SQTEG(SH:603339)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥452,898,386.81, representing a year-on-year increase of 43.57%[5] - The net profit attributable to shareholders for the same period was ¥48,058,790.75, reflecting a growth of 41.98% compared to the previous year[5] - The basic earnings per share for Q1 2022 was ¥0.16, which is an increase of 45.45% year-on-year[6] - Total revenue for Q1 2022 reached ¥452.90 million, a 43.6% increase from ¥315.46 million in Q1 2021[19] - Operating profit for Q1 2022 was ¥53.53 million, up 40.6% from ¥38.06 million in Q1 2021[20] - Net profit for Q1 2022 was ¥48.06 million, representing a 42.0% increase compared to ¥33.85 million in Q1 2021[20] - The company reported a total comprehensive income of ¥47.64 million for Q1 2022, compared to ¥34.07 million in Q1 2021[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,860,079,298.81, a slight increase of 1.24% from the end of the previous year[6] - As of March 31, 2022, the total assets of the company amounted to CNY 2,860,079,298.81, an increase from CNY 2,825,009,016.59 at the end of 2021, reflecting a growth of approximately 1.24%[15] - The company's current assets totaled CNY 1,944,399,520.41, compared to CNY 1,898,290,470.64 at the end of 2021, indicating an increase of about 2.43%[16] - The total liabilities decreased to CNY 864,058,941.66 from CNY 876,633,521.44, representing a decline of approximately 1.44%[17] - The company's equity attributable to shareholders rose to CNY 1,996,020,357.15, up from CNY 1,948,375,495.15, marking an increase of around 2.45%[18] - The total current liabilities amounted to CNY 728,509,057.13, a decrease from CNY 741,551,233.90, indicating a reduction of approximately 1.76%[17] Cash Flow - The net cash flow from operating activities was ¥40,410,628.45, showing a significant decrease of 134.75% compared to the same period last year[5] - Cash flow from operating activities for Q1 2022 was ¥40.41 million, a significant improvement from a negative cash flow of ¥116.28 million in Q1 2021[23] - Cash and cash equivalents at the end of Q1 2022 totaled ¥723.56 million, compared to ¥702.68 million at the end of Q1 2021[24] - Cash and cash equivalents increased to CNY 735,602,088.45 from CNY 694,767,240.24, showing a growth of approximately 5.88%[15] - The cash flow from financing activities decreased by 59.88%, attributed to increased cash payments for debt repayment[10] Research and Development - The company reported a 38.50% increase in R&D expenses, indicating a focus on innovation and product development[10] - Research and development expenses increased to ¥20.08 million in Q1 2022, up 38.8% from ¥14.50 million in Q1 2021[19] Other Financial Metrics - The weighted average return on equity rose to 2.44%, an increase of 31.89 percentage points from the previous year[6] - The company experienced a 51.22% increase in other payables, primarily due to an increase in received deposits[9] - The company recorded a 115.45% increase in fair value gains, mainly due to the rise in the fair value of forward foreign exchange contracts[10] - The company's inventory stood at CNY 912,883,993.79, slightly down from CNY 924,631,306.19, reflecting a decrease of about 1.27%[16] - The accounts receivable decreased to CNY 36,239,499.24 from CNY 40,683,540.49, indicating a decline of approximately 10.93%[15] - The company reported a net profit of CNY 1,149,962,576.31 in retained earnings, an increase from CNY 1,101,903,785.56, representing a growth of about 4.36%[18] - The company's contract liabilities increased to CNY 409,436,309.58 from CNY 390,238,869.51, reflecting a growth of about 4.00%[17] - Total operating costs for Q1 2022 were ¥401.23 million, a 43.2% increase from ¥279.99 million in Q1 2021[19] - The company experienced a foreign exchange loss of ¥426.51 thousand in Q1 2022, contrasting with a gain of ¥219.93 thousand in Q1 2021[21]