 3,453,607.54 in Q1 2021[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,433[11] - Zhejiang Dream Tian Holdings Co., Ltd. held 56.24% of the shares, making it the largest shareholder[11] Investment Activities - The company reported a significant increase in investment activities, with cash outflow totaling CNY 965,172,864.01 in Q1 2022, compared to CNY 15,610,356.10 in Q1 2021[24]