KedaTechnology(SH:603660)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥444,678,358.38, representing a decrease of 19.12% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥77,128,007.75, indicating a significant loss[5]. - The basic and diluted earnings per share were both -¥0.1561, a decrease of 99.78% year-on-year[6][8]. - Total revenue for Q1 2022 was CNY 444,678,358.38, a decrease of 19.1% compared to CNY 549,814,862.10 in Q1 2021[18]. - Net loss for Q1 2022 was CNY 78,474,611.37, compared to a net loss of CNY 40,274,225.77 in Q1 2021, indicating an increase in losses of 94.7%[19]. - Other comprehensive income after tax for Q1 2022 was CNY 76,325.77, compared to a loss of CNY 106,473.66 in Q1 2021[20]. Cash Flow - The net cash flow from operating activities was -¥238,975,425.24, reflecting a decline in cash inflow[6]. - Cash inflow from operating activities totaled $468,938,041.67, a decrease of 28% compared to $651,361,900.96 in the previous year[23]. - Cash outflow from operating activities was $707,913,466.91, down from $767,350,594.77, resulting in a net cash flow from operating activities of -$238,975,425.24, compared to -$115,988,693.81 last year[23]. - Cash inflow from investment activities was $14,426,093.83, significantly lower than $154,496,503.44 in the previous year, leading to a net cash flow from investment activities of -$25,677,107.86, compared to -$114,449,833.04 last year[24]. - The ending balance of cash and cash equivalents was $256,144,666.97, down from $272,317,798.71 in the previous year[24]. - The net increase in cash and cash equivalents was -$271,025,710.66, compared to -$323,247,611.43 in the previous year[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,493,985,861.43, down 5.85% from the end of the previous year[6]. - The total assets as of Q1 2022 were CNY 3,493,985,861.43, a decrease from CNY 3,711,082,143.17 in the previous year[17]. - Total liabilities for Q1 2022 were CNY 1,625,795,736.93, down from CNY 1,768,640,636.74 in Q1 2021, reflecting a decrease of 8.1%[17]. - The equity attributable to shareholders of the listed company decreased by 3.80% to ¥1,847,327,507.47[6]. - The equity attributable to shareholders of the parent company was CNY 1,847,327,507.47, down from CNY 1,920,232,285.78 in the previous year, a decline of 3.8%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,680[9]. - Major shareholder Chen Donggen held 26.27% of the shares, totaling 129,811,628 shares[10]. Investments and Expenditures - The company has invested RMB 209.82 million in fundraising projects as of March 31, 2022, with several projects delayed to December 2023[13]. - The company made capital expenditures of $39,085,891.99, down from $46,906,001.75 in the previous year[24]. - The company has issued a total of 516,000 convertible bonds with a total value of RMB 51.6 million, with only RMB 48,000 converted to common stock by the end of Q1 2022[13]. - The total amount of unconverted convertible bonds as of March 31, 2022, was RMB 515.64 million, representing 99.93% of the total issued[13]. - The company reported a total of 3,240 shares converted from convertible bonds, accounting for 0.00066% of the total common shares before conversion[13]. Operational Costs and Expenses - Total operating costs for Q1 2022 were CNY 571,906,359.19, down from CNY 600,681,071.88 in Q1 2021, reflecting a reduction of 4.5%[19]. - Research and development expenses for Q1 2022 were CNY 188,873,599.01, up from CNY 173,808,024.85 in Q1 2021, representing an increase of 8.7%[19]. - Payments to employees increased to $271,006,762.20 from $257,914,934.80, reflecting a rise of approximately 5%[23]. Strategic Initiatives - The company plans to continue its strategic initiatives despite the impact of COVID-19 on operations, particularly in Suzhou[13].