TIP Group(SH:605255)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥76,534,826.20, representing a decrease of 10.13% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥9,943,656.78, down 47.85% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥7,866,988.43, a decline of 55.34% compared to the previous year[5]. - Basic and diluted earnings per share were both ¥0.07, reflecting a decrease of 50% compared to the same period last year[6]. - Net profit for Q1 2022 was ¥9,943,656.78, down 47.9% from ¥19,065,613.86 in Q1 2021[23]. - Earnings per share for Q1 2022 was ¥0.07, compared to ¥0.14 in Q1 2021, reflecting a 50% decrease[24]. Cash Flow - The net cash flow from operating activities was ¥2,479,637.28, a significant drop of 92.07% year-on-year[5]. - Cash inflow from operating activities totaled ¥102,614,859.12 in Q1 2022, down from ¥119,667,349.64 in Q1 2021, a decline of 14.3%[25]. - Cash received from sales of goods and services was ¥96,254,386.61 in Q1 2022, compared to ¥119,510,138.62 in Q1 2021, a decrease of 19.4%[25]. - The cash outflow from operating activities was 100,135,221.84, an increase of 13.5% compared to 88,387,070.12 in the previous year[26]. - The total cash and cash equivalents at the end of the period were 21,771,151.12, down 87.4% from 173,692,036.03 year-over-year[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥995,186,096.44, down 2.38% from the end of the previous year[6]. - Total current assets decreased from RMB 401,357,130.15 to RMB 352,592,107.17, a decline of approximately 12.1%[18]. - Total non-current assets increased from RMB 618,136,929.45 to RMB 642,593,989.27, an increase of about 3.9%[18]. - The total liabilities amounted to ¥109,240,531.38 as of Q1 2022, down from ¥143,486,353.96 in the previous year[19]. - Total equity attributable to shareholders was ¥885,945,565.06 in Q1 2022, an increase from ¥876,007,705.64 in Q1 2021[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,672[14]. - Zhejiang Tianpu Holdings Co., Ltd. holds 75,360,000 shares, accounting for 56.21% of total shares[14]. - The top ten shareholders collectively hold a significant portion of shares, with the largest shareholder, You Jianyi, holding 12,000,000 shares or 8.95%[14]. Operating Costs and Expenses - Total operating costs increased to ¥69,216,843.74 in Q1 2022, up from ¥67,387,963.60 in Q1 2021, representing a rise of 2.7%[21]. - Research and development expenses were ¥6,481,213.77 in Q1 2022, down from ¥7,165,686.08 in Q1 2021, a reduction of 9.6%[21]. - Financial expenses in Q1 2022 were ¥146,484.23, compared to a financial income of ¥428,812.05 in Q1 2021[21]. Other Income and Changes - Other income saw a significant increase of 243.24%, primarily due to government subsidies related to income received during the reporting period[11]. - Contract liabilities increased by 1116.12%, indicating a rise in customer prepayments[11]. - The company has no significant new product or technology developments reported in the current quarter[16]. - There are no significant mergers or acquisitions reported during the reporting period[16].