SITONG(SH:603838)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥67,847,139.16, representing a decrease of 27.95% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥1,785,867.75, a decline of 151.68% year-over-year[5] - The basic earnings per share (EPS) was -¥0.0056, reflecting a decrease of 151.85% compared to the previous year[6] - Total operating revenue for Q1 2022 was ¥67,847,139.16, a decrease of 28.0% compared to ¥94,162,580.87 in Q1 2021[24] - Net profit for Q1 2022 was a loss of ¥1,785,867.75, compared to a profit of ¥3,455,744.14 in Q1 2021[25] - The company reported a total comprehensive loss of ¥1,785,867.75 for Q1 2022, compared to a comprehensive income of ¥3,458,801.60 in Q1 2021[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,157,160,655.33, down 0.58% from the end of the previous year[6] - The total liabilities as of Q1 2022 were ¥74,656,267.01, a decrease from ¥79,623,926.08 in Q1 2021[24] - The company reported a total current liability of RMB 28,017,555.78 as of March 31, 2022, compared to RMB 31,858,825.55 at the end of 2021[19] Cash Flow - The net cash flow from operating activities was -¥3,372,309.41, indicating a significant cash outflow[5] - Operating cash flow for Q1 2022 was a net outflow of ¥3,372,309.41, an improvement from a net outflow of ¥6,422,336.13 in Q1 2021[28] - Cash inflow from operating activities totaled ¥79,346,433.04 in Q1 2022, down from ¥95,271,931.64 in Q1 2021[28] - The net cash flow from investment activities was -$14,839,511.41, compared to a positive cash flow of $273,603,606.14 in the previous period[29] - The total cash outflow from investment activities amounted to $267,470,987.29, which is an increase from $30,241,248.44 in the prior period[29] - The net cash flow from financing activities was -$3,285,011.12, indicating a decrease in cash inflow compared to the previous period[29] Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,327[12] - Guangdong Weide Industrial Investment Co., Ltd. holds 64,847,032 shares, accounting for 20.26% of total shares[12] - The company's cash investment in Chaozhou Guangzhantong Ceramics Co., Ltd. was RMB 16 million, representing 17.77% of the company's registered capital[14] Research and Development - Research and development expenses increased by 50.77%, indicating a focus on innovation and product development[9] - Research and development expenses increased to ¥3,286,976.80 in Q1 2022, up 50.8% from ¥2,180,169.08 in Q1 2021[24] Inventory and Receivables - Accounts receivable decreased from RMB 84,588,960.83 at the end of 2021 to RMB 81,395,509.62 as of March 31, 2022[18] - Inventory increased from RMB 131,828,585.55 at the end of 2021 to RMB 138,584,498.77 as of March 31, 2022[18] Other Financial Metrics - The company recorded a total of ¥4,467,147.86 in non-recurring gains and losses, with government subsidies contributing positively[8] - The company experienced a 38.63% decrease in accounts payable, attributed to increased payments for purchases during the reporting period[9] - The equity attributable to shareholders decreased by 0.16% to ¥1,082,504,388.32 compared to the end of the previous year[6] - Total equity attributable to shareholders was ¥1,082,504,388.32 in Q1 2022, slightly down from ¥1,084,290,256.07 in Q1 2021[24] Corporate Actions - The company is currently undergoing the liquidation process of Chaozhou Guangzhantong Ceramics Co., Ltd., which was initiated on December 29, 2021[15] - The company plans to adjust and optimize its IPO fundraising projects based on external environmental changes and implementation conditions[16] Accounting Standards - The company has not adopted the new accounting standards starting from 2022[29] Report Release - The report was released by the board of directors on April 28, 2022[29]