Willfar(SH:688100)2022-04-19 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 376,812,505.39, representing a year-on-year increase of 19.36%[7] - The net profit attributable to shareholders of the listed company was RMB 65,093,865.83, up 22.54% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 61,798,247.18, reflecting a growth of 28.27% year-on-year[7] - The basic earnings per share for the period was RMB 0.13, an increase of 18.18% compared to the same period last year[9] - Net profit for Q1 2022 reached RMB 65,165,192.13, representing a 22.67% increase from RMB 53,120,892.06 in Q1 2021[41] - Basic earnings per share for Q1 2022 were RMB 0.13, compared to RMB 0.11 in Q1 2021[43] Cash Flow - The net cash flow from operating activities was RMB 21,130,358.33, a significant increase of 319.97% compared to the previous year[9] - Cash inflow from operating activities in Q1 2022 was RMB 390,679,203.74, an increase from RMB 302,122,438.14 in Q1 2021[44] - The net cash flow from operating activities was $21,130,358.33, a significant increase from $5,031,395.49 in the previous period, reflecting improved operational efficiency[46] - Total cash outflow from operating activities amounted to $369,548,845.41, compared to $297,091,042.65 previously, indicating higher operational costs[46] - The ending balance of cash and cash equivalents was $1,434,109,310.42, slightly down from $1,408,819,003.76 previously, reflecting overall cash management strategies[46] Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,761,029,161.71, which is a 1.34% increase from the end of the previous year[9] - Total assets as of March 31, 2022, were RMB 3.761 billion, compared to RMB 3.711 billion as of December 31, 2021[35] - Current assets totaled RMB 3.279 billion as of March 31, 2022, an increase from RMB 3.244 billion as of December 31, 2021[32] - The total current liabilities amounted to RMB 1.166 billion as of March 31, 2022, compared to RMB 1.066 billion as of December 31, 2021[35] - Total liabilities as of Q1 2022 were RMB 1,191,142,911.65, compared to RMB 1,076,605,146.01 in the previous year[41] Research and Development - The total R&D investment amounted to RMB 33,730,453.87, accounting for 8.95% of operating revenue, a decrease of 1.21 percentage points year-on-year[9] - As of the reporting period, the number of R&D personnel was 373, accounting for 49.47% of the total workforce; 14 new patents were added during the reporting period, including 4 invention patents[29] - Research and development expenses for Q1 2022 totaled RMB 33,730,453.87, slightly up from RMB 32,082,267.68 in Q1 2021[41] - The company had 669 valid patents, including 101 invention patents, and participated in the formulation of 46 national and group standards[29] Contracts and Business Growth - New contracts signed from the beginning of the year to the reporting period amounted to RMB 573 million, representing a year-on-year growth of 41.08%; as of the reporting period, the total contracts on hand reached RMB 1.846 billion[29] Equity and Shareholder Information - The company's equity attributable to shareholders decreased by 2.49% to RMB 2,537,702,020.34 compared to the end of the previous year[9] - Total equity attributable to shareholders was RMB 2,537,702,020.34, down from RMB 2,602,608,154.51 in Q1 2021[41] Financial Expenses and Taxation - The company reported a financial expense of RMB -3,727,039.99 in Q1 2022, an improvement from RMB -4,550,741.59 in Q1 2021[41] - Tax payments increased to $23,907,382.01 from $17,508,430.51, suggesting higher taxable income or changes in tax obligations[46]