Eddie Precision(SH:603638)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥615,497,715.42, representing a decrease of 31.22% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥72,333,701.70, down 63.07% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥69,416,337.50, a decrease of 64.40%[6]. - Basic and diluted earnings per share were both ¥0.09, down 62.50% year-on-year[6]. - The total comprehensive income attributable to the parent company's owners for Q1 2022 was ¥72,333,701.70, a decrease of 63.16% compared to ¥195,850,969.61 in Q1 2021[28]. - Total operating income for Q1 2022 was ¥84,109,112.56, significantly lower than ¥227,297,583.78 in Q1 2021, reflecting a decline of 63.01%[28]. - The net profit for Q1 2022 was ¥72,333,701.70, a decrease of 63.06% from ¥195,850,969.61 in Q1 2021[28]. Cash Flow - The net cash flow from operating activities was negative at ¥34,677,658.48, reflecting a significant decline of 795.42% compared to the previous year[6]. - Cash flow from operating activities for Q1 2022 was negative at -¥34,677,658.48, compared to a positive cash flow of ¥4,986,584.05 in Q1 2021[28]. - The company reported a total cash inflow from operating activities of ¥371,287,982.07 in Q1 2022, down from ¥409,750,692.81 in Q1 2021[28]. - Cash outflow from operating activities in Q1 2022 was ¥405,965,640.55, slightly higher than ¥404,764,108.76 in Q1 2021[28]. - The company incurred financial expenses of ¥5,271,028.61 in Q1 2022, compared to ¥2,857,834.67 in Q1 2021, indicating an increase of 84.56%[28]. - The company’s investment activities resulted in a net cash outflow of -¥46,693,754.63 in Q1 2022, compared to -¥279,249,502.95 in Q1 2021[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,552,055,721.04, an increase of 1.55% from the end of the previous year[8]. - Total current assets amounted to CNY 2,049,350,581.41, slightly up from CNY 2,032,467,334.53 as of December 31, 2021[18]. - Total assets reached CNY 4,552,055,721.04, compared to CNY 4,482,700,302.07 at the end of 2021, reflecting a growth of 1.6%[22]. - Short-term borrowings increased to CNY 215,242,027.72 from CNY 205,287,630.14, marking a rise of 0.5%[21]. - Total liabilities decreased to CNY 1,653,831,785.30 from CNY 1,661,823,558.01, a decline of 0.5%[21]. - The company's equity attributable to shareholders rose to CNY 2,898,223,935.74 from CNY 2,820,876,744.06, an increase of 2.7%[23]. Shareholder Information - The company reported a total of 14,657 common shareholders at the end of the reporting period[11]. - The top three shareholders held a combined 58.14% of the company's shares, with FENG XIAO HONG holding 23.25%[11]. Operational Costs and Expenses - Total operating costs for Q1 2022 were CNY 528,596,842.98, down 19.6% from CNY 657,426,679.54 in Q1 2021[23]. - Research and development expenses for Q1 2022 were CNY 25,665,137.41, down 17.5% from CNY 31,158,457.46 in Q1 2021[23]. - The company reported a net profit margin decline due to increased operational costs and reduced revenue, impacting future outlook[23]. Government Subsidies - The company received government subsidies amounting to ¥3,466,501.35, which are closely related to its normal business operations[9]. Cash and Cash Equivalents - The company's cash and cash equivalents decreased by 55.50%, primarily due to the settlement of bank acceptance bills[9]. - The cash and cash equivalents at the end of Q1 2022 were ¥51,084,135.91, down from ¥228,210,030.04 at the end of Q1 2021[30].