Aofu Environmental Tech(SH:688021)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥55,566,314.31, a decrease of 38.68% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥9,926,677.22, down 62.92% year-on-year[2]. - Basic earnings per share were ¥0.13, a decrease of 62.86% compared to the same period last year[2]. - The company experienced a significant decline in heavy commercial vehicle sales, contributing to the overall revenue drop[7]. - Total operating revenue for Q1 2022 was ¥55,566,314.31, a decrease of 38.7% compared to ¥90,621,884.17 in Q1 2021[17]. - Net profit for Q1 2022 was ¥9,656,097.45, a decline of 62.9% from ¥26,036,028.91 in Q1 2021[18]. - The company's revenue for Q1 2022 was CNY 71,592,208.02, a decrease of 23.9% compared to CNY 94,080,689.02 in Q1 2021[27]. - The net profit for Q1 2022 was CNY 11,650,881.07, down 53.8% from CNY 25,253,676.94 in Q1 2021[28]. - The company reported a total comprehensive income of CNY 11,650,881.07 for Q1 2022, compared to CNY 25,253,676.94 in Q1 2021[29]. Cash Flow and Investments - The net cash flow from operating activities was -¥13,365,142.31, an increase of 42.06% compared to the previous year[2]. - Cash flow from operating activities for Q1 2022 was negative at -¥13,365,142.31, an improvement from -¥23,068,738.17 in Q1 2021[21]. - The company reported a net cash outflow from investing activities of CNY 58,843,228.54 in Q1 2022, contrasting with a net inflow of CNY 116,459,770.55 in Q1 2021[22]. - The company incurred a net cash outflow from investing activities of CNY -1,699,754.01 in Q1 2022, a decrease from a net inflow of CNY 106,608,492.61 in Q1 2021[31]. - The company’s cash flow from financing activities showed a net inflow of CNY 69,780,451.38 in Q1 2022, compared to CNY 36,424,770.27 in Q1 2021[22]. - Cash inflow from financing activities in Q1 2022 was CNY 50,146,617.75, compared to CNY 34,745,902.87 in Q1 2021, indicating a growth of approximately 44%[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,529,547,246.67, a 6.88% increase from the end of the previous year[3]. - Total current liabilities increased to ¥462,794,471.86 from ¥433,608,519.79, an increase of 6.99%[14]. - Long-term borrowings increased to ¥69,959,900.00 from ¥9,959,900.00, a significant increase of 600.00%[14]. - The total liabilities as of Q1 2022 were ¥566,039,802.80, an increase from ¥477,199,052.73 in the previous year[15]. - The total assets as of March 31, 2022, amounted to CNY 1,355,842,957.86, an increase from CNY 1,309,322,373.14 as of December 31, 2021[26]. - The total liabilities increased to CNY 398,501,802.82 from CNY 363,632,099.17 year-over-year[26]. Research and Development - Research and development expenses totaled ¥7,716,169.63, representing 13.89% of operating revenue, an increase of 7.87 percentage points year-on-year[3]. - Research and development expenses increased to ¥7,716,169.63 in Q1 2022, up from ¥5,454,987.04 in Q1 2021, reflecting a focus on innovation[18]. - Research and development expenses rose to CNY 4,107,785.42 in Q1 2022, compared to CNY 2,398,868.90 in Q1 2021, reflecting a 71.2% increase[28]. - The company plans to accelerate the development of new products and production processes, as indicated by the increase in R&D investment[7]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,460[10]. - The top three shareholders hold a combined total of 30,367,254 shares, representing 37.00% of total shares[10].