ANJI FOOD(SH:603696)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥108,933,184.15, representing a decrease of 16.46% compared to the same period last year[6] - The net profit attributable to shareholders was ¥2,909,331.39, down 78.52% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 57.21% to ¥5,461,920.98[6] - Basic and diluted earnings per share were both ¥0.01, reflecting a decrease of 83.33%[7] - Total revenue for Q1 2022 was ¥108.93 million, a decrease of 16.4% compared to ¥130.39 million in Q1 2021[20] - Net profit for Q1 2022 was ¥2.91 million, a decline of 78.5% from ¥13.55 million in Q1 2021[21] - The company experienced a decrease in comprehensive income, totaling ¥2.59 million in Q1 2022, down from ¥13.98 million in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥28,422,925.50, a decline of 885.64% compared to the previous year[6] - Operating cash flow for Q1 2022 was negative at ¥28.42 million, compared to a positive cash flow of ¥3.62 million in Q1 2021[23] - Cash and cash equivalents at the end of Q1 2022 were ¥82.38 million, down from ¥121.38 million at the end of Q1 2021[24] - The company reported a significant increase in cash outflow from investment activities, totaling ¥45.99 million in Q1 2022, compared to an inflow of ¥29.30 million in Q1 2021[24] - The cash flow from operating activities showed a net outflow of CNY -4,677,300.95 in Q1 2022, compared to a net inflow of CNY 7,019,729.71 in Q1 2021[31] - The company reported a decrease in cash and cash equivalents of $48.84 million during the quarter[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥624,819,272.93, down 2.54% from the end of the previous year[7] - The total current assets amounted to RMB 360,833,646.45, a decrease from RMB 376,868,354.74 at the end of 2021, reflecting a decline of approximately 4.5%[15] - The company's cash and cash equivalents decreased to RMB 83,305,498.28 from RMB 158,450,461.07, representing a significant drop of about 47.5%[15] - The total liabilities decreased to RMB 73,473,918.54 from RMB 92,371,513.37, indicating a reduction of approximately 20.5%[17] - The total assets decreased to CNY 646,185,053.25 in Q1 2022 from CNY 656,093,127.10 in Q1 2021, reflecting a decline of 1.4%[27] - The total liabilities decreased to CNY 71,552,147.96 in Q1 2022 from CNY 85,778,071.92 in Q1 2021, a reduction of 16.6%[27] Operational Challenges - The company attributed the decline in revenue and profit to transportation disruptions caused by the Spring Festival and COVID-19 in Quanzhou, as well as rising raw material prices[10] - The company reported no significant new product launches or technological advancements during the quarter, focusing instead on operational efficiency and cost management[15] Investment and Research - The company experienced a decrease in investment income by 68.93%, primarily due to reduced returns from financial products redeemed during the reporting period[11] - Research and development expenses decreased to ¥2.20 million in Q1 2022 from ¥2.83 million in Q1 2021, a reduction of 22.1%[20] - Research and development expenses for Q1 2022 were CNY 2,202,773.72, a decrease of 22.2% from CNY 2,830,957.89 in Q1 2021[28] Equity and Returns - The weighted average return on equity was 0.53%, a decrease of 1.83 percentage points[7] - The company's total equity increased to RMB 551,345,354.39 from RMB 548,748,872.76, a marginal increase of approximately 0.3%[17] - The total equity increased slightly to CNY 574,632,905.29 in Q1 2022 from CNY 570,315,055.18 in Q1 2021, reflecting a growth of 0.6%[27]