A-Zenith(SH:603389)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥52,166,683.72, representing a year-on-year increase of 6.9%[6]. - The net profit attributable to shareholders was -¥21,519,011.91, with a basic and diluted earnings per share of -¥0.08[6][7]. - Total revenue for Q1 2022 was RMB 52,166,683.72, an increase of 2.83% compared to RMB 48,797,850.53 in Q1 2021[21]. - The company reported a net loss of RMB 48,616,180.48, compared to a loss of RMB 28,361,629.73 in the previous year[19]. - The net profit attributable to the parent company for Q1 2022 was -21,519,011.91, compared to -15,501,575.53 in Q1 2021, indicating a decline of approximately 38.9% year-over-year[23]. - The total comprehensive loss for Q1 2022 was -21,894,293.31, compared to -16,280,970.37 in Q1 2021, indicating a worsening of about 34.5%[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥837,170,809.04, a decrease of 1.93% compared to the end of the previous year[7]. - Total assets decreased to RMB 837,170,809.04 from RMB 853,608,268.18, a decline of 1.9%[19]. - Total liabilities increased to RMB 274,123,613.54, up 7.2% from RMB 255,704,216.43[19]. - Cash and cash equivalents decreased to RMB 42,808,206.55 from RMB 88,968,706.17, a decline of 52.1%[17]. - Accounts receivable increased to RMB 34,683,450.54, up 19.0% from RMB 28,976,650.27[17]. - Inventory rose to RMB 206,208,063.42, an increase of 3.1% compared to RMB 198,960,252.71[17]. Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥20,576,064.22[6]. - The net cash flow from operating activities for Q1 2022 was -20,576,064.22, an improvement from -54,618,991.88 in Q1 2021[26]. - The cash and cash equivalents at the end of Q1 2022 were 40,719,825.05, down from 67,457,891.73 at the end of Q1 2021, a decrease of approximately 39.5%[27]. - The total cash outflow from investing activities in Q1 2022 was 2,255,485.58, down from 42,860,811.81 in Q1 2021, indicating a significant reduction in investment spending[26]. - The net cash flow from financing activities for Q1 2022 was -2,056,729.88, an improvement from -14,796,912.89 in Q1 2021, reflecting a better financing position[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,567[12]. - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., holds 64.12% of the shares[13]. - Major shareholders Shanghai Enyuan and Shanghai Puzhen reduced their holdings by 1,659,500 and 1,682,360 shares, respectively, representing reductions of 0.63% and 0.64%[15]. - The company completed a share buyback of 1,285,380 shares, representing 0.49% of total share capital, at a total cost of RMB 6.50 million[15]. Research and Development - Research and development expenses increased by 73.31%, primarily due to higher material inputs[11]. - Research and development expenses increased to 925,470.71 in Q1 2022 from 533,990.43 in Q1 2021, marking a rise of approximately 73.3%[22]. Operating Costs - The total operating costs for Q1 2022 were 74,261,167.00, up from 64,563,834.98 in Q1 2021, reflecting an increase of about 14.3%[22]. - The company incurred a financial expense of 1,631,762.57 in Q1 2022, compared to 1,812,929.80 in Q1 2021, showing a decrease of about 10%[22]. Equity and Investments - Short-term borrowings rose by 79.90%, with an additional loan of ¥12 million taken during the quarter[10]. - Long-term equity investments increased to RMB 37,495,689.75 from RMB 22,270,674.54, a growth of 68.4%[17]. - The weighted average return on equity was -3.66%[7].