MOONS’(SH:603728)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 675,764,564.80, representing a year-on-year increase of 10.03%[5] - The net profit attributable to shareholders decreased by 31.44% to CNY 39,119,377.55 compared to the same period last year[5] - The basic earnings per share fell by 31.49% to CNY 0.0940, while diluted earnings per share decreased by 32.14% to CNY 0.0931[5] - The company reported a decrease of 34.16% in notes receivable, as it strengthened bill discounting during the quarter[8] - The net profit attributable to shareholders was RMB 39.12 million, a decrease of 31.44% year-on-year, primarily due to increased international shipping costs and pandemic-related expenses[11] - Net profit for Q1 2022 was RMB 39,339,464.34, down 31.5% from RMB 57,479,980.64 in Q1 2021[19] - Earnings per share for Q1 2022 were RMB 0.0940, compared to RMB 0.1372 in Q1 2021[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -60,543,290.10, attributed to increased inventory and payment of goods[8] - In Q1 2022, the cash inflow from operating activities was CNY 680,995,926.66, an increase of 5.2% compared to CNY 643,860,053.67 in Q1 2021[21] - The net cash outflow from operating activities was CNY -60,543,290.10, worsening from CNY -12,940,318.12 in the same period last year[21] - Cash outflow for purchasing goods and services was CNY 408,565,816.78, up from CNY 335,609,442.77 in Q1 2021, indicating a 21.7% increase[21] - The net cash flow from investing activities was CNY -57,024,857.99, compared to CNY -78,005,761.40 in Q1 2021, showing an improvement[22] - Cash inflow from financing activities was CNY 131,829,859.29, with a net cash flow of CNY 127,667,217.30, a significant recovery from CNY -21,726,583.98 in the previous year[22] - The ending cash and cash equivalents balance was CNY 619,902,749.88, up from CNY 579,147,515.52 in Q1 2021[22] - The company received CNY 12,062,217.58 in tax refunds, an increase from CNY 8,046,033.21 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,314,327,252.12, a 1.74% increase from the end of the previous year[5] - Total liabilities amounted to RMB 827,416,306.88, compared to RMB 812,509,243.05 in the previous period[16] - Total equity attributable to shareholders of the parent company was RMB 2,482,936,702.31, an increase from RMB 2,441,392,500.22[16] - The total assets of the company reached RMB 3.31 billion as of March 31, 2022, up from RMB 3.26 billion at the end of 2021[15] Operational Highlights - The company's overseas subsidiaries contributed 80% of the revenue growth during the reporting period[12] - The company is focused on technology innovation and aims to become a leading provider of system-level motion control solutions[12] - The company is preparing to launch its new production base in Taicang, which is expected to enhance production capacity[11] - The company is actively exploring market resources and responding quickly to customer demands despite challenges from the pandemic and raw material shortages[12] Expenses - Sales expenses increased by 39.30%, driven by rising labor costs, service fees, and international freight costs[8] - Research and development expenses for Q1 2022 were RMB 52,715,453.95, an increase of 20.8% from RMB 43,651,077.60 in Q1 2021[18] - The company’s financial expenses increased to RMB 5,509,800.48 in Q1 2022 from RMB 1,942,846.81 in Q1 2021, indicating a significant rise in financing costs[18] - Employee compensation payments totaled CNY 221,242,208.82, compared to CNY 206,169,908.22 in Q1 2021, reflecting an increase of 7.3%[21] Other Financial Metrics - The weighted average return on equity decreased by 1 percentage point to 1.59%[5] - The total amount of non-recurring gains and losses was CNY 336,056.22 after tax adjustments[7] - The company reported a decrease in other comprehensive income, with a net amount of RMB -2,448,225.46 for Q1 2022 compared to RMB -4,927,858.72 in Q1 2021[19]