Taihe(SH:605081)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 46,038,550.92, representing a year-on-year increase of 0.56%[5] - The net profit attributable to shareholders decreased by 26.10% to CNY 7,723,415.97 compared to the same period last year[5] - The basic earnings per share (EPS) was CNY 0.10, down 33.33% year-on-year[6] - The diluted EPS also stood at CNY 0.10, reflecting a 33.33% decrease from the previous year[6] - The weighted average return on equity (ROE) decreased by 45.45% to 0.42%[10] - The company's net profit for Q1 2022 is not explicitly stated but can be inferred from the operating income and costs, suggesting a positive performance trend[21] - In Q1 2022, the company's net profit was CNY 7,721,180.44, a decrease of 26.3% compared to CNY 10,450,771.05 in Q1 2021[22] - The total profit for the period was CNY 9,322,532.30, a decrease of 12.3% from CNY 10,638,070.90 in the same quarter last year[22] Revenue and Costs - Total operating revenue for Q1 2022 was RMB 46,038,550.92, a slight increase from RMB 45,783,672.86 in Q1 2021, representing a growth of 0.56%[21] - Total operating costs for Q1 2022 amounted to RMB 39,561,639.13, compared to RMB 39,122,976.86 in Q1 2021, indicating an increase of 1.12%[21] - Total revenue from operating activities was CNY 77,072,045.65, up 40.4% from CNY 54,873,846.60 in the same period last year[26] - The company's operating profit increased to CNY 9,354,445.65, compared to CNY 6,644,622.76 in Q1 2021, reflecting a growth of 40.7%[22] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -47,563,424.64, indicating a significant cash outflow[5] - The net cash flow from operating activities was negative at CNY -47,563,424.64, an improvement from CNY -87,770,043.13 in Q1 2021[26] - The company's cash and cash equivalents decreased to RMB 770,881,520.9 as of March 31, 2022, down from RMB 841,073,195.07 at the end of 2021, a decline of approximately 8.36%[17] - The cash and cash equivalents at the end of Q1 2022 were CNY 359,277,278.12, down from CNY 890,070,055.95 at the end of Q1 2021[27] - Total assets at the end of the reporting period were CNY 2,072,279,095.04, a decrease of 2.70% from the end of the previous year[6] - Total assets decreased to RMB 2,072,279,095.04 as of March 31, 2022, from RMB 2,129,796,198.29 at the end of 2021, a reduction of about 2.69%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,357[12] - The top shareholder, He Wenhui, held 22.56% of the shares, totaling 17,623,150 shares[13] Liabilities and Retained Earnings - Total liabilities decreased to RMB 225,614,974.05 as of March 31, 2022, down from RMB 290,853,257.74 at the end of 2021, indicating a decline of approximately 22.45%[19] - The company reported a slight increase in retained earnings to RMB 458,789,881.97 as of March 31, 2022, compared to RMB 451,066,466.00 at the end of 2021, an increase of about 1.62%[19] Research and Development - Research and development expenses were CNY 5,894,051.44, slightly up from CNY 5,734,261.28 in the previous year, indicating a focus on innovation[22] Inventory and Accounts Receivable - Accounts receivable as of March 31, 2022, were RMB 613,071,016.52, down from RMB 671,215,178.06 at the end of 2021, reflecting a decrease of about 8.66%[17] - Inventory increased significantly to RMB 25,266,009.35 as of March 31, 2022, compared to RMB 12,590,134.75 at the end of 2021, marking an increase of approximately 100.67%[17] Financial Expenses - The company incurred financial expenses of CNY -3,513,654.73, which is an increase in costs compared to CNY -2,281,621.84 in the previous year[22] Future Outlook - The company is focusing on improving its operational efficiency and managing costs effectively in the upcoming quarters[20]