RICHEN(SH:603755)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥74,597,783.30, representing a year-on-year increase of 7.11%[5] - The net profit attributable to shareholders decreased by 7.51% to ¥13,586,336.52 compared to the same period last year[5] - Basic and diluted earnings per share were both ¥0.14, reflecting a decrease of 6.67% year-on-year[6] - Total operating revenue for Q1 2022 was CNY 74,597,783.30, an increase of 7.9% compared to CNY 69,646,214.79 in Q1 2021[22] - Net profit for Q1 2022 was CNY 13,586,336.52, a decrease of 7.5% from CNY 14,690,003.43 in Q1 2021[23] - Operating profit for Q1 2022 was CNY 15,739,327.00, down 9.4% from CNY 17,364,871.56 in Q1 2021[23] Cash Flow - The net cash flow from operating activities increased significantly by 31,028.76% to ¥19,890,870.53, mainly due to increased sales collections[10] - Cash flow from operating activities for Q1 2022 was CNY 19,890,870.53, significantly higher than CNY 63,898.70 in Q1 2021[26] - Cash received from sales of goods and services in Q1 2022 was CNY 92,116,653.21, an increase from CNY 73,848,356.96 in Q1 2021[26] - The net cash flow from investing activities was -$10,307,202.68, an improvement from -$44,579,228.38 in the previous year[27] - The company reported a net increase in cash and cash equivalents of $6,482,643.59, contrasting with a decrease of $47,152,735.93 in the prior year[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥833,831,371.60, an increase of 1.21% from the end of the previous year[6] - Current assets totaled RMB 516,502,997.11, down from RMB 535,316,305.08 at the end of 2021, primarily due to a decrease in trading financial assets[17] - Total non-current assets reached RMB 317,328,374.49, up from RMB 288,582,878.75 at the end of 2021, reflecting investment in long-term assets[18] - Total liabilities as of Q1 2022 were CNY 157,973,168.18, a decrease from CNY 162,993,193.40 in the previous year[22] - Total current liabilities decreased to RMB 131,431,575.65 from RMB 134,121,710.62 at the end of 2021, indicating improved liquidity management[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,301[12] - The largest shareholder, Qingdao Boya Investment Holding Co., Ltd., held 56.24% of the shares, with 14,553,381 shares pledged[12] Government Support and Investments - The company received government subsidies of ¥215,967.99, primarily related to the Qingdao municipal science and technology plan[7] - The company made investments totaling $277,000,000.00, down from $302,245,000.00 in the previous year[27] Other Financial Metrics - The weighted average return on equity decreased by 0.35 percentage points to 2.03%[6] - Research and development expenses for Q1 2022 were CNY 3,025,332.49, up from CNY 2,691,846.48 in Q1 2021[22] - The company reported a decrease in accounts receivable to RMB 55,074,179.60 from RMB 65,374,479.77 at the end of 2021, indicating improved collection efforts[17] - The total equity position remains strong, supporting future growth and operational stability[16] - Total equity as of Q1 2022 was CNY 675,858,203.42, an increase from CNY 660,905,990.43 in the previous year[22] Accounting Standards and Reporting - The company has not adopted the new accounting standards for the current year[29] - The report was published by the board of directors on April 27, 2022[29]