XUELONG(SH:603949)2022-04-27 16:00Financial Performance - Revenue for Q1 2022 was CNY 77,398,802.16, a decrease of 39.34% compared to the same period last year[6] - Net profit attributable to shareholders was CNY 17,774,981.89, down 58.05% year-on-year[6] - Net profit after deducting non-recurring gains and losses was CNY 12,194,480.90, a decline of 68.46% compared to the previous year[6] - Basic earnings per share decreased by 60.00% to CNY 0.08[7] - Diluted earnings per share also fell by 60.00% to CNY 0.08[7] - Operating profit for Q1 2022 was CNY 20,432,498.11, down 58.1% from CNY 48,777,789.92 in the same period last year[24] - Total revenue from operating activities was CNY 82,771,581.58, a decline of 33.7% compared to CNY 124,758,237.13 in Q1 2021[24] - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[20] Cash Flow and Liquidity - Net cash flow from operating activities increased by 24.90% to CNY 24,796,396.06[6] - Cash and cash equivalents as of March 31, 2022, amounted to CNY 440,908,243.91, significantly up from CNY 73,949,772.26 on December 31, 2021[16] - The total cash and cash equivalents at the end of Q1 2022 were CNY 440,908,243.91, slightly up from CNY 437,789,731.79 at the end of Q1 2021[25] - The company reported a net cash increase of CNY 366,958,471.65 in Q1 2022, compared to CNY 322,023,072.77 in Q1 2021[25] - Investment activities generated a net cash flow of CNY 342,160,289.08, an increase of 13.2% compared to CNY 302,148,584.55 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,127,758,313.96, an increase of 1.28% from the end of the previous year[7] - Total assets as of March 31, 2022, were CNY 1,127,758,313.96, compared to CNY 1,113,462,222.00 at the end of 2021, showing a growth of 1.3%[18] - Total liabilities as of March 31, 2022, were CNY 83,230,350.12, a decrease from CNY 86,709,240.05 at the end of 2021, reflecting a decline of 4.3%[18] - Shareholders' equity as of March 31, 2022, was CNY 1,044,527,963.84, up from CNY 1,026,752,981.95 at the end of 2021, indicating an increase of 1.7%[18] - Shareholder equity attributable to shareholders was CNY 1,044,527,963.84, up 1.73% from the previous year[7] Operational Insights - The decrease in revenue and profit was primarily due to a reduction in customer orders and increased costs[10] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[20] - The company incurred tax expenses of CNY 2,463,136.03 in Q1 2022, a decrease of 61.6% from CNY 6,412,155.75 in Q1 2021[24] - Accounts receivable increased to CNY 106,648,206.81 as of March 31, 2022, compared to CNY 100,732,026.61 at the end of 2021, indicating a rise of 5.9%[16] - Inventory as of March 31, 2022, was CNY 105,147,443.61, up from CNY 94,291,307.66 at the end of 2021, representing an increase of 11.5%[16]