BLEST(SH:603959)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 334,787,989.25, representing a year-on-year increase of 65.99%[5] - The net profit attributable to shareholders was CNY 30,754,740.66, with a slight increase of 2.49% compared to the same period last year[5] - The company reported a net loss of RMB 149,767,528.48, an improvement from a loss of RMB 180,247,813.32 in the previous period[17] - Total operating revenue for Q1 2022 reached RMB 334.79 million, a significant increase of 66.0% compared to RMB 201.69 million in Q1 2021[18] - Net profit for Q1 2022 was RMB 30.61 million, representing a 5.3% increase from RMB 29.06 million in Q1 2021[19] - Operating profit for Q1 2022 was RMB 34.28 million, slightly down by 0.2% from RMB 34.33 million in Q1 2021[19] - The company’s total comprehensive income for Q1 2022 was RMB 30.77 million, compared to RMB 29.54 million in Q1 2021, reflecting a growth of 4.2%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -16,260,910.74, reflecting a significant decrease of 176.76%[5] - Cash flow from operating activities showed a net outflow of RMB 16.26 million in Q1 2022, compared to a net inflow of RMB 21.18 million in Q1 2021[23] - Cash and cash equivalents at the end of Q1 2022 totaled RMB 207.56 million, down from RMB 237.80 million at the beginning of the quarter[24] - The company's cash and cash equivalents decreased to RMB 334,223,011.48 from RMB 402,239,831.50[15] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 3,258,877,445.41, an increase of 1.98% from the end of the previous year[6] - Total liabilities as of March 31, 2022, were RMB 2,553,503,306.60, compared to RMB 2,518,843,728.42 at the end of 2021[17] - The company's total assets as of March 31, 2022, amounted to RMB 3,258,877,445.41, an increase from RMB 3,195,739,288.08 at the end of 2021[16] - The total equity attributable to shareholders of the parent company was RMB 679,966,915.77, up from RMB 649,491,735.11[17] Operational Metrics - Operating costs increased by 51.33%, corresponding to the rise in revenue[8] - Total operating costs for Q1 2022 were RMB 323.32 million, up 42.3% from RMB 227.27 million in Q1 2021[18] - Research and development expenses for Q1 2022 were RMB 16.18 million, a decrease of 12.8% from RMB 18.57 million in Q1 2021[19] - The company incurred credit impairment losses of RMB 7.37 million in Q1 2022, a significant decrease from RMB 54.68 million in Q1 2021[19] Shareholder Information - Total number of common shareholders at the end of the reporting period was 14,212[11] - The largest shareholder, Tibet Xinhai New Venture Capital Co., Ltd., holds 147,304,350 shares, accounting for 30.04% of total shares[12] Accounts Receivable and Inventory - Accounts receivable increased by 115.46% due to an increase in bank bills pledged for payment[8] - The company's inventory rose by 23.82%, attributed to the increase in unbilled amounts for completed projects[8] - Accounts receivable increased to RMB 497,494,469.33 from RMB 532,828,755.01[15] - The company’s inventory increased to RMB 304,616,356.64 from RMB 246,019,478.98[15] Other Income - The company received government subsidies amounting to CNY 1,758,653.67, contributing to a significant increase in other income[7] - The company reported a 943.96% increase in non-operating income due to government subsidies received during the period[8]