AVE(SH:688067)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥46,075,955.93, representing a decrease of 2.46% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥5,838,880.44, down 11.17% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥4,059,432.08, a decline of 27.08% compared to the previous year[6]. - The basic earnings per share (EPS) was ¥0.09, reflecting a decrease of 30.77% year-on-year[7]. - In Q1 2022, the company's net profit was CNY 5,838,880.44, a decrease of 11.2% compared to CNY 6,573,200.38 in Q1 2021[22]. - The total comprehensive income for Q1 2022 was CNY 5,836,557.12, a decrease from CNY 6,566,645.85 in Q1 2021[22]. - The company reported a tax expense of CNY 239,002.90 in Q1 2022, down from CNY 421,607.38 in Q1 2021, indicating a decrease of 43.3%[21]. Research and Development - Research and development (R&D) expenses totaled ¥6,117,372.00, an increase of 11.70% from the previous year, accounting for 13.28% of operating revenue, up 1.69 percentage points[7]. - Research and development expenses rose to CNY 6,117,372.00 in Q1 2022, compared to CNY 5,476,814.49 in Q1 2021, marking an increase of 11.7%[21]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥2,965,689.40, indicating significant changes in cash flow dynamics[6]. - Cash and cash equivalents decreased to CNY 69,912,698.66 from CNY 228,283,712.91 as of December 31, 2021, representing a decline of 69.4%[16]. - The company reported a net cash outflow from operating activities of CNY -2,965,689.40 in Q1 2022, an improvement from CNY -10,916,337.35 in Q1 2021[24]. - The company generated CNY 51,689,439.55 in cash from sales in Q1 2022, an increase of 25.8% from CNY 41,060,534.70 in Q1 2021[24]. - Investment activities resulted in a net cash outflow of CNY -155,404,537.56 in Q1 2022, compared to a net inflow of CNY 16,330,965.03 in Q1 2021[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥544,623,374.05, a decrease of 0.55% from the end of the previous year[7]. - Total current assets amounted to CNY 348,277,622.52, slightly down from CNY 353,432,220.35, a decrease of 1.5%[16]. - Total liabilities decreased to CNY 60,666,747.23 from CNY 70,030,706.64, a decline of 13.5%[18]. - Total assets as of March 31, 2022, were CNY 544,623,374.05, down from CNY 547,610,359.66, a decrease of 0.5%[18]. - Non-current assets increased to CNY 196,345,751.53 from CNY 194,178,139.31, an increase of 1.1%[17]. - Total equity attributable to shareholders increased to CNY 483,956,626.82 from CNY 477,579,653.02, an increase of 1.8%[18]. - Inventory increased to CNY 46,407,323.90 from CNY 43,597,527.41, an increase of 6.4%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,111[12]. - The company reported a total of 10 major shareholders, with the largest shareholder holding 1,700,000 shares[14].