HARSON(SH:603958)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥202,605,631.94, representing a decrease of 17.59% compared to the same period last year [5] - The net profit attributable to shareholders was -¥33,080,705.32, a decline of 481.12% year-on-year [5] - The basic earnings per share for the period was -¥0.149, reflecting a decrease of 472.50% compared to the previous year [6] - Total revenue for Q1 2022 was CNY 202,605,631.94, a decrease of 17.5% compared to CNY 245,836,589.92 in Q1 2021 [17] - Net loss for Q1 2022 was CNY 33,082,189.69, compared to a net profit of CNY 8,675,762.99 in Q1 2021 [18] - In Q1 2022, the total comprehensive income attributable to the parent company was -33,080,705.32 RMB, compared to 8,679,887.90 RMB in Q1 2021, indicating a significant decline [19] - The basic and diluted earnings per share for Q1 2022 were both -0.149 RMB, down from 0.040 RMB in Q1 2021 [19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,068,098,956.34, down 8.02% from the end of the previous year [6] - Total assets as of March 31, 2022, were CNY 1,068,098,956.34, down from CNY 1,161,169,653.15 at the end of 2021 [16] - Current assets decreased to CNY 878,615,026.98 from CNY 960,650,077.19 at the end of 2021, reflecting a decline of approximately 8.5% [16] - Cash and cash equivalents were CNY 374,523,566.81, down from CNY 386,156,668.54 at the end of 2021 [16] - Accounts receivable decreased significantly to CNY 65,223,682.63 from CNY 121,563,662.14, indicating a reduction of about 46.3% [16] - Total liabilities decreased to CNY 145,544,749.25 from CNY 206,996,352.69, a reduction of approximately 29.6% [16] - The company’s equity attributable to shareholders decreased to CNY 922,542,405.81 from CNY 954,160,014.81, reflecting a decline of about 3.3% [16] Cash Flow - The company reported a net cash flow from operating activities of -¥18,689,222.17, which is not applicable for comparison [5] - Cash inflow from operating activities totaled 294,144,879.61 RMB in Q1 2022, an increase of 15.4% from 254,971,114.50 RMB in Q1 2021 [22] - Cash outflow from operating activities was 312,834,101.78 RMB in Q1 2022, compared to 275,981,614.79 RMB in Q1 2021, resulting in a net cash flow from operating activities of -18,689,222.17 RMB [22] - The net cash flow from investing activities was 9,377,314.24 RMB in Q1 2022, a recovery from -34,813,772.11 RMB in Q1 2021 [22] - Cash inflow from financing activities was 40,000,000.00 RMB in Q1 2022, with cash outflow totaling 42,321,127.02 RMB, leading to a net cash flow from financing activities of -2,321,127.02 RMB [23] - The ending cash and cash equivalents balance for Q1 2022 was 374,523,566.81 RMB, a decrease from 354,237,748.64 RMB in Q1 2021 [23] - The company received 1,434,733.91 RMB in tax refunds during Q1 2022, compared to only 27.95 RMB in Q1 2021 [22] - The company reported a cash inflow of 10,000,000.00 RMB from investment recoveries in Q1 2022, down from 20,000,000.00 RMB in Q1 2021 [22] - The company’s total cash and cash equivalents decreased by 11,633,101.73 RMB in Q1 2022, compared to a decrease of 55,822,799.39 RMB in Q1 2021 [23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,015 [10] - The largest shareholder, Zhenxing International Co., Ltd., held 65.27% of the shares [10] Capital Changes - The company approved a capital reduction for its subsidiary, reducing registered capital from ¥75 million to ¥50 million [12] Research and Development - The company reported a significant increase in research and development expenses to CNY 307,055.62 from CNY 110,814.29 in Q1 2021 [18] Return on Equity - The weighted average return on equity was -3.53%, a decrease of 4.42 percentage points year-on-year [6]