Baolande(SH:688058)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 63,003,695.98, representing a year-on-year increase of 90.61%[5] - Net profit attributable to shareholders was CNY 14,217,126.91, showing a significant increase of 428.17% compared to the same period last year[5] - The basic earnings per share for the period was CNY 0.36, reflecting a growth of 414.29% year-on-year[6] - The net profit after deducting non-recurring gains and losses was CNY 12,313,165.10, also reflecting a substantial increase of 428.21%[5] - The net profit attributable to the parent company increased from RMB 4.35 million to RMB 14.22 million, representing a significant growth of 226.3%[15] - The net profit after deducting non-recurring gains and losses rose from RMB 3.75 million to RMB 12.31 million, marking an increase of 228.3%[15] - Net profit for Q1 2022 reached CNY 13,724,820.81, compared to CNY 2,761,676.64 in Q1 2021, representing a growth of 396.5%[26] - The company reported a total comprehensive income of CNY 13,724,820.81 for Q1 2022, compared to CNY 2,761,676.64 in Q1 2021, marking a significant increase[26] Research and Development - Research and development expenses totaled CNY 18,765,914.57, which is an increase of 49.44% compared to the previous year[6] - The company reported a decrease in the proportion of R&D expenses to operating revenue, which was 29.79%, down by 8.20 percentage points[6] - Research and development expenses for Q1 2022 totaled CNY 18,765,914.57, an increase of 49.3% from CNY 12,557,864.77 in Q1 2021[25] - Research and development expenses for Q1 2022 were ¥11,566,120.87, an increase of 31.5% from ¥8,807,169.91 in Q1 2021[33] Cash Flow and Liquidity - Cash flow from operating activities was negative at CNY -40,364,950.67, primarily due to a decrease in accounts receivable collections[6] - Cash flow from operating activities in Q1 2022 was negative at CNY -40,364,950.67, compared to CNY -14,957,219.82 in Q1 2021[27] - The net cash flow from investment activities was -¥13,125,350.96, a decrease from a positive cash flow of ¥21,583,749.58 in the previous year[28] - The company's cash and cash equivalents at the end of Q1 2022 were ¥606,957,230.21, down from ¥661,648,739.26 at the beginning of the quarter[28] - The net cash flow from operating activities was negative at ¥26.51 million for Q1 2022, worsening from a negative ¥17.21 million in Q1 2021[37] - The company reported a total cash outflow of ¥66.95 million from operating activities in Q1 2022, up from ¥56.98 million in Q1 2021, representing an increase of 17.5%[37] Assets and Liabilities - The total assets at the end of the reporting period were CNY 991,741,524.06, a slight decrease of 0.06% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 991.74 million, slightly down from RMB 992.33 million at the end of 2021[20] - Current liabilities decreased to RMB 16.86 million from RMB 31.95 million, a reduction of 47.3%[20] - The total liabilities as of Q1 2022 amounted to CNY 25,243,675.80, a decrease from CNY 39,554,419.59 in the previous year[25] - The total liabilities decreased to ¥17,010,281.38 in Q1 2022 from ¥30,523,887.17 at the end of 2021, indicating improved financial health[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,762[12] - Total equity attributable to shareholders reached CNY 966,615,492.51, compared to CNY 952,398,365.60 in Q1 2021, showing a slight increase of 1.3%[25] - The total equity increased to ¥1,018,660,449.34 as of March 31, 2022, from ¥992,320,444.58 at the end of 2021[32] Compliance and Reporting - The company plans to enhance management and improve information disclosure quality to avoid discrepancies in future reports[16] - The company has acknowledged the need for stricter compliance with legal regulations to ensure accurate financial reporting[16] - The financial data for this period is unaudited, and investors are advised to be cautious regarding investment risks[17] Sales and Expenses - Total operating costs for Q1 2022 were CNY 54,347,817.96, up from CNY 33,801,318.04 in Q1 2021, reflecting a year-over-year increase of 60.7%[25] - Sales expenses for Q1 2022 were CNY 29,889,631.02, up from CNY 17,991,731.10 in Q1 2021, indicating a rise of 66.5%[25] - The company received ¥30.20 million from sales of goods and services in Q1 2022, down from ¥33.30 million in Q1 2021, a decline of 9.3%[36] - The company paid ¥35.95 million in employee-related cash payments in Q1 2022, which is an increase of 56.5% compared to ¥22.96 million in Q1 2021[37] Other Information - The company did not report any new product launches or significant market expansion strategies during the quarter[38]