China Bester (SH:603220)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥404,845,802.98, representing a decrease of 16.61% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company was ¥10,172,987.86, down 33.85% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,072,041.32, a decline of 51.27% compared to the previous year[6] - Basic earnings per share were ¥0.0302, down 33.63% compared to the same period last year[9] - Diluted earnings per share were also ¥0.0302, reflecting a decrease of 33.63% year-on-year[9] - The total comprehensive income for the first quarter of 2022 was CNY 12,870,843.02, a decrease of 25.5% compared to CNY 17,227,806.76 in the same period of 2021[35] - Net profit for Q1 2022 was approximately ¥11.75 million, down 32% from ¥17.24 million in Q1 2021[33] Cash Flow and Liquidity - The net cash flow from operating activities was -¥373,957,443.83, an increase of 19.10% year-on-year[6] - Cash outflow from operating activities totaled CNY 1,004,553,353.45, slightly reduced from CNY 1,041,981,933.49 in the same quarter of 2021[38] - The net cash flow from investing activities was -CNY 142,590,684.95, an improvement from -CNY 202,386,900.57 year-over-year[38] - Cash and cash equivalents at the end of the period were CNY 303,189,145.51, down from CNY 323,813,922.99 at the end of the first quarter of 2021[40] - The company's cash and cash equivalents amount to ¥309,067,907.36, a decrease from ¥771,026,597.34 in the previous year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,703,494,200.62, down 10.41% from the end of the previous year[9] - Total assets amount to ¥3,703,494,200.62, a decrease from ¥4,133,638,100.03 in the previous year[24] - The total liabilities decreased to approximately ¥1.91 billion in Q1 2022 from ¥2.35 billion in Q1 2021, a reduction of 19%[29] - Current liabilities include short-term borrowings of ¥275,650,000.00, up from ¥220,650,000.00 in the previous year[24] - The company reported a decrease in accounts payable from approximately ¥1.60 billion in Q1 2021 to ¥1.10 billion in Q1 2022, a reduction of 32%[29] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 26,300[16] - The largest shareholder, Li Liubing, holds 94,159,200 shares, representing 27.88% of total shares[16] - The company has pledged shares amounting to 45,840,000 by the largest shareholder, Li Liubing[16] Operational Insights - The decline in net profit was primarily due to the impact of the pandemic, which restricted the implementation and delivery of engineering projects, leading to a decrease in revenue[12] - Research and development expenses increased to approximately ¥25.53 million in Q1 2022, compared to ¥17.75 million in Q1 2021, reflecting a growth of 44%[29] - The company has a total of 1,697,936,885.26 in accounts receivable, indicating a focus on credit sales[20] - The company reported a total inventory of ¥415,570,562.09, an increase from ¥393,802,750.04 in the previous year[24] - The company's deferred income tax liabilities decreased slightly from approximately ¥557.34 million in Q1 2021 to ¥507.87 million in Q1 2022, a decrease of 9%[29]