HYC(SH:688001)2022-04-27 16:00Revenue and Profit - Revenue for Q1 2022 reached ¥373,294,608.50, an increase of 32.14% compared to the same period last year[5] - Net profit attributable to shareholders was ¥40,862,057.17, reflecting a growth of 44.92% year-over-year[5] - Basic and diluted earnings per share were both ¥0.09, representing a 50.00% increase year-over-year[5] - Total operating revenue for Q1 2022 was CNY 373,294,608.50, an increase of 32.2% compared to CNY 282,490,532.70 in Q1 2021[33] - Net profit for Q1 2022 reached CNY 40,862,057.17, representing a 45.0% increase from CNY 28,196,464.55 in Q1 2021[37] - The total comprehensive income for the period attributable to the parent company was CNY 39,645,436.99, compared to CNY 27,739,465.89 in the previous period, representing an increase of approximately 43.0%[39] Research and Development - R&D investment totaled ¥82,008,095.62, accounting for 21.97% of revenue, a decrease of 0.46 percentage points from the previous year[7] - Research and development expenses for Q1 2022 amounted to CNY 82,008,095.62, compared to CNY 63,358,770.86 in Q1 2021, indicating a rise of 29.4%[33] - Future outlook includes continued investment in R&D to drive innovation and market expansion, although specific targets were not detailed in the conference call[33] Cash Flow and Liquidity - The net cash flow from operating activities was -¥110,046,011.29, a decline of 366.15% compared to the same period last year[5] - Cash inflow from operating activities totaled CNY 510,827,560.91, up from CNY 438,183,590.07, indicating an increase of about 16.6%[43] - Cash outflow from operating activities rose to CNY 620,873,572.20 from CNY 396,836,421.11, resulting in a net cash flow from operating activities of CNY -110,046,011.29, compared to CNY 41,347,168.96 previously[43] - Cash inflow from investment activities was CNY 646,551,595.96, significantly higher than CNY 1,359,442.07 in the prior period[43] - The net cash flow from investment activities improved to CNY 44,749,214.51 from CNY -111,864,358.30, marking a substantial turnaround[43] - Cash inflow from financing activities amounted to CNY 245,000,000.00, with a net cash flow from financing activities of CNY 216,757,089.48[45] - The ending balance of cash and cash equivalents increased to CNY 1,265,769,471.46 from CNY 858,708,545.18, reflecting a growth of approximately 47.4%[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,115,562,056.88, a slight decrease of 0.67% from the end of the previous year[7] - The total liabilities decreased to CNY 1,537,162,921.88 from CNY 1,618,455,597.93, a reduction of 5.0%[31] - The total equity attributable to shareholders increased to CNY 3,578,399,135.00 from CNY 3,531,738,015.87, marking a growth of 1.3%[31] - The total current assets decreased to ¥3,363,208,089.01 from ¥3,440,444,560.91, reflecting a decline of about 2.3%[27] - The company's inventory increased to ¥625,920,296.22 from ¥494,746,022.14, indicating a rise of approximately 26.5%[27] - The total non-current assets increased to ¥1,752,353,967.87 from ¥1,709,749,052.89, showing a growth of about 2.5%[27] - The company reported accounts receivable of ¥1,046,989,475.63, down from ¥1,086,897,199.01, which is a decrease of about 3.7%[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,957[16] - The company has a significant shareholder, Suzhou Yuanhua Chuangxing Investment Management Co., holding 52.57% of shares[18] - The company has a total of 10 major shareholders, with the top three holding a combined 72.82% of shares[18] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 338,728,582.11, up from CNY 259,986,204.24 in Q1 2021, reflecting a growth of 30.2%[33] - The company reported a significant increase in sales expenses, which rose to CNY 32,211,755.86 from CNY 29,819,773.24, reflecting a growth of 8.0%[33] - The company reported a significant increase in cash paid for purchasing goods and services, which rose to CNY 403,645,838.28 from CNY 253,533,003.68, indicating a growth of about 59.1%[43] Dividend Policy - The company has maintained a consistent dividend policy, although specific dividend amounts were not disclosed in the report[31] Other Information - The company has not disclosed any new product or technology developments in the recent earnings call[22] - The company's cash and cash equivalents were not explicitly mentioned, but the overall financial health appears stable with a focus on reducing liabilities[31] - The weighted average return on equity was 0.75%, down by 0.14 percentage points compared to the previous year[5] - Non-recurring gains and losses amounted to ¥13,951,665.50, primarily due to increased government subsidies[12]