Hoymiles(SH:688032)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 228,950,861.61, representing a year-on-year increase of 95.53%[4] - The net profit attributable to shareholders of the listed company reached RMB 87,248,325.28, up 175.23% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 85,056,423.91, reflecting a 174.88% increase year-on-year[4] - Basic and diluted earnings per share were both RMB 2.18, an increase of 105.66% year-on-year[5] - Operating profit for Q1 2022 was ¥99,993,441.65, up from ¥35,726,375.88 in Q1 2021, representing an increase of 179.5%[21] - Net profit for Q1 2022 was ¥87,248,325.28, compared to ¥31,699,794.69 in Q1 2021, marking an increase of 175.5%[21] - The total comprehensive income for Q1 2022 was ¥87,248,325.28, compared to ¥31,699,794.69 in Q1 2021, indicating strong overall performance[22] Cash Flow - The net cash flow from operating activities was RMB 29,314,957.73, showing a significant increase of 2,000.29% compared to the previous year[5] - Cash flow from operating activities was ¥179,704,707.00 in Q1 2022, compared to ¥125,635,256.36 in Q1 2021, showing a growth of 43.1%[23] - The total cash outflow for operating activities was $225,434,545.01, compared to $154,032,865.73 in the previous period, indicating increased operational expenditures[25] - The company received $254,749,502.74 in cash inflows from operating activities, compared to $155,428,623.68 in the previous period, showing a growth of approximately 63.9%[25] - The company paid $35,935,465.87 in taxes, which is a significant increase from $12,282,083.01 in the previous period, indicating higher tax obligations[25] Assets and Liabilities - Total assets at the end of the reporting period were RMB 6,473,396,032.17, a slight increase of 0.79% from the end of the previous year[5] - As of March 31, 2022, the total assets of the company amounted to ¥6,473,396,032.17, an increase from ¥6,422,963,999.88 at the end of 2021[15] - The company's current assets totaled ¥6,283,663,871.66, slightly up from ¥6,237,481,810.45 in the previous year[16] - The total liabilities decreased to ¥400,869,540.17 from ¥437,685,833.16, showing a reduction of approximately 8.4%[17] - The company's equity remained stable at ¥40,000,000.00, unchanged from the previous year[17] Research and Development - R&D investment totaled RMB 11,622,433.04, which accounted for 5.08% of operating revenue, a decrease of 1.05 percentage points year-on-year[5] - Research and development expenses for Q1 2022 were ¥11,622,433.04, an increase from ¥7,176,210.73 in Q1 2021, indicating a focus on innovation[19] Market Strategy - The company plans to continue expanding its domestic and international market presence, contributing to the increase in sales scale[9] Other Financial Information - The company reported a financial income of -¥20,535,555.99 in Q1 2022, a significant change from a financial expense of ¥1,343,030.47 in Q1 2021[19] - The company received government subsidies related to its normal business operations, amounting to RMB 1,462,292.07[6] - The company has no significant related party transactions disclosed in the report[13] - The company did not provide any specific guidance or outlook for future performance in the conference call[14]