Linewell(SH:603636)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 125,594,894.58, representing a decrease of 4.89% compared to the same period last year[6] - The net profit attributable to shareholders was a loss of CNY 26,433,483.71, a decline of 244.31% year-on-year[6] - The net cash flow from operating activities was negative at CNY 193,460,644.59, an increase of 46.63% in cash outflow compared to the previous year[6] - The company's basic and diluted earnings per share were both CNY -0.05, reflecting a decrease of 250.00% year-on-year[6] - The net profit attributable to shareholders was -RMB 26.43 million, a decline of 244.31% compared to the same period last year[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -RMB 32.27 million, down 128.15% year-on-year[14] - The net loss for Q1 2022 was CNY 29,795,069.96, compared to a net loss of CNY 9,864,415.60 in Q1 2021[23] - The total comprehensive income for Q1 2022 was -28,017,859.40 RMB, compared to -9,077,728.26 RMB in Q1 2021[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,371,301,698.29, down 3.00% from the end of the previous year[7] - The equity attributable to shareholders decreased to CNY 2,595,744,672.35, a decline of 1.15% from the previous year[7] - Non-current assets totaled CNY 2,050,672,575.23 as of March 31, 2022, down from CNY 2,090,923,671.36 at the end of 2021, a decrease of 1.9%[21] - Current liabilities decreased to CNY 1,609,293,841.67 in Q1 2022, down from CNY 1,708,202,208.03 in Q4 2021, a reduction of 5.8%[21] - The company reported a decrease in accounts payable to CNY 532,560,470.72 in Q1 2022 from CNY 605,304,198.04 in Q4 2021, a decrease of 12.0%[21] - The total equity attributable to shareholders decreased to CNY 2,595,744,672.35 as of March 31, 2022, from CNY 2,626,065,387.10 at the end of 2021, a decline of 1.2%[21] Revenue and Costs - Total operating revenue for Q1 2022 was CNY 125,594,894.58, a decrease of 4.3% compared to CNY 132,049,677.65 in Q1 2021[23] - Total operating costs increased to CNY 154,109,670.73 in Q1 2022, up from CNY 150,369,791.19 in Q1 2021, representing a rise of 2.5%[23] - Research and development expenses for Q1 2022 were CNY 16,933,651.58, an increase of 14.6% from CNY 14,780,689.42 in Q1 2021[23] Investments and Contracts - As of March 31, 2022, the company's project receivables amounted to RMB 170 million, an increase of 14.85% year-on-year[14] - New contract amounts reached RMB 233 million, a significant increase of 232.81% year-on-year[14] - The newly awarded project amount was RMB 603 million, up 223.14% year-on-year[14] Strategic Initiatives - The company is focusing on the transformation of its core products and expanding its market presence, particularly in the northern region, where contract signing amounts have significantly increased[14] - The company launched several pandemic-related products, including a comprehensive platform for epidemic prevention and control, which has been implemented in various regions[14] - The company is committed to a "14th Five-Year" strategic plan aimed at becoming a leading enterprise in government services and social governance technology[14] - The company has increased its investment in research and development, particularly in the areas of smart city solutions and public safety technologies[14] Cash Flow - Operating cash flow for Q1 2022 was -193,460,644.59 RMB, an improvement from -362,506,333.50 RMB in Q1 2021[31] - Cash inflow from operating activities totaled 184,662,404.31 RMB in Q1 2022, compared to 171,260,242.11 RMB in Q1 2021[29] - Cash outflow from operating activities decreased to 378,123,048.90 RMB in Q1 2022 from 533,766,575.61 RMB in Q1 2021[29] - Investment activities generated a net cash inflow of 59,388,200.62 RMB in Q1 2022, compared to 169,770,868.17 RMB in Q1 2021[31] - The company received 169,800,000.00 RMB from borrowings in Q1 2022, up from 138,825,660.86 RMB in Q1 2021[31] - The total cash and cash equivalents at the end of Q1 2022 were 134,167,343.82 RMB, slightly down from 138,399,053.42 RMB at the end of Q1 2021[31] Operating Expenses - The company reported a decrease in operating expenses, with non-operating expenses dropping from 95,021.48 RMB in Q1 2021 to 15,906.76 RMB in Q1 2022[25]