Kingsoft Office(SH:688111)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 868,145,318.07, representing a year-on-year increase of 12.26%[2] - The net profit attributable to shareholders was RMB 250,781,948.53, a decrease of 18.42% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was RMB 201,405,478.53, down 21.78% year-on-year[2] - Total operating revenue for Q1 2022 was $868.15 million, an increase of 12.25% compared to $773.35 million in Q1 2021[19] - Net profit for Q1 2022 was $255.61 million, a decrease of 21.93% from $327.35 million in Q1 2021[20] - The company reported a total comprehensive income of $254.27 million for Q1 2022, compared to $327.83 million in Q1 2021[21] Research and Development - The total R&D investment reached RMB 305,480,154.28, an increase of 49.29% year-on-year, accounting for 35.19% of operating revenue, up 8.73 percentage points[3] - R&D expenses in Q1 2022 reached $305.48 million, representing a 49.25% increase from $204.62 million in Q1 2021[19] Revenue Streams - The domestic individual office service subscription business revenue was RMB 425,930, with a year-on-year increase of 36.72%[5] - The domestic institutional subscription and service business revenue was RMB 144,770, showing a significant growth of 78.72% year-on-year[5] Profitability Metrics - The gross profit margin for the reporting period was 87%, and the net profit margin attributable to shareholders was 29%[4] - Basic earnings per share for Q1 2022 were $0.544, down from $0.667 in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was RMB 153,488,735.85, a decrease of 32.76% year-on-year, primarily due to increased employee compensation expenses[9] - Cash inflow from operating activities for Q1 2022 was approximately ¥1.07 billion, an increase of 19.4% compared to ¥896.14 million in Q1 2021[22] - Cash outflow from operating activities totaled ¥916.71 million, up 37.2% from ¥667.87 million in the same period last year[22] - The ending cash and cash equivalents balance was approximately ¥996.71 million, down from ¥2.49 billion at the end of Q1 2021[23] - The company reported a decrease in cash and cash equivalents by ¥254.64 million during the quarter, contrasting with an increase of ¥1.49 billion in the same quarter last year[23] Assets and Liabilities - The total assets at the end of the reporting period were RMB 10,701,665,087.77, an increase of 2.65% compared to the end of the previous year[3] - Total assets as of March 31, 2022, amounted to approximately CNY 10.70 billion, an increase from CNY 10.43 billion as of December 31, 2021, reflecting a growth of about 2.6%[16] - The total liabilities amounted to $2.62 billion, slightly down from $2.65 billion in the previous period[19] - The total equity attributable to shareholders increased to $8.01 billion from $7.72 billion year-over-year[19] Changes in Financial Position - Cash and cash equivalents decreased to approximately CNY 999.31 million from CNY 1.25 billion, representing a decline of about 20.2% year-over-year[15] - Trade receivables increased to approximately CNY 466.03 million, up from CNY 411.53 million, indicating a growth of approximately 13.2%[15] - Contract liabilities rose to approximately CNY 1.56 billion, compared to CNY 1.42 billion, marking an increase of about 10%[16] - Non-current assets totaled approximately CNY 2.01 billion, up from CNY 1.73 billion, reflecting a growth of about 15.6%[16] - The company reported a decrease in inventory from CNY 2.30 million to CNY 1.68 million, a decline of approximately 26.8%[15] - The total current liabilities decreased slightly to approximately CNY 2.24 billion from CNY 2.27 billion, a reduction of about 1.2%[16] - The company’s long-term lease liabilities increased to approximately CNY 81.71 million from CNY 74.72 million, an increase of about 9.9%[16] Other Notable Information - The company has not disclosed any new product developments or market expansion strategies during this reporting period[14] - There are no significant changes in shareholder relationships or actions noted in the report[12] - The company has implemented new accounting standards starting in 2022, which may affect financial reporting and analysis going forward[23]