Poten(SH:603603)2023-03-30 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] - The basic and diluted earnings per share were both -¥0.21, reflecting a decrease of 1,150.00%[5] - The company reported a net loss for Q1 2022, with a significant increase in operating costs compared to revenue[18] - The company reported a net loss of CNY 94,725,559.70 in Q1 2022, compared to a net profit of CNY 10,121,366.83 in Q1 2021, indicating a significant decline in performance[19] - Operating profit for Q1 2022 was CNY -88,140,914.23, a stark contrast to the operating profit of CNY 11,085,864.67 in the same period last year[19] - The total comprehensive loss for Q1 2022 was CNY -94,722,235.93, compared to a comprehensive income of CNY 10,133,759.82 in Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 51.61% to ¥76,778,788.02[5] - The company’s 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 decline of about 51.6%[23] - Cash and cash equivalents decreased to RMB 152,603,214.19 from RMB 189,390,964.37 as of December 31, 2021, representing a decline of 19.4%[14] - 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, representing a decrease of approximately 84.3%[24] - The company reported a net cash outflow from investing activities of CNY -33,777,181.23 in Q1 2022, compared to CNY -24,388,478.35 in Q1 2021, indicating an increase in cash outflow[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,382,118,564.22, down 0.90% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 9,382,118,564.22, a slight decrease from RMB 9,467,616,790.22 at the end of 2021[16] - Total liabilities increased to RMB 9,869,462,209.98 from RMB 9,862,915,583.23, showing a marginal increase[16] - The company's total equity as of March 31, 2022, was -RMB 487,343,645.76, compared to -RMB 395,298,793.01 at the end of 2021, indicating a worsening position[16] - The equity attributable to shareholders was -¥1,232,345,662.73, a decrease of 7.34% compared to the end of the previous year[6] Operating Costs and Expenses - Total operating costs for Q1 2022 were RMB 249,834,519.44, up from RMB 541,827,687.14 in Q1 2021[18] - Financial expenses increased by 33.74% due to rising financing costs and overdue loan penalties[8] - The company incurred financial expenses of CNY 66,775,325.28 in Q1 2022, compared to CNY 49,929,632.85 in Q1 2021, an increase of approximately 33.7%[19] - Management expenses decreased by 31.97% as the company streamlined operations and reduced personnel costs[8] - Research and development expenses were CNY 3,930,748.55 in Q1 2022, down from CNY 5,097,426.37 in Q1 2021, indicating a reduction of about 22.9%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,338[10] - Total revenue from operating activities was CNY 206,097,025.80, down from CNY 213,381,704.38 in Q1 2021, reflecting a decrease of approximately 3.0%[22] Business Operations - The company experienced a significant drop in operating income due to reduced order volumes and project delays caused by the COVID-19 pandemic[8] - The company has not disclosed any new product developments or market expansion strategies in the current report[13] - Long-term receivables increased to RMB 1,564,623,734.56 from RMB 1,512,946,424.90, reflecting a growth of 3.4%[15] - Accounts receivable as of March 31, 2022, was RMB 1,072,887,401.39, down from RMB 1,103,058,096.13 at the end of 2021, indicating a decrease of 2.3%[14]