SHGBIT(SH:603918)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥111,439,430.76, representing a decrease of 31.92% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥6,846,311.50, a decline of 292.03% year-on-year[5] - The basic earnings per share (EPS) was -0.019 yuan, down 305.83% from the previous year[5] - In Q1 2022, the company reported a net loss of CNY 8,343,167.22, compared to a net profit of CNY 3,565,228.62 in Q1 2021, representing a significant decline[20] - Total revenue from sales of goods and services was CNY 146,922,516.57, down from CNY 258,747,992.76 in the same period last year, indicating a decrease of approximately 43.1%[22] - The company reported a net loss for Q1 2022, with total operating costs exceeding total operating revenue[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,619,599,362.85, a decrease of 5.74% from the end of the previous year[6] - The equity attributable to shareholders decreased by 2.09% to ¥1,102,905,289.32 compared to the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 1,619,599,362.85, down 5.8% from RMB 1,718,169,562.43 at the end of 2021[17] - Total liabilities decreased to RMB 513,322,330.53 from RMB 589,831,106.11, a reduction of 10.0%[17] - The company's total liabilities decreased from CNY 508,288,424.82 in Q4 2021 to CNY 436,023,031.34 in Q1 2022, a reduction of approximately 14.2%[28] Cash Flow - The company reported a net cash flow from operating activities of -¥75,762,998.37, which is not applicable for comparison[5] - The company's operating cash flow net amount was -CNY 75,762,998.37, compared to -CNY 55,603,780.75 in Q1 2021, reflecting a worsening cash flow situation[23] - The net cash flow from operating activities was -$45.07 million, compared to -$37.59 million in Q1 2021, indicating a decline in operational cash flow[32] - The ending cash and cash equivalents balance decreased to $220.29 million in Q1 2022 from $627.91 million in Q1 2021, a decline of approximately 65%[33] - The company reported a significant decrease in cash flow due to increased operational and investment expenditures, impacting overall liquidity[32][33] Operational Efficiency and Market Strategy - The decline in revenue and profit was primarily attributed to the impact of the pandemic, which led to a reduction in project completions and acceptance[9] - The company is focusing on improving operational efficiency and exploring new market opportunities in the upcoming quarters[19] Expenses - Total operating costs for Q1 2022 were RMB 119,736,331.56, down 22.2% from RMB 154,153,469.10 in Q1 2021[19] - Research and development expenses increased to CNY 10,981,320.40 from CNY 8,160,913.60, marking a rise of about 34.7% year-over-year[20] - The company experienced a significant increase in management expenses, which rose to CNY 12,947,785.28 from CNY 11,196,287.19, reflecting a year-over-year increase of approximately 15.6%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,434[10] - The company's total equity decreased from CNY 1,090,821,264.96 in Q4 2021 to CNY 1,071,670,290.16 in Q1 2022, a decline of approximately 1.8%[28]