CCG(SH:605099)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥681,208,503.94, representing a year-on-year increase of 27.78%[6] - The net profit attributable to shareholders of the listed company decreased by 13.80% to ¥85,295,075.11[6] - The basic earnings per share for the period was ¥0.21, down by 13.80% compared to the same period last year[8] - Operating profit for Q1 2022 was ¥87,128,013.51, compared to ¥104,540,580.93 in Q1 2021, indicating a decrease of 16.7%[36] - The net profit for Q1 2022 was ¥85,295,075.11, a decrease of approximately 13.9% compared to ¥98,954,186.54 in Q1 2021[38] - Total comprehensive income for Q1 2022 was ¥80,609,992.86, down from ¥102,272,440.44 in the same period last year, reflecting a decline of about 21.1%[38] - Revenue from sales of goods and services in Q1 2022 was ¥578,753,461.17, up from ¥463,415,804.86 in Q1 2021, marking a growth of approximately 24.8%[42] - The basic and diluted earnings per share for Q1 2022 were both ¥0.21, down from ¥0.25 in Q1 2021, reflecting a decrease of 16%[38] Cash Flow - The net cash flow from operating activities increased significantly by 425.94% to ¥38,504,442.28[6] - The net cash flow from operating activities increased significantly by 425.94%, reaching ¥38,504,442.28 compared to ¥7,321,123.95 in the same period last year[19] - The net cash flow from investing activities was negative at -¥70,548,171.88, slightly worse than -¥69,672,087.08 in the previous year, primarily due to payments for production equipment purchases[19] - The net cash flow from financing activities also turned negative at -¥1,697,408.01, compared to a positive cash flow of ¥31,726,962.63 in the same period last year, mainly due to the previous year's receipt of restricted stock proceeds[19] - Operating cash flow for Q1 2022 was ¥38,504,442.28, significantly improved from ¥7,321,123.95 in Q1 2021, indicating a growth of approximately 426.5%[42] - The company reported a net cash outflow from investing activities of ¥70,548,171.88 in Q1 2022, compared to a net outflow of ¥69,672,087.08 in Q1 2021[44] Assets and Liabilities - Total assets at the end of the period were ¥2,470,285,782.90, an increase of 2.98% from the end of the previous year[8] - Total assets increased to ¥2,470,285,782.90 in Q1 2022 from ¥2,398,875,677.46 in Q1 2021, representing a growth of 3.0%[33] - Total liabilities decreased to ¥388,886,156.26 in Q1 2022 from ¥400,073,812.40 in Q1 2021, a reduction of 2.9%[33] - The company's cash and cash equivalents decreased to ¥479,971,939.58 from ¥519,431,185.50 at the end of the previous year[27] - Cash and cash equivalents at the end of Q1 2022 stood at ¥455,414,371.07, compared to ¥401,275,271.75 at the end of Q1 2021, representing an increase of about 13.5%[44] Operational Metrics - The company's operating costs rose by 41.27% to ¥517,103,159.77, attributed to increased revenue scale and raw material price hikes[16] - Total operating costs for Q1 2022 were ¥588,296,002.50, up from ¥426,148,157.60 in Q1 2021, reflecting a 37.9% increase[36] - The total operating expenses for Q1 2022 were ¥574,699,905.51, compared to ¥490,527,113.20 in Q1 2021, indicating an increase of about 17.2%[42] - Research and development expenses for Q1 2022 were ¥18,005,400.43, slightly down from ¥18,689,816.91 in Q1 2021[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,799[20] - The largest shareholder, Wang Qiangxiang, holds 54.54% of the shares, totaling 219,517,200 shares[20] - Jiangsu Baisite Investment Group Co., Ltd. is the second-largest shareholder with 15.83%, holding 63,730,800 shares[20] Other Financial Metrics - The income tax expense decreased by 48.73%, amounting to ¥2,770,510.18, down from ¥5,403,895.97 year-over-year[19] - The weighted average return on equity decreased by 1.11 percentage points to 4.18%[8] - The company reported a significant increase in other income, which rose by 12,118.43% to ¥1,041,944.62, mainly due to the write-off of payables[16] - The company experienced a foreign exchange loss of ¥8,166,768.40 in Q1 2022, contrasting with a gain of ¥5,509,713.73 in Q1 2021[44] - The company reported a decrease in accounts payable to ¥100,683,724.29 in Q1 2022 from ¥114,373,422.87 in Q1 2021, a decline of 11.9%[33] - Deferred tax assets increased to ¥4,539,799.84 in Q1 2022 from ¥3,632,924.86 in Q1 2021, an increase of 24.9%[33]