Dcenti(SH:603335)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 400,054,413.54, representing a year-on-year increase of 44.36%[5] - The net profit attributable to shareholders decreased by 19.29% to CNY 12,219,487.82 compared to the same period last year[5] - The total operating revenue for Q1 2022 was CNY 400,054,413.54, a significant increase from CNY 277,126,824.21 in Q1 2021, representing a growth of approximately 44.2%[20] - Net profit for Q1 2022 was CNY 24,747,021.10, compared to CNY 22,191,081.92 in Q1 2021, reflecting an increase of about 11.5%[22] - The total comprehensive income for Q1 2022 was CNY 24,770,541.46, compared to CNY 20,522,559.89 in Q1 2021, showing an increase of approximately 20.9%[22] - The company's basic earnings per share (EPS) was CNY 0.03, down by 19.29% from the previous year[5] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.03, compared to CNY 0.04 in Q1 2021, reflecting a decrease of 25%[22] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -33,667,462.04, a decline of 239.65% year-on-year[5] - The company's cash and cash equivalents decreased to CNY 154,113,869.07 from CNY 174,936,652.08, reflecting a decline of approximately 11.3%[16] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 154,113,869.07, down from CNY 254,934,290.27 at the end of Q1 2021[26] - The company reported a net cash outflow from investing activities of CNY -24,300,397.63 in Q1 2022, compared to CNY -42,304,819.15 in Q1 2021, indicating an improvement in cash flow management[26] - The financing activities generated a net cash inflow of CNY 37,213,771.40 in Q1 2022, a decrease from CNY 42,901,121.62 in Q1 2021[26] Expenses and Liabilities - Research and development expenses surged by 148.37% due to increased investment in new energy material recycling business[7] - The company reported a 66.81% increase in management expenses, attributed to the expansion of the new energy material recycling business[7] - The company’s financial expenses increased significantly by 6,112.05%, primarily due to new discounting costs associated with the new energy material recycling business[7] - The total operating costs for Q1 2022 were CNY 364,846,461.78, an increase from CNY 248,223,873.85 in Q1 2021, representing a growth of approximately 46.9%[21] - The total liabilities as of March 31, 2022, were CNY 568,273,303.44, compared to CNY 529,014,666.36 at the end of 2021, showing an increase of about 7.4%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 36,302[10] - Jiangmen Lihong Investment Co., Ltd. holds 28.34% of shares, making it the largest shareholder[10] - Lexin International Inc. is the second largest shareholder with an 18.37% stake[10] - The company’s actual controller holds a total of 48.32% of the shares through indirect holdings[11] - The top ten shareholders collectively hold significant stakes, with the largest shareholder alone holding over 28%[10] Strategic Investments and Acquisitions - The company completed a capital increase of RMB 103 million for its subsidiary Guangdong Weima New Materials Technology Co., Ltd., raising its registered capital from RMB 180 million to RMB 283 million[12] - The company has implemented a purchase of operating assets worth RMB 92.8287 million for Guangdong Weima to enhance its production capabilities[13] - A construction contract worth RMB 44.99296 million was signed for a project by Guangdong Disengli Green Food Co., Ltd.[14] - The company acquired an additional 24% equity in Guangdong Disengli Green Food Co., Ltd., making it a wholly-owned subsidiary[14] - The company is focused on enhancing its market competitiveness and risk resistance through strategic investments and acquisitions[12] Asset Management - Total assets increased by 4.07% to CNY 1,395,412,807.07 compared to the end of the previous year[6] - The company's total assets reached CNY 1,395,412,807.07, up from CNY 1,340,814,058.17 at the end of 2021, representing a growth of approximately 4.1%[18] - As of March 31, 2022, the total current assets amounted to CNY 811,737,823.44, up from CNY 751,382,639.80 as of December 31, 2021, indicating an increase of about 8%[16] - The inventory level rose to CNY 460,299,358.33, compared to CNY 407,964,718.93 at the end of 2021, marking an increase of around 12.8%[17]