Poten(SH:603603)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥173,779,139.47, representing a decrease of 68.24% compared to the same period last year[5] - The net profit attributable to shareholders was -¥86,953,907.00, a decline of 1,216.23% year-on-year[5] - Basic and diluted earnings per share were both -¥0.21, reflecting a decrease of 1,150.00%[5] - The company reported a net profit loss of CNY 94,725,559.70 in Q1 2022, compared to a net profit of CNY 10,121,366.83 in Q1 2021, representing a significant decline[19] - Operating profit for Q1 2022 was CNY -88,140,914.23, a decrease from CNY 11,085,864.67 in the same period last year[19] - Total revenue from operating activities was CNY 206,097,025.80, down from CNY 213,381,704.38 in Q1 2021, indicating a decline of approximately 3.0%[21] - The company reported a total comprehensive loss of CNY 94,722,235.93 in Q1 2022, compared to a comprehensive income of CNY 10,133,759.82 in Q1 2021[20] Cash Flow and Assets - The net cash flow from operating activities decreased by 51.61% to ¥76,778,788.02[5] - Cash and cash equivalents as of March 31, 2022, were RMB 152,603,214.19, down from RMB 189,390,964.37 as of December 31, 2021, reflecting a decrease of 19.4%[14] - The net cash flow from operating activities decreased to CNY 76,778,788.02 in Q1 2022, compared to CNY 158,677,201.16 in Q1 2021, a drop of about 51.6%[22] - Cash and cash equivalents at the end of Q1 2022 were CNY 51,168,031.99, down from CNY 325,496,063.56 at the end of Q1 2021[23] - Total assets at the end of the reporting period were ¥10,013,135,414.58, down 0.85% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 10,013,135,414.58, compared to RMB 10,098,633,640.58 at the end of 2021, showing a decrease of 0.8%[16] Liabilities and Equity - The equity attributable to shareholders was -¥972,156,864.80, compared to -¥887,883,664.75 at the end of the previous year[6] - Total liabilities as of March 31, 2022, were RMB 10,295,909,172.43, a slight increase from RMB 10,289,362,545.68 at the end of 2021[16] - The company reported a net loss attributable to shareholders of RMB -972,156,864.80 for Q1 2022, compared to RMB -887,883,664.75 in Q4 2021[16] Operational Efficiency - The company experienced a significant decrease in operating income due to reduced external orders and project delays caused by the COVID-19 pandemic[8] - Management expenses were reduced by 31.97% as the company streamlined operations and cut costs[8] - Financial expenses increased by 33.74% due to rising financing costs and overdue loan penalties[8] - Research and development expenses were CNY 3,930,748.55 in Q1 2022, down from CNY 5,097,426.37 in Q1 2021, reflecting a decrease of approximately 22.9%[19] Future Strategies - The company is exploring new strategies for market expansion and product development to enhance revenue streams moving forward[13] - The company's cash flow from operations remains a critical focus area for future financial stability[13]