Chahua(SH:603615)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥164,878,274.80, representing a decrease of 23.36% compared to the same period last year[5] - The net profit attributable to shareholders was -¥1,271,065.38, indicating a significant loss[5] - The basic earnings per share for the period was -¥0.0052, primarily due to a decline in sales volume and operating revenue[6] - In Q1 2022, the company's net profit was -1,293,216.06 RMB, a significant decrease compared to a net profit of 7,820,844.76 RMB in Q1 2021, representing a decline of approximately 116.5%[20] - Operating profit for Q1 2022 was -1,787,127.82 RMB, compared to an operating profit of 10,868,060.75 RMB in Q1 2021, indicating a decline of around 116.4%[20] - The total comprehensive income for Q1 2022 was -1,293,216.06 RMB, compared to 7,820,844.76 RMB in Q1 2021, reflecting a decrease of approximately 116.5%[21] - The company reported a net profit margin decline due to increased costs, impacting overall profitability[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,364,792,830.37, down 2.20% from the end of the previous year[6] - Current assets as of March 31, 2022, totaled RMB 648,756,874.25, a decrease from RMB 667,900,153.39 at the end of 2021[16] - Total assets amounted to RMB 1,364,792,830.37 as of March 31, 2022, compared to RMB 1,395,532,531.01 at the end of 2021[18] - Total liabilities decreased to RMB 141,247,324.92 from RMB 170,693,809.50 at the end of 2021[18] - The company's cash and cash equivalents increased to RMB 289,972,761.25 from RMB 284,590,706.48 at the end of 2021[16] - Inventory decreased to RMB 205,133,567.48 from RMB 239,128,458.42 at the end of 2021[16] - Long-term equity investments were RMB 2,087,904.09, slightly down from RMB 2,103,809.07 at the end of 2021[16] Cash Flow - The net cash flow from operating activities was ¥35,865,660.50, with no comparative data provided[5] - The net cash flow from operating activities in Q1 2022 was 35,865,660.50 RMB, a turnaround from a negative cash flow of -7,719,129.33 RMB in Q1 2021[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,530[12] - The top shareholder, Chen Guanyu, held 25.11% of the shares, amounting to 61,062,111 shares[13] Costs and Expenses - Total operating costs for Q1 2022 were RMB 166,292,231.08, down from RMB 202,520,881.62 in Q1 2021[19] - The company experienced a 236.42% increase in asset impairment losses, primarily due to increased inventory write-downs[10] - The company reported a significant increase in tax expenses, with a tax expense of -438,281.71 RMB in Q1 2022 compared to 2,643,271.03 RMB in Q1 2021, indicating a change in tax liability[20] - The company incurred a financial expense of -1,694,604.52 RMB in Q1 2022, an improvement from -2,721,526.04 RMB in Q1 2021[20] - The company reported a decrease in research and development expenses to 2,259,842.12 RMB in Q1 2022 from 2,631,182.07 RMB in Q1 2021, a reduction of about 14.1%[20] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[19]