RAYNEN(SH:603933)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 526,824,705.80, representing a year-on-year increase of 9.34%[5] - The net profit attributable to shareholders was CNY 23,000,425.63, showing a decline of 18.00% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 20,649,193.84, down 20.16% year-on-year[5] - Basic and diluted earnings per share were both CNY 0.1091, reflecting a decrease of 21.74% year-on-year[5] - Net profit for Q1 2022 was CNY 23.89 million, a decrease of 12.93% from CNY 27.26 million in Q1 2021[15] - The company reported a decrease in comprehensive income to CNY 23.12 million in Q1 2022, compared to CNY 28.74 million in Q1 2021, a decline of 19.49%[16] Cash Flow - The net cash flow from operating activities was negative at CNY -18,131,252.79, a decrease of 210.65% compared to the previous year[5] - In Q1 2022, the cash inflow from operating activities was CNY 502,681,288.10, an increase of 13.5% compared to CNY 442,723,190.33 in Q1 2021[17] - The total cash outflow from operating activities was CNY 520,812,540.89, compared to CNY 426,336,411.91 in Q1 2021, reflecting a 22.1% increase[18] - Cash inflow from investment activities totaled CNY 270,726,667.99, up from CNY 211,744,737.54 in Q1 2021, marking a 27.8% increase[18] - The net cash flow from investment activities was CNY -6,774,173.70, compared to a positive CNY 6,058,402.55 in Q1 2021[18] - Cash inflow from financing activities was CNY 157,636,560.28, an increase from CNY 139,672,000.00 in the previous year[18] - The net cash flow from financing activities improved to CNY 41,994,922.14, compared to CNY 17,991,088.33 in Q1 2021[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,056,492,305.03, an increase of 4.35% from the end of the previous year[5] - The company's total assets increased to CNY 2.06 billion in Q1 2022, compared to CNY 1.97 billion in Q1 2021, marking a growth of 4.88%[13] - Total liabilities rose to CNY 867.87 million in Q1 2022, up from CNY 811.74 million in Q1 2021, indicating a year-over-year increase of 6.91%[13] - The total current assets as of March 31, 2022, amounted to RMB 1,664,492,965.60, an increase from RMB 1,589,981,808.98 as of December 31, 2021, reflecting a growth of approximately 4.7%[11] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 1,168,181,481.75, up 2.59% from the end of the previous year[5] - The total equity attributable to shareholders increased to CNY 1.17 billion in Q1 2022, compared to CNY 1.14 billion in Q1 2021, showing a growth of 3.88%[13] - The total equity held by the largest shareholder, Ruineng Industrial Co., Ltd., is 64.21%, with a total shareholding of 135,394,736 shares[10] - The company reported a total of 12,525,264 shares held by Pingtan Jierun Equity Investment Management Partnership, accounting for 5.94% of the total shares[10] Expenses - Research and development expenses increased by 88.05% to CNY 27,031,685.69, primarily due to increased staff compensation and equity incentive costs[7] - The company reported a significant increase in sales expenses, which rose by 50.04% to CNY 31,568,711.94, attributed to higher employee compensation and costs from merged subsidiaries[7] Future Outlook - The company is exploring new product development and market expansion strategies to enhance growth prospects in the upcoming quarters[10] - Future performance guidance will be provided in subsequent reports, focusing on operational efficiency and market competitiveness[10]