GUOMAO REDUCER(SH:603915)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥609,758,554.67, representing a decrease of 5.05% compared to the previous year[6] - Net profit attributable to shareholders was ¥64,698,754.72, down 18.55% year-over-year[6] - Basic earnings per share were ¥0.14, reflecting a decrease of 17.65%[6] - Total operating revenue for Q1 2022 was CNY 609.76 million, a decrease of 5.1% from CNY 642.20 million in Q1 2021[30] - Net profit for Q1 2022 was CNY 64.36 million, a decline of 19.1% compared to CNY 79.64 million in Q1 2021[31] - The company reported a total profit of CNY 69.05 million in Q1 2022, down 26% from CNY 93.28 million in Q1 2021[31] - Other comprehensive income after tax for Q1 2022 was CNY 20.96 million, compared to a loss of CNY 17.13 million in Q1 2021[34] Cash Flow - The net cash flow from operating activities was negative at ¥137,801,328.86, a significant decline of 873.82%[6] - The company reported a significant decline in cash flow due to delayed cash outflows related to procurement payments[12] - The net cash flow from operating activities was -137,801,328.86, a significant decrease compared to 17,807,858.10 from the previous period, indicating a decline in operational performance[38] - Cash inflow from investment activities totaled 403,733,557.84, up from 201,163,853.71, reflecting improved investment recovery[38] - The net cash flow from investment activities was 189,705,535.45, a recovery from a negative cash flow of -438,181,962.57 in the previous period, showing a positive turnaround in investment performance[38] - Cash outflow from operating activities increased to 731,108,452.00 from 566,698,795.55, indicating higher operational costs[38] - The cash received from other operating activities was 3,866,316.90, compared to 36,606,126.28, indicating a decline in other operational income[38] - The cash flow from financing activities was -798,859.00, reflecting a net outflow due to payments related to financing activities[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,493,094,312.00, a decrease of 4.57% from the previous year-end[8] - The company's current assets totaled RMB 2,948,672,617.74, down from RMB 3,196,711,111.91 year-over-year[23] - The total liabilities decreased to RMB 1,459,260,943.26 from RMB 1,749,112,966.83, representing a reduction of approximately 16.5%[26] - The total cash and cash equivalents at the end of the period were 837,895,232.10, an increase from 678,862,762.70, suggesting improved liquidity[40] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 2.37% to ¥3,023,650,397.50[8] - The total equity attributable to shareholders of the parent company rose to CNY 3,023.65 million, an increase of 2.4% from CNY 2,953.72 million[30] Operational Metrics - The weighted average return on equity was 2.16%, a decrease of 0.92 percentage points[6] - R&D expenses increased significantly to CNY 35.07 million in Q1 2022, up 52% from CNY 23.08 million in Q1 2021[31] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[19] Inventory and Receivables - Accounts receivable rose significantly to RMB 394,952,873.88, compared to RMB 254,666,496.65, marking an increase of about 55%[23] - Inventory levels were reported at RMB 731,804,697.91, slightly up from RMB 718,042,896.92, indicating a marginal increase[23] - The company reported a significant decrease in accounts payable, which fell to RMB 375,233,768.67 from RMB 436,627,852.07, a decline of about 14%[26]