Arcvideo Tech(SH:688039)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥68,025,462.96, representing a year-on-year increase of 10.16%[2] - The net profit attributable to shareholders was -¥14,991,442.72, with a basic and diluted earnings per share of -¥0.19[2] - The decline in net profit was primarily due to increased R&D investments in new products and industries[7] - Total operating revenue for Q1 2022 was CNY 68,025,462.96, an increase of 10.3% compared to CNY 61,750,472.22 in Q1 2021[18] - The net loss for Q1 2022 was CNY 14,991,442.72, compared to a net profit of CNY 1,442,686.38 in Q1 2021[20] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.19, down from CNY 0.02 in Q1 2021[20] Research and Development - Research and development expenses totaled ¥25,132,554.16, accounting for 36.95% of operating revenue, an increase of 5.53 percentage points compared to the previous year[3] - R&D expenses increased to CNY 25,132,554.16 in Q1 2022, compared to CNY 19,400,787.37 in Q1 2021, reflecting a growth of 29.4%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,890,406,609.50, reflecting a 5.21% increase from the end of the previous year[3] - Total liabilities for Q1 2022 were CNY 371,572,237.83, compared to CNY 264,721,698.74 in Q1 2021, representing a growth of 40.4%[16] - Non-current assets totaled CNY 536,279,877.17 in Q1 2022, up from CNY 315,398,029.18 in Q1 2021[16] Cash Flow - The company reported a net cash flow from operating activities of -¥93,222,534.37[2] - In Q1 2022, cash inflow from operating activities was $102,410,864.29, a significant increase from $49,202,854.05 in Q1 2021, representing a growth of approximately 108%[23] - Cash outflow from operating activities totaled $195,633,398.66 in Q1 2022, compared to $118,722,159.78 in Q1 2021, indicating an increase of about 65%[23] - The net cash flow from operating activities was -$93,222,534.37 in Q1 2022, worsening from -$69,519,305.73 in Q1 2021[23] - Cash inflow from investment activities was $102,793,796.95 in Q1 2022, down from $225,346,036.69 in Q1 2021, a decline of approximately 54%[24] - Cash outflow from investment activities reached $224,842,459.87 in Q1 2022, compared to $594,165,878.93 in Q1 2021, a decrease of about 62%[24] - The net cash flow from investment activities was -$122,048,662.92 in Q1 2022, an improvement from -$368,819,842.24 in Q1 2021[24] - Cash inflow from financing activities was $96,050,000.00 in Q1 2022, with cash outflow totaling $794,701.38, resulting in a net cash flow of $95,255,298.62[24] - The ending cash and cash equivalents balance was $494,773,627.28 in Q1 2022, compared to $375,980,370.55 in Q1 2021, reflecting an increase of approximately 31.5%[24] Shareholder Information - Total number of common shareholders at the end of the reporting period was 7,138[10] - The largest shareholder, Dalian Hongchang Enterprise Management Partnership, holds 12,596,340 shares, accounting for 15.68% of total shares[10] - The number of shares held by the top ten shareholders includes significant stakes from Dalian Hongtu and Dalian Hongshi, indicating concentrated ownership[11] - The company has not disclosed any related party transactions among its top shareholders[11] Other Financial Metrics - The weighted average return on net assets was -0.98%[2] - Non-recurring gains and losses amounted to ¥489,631.81, with government subsidies included[5] - The company did not audit the financial statements for this quarter[2] - Total current assets decreased to ¥1,354,126,732.33 from ¥1,481,436,637.07[14] - Long-term equity investments were reported at ¥10,000,001.00, with no previous figures available[14] - The company has ongoing construction projects valued at ¥205,436,590.10, up from ¥95,969,587.06[14] - Accounts receivable amounted to ¥339,687,674.80, a decrease from ¥357,843,605.42 in the previous period[14] - Inventory increased to ¥115,031,282.81 from ¥60,890,380.18, indicating a significant rise in stock levels[14]