SNC Net(SH:605398)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 129,465,389.87, representing a year-on-year increase of 30.06%[4] - The net profit attributable to shareholders was CNY 10,247,228.11, showing a decrease of 4.90% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,998,473.70, down 13.30% year-on-year[4] - Basic and diluted earnings per share were both CNY 0.17, reflecting a decrease of 15.00% compared to the previous year[4] - The company reported a net profit margin of approximately 9.4% for Q1 2022, compared to 13.4% in Q1 2021[14] - The total profit for Q1 2022 was ¥12,210,174.72, a decrease from ¥13,323,405.97 in Q1 2021, representing a decline of approximately 8.34%[15] - The net profit for Q1 2022 was ¥10,257,057.44, down from ¥10,806,680.04 in Q1 2021, indicating a decrease of about 5.08%[15] - The basic and diluted earnings per share for Q1 2022 were both ¥0.17, compared to ¥0.20 in Q1 2021, reflecting a decline of 15%[15] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -103,935,940.31, which is not applicable for year-on-year comparison[4] - Cash inflow from operating activities in Q1 2022 was ¥98,206,240.25, an increase from ¥87,143,503.29 in Q1 2021, marking a growth of approximately 12.5%[17] - Cash outflow from operating activities in Q1 2022 totaled ¥202,142,180.56, compared to ¥174,388,277.56 in Q1 2021, which is an increase of about 15.93%[17] - The net cash flow from operating activities for Q1 2022 was -¥103,935,940.31, worsening from -¥87,244,774.27 in Q1 2021[17] - The company reported a net cash outflow from investing activities of -¥258,744,444.00 in Q1 2022, compared to -¥521,037.84 in Q1 2021[18] - The net cash flow from financing activities in Q1 2022 was ¥7,935,597.72, a significant decrease from ¥517,202,484.77 in Q1 2021[18] - The ending cash and cash equivalents balance for Q1 2022 was ¥542,463,935.77, down from ¥773,617,287.16 in Q1 2021, indicating a decrease of approximately 29.8%[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,189,875,477.29, a decrease of 5.23% from the end of the previous year[4] - Cash and cash equivalents as of March 31, 2022, were ¥542,607,269.83, down 39.6% from ¥897,431,534.96 at the end of 2021[12] - Total assets as of March 31, 2022, amounted to ¥1,189,875,477.29, a decrease of 5.2% from ¥1,255,499,510.18 at the end of 2021[13] - Total liabilities as of March 31, 2022, were ¥203,216,987.31, down 27.2% from ¥279,098,077.64 at the end of 2021[13] - The company’s total equity as of March 31, 2022, was ¥986,658,489.98, an increase of 1.3% from ¥976,401,432.54 at the end of 2021[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,019[9] - The equity attributable to shareholders increased slightly by 1.05% to CNY 986,374,443.32 compared to the end of the previous year[4] Operational Insights - The increase in operating revenue was primarily due to the company's digital transformation strategy and successful acquisition of benchmark client projects[8] - Total operating costs for Q1 2022 were ¥119,197,052.53, up 35.5% from ¥87,886,915.50 in Q1 2021[14] - Operating profit for Q1 2022 was ¥12,210,512.05, a decrease of 8.3% from ¥13,323,405.97 in Q1 2021[14] - Research and development expenses for Q1 2022 were ¥21,363,066.18, an increase of 41.4% from ¥15,100,782.21 in Q1 2021[14] - Inventory as of March 31, 2022, was ¥70,033,805.56, a decrease of 14.3% from ¥81,716,567.45 at the end of 2021[12] - The company did not report any new product launches or significant market expansion strategies during this quarter[15]