Bailong Chuangyuan(SH:605016)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥197,845,494.63, representing a year-on-year increase of 47.92%[5] - The net profit attributable to shareholders for Q1 2022 was ¥40,729,310.25, reflecting a significant increase of 133.38% compared to the same period last year[5] - The basic earnings per share for Q1 2022 was ¥0.32, which is an increase of 77.78% year-on-year[5] - The weighted average return on equity for Q1 2022 was 3.33%, an increase of 0.84 percentage points compared to the previous year[5] - The company reported a significant increase in net profit due to the growth in sales revenue[10] - The net profit for the first quarter of 2022 was CNY 40,729,310.25, a significant increase from CNY 17,452,181.42 in the same period of 2021, representing a growth of approximately 133.3%[32] - The total profit for the first quarter was CNY 47,916,835.59, up from CNY 20,644,171.66, marking an increase of approximately 132.1%[32] - The company reported operating income of CNY 48,231,635.35, compared to CNY 20,846,657.24 in the prior year, reflecting a growth of around 131.5%[32] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥1,340,834,962.65, showing a growth of 4.55% from the end of the previous year[8] - The equity attributable to shareholders at the end of Q1 2022 was ¥1,244,190,615.92, which is an increase of 3.38% from the previous year-end[8] - The total current assets as of March 31, 2022, amounted to RMB 856,652,161.34, compared to RMB 831,888,807.18 as of the same date in 2021, showing an increase of about 3.0%[23] - The total assets as of March 31, 2022, were RMB 1,340,834,962.65, compared to RMB 1,282,511,386.49 in 2021, indicating a growth of approximately 4.6%[28] - The total liabilities as of March 31, 2022, were RMB 96,644,346.73, compared to RMB 79,050,080.82 in 2021, reflecting an increase of about 22.3%[28] - The total equity attributable to shareholders as of March 31, 2022, was RMB 1,244,190,615.92, compared to RMB 1,203,461,305.67 in 2021, reflecting a growth of about 3.4%[28] Cash Flow - The net cash flow from operating activities for Q1 2022 was ¥5,013,787.33, indicating a decrease of 19.11% year-on-year[5] - Cash flow from operating activities generated a net amount of CNY 5,013,787.33, down from CNY 6,198,239.24 in the previous year[37] - Cash and cash equivalents at the end of the period totaled CNY 291,561,124.51, compared to CNY 117,642,200.98 at the end of the first quarter of 2021, showing an increase of approximately 147.0%[39] - The company received CNY 215,000,000.00 from investment recoveries during the quarter[37] - The total cash inflow from investment activities was CNY 218,462,102.04, significantly higher than CNY 4,372,900.00 in the previous year[37] Operating Costs - The total operating costs for Q1 2022 were RMB 149,505,995.99, up from RMB 113,676,778.11 in Q1 2021, indicating an increase of about 31.5%[28] - The operating cost specifically for Q1 2022 was RMB 118,586,748.10, compared to RMB 93,663,595.77 in Q1 2021, reflecting a rise of approximately 26.6%[28] Research and Development - Research and development expenses rose to CNY 5,254,208.04, compared to CNY 1,782,054.73 in the previous year, indicating an increase of about 194.5%[32] Non-Recurring Items - Non-recurring gains and losses for Q1 2022 amounted to ¥3,537,956.94 after tax[10] - The company incurred financial expenses of CNY -879,401.99, a decrease from CNY 424,556.98 in the previous year[32] Revenue Drivers - The increase in operating revenue was primarily driven by higher product sales and optimization of the product structure[10] - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific figures were not disclosed in the provided content[28]