MustangBattery(SH:605378)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥246,544,623.49, representing a decrease of 13.71% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥2,676,727.04, down 89.05% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,245,562.08, a decline of 118.67% compared to the previous year[5]. - Basic and diluted earnings per share were both ¥0.02, reflecting a decrease of 91.67%[6]. - The weighted average return on equity decreased by 3.86 percentage points to 0.24%[6]. - The significant decline in net profit was primarily due to a sharp increase in the prices of key raw materials, zinc and electrolytic manganese dioxide[10]. - The net profit for Q1 2022 was CNY 2,676,727.04, a significant decrease of 89.0% compared to CNY 24,442,301.84 in Q1 2021[22]. - Operating profit for Q1 2022 was CNY 3,229,388.84, down 88.9% from CNY 28,987,376.41 in Q1 2021[22]. - Total revenue from operating activities was CNY 273,428,018.21, a decrease from CNY 286,478,301.42 in the same period last year[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,421,326,048.78, a decrease of 0.65% from the end of the previous year[6]. - Total current assets decreased to CNY 1,122,126,712.40 from CNY 1,138,978,916.70 at the end of 2021, indicating a slight contraction in liquidity[17]. - Total liabilities as of March 31, 2022, were CNY 281,211,974.96, down from CNY 293,178,163.15 at the end of 2021, showing improved financial stability[19]. - Total assets decreased to CNY 1,421,326,048.78 from CNY 1,430,615,509.93 at the end of 2021, indicating a reduction in overall asset base[18]. Cash Flow - The company reported a net cash flow from operating activities of -¥1,057,333.26, which is not applicable due to reduced procurement during the reporting period[10]. - Cash flow from operating activities showed a net outflow of CNY 1,057,333.26, compared to a net outflow of CNY 35,314,697.38 in Q1 2021[26]. - Investment activities generated a net cash inflow of CNY 28,923,547.06, down from CNY 43,647,984.29 in the previous year[27]. - The cash and cash equivalents at the end of Q1 2022 totaled CNY 75,062,660.68, compared to CNY 26,374,637.54 at the end of Q1 2021[27]. - Cash and cash equivalents as of March 31, 2022, amounted to CNY 84,178,888.03, an increase from CNY 55,225,745.63 at the end of 2021[17]. Costs and Expenses - Total operating costs for Q1 2022 were CNY 251,231,654.56, down from CNY 257,070,102.48 in Q1 2021, reflecting a cost reduction strategy[21]. - The company reported a net profit margin decline due to increased operational costs despite a decrease in total revenue[21]. - The total tax expenses for Q1 2022 were CNY 418,155.35, a decrease from CNY 4,540,079.31 in the same period last year[22]. - Research and development expenses increased to CNY 10,211,104.82, up 17.3% from CNY 8,702,988.30 in the previous year[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,125[13]. Strategic Focus - The company is focusing on enhancing its product development and market expansion strategies to recover from the revenue decline[21]. - The company plans to invest in new technologies and product lines to drive future growth and market competitiveness[21]. Non-Recurring Gains - Non-recurring gains included government subsidies amounting to ¥2,971,551.87 and gains from entrusted investment management of ¥4,093,676.46[7]. - The company reported a significant increase in other income to CNY 2,946,551.87, compared to CNY 712,120.47 in Q1 2021[22].