TC(SH:603421)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥271,066,662.75, representing a year-on-year increase of 13.32%[2] - The net profit attributable to shareholders was -¥101,364,056.43, with a net profit excluding non-recurring items of -¥101,769,217.58, indicating a significant loss[2] - The company reported a total comprehensive loss of approximately ¥101.36 million in Q1 2022, compared to a loss of ¥71.42 million in Q1 2021[16] - Net profit for Q1 2022 was a loss of approximately ¥101.36 million, compared to a loss of ¥71.42 million in Q1 2021, reflecting a deterioration of 42%[15] Cash Flow - The net cash flow from operating activities was -¥5,850,867.76, reflecting a decrease of 117.67% compared to the same period last year[2] - Cash flow from operating activities showed a net outflow of approximately ¥5.85 million in Q1 2022, contrasting with a net inflow of ¥33.10 million in Q1 2021[19] - Cash inflow from investment activities was approximately ¥362.48 thousand in Q1 2022, significantly lower than ¥606.62 million in Q1 2021[19] - Cash outflow from investment activities totaled approximately ¥76.39 million in Q1 2022, compared to ¥635.86 million in Q1 2021[19] - The net cash flow from financing activities was $167.57 million, after total cash outflows of approximately $2.43 million[20] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥4,969,088,808.49, down 2.83% from the end of the previous year[3] - The company's current assets totaled RMB 3,330,452,840.67, down from RMB 3,512,866,961.48 in the previous period[10] - The total liabilities decreased to RMB 1,817,721,168.38 from RMB 1,861,137,009.23, indicating a reduction of about 2.34%[11] - The total non-current liabilities increased to RMB 242,163,912.49 from RMB 73,841,312.58, a significant rise of approximately 227.36%[11] Shareholders' Equity - Shareholders' equity attributable to the parent company decreased by 3.12% to ¥3,151,367,640.11 compared to the end of the previous year[3] - The company's equity attributable to shareholders decreased to RMB 3,151,367,640.11 from RMB 3,252,731,696.54, a decline of approximately 3.10%[12] - The company’s retained earnings decreased to RMB 1,264,535,726.95 from RMB 1,365,899,783.38, a decline of about 7.41%[11] Inventory and Receivables - Inventory increased to RMB 1,306,316,678.02 from RMB 1,079,273,396.71, reflecting a growth of approximately 21.03%[10] - Accounts receivable decreased to RMB 1,120,042,399.13 from RMB 1,562,508,851.32, a decline of approximately 28.29%[9] Expenses - Total operating costs for Q1 2022 were approximately ¥395.64 million, up 19.7% from ¥330.63 million in Q1 2021[14] - Research and development expenses increased to approximately ¥89.49 million in Q1 2022, a rise of 24.5% from ¥71.93 million in Q1 2021[14] Government Support and Other Income - The company received government subsidies amounting to ¥100,000.00, which are closely related to its normal business operations[4] - The company classified a VAT refund of ¥25,106,119.73 as a recurring profit item, as it is related to its normal business activities[4] Borrowings - Long-term borrowings increased by 566.67%, indicating a substantial rise in bank loans utilized during the period[4] - The company reported short-term borrowings remained stable at RMB 15,000,000.00[11] - The company received cash from borrowings amounting to $170 million in Q1 2022[20] Cash and Cash Equivalents - Cash and cash equivalents increased to RMB 536,745,031.35 from RMB 457,730,201.30, representing a growth of about 17.25%[9] - The cash and cash equivalents increased by $85.69 million, resulting in a year-end balance of $418.70 million[20] - The initial cash and cash equivalents balance at the beginning of the period was $333.01 million[20]