Delinhai(SH:688069)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥44,559,962.71, representing a decrease of 61.33% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥3,083,310.85, down 92.31% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was -¥565,958.80, a decline of 101.58% compared to the previous year[5]. - The basic and diluted earnings per share were both ¥0.05, reflecting a decrease of 92.54% compared to the same period last year[6]. - Total operating revenue for Q1 2022 was ¥44,559,962.71, a decrease of 61.3% compared to ¥115,236,789.04 in Q1 2021[28]. - Net profit for Q1 2022 was ¥3,083,310.85, a decline of 92.3% from ¥40,117,087.16 in Q1 2021[29]. - Basic and diluted earnings per share for Q1 2022 were both ¥0.05, compared to ¥0.67 in Q1 2021[30]. - Total operating costs for Q1 2022 were ¥41,747,757.88, down 38.9% from ¥68,363,595.84 in Q1 2021[28]. Cash Flow - The net cash flow from operating activities was -¥13,099,147.08, indicating a significant cash outflow[5]. - In Q1 2022, the net cash flow from operating activities was -13.0991 million yuan, an increase of 63.3562 million yuan compared to the same period last year, indicating significant improvement in operating cash flow[17]. - The company reported a significant increase in cash flow from operating activities, indicating improved liquidity despite lower revenue[31]. - The net cash flow from operating activities was -$13,099,147.08, an improvement from -$76,455,359.32 in the previous year[32]. - The total cash outflow from operating activities was $158,313,932.23, compared to $137,644,570.60 last year[32]. - The company reported a total cash inflow from operating activities of $145,214,785.15, an increase from $61,189,211.28 year-over-year[32]. - The company experienced a net increase in cash and cash equivalents of -$112,674,049.39, compared to -$39,142,149.26 in the previous year[33]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,733,807,950.36, a decrease of 5.70% from the end of the previous year[6]. - The total assets as of March 31, 2022, amounted to 1.7338 billion yuan, a decrease from 1.8386 billion yuan at the end of 2021[23]. - The company's current liabilities totaled approximately 243.783 million yuan, down from 351.987 million yuan at the end of 2021[25]. - The company's total assets and shareholders' equity as of Q1 2022 were ¥1,733,807,950.36 and ¥1,489,545,023.29 respectively[28]. Research and Development - Research and development expenses totaled ¥3,585,079.75, down 43.90% year-on-year, while the R&D expense ratio to operating revenue increased by 2.50 percentage points to 8.05%[6]. - Research and development expenses for Q1 2022 were ¥3,585,079.75, a decrease of 43.5% from ¥6,390,393.54 in Q1 2021[28]. Challenges and Market Conditions - The decline in revenue and profit was primarily due to project structural differences and delays caused by the pandemic, affecting project acceptance and revenue recognition[10]. - The company faced challenges such as rising raw material prices and increased labor costs, which contributed to the higher decline in net profit compared to revenue[10]. - The first quarter is typically a low season for business, further exacerbating the revenue decline due to seasonal fluctuations[16]. - The company expects overall stable growth in its main business for the first half of the year despite challenges from the pandemic[18]. Business Development - The company plans to continue expanding its "whole lake governance" business and increase market share in 2022[17]. - The company signed new orders totaling approximately 120 million yuan in 2022, with significant contracts including the Wuxi Zhangqiao Port project and the Hefei Baohua District project[21]. - The company received project payments of 142.2027 million yuan in Q1 2022, a year-on-year increase of 84.4147 million yuan, representing a growth rate of 146.08% due to the successful completion of the first phase of the Xingyun Lake project[17]. - As of the report date, the company had an order backlog of approximately 740 million yuan, including contracts for various water quality improvement projects[20].