MDK(SH:688079)2022-04-21 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥106,345,127.77, representing a decrease of 4.64% compared to the same period last year[5] - The net profit attributable to shareholders was ¥14,889,612.37, down 45.12% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,423,868.50, a decline of 48.67% compared to the previous year[5] - Basic and diluted earnings per share were both ¥0.04, reflecting a decrease of 50.00% year-on-year[6] - Net profit for Q1 2022 was CNY 13,827,020.78, down 48.9% from CNY 27,119,407.26 in Q1 2021[23] - Basic earnings per share for Q1 2022 was CNY 0.04, compared to CNY 0.08 in Q1 2021, indicating a 50% decline[24] Cash Flow - The net cash flow from operating activities increased by 73.30% to ¥59,923,586.91[10] - In Q1 2022, the cash inflow from operating activities totaled $223.24 million, a slight increase of 2.0% compared to $217.08 million in Q1 2021[26] - The net cash flow from operating activities reached $59.92 million, up 73.6% from $34.58 million in the same period last year[26] - Total cash outflow from operating activities was $163.32 million, a decrease of 10.5% from $182.50 million in Q1 2021[26] - The company received $29.86 million in tax refunds, significantly higher than $13.32 million in the previous year, reflecting improved cash management[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,865,507,507.00, an increase of 3.14% from the end of the previous year[6] - Total assets increased to CNY 1,865,507,507.00, up from CNY 1,808,791,090.39, representing a growth of 3.1%[20] - Total liabilities rose to CNY 243,818,952.58, compared to CNY 201,249,141.30, marking an increase of 21.1%[20] - The total equity attributable to shareholders increased to CNY 1,592,798,574.45 from CNY 1,577,589,377.53, reflecting a growth of 1%[20] Research and Development - Research and development expenses totaled ¥14,086,515.22, accounting for 13.25% of operating revenue, a decrease of 6.69 percentage points year-on-year[6] - The company reported a decrease in R&D expenses to CNY 14,086,515.22 from CNY 15,838,366.28, reflecting a reduction of 11% year-over-year[23] Investments and Joint Ventures - The company reported a cash subscription of RMB 10 million for a 1.4599% stake in Beijing Lingxi Micro光科技有限公司[15] - A joint venture, Hangzhou Lingxi Meidike Display Technology Co., Ltd., was established with an initial investment of RMB 30 million, where Lingxi Micro光 holds 70% and the company holds 30%[15] - The company has invested in AR/VR/MR optical waveguide technology, leveraging its expertise in precision optics and semiconductor packaging[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,645[12] - The company has not disclosed any other significant shareholder relationships or actions among its top shareholders[14] Inventory and Fixed Assets - The company reported inventory of RMB 64,172,410.48, slightly down from RMB 65,904,060.06 at the end of 2021[18] - The company's fixed assets increased to RMB 777,436,511.80 from RMB 709,300,461.24, reflecting a growth of approximately 9.6%[18] Other Financial Metrics - The weighted average return on net assets was 0.94%, down 2.05 percentage points from the previous year[6] - The company reported non-recurring gains of ¥465,743.87 after tax[9] - The company's deferred tax assets increased to CNY 6,889,380.92 from CNY 4,757,302.49, a rise of 44.8%[20] - The company is in the process of establishing production projects for Hangzhou Lingxi Meidike, which is currently in the preparatory stage[16]