banbao(SH:603398)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥85,926,870.41, representing a year-on-year increase of 10.70%[5] - The net profit attributable to shareholders was -¥9,111,302.31, a significant decrease of 3,813.56% compared to the same period last year[5] - Basic and diluted earnings per share were both -¥0.03, reflecting a decrease of 400.00% year-on-year[5] - Total operating revenue for Q1 2022 was CNY 85,926,870.41, an increase of 10.4% compared to CNY 77,621,543.18 in Q1 2021[25] - Net profit for Q1 2022 was a loss of CNY 9,111,302.31, compared to a profit of CNY 245,352.14 in Q1 2021[29] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.03, down from CNY 0.01 in Q1 2021[31] Cash Flow - The net cash flow from operating activities increased by 156.74% to ¥33,445,178.51[5] - Cash flow from operating activities for Q1 2022 was CNY 33,445,178.51, significantly higher than CNY 13,027,022.67 in Q1 2021[31] - The net cash flow from investment activities was -$113,476,417.95, a decrease of $8,446,988.99 compared to the previous period[33] - Cash inflow from financing activities totaled $17,880,000.00, while cash outflow was $897,395.84, resulting in a net cash flow from financing activities of -$897,395.84[33] - The net increase in cash and cash equivalents was -$80,916,719.32, contrasting with an increase of $9,850,462.70 in the previous period[33] - The ending balance of cash and cash equivalents was $68,920,612.73, down from $149,837,332.05 at the beginning of the period[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,051,677,322.55, down 1.45% from the previous year[8] - Total assets as of March 31, 2022, are 1,051,677,322.55 RMB, down from 1,067,100,977.83 RMB at the end of 2021[23] - Total liabilities amount to 115,624,371.11 RMB, a decrease from 121,936,724.08 RMB year-over-year[23] - The company's equity remains stable with paid-in capital at 342,634,507.00 RMB[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,137[14] - The largest shareholder, Shantou Bangling Trading Co., Ltd., holds 83,956,210 shares, accounting for 24.50% of total shares[14] - The second largest shareholder, Bangling International Limited, holds 81,381,348 shares, representing 23.75% of total shares[14] Expenses - The company experienced a 17038.59% increase in operating expenses, primarily due to increased losses from fixed asset disposals[12] - Total operating costs for Q1 2022 were CNY 94,480,046.86, up from CNY 77,931,836.10 in Q1 2021, representing a 21.1% increase[25] - The company reported a significant increase in sales expenses, totaling CNY 6,893,294.29 in Q1 2022, compared to CNY 6,607,921.34 in Q1 2021[25] - The company experienced a decrease in financial expenses, which were CNY 402,805.47 in Q1 2022, down from CNY 1,786,862.98 in Q1 2021[25] - Research and development expenses decreased by 46.53%, mainly due to reduced R&D costs for a specific project[12] - Research and development expenses for Q1 2022 were CNY 2,255,776.03, a decrease from CNY 4,218,783.89 in Q1 2021[25] Other Financial Metrics - The company reported a significant increase in other business income by 328.62%, primarily due to increased material sales[10] - The company recorded a credit impairment loss of CNY -860,932.84 in Q1 2022, compared to a gain of CNY 305,716.60 in Q1 2021[29] - The company has a long-term investment of 50,000,000.00 RMB, up from 40,000,000.00 RMB year-over-year[20] - The impact of exchange rate changes on cash and cash equivalents was $11,915.96, compared to a negative impact of -$14,614.66 in the previous period[33] - The company distributed dividends and interest payments totaling $664,708.34 during the period[33] - The company has not adopted the new accounting standards applicable from 2022[33]