KSHG(SH:605333)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥750,158,873.36, representing an increase of 84.46% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥7,051,353.02, showing a slight decrease of 1.98% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,008,271.56, down by 21.04% compared to the previous year[5]. - Total operating revenue for Q1 2022 was $750.16 million, a significant increase from $406.67 million in Q1 2021, representing an 84.4% growth[32]. - Net profit for Q1 2022 was $7.05 million, slightly down from $7.19 million in Q1 2021, indicating a decrease of 2.0%[34]. - The total profit for Q1 2022 was $7.01 million, down from $7.99 million in Q1 2021, a decrease of 12.4%[34]. - The basic earnings per share for Q1 2022 remained stable at $0.02, unchanged from Q1 2021[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,075,649,760.67, an increase of 5.17% from the end of the previous year[8]. - As of March 31, 2022, total assets reached RMB 3,075,649,760.67, an increase from RMB 2,924,346,684.37 at the end of 2021, reflecting a growth of approximately 5.2%[26]. - Total liabilities amounted to RMB 2,317,304,214.44, up from RMB 2,172,961,394.02, indicating an increase of about 6.6%[28]. - The company's equity attributable to shareholders reached RMB 758,345,546.23, up from RMB 751,385,290.35, indicating a growth of about 0.9%[28]. - The company's total liabilities to total assets ratio was approximately 75.4% as of March 31, 2022, compared to 74.4% at the end of 2021[28]. Cash Flow - The company reported a net cash flow from operating activities of -¥3,886,890.80, indicating a negative cash flow situation[5]. - Cash flow from operating activities in Q1 2022 was negative at -$3.89 million, an improvement from -$95.57 million in Q1 2021[38]. - Total cash inflow from operating activities in Q1 2022 was $668.67 million, compared to $310.07 million in Q1 2021, an increase of 115.5%[38]. - Net cash flow from investing activities was -137,609,917.75, a decrease of 46,716,726.95 compared to the previous period[39]. - Cash inflow from financing activities totaled 265,000,000.00, an increase of 125,056,003.57 compared to the previous period[39]. - The net increase in cash and cash equivalents was 7,595,384.28, contrasting with a decrease of 17,302,797.05 in the previous period[39]. - The ending balance of cash and cash equivalents reached 44,811,607.44, up from 16,051,104.35 in the previous period[39]. Expenses - The company's management expenses rose by 48.64% as a result of the need to recruit mid-to-senior level management personnel[11]. - Research and development expenses rose to $32.02 million in Q1 2022, up from $27.43 million in Q1 2021, marking an increase of 16.5%[32]. - Total operating costs in Q1 2022 were $746.77 million, compared to $401.21 million in Q1 2021, reflecting an increase of 85.9%[32]. Other Financial Metrics - The weighted average return on equity was 0.93%, which increased by 0.01 percentage points[5]. - The company recorded non-recurring gains of ¥2,043,081.46, primarily from government subsidies and other income[9]. - Other comprehensive income after tax for Q1 2022 was -$91.10 million, slightly better than -$96.55 million in Q1 2021[34]. - The company experienced a significant increase in accounts receivable financing, up by 310.41% due to unendorsed bank acceptance bills[11]. - Accounts receivable increased to RMB 1,136,560,256.49 from RMB 1,108,635,125.47, showing a rise of about 2.5%[23]. - Short-term borrowings rose to RMB 773,059,713.40, compared to RMB 660,997,747.85, reflecting an increase of approximately 16.9%[26]. - The company's current assets totaled RMB 1,951,389,902.17, compared to RMB 1,898,367,687.43 as of December 31, 2021, representing a growth of approximately 2.8%[23]. - Cash and cash equivalents were reported at RMB 233,047,128.64, an increase from RMB 221,279,579.91 year-over-year[23]. - The company reported a decrease in inventory to RMB 403,740,827.69 from RMB 410,222,454.37, indicating a decline of about 1.2%[23]. - The non-current assets totaled RMB 1,124,259,858.50, an increase from RMB 1,025,978,996.94, reflecting a growth of approximately 9.6%[26].