PIESAT(SH:688066)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥195,354,935.49, representing a year-on-year increase of 179.26%[6] - The net loss attributable to shareholders of the listed company was ¥49,561,361.18, with a basic earnings per share of -¥0.27[6] - Total operating revenue for Q1 2022 reached ¥195,354,935.49, a significant increase from ¥69,954,520.61 in Q1 2021, representing a growth of approximately 179.5%[34] - Net loss for Q1 2022 was ¥49,576,364.68, compared to a net loss of ¥45,081,583.95 in Q1 2021, reflecting a decline in profitability[40] - The company reported a basic earnings per share of -0.27 for Q1 2022, consistent with the previous year[40] Research and Development - The total R&D investment amounted to ¥46,150,677.18, which is an increase of 40.48% compared to the previous year, accounting for 23.62% of operating revenue[6] - The company experienced a decrease of 23.34 percentage points in the proportion of R&D investment to operating revenue compared to the previous year[9] - Research and development expenses in Q1 2022 amounted to ¥46,150,677.18, up from ¥32,851,789.23 in Q1 2021, marking an increase of approximately 40.5%[38] - The company plans to strengthen its R&D capabilities and expand its market presence through strategic investments and partnerships[16] Cash Flow and Liquidity - The net cash flow from operating activities was -¥384,299,935.23, primarily due to increased salary expenses and marketing network investments[9] - As of March 31, 2022, the company's cash and cash equivalents amounted to ¥471,106,102.58, a decrease of 53.7% from ¥1,017,749,040.72 on December 31, 2021[28] - In Q1 2022, cash inflow from operating activities totaled approximately $221.79 million, up from $159.78 million in Q1 2021, representing a year-over-year increase of about 38.8%[44] - Cash outflow from operating activities increased significantly to approximately $606.09 million in Q1 2022, compared to $293.83 million in Q1 2021, marking an increase of about 106.5%[44] - The net cash flow from operating activities was negative at approximately -$384.30 million in Q1 2022, worsening from -$134.05 million in Q1 2021[44] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,455,354,938.55, a decrease of 0.29% from the end of the previous year[6] - The equity attributable to shareholders of the listed company was ¥2,217,757,665.75, down 1.94% from the previous year[6] - Current liabilities totaled ¥981,102,921.52, an increase from ¥962,935,631.07, representing a rise of 1.7%[32] - The company's total liabilities increased to ¥2,062,205,843.04, up from ¥1,925,871,349.75, indicating a rise of 7.1%[32] - The company's total equity decreased to ¥1,393,149,095.51 from ¥1,539,383,173.00, a decline of 9.5%[32] Shareholder Information - The top ten shareholders held a total of 6,745 shares, with the largest shareholder owning 18.84% of the shares[17] - The total equity attributable to shareholders of the parent company decreased to ¥2,217,757,665.75 from ¥2,261,672,854.76, a decline of about 1.9%[34] Other Financial Metrics - The company reported non-operating income and expenses totaling -¥2,616,984.29, with significant impacts from various non-recurring items[12] - The deferred income tax liabilities increased to ¥4,828,842.61 from ¥4,190,298.15, reflecting a rise of approximately 15.2%[34] - The company incurred sales expenses of ¥50,386,755.16 in Q1 2022, compared to ¥23,786,185.32 in Q1 2021, representing an increase of about 111.4%[38] - Other comprehensive income after tax for Q1 2022 was -¥68,427.83, contrasting with a gain of ¥56,041.22 in Q1 2021[40]