BOMIN ELECTRONICS(SH:603936)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥660,894,177, a decrease of 5.55% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥40,586,196.25, down 12.84% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥31,632,130.77, reflecting a decline of 26.06%[5]. - The basic earnings per share were ¥0.08, a decrease of 11.11% compared to the previous year[5]. - Total operating revenue for Q1 2022 was ¥660,894,177, a decrease of 5.5% compared to ¥699,702,046.93 in Q1 2021[18]. - Net profit for Q1 2022 was ¥40,891,879.70, a decline of 12.0% from ¥46,567,449.92 in Q1 2021[19]. - The company reported a decrease in comprehensive income to ¥39,865,107.44 in Q1 2022 from ¥48,278,079.95 in Q1 2021[19]. - The total operating profit for Q1 2022 was negative CNY 3.39 million, worsening from negative CNY 1.11 million in Q1 2021[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,584,915,096, an increase of 0.51% from the end of the previous year[6]. - The total current liabilities were RMB 2,517,216,212.78, compared to RMB 2,745,626,781.68 at the end of 2021, showing a reduction of about 8.3%[13]. - Total liabilities as of Q1 2022 were ¥2,913,386,397.74, slightly down from ¥2,920,019,528.56 in Q1 2021[18]. - Total liabilities decreased slightly to 2,069,584,889.48 RMB from 2,080,794,334.95 RMB year-over-year[27]. Cash Flow - The net cash flow from operating activities was negative at -¥43,185,942.53, which is not applicable for comparison[5]. - Net cash flow from operating activities was -43,185,942.53 RMB, compared to -36,537,793.77 RMB in the previous year, indicating a decline in operational cash flow[22]. - Total cash inflow from investment activities was 86,708,012.30 RMB, while cash outflow was 356,121,306.41 RMB, resulting in a net cash flow from investment activities of -269,413,294.11 RMB[22]. - Cash inflow from financing activities amounted to 433,110,869.50 RMB, with cash outflow of 220,999,713.28 RMB, leading to a net cash flow from financing activities of 212,111,156.22 RMB[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 31,495[10]. - The largest shareholder, Xu Huan, held 70,661,419 shares, representing 13.83% of the total shares[10]. - The company reported a repurchase account holding of 7,625,100 shares, accounting for 1.49% of the total share capital as of March 31, 2022[12]. Research and Development - Research and development expenses for Q1 2022 were ¥31,577,048.39, up 5.8% from ¥29,809,021.84 in Q1 2021[18]. - Research and development expenses increased to CNY 15.89 million in Q1 2022, up from CNY 14.60 million in Q1 2021, indicating a rise of 8.8%[28]. Inventory and Receivables - Accounts receivable stood at RMB 946,767,095.72, down from RMB 1,162,628,748.86, indicating a decrease of about 18.6%[13]. - Inventory increased to RMB 618,815,585.99, up from RMB 531,800,807.88, representing a growth of approximately 16.3%[13]. - The company reported a decrease in inventory to 323,617,746.41 RMB from 338,375,818.12 RMB year-over-year[25]. Long-term Investments and Borrowings - The company's long-term equity investments were valued at RMB 110,032,214.24, slightly up from RMB 107,251,470.82[14]. - The company’s long-term borrowings increased to ¥460,372,161.17 in Q1 2022 from ¥245,878,450.00 in Q1 2021[18]. - The company’s long-term borrowings increased to 321,192,000.00 RMB from 205,878,450.00 RMB year-over-year[27]. Management and Strategy - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[12]. - There are no significant changes in the company's management or operational strategies noted in the report[12].