TORCH ELECTRON(SH:603678)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥842,925,014.79, a decrease of 26.92% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥193,911,509.50, down 24.89% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥188,513,276.26, a decrease of 26.12% year-on-year[6]. - Basic earnings per share were ¥0.42, down 24.52% compared to the same period last year[6]. - Total operating revenue for Q1 2022 was ¥842,925,014.79, a decrease of 26.9% compared to ¥1,153,374,099.02 in Q1 2021[31]. - Net profit for Q1 2022 was ¥196,766,330.50, a decline of 24.6% from ¥261,029,930.92 in Q1 2021[33]. - Basic earnings per share for Q1 2022 were ¥0.42, compared to ¥0.56 in Q1 2021, reflecting a decrease of 25%[33]. - Total comprehensive income for Q1 2022 was ¥197,613,392.06, down 24.7% from ¥262,565,591.03 in Q1 2021[33]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 707.60% to ¥242,596,772.18[6]. - Cash flow from operating activities for Q1 2022 was ¥242,596,772.18, significantly higher than ¥30,039,063.12 in Q1 2021[36]. - The company reported a cash balance of approximately 948.83 million yuan, an increase from 922.21 million yuan at the end of 2021[22]. - Total current assets as of March 31, 2022, amounted to approximately 4.64 billion yuan, slightly increasing from 4.64 billion yuan at the end of 2021[25]. - Non-current assets totaled approximately 2.61 billion yuan, an increase from 2.30 billion yuan at the end of 2021[25]. - Total assets reached approximately 7.25 billion yuan, compared to 6.94 billion yuan at the end of 2021[25]. - Total liabilities amounted to approximately 2.24 billion yuan, up from 2.12 billion yuan at the end of 2021[27]. - The company's equity attributable to shareholders increased to approximately 4.87 billion yuan from 4.68 billion yuan at the end of 2021[27]. Government Support and Pandemic Impact - The company received government subsidies totaling ¥83,900,000, which were recorded as deferred income[16]. - The impact of the COVID-19 pandemic led to delays in product acceptance and settlement, contributing to the decline in revenue[16]. - The company aims to actively promote demand recovery following the pandemic while ensuring ongoing epidemic prevention measures[16]. Share Repurchase - The company has repurchased a total of 648,100 shares, accounting for 0.14% of the total share capital, with a total expenditure of approximately 29.99 million yuan[18][20]. - The repurchase price ranged from a maximum of 52.50 yuan per share to a minimum of 43.05 yuan per share[20]. - The company plans to continue its share repurchase program until March 14, 2023, with a total budget of 30 million to 50 million yuan[17]. Expenses and Financial Activities - Total operating costs for Q1 2022 were ¥608,204,953.65, down 26.9% from ¥833,106,305.05 in Q1 2021[31]. - Research and development expenses for Q1 2022 increased to ¥20,380,820.54, up 35.6% from ¥15,043,142.21 in Q1 2021[31]. - Sales expenses for Q1 2022 were ¥25,534,288.02, slightly up from ¥25,130,749.14 in Q1 2021[31]. - The company reported a decrease in tax expenses to ¥37,008,950.53 in Q1 2022 from ¥54,638,108.61 in Q1 2021, a reduction of 32.5%[33]. Cash Flow from Financing and Investing Activities - Net cash flow from investing activities was -$422.99 million, a decrease from -$65.03 million in the previous period[38]. - Cash inflow from financing activities totaled $483.56 million, compared to $286.32 million in the prior period[38]. - Net cash flow from financing activities was $208.38 million, up from $44.13 million year-over-year[38]. - Cash outflow from financing activities was $275.17 million, compared to $242.19 million in the previous period[38]. - Cash outflow from investing activities was $439.30 million, a significant increase from $66.35 million previously[38]. - Cash received from borrowings was $483.56 million, compared to $244.19 million in the prior period[38]. - Cash paid for debt repayment was $254.15 million, an increase from $163.71 million in the previous period[38].