ENC(SH:603869)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥134,056,912.24, representing a decrease of 16.10% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥1,816,257.83, down 84.55% year-on-year, primarily due to the absence of significant government subsidies[5][7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 718.20%, reaching ¥1,672,247.25, driven by improved project gross margins and increased financial income[5][7]. - Basic and diluted earnings per share were both ¥0.0036, reflecting an 84.55% decline compared to the previous year[6][8]. - Net profit for Q1 2022 was ¥2,628,930.94, a decline of 72.8% from ¥9,659,832.30 in Q1 2021[18]. - Total comprehensive income for Q1 2022 was CNY 2,628,930.94, a decrease from CNY 11,758,011.01 in Q1 2021[19]. - Basic and diluted earnings per share for Q1 2022 were CNY 0.0036, down from CNY 0.0233 in Q1 2021[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,956,178,592.52, a decrease of 2.91% from the end of the previous year[6]. - Total assets as of Q1 2022 were ¥4,956,178,592.52, a decrease from ¥5,104,722,665.03 in the previous year[16]. - Total liabilities for Q1 2022 were ¥943,928,803.12, down 13.8% from ¥1,095,101,806.57 in Q1 2021[15]. - Total liabilities as of March 31, 2022, were CNY 1,927,768,934.72, down from CNY 2,300,028,677.72 at the end of 2021[26]. - The total liabilities amounted to approximately CNY 1.93 billion, a decrease from CNY 2.30 billion year-over-year[27]. Cash Flow - The company reported a net cash flow from operating activities of -¥77,008,711.62, indicating a negative cash flow situation[5]. - Cash inflow from operating activities in Q1 2022 was CNY 205,802,257.02, compared to CNY 192,188,360.67 in Q1 2021, showing an increase of approximately 7.9%[22]. - Cash outflow from operating activities in Q1 2022 was CNY 282,810,968.64, up from CNY 201,557,630.50 in Q1 2021, representing an increase of about 40.2%[22]. - Net cash flow from operating activities for Q1 2022 was -CNY 77,008,711.62, worsening from -CNY 9,369,269.83 in Q1 2021[22]. - The net cash flow from operating activities was negative at CNY -455,585,445.84, compared to a positive CNY 414,537,108.50 in the same period last year[31]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 18,953[10]. - The largest shareholder, Xin'ao Energy Supply Chain Co., Ltd., held 35.05% of the shares, with 28,868,400 shares pledged[10][11]. - The company repurchased a total of 6,734,687 shares, accounting for 1.33% of the total share capital, which remains unchanged as of the reporting period[11]. Expenses - The company reported a decrease in research and development expenses to ¥26,928,571.24, down 26.7% from ¥36,783,471.61 in Q1 2021[17]. - The company incurred interest expenses of CNY 2,250,000.00, down from CNY 7,048,737.14 in the previous year[29]. - The company reported a significant increase in management expenses to CNY 479,460.14 from CNY 125,189.34 year-over-year[28]. Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[20]. - The company is focusing on improving its financial performance and exploring new strategies for market expansion and product development[30].