Changqing(SH:603768)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥735,862,109.54, representing a decrease of 5.61% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥8,793,620.46, down 74.56% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥190,783.28, a decline of 99.39% compared to the previous year[5]. - Total revenue for Q1 2022 was ¥735.86 million, a decrease of 5.6% compared to ¥779.57 million in Q1 2021[21]. - Net profit for Q1 2022 was ¥8.79 million, a significant decline of 74.6% from ¥34.57 million in Q1 2021[22]. - Operating profit for Q1 2022 was ¥16.21 million, down 62.3% from ¥42.91 million in Q1 2021[22]. - Basic earnings per share for Q1 2022 were ¥0.04, a decrease from ¥0.17 in Q1 2021[23]. Cash Flow - The net cash flow from operating activities was -¥83,700,204.52, an increase of 33.65% year-on-year[5]. - Cash flow from operating activities in Q1 2022 was negative at -¥83.70 million, an improvement from -¥126.16 million in Q1 2021[25]. - Cash flow from financing activities in Q1 2022 was positive at ¥215.49 million, compared to only ¥13.32 million in Q1 2021[26]. - The company reported a decrease in cash and cash equivalents, with RMB 356,767,852.75 as of March 31, 2022, compared to RMB 275,612,708.32 at the end of 2021, which is a decrease of about 29.3%[17]. - Cash and cash equivalents at the end of Q1 2022 increased to ¥361.54 million, up from ¥175.60 million at the end of Q1 2021[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,150,635,679.30, an increase of 7.49% from the end of the previous year[6]. - As of March 31, 2022, the total assets of the company amounted to RMB 4,150,635,679.30, an increase from RMB 3,861,438,643.30 as of December 31, 2021, reflecting a growth of approximately 7.5%[18]. - The company's current assets totaled RMB 1,802,744,498.09, up from RMB 1,571,157,061.48, indicating an increase of about 14.7%[18]. - The total liabilities of the company were RMB 2,340,908,353.07, compared to RMB 2,060,504,937.53, marking an increase of around 13.6%[19]. - The company's short-term borrowings increased to RMB 791,539,490.42 from RMB 714,101,259.89, which is an increase of about 10.8%[19]. - The company's equity attributable to shareholders reached RMB 1,809,727,326.23, compared to RMB 1,800,933,705.77, showing a marginal increase[20]. Inventory and Borrowings - The company's inventory increased by 33.30% compared to the beginning of the period, primarily due to increased stock for production orders[11]. - Long-term borrowings rose by 49.18%, reflecting the company's need for additional financing to support expanded operations[11]. Research and Development - Research and development expenses for Q1 2022 were ¥19.09 million, a decrease of 9.1% from ¥21.00 million in Q1 2021[21]. Tax and Other Expenses - The company reported a tax expense of ¥7.46 million for Q1 2022, down from ¥8.55 million in Q1 2021[22].