Lettall Electronic(SH:603629)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥383,962,371.18, a decrease of 1.52% compared to the same period last year[6] - Net profit attributable to shareholders was ¥16,884,653.81, representing an increase of 145.77% year-on-year[6] - Basic earnings per share for the period was ¥0.13, an increase of 85.71% compared to the previous year[6] - Total operating revenue for Q1 2022 was ¥383,962,371.18, a decrease of 1.9% compared to ¥389,889,267.42 in Q1 2021[32] - Net profit for Q1 2022 reached ¥16,884,653.81, compared to ¥6,400,610.34 in Q1 2021, representing a significant increase of 163.5%[36] - Earnings per share for Q1 2022 was ¥0.13, up from ¥0.07 in Q1 2021, indicating a growth of 85.7%[38] Cash Flow - The net cash flow from operating activities was -¥45,523,584.98, indicating a negative cash flow situation[6] - Cash flow from operating activities in Q1 2022 was ¥265,972,650.55, a decrease of 35.2% from ¥411,325,308.86 in Q1 2021[40] - The net cash flow from operating activities was -45,523,584.98, compared to -46,023,336.73 in the previous period, indicating a slight improvement[43] - Total cash outflow from operating activities amounted to 311,496,235.53, down from 457,348,645.59, reflecting a reduction in operational expenses[43] - The net cash flow from investment activities was -135,257,533.33, worsening from -48,399,525.49, indicating increased cash outflows for investments[43] - The net cash flow from financing activities was -150,406,381.95, compared to a positive 110,305,829.83 in the previous period, indicating a shift towards higher cash outflows[43] - The ending balance of cash and cash equivalents was 315,910,817.12, down from 647,310,077.72, reflecting a significant decrease in liquidity[45] - The net increase in cash and cash equivalents was -331,399,260.60, contrasting with a positive increase of 15,761,863.84 in the previous period, highlighting cash management challenges[45] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,932,269,249.85, a decrease of 6.52% from the end of the previous year[9] - The total current assets decreased from RMB 2,278,717,401.04 to RMB 2,091,965,989.63, a decline of approximately 8.2%[27] - Total assets decreased from RMB 3,136,694,923.27 to RMB 2,932,269,249.85, a decline of about 6.5%[27] - Total liabilities decreased from RMB 1,559,602,315.38 to RMB 1,338,409,025.72, a reduction of approximately 14.1%[30] - Short-term borrowings decreased from RMB 727,663,818.08 to RMB 595,155,206.94, a decrease of about 18.2%[30] - The company's total equity remained stable at RMB 1,121,895,344.94[30] Shareholder Information - The company's equity attributable to shareholders increased to ¥1,593,860,224.13, a rise of 1.06% from the previous year[9] - The total number of ordinary shareholders at the end of the reporting period was 6,509[17] Expenses and Income - Total operating costs increased to ¥382,717,818.45 in Q1 2022, up from ¥380,819,757.95 in Q1 2021, reflecting a rise of 0.4%[32] - Research and development expenses for Q1 2022 were ¥15,268,867.71, slightly down from ¥16,003,934.39 in Q1 2021, a decrease of 4.6%[32] - Other income increased to ¥4,486,146.25 in Q1 2022 from ¥3,252,255.64 in Q1 2021, marking a growth of 37.9%[36] - Investment income for Q1 2022 was ¥7,180,620.85, a turnaround from a loss of ¥134,350.82 in Q1 2021[36] - The company reported a decrease in sales expenses to ¥7,800,981.92 in Q1 2022 from ¥3,637,696.11 in Q1 2021, an increase of 114.5%[32] Non-Recurring Gains - The company recognized non-recurring gains of ¥12,005,722.55 during the period, primarily from the sale of equity in a subsidiary and government subsidies[14] - The company’s diluted earnings per share also stood at ¥0.13, reflecting the same increase of 85.71% year-on-year[14]