SHUHUA SPORTS(SH:605299)2022-04-21 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 277,592,621.57, representing a decrease of 13.74% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was CNY 13,282,711.10, an increase of 4.30% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 10,782,865.92, down by 12.17% compared to the previous year[6]. - Total revenue for Q1 2022 was CNY 277.59 million, a decrease of 13.73% compared to CNY 321.81 million in Q1 2021[18]. - Net profit for Q1 2022 reached CNY 13.28 million, representing an increase of 4.30% from CNY 12.74 million in Q1 2021[19]. - Total operating revenue for Q1 2022 was CNY 210,756,481.92, a decrease of 27.7% compared to CNY 291,579,405.99 in Q1 2021[28]. - Net profit for Q1 2022 was CNY 976,970.96, down 65.8% from CNY 2,857,803.52 in Q1 2021[29]. Cash Flow - The net cash flow from operating activities was negative at CNY -53,445,435.23, indicating a significant cash outflow[6]. - Cash received from sales of goods and services decreased to CNY 327,515,374.30 in Q1 2022, down 16.4% from CNY 391,931,409.54 in Q1 2021[21]. - Total cash outflow from operating activities was CNY 383,694,325.23, compared to CNY 440,954,520.19 in the previous year, indicating a reduction of 13.0%[22]. - Cash flow from investing activities showed a net outflow of -CNY 46,371,587.10 in Q1 2022, an improvement from -CNY 114,659,075.04 in Q1 2021[22]. - Cash flow from financing activities resulted in a net inflow of CNY 29,508,378.58, contrasting with a net outflow of -CNY 114,803,032.26 in the same quarter of the previous year[23]. - The ending cash and cash equivalents balance as of March 31, 2022, was CNY 128,629,018.04, down from CNY 149,303,439.37 at the end of 2021[23]. - Operating cash flow for Q1 2022 showed a net outflow of CNY 30,608,728.97, an improvement from a net outflow of CNY 46,224,566.03 in Q1 2021[31]. - Cash inflow from operating activities was CNY 300,132,406.12 in Q1 2022, down from CNY 368,933,033.03 in Q1 2021[31]. - Cash outflow for operating activities totaled CNY 330,741,135.09 in Q1 2022, compared to CNY 415,157,599.06 in Q1 2021[31]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,765,383,010.21, a decrease of 2.60% from the end of the previous year[7]. - The company's total assets as of March 31, 2022, were CNY 1.77 billion, a decrease from CNY 1.81 billion at the end of 2021[15]. - Current assets totaled CNY 891.14 million, down from CNY 925.00 million at the end of 2021[15]. - Total liabilities decreased to CNY 467.43 million from CNY 527.88 million in the previous year[16]. - Total assets increased to CNY 1,542,014,543.08 in Q1 2022, up from CNY 1,515,531,170.52 in Q1 2021[27]. - Total liabilities rose to CNY 437,767,206.74 in Q1 2022, compared to CNY 412,273,590.41 in Q1 2021[27]. Shareholder Information - The equity attributable to shareholders of the listed company was CNY 1,297,949,824.18, reflecting an increase of 1.03% compared to the previous year[7]. - The total number of ordinary shareholders at the end of the reporting period was 19,908[10]. - Basic and diluted earnings per share remained stable at CNY 0.03 for both Q1 2022 and Q1 2021[20]. Research and Development - Research and development expenses for Q1 2022 were CNY 8.00 million, slightly up from CNY 7.44 million in Q1 2021[19]. - Research and development expenses for Q1 2022 were CNY 5,653,067.40, a decrease from CNY 6,917,495.35 in Q1 2021[28]. Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[19]. - The company reported a decrease in gross profit margin due to higher operating costs, impacting overall profitability[28].