SIGLENT(SH:688112)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥67,910,991.30, representing a year-on-year increase of 3.96%[5] - Net profit attributable to shareholders was ¥20,047,193.14, reflecting a year-on-year growth of 6.59%[5] - The total operating revenue for Q1 2022 was CNY 67,910,991.30, an increase of 3.99% compared to CNY 65,325,176.17 in Q1 2021[25] - Net profit for Q1 2022 reached CNY 20,047,193.14, compared to CNY 18,807,812.72 in Q1 2021, representing an increase of 6.59%[26] - The total comprehensive income for Q1 2022 was ¥19,902,699.35, compared to ¥18,821,729.06 in Q1 2021, indicating an increase of about 5.7%[27] - The basic and diluted earnings per share for Q1 2022 were both ¥0.19, down from ¥0.24 in Q1 2021, reflecting a decrease of 20.8%[27] Research and Development - The total R&D investment amounted to ¥10,076,227.45, which is an increase of 38.03% compared to the previous year[6] - The proportion of R&D investment to operating revenue increased to 14.84%, up by 3.66 percentage points year-on-year[6] - R&D expenses grew by 38.03% as the company continued to increase its investment in research and development[12] - Research and development expenses for Q1 2022 were CNY 10,076,227.45, an increase of 37.76% from CNY 7,299,964.36 in Q1 2021[26] Cash Flow and Liquidity - The cash flow from operating activities showed a significant decline, with a net outflow of ¥4,186,396.68, a decrease of 704.62%[5] - Cash inflows from operating activities for Q1 2022 totaled ¥87,571,356.27, up from ¥71,178,103.43 in Q1 2021, marking an increase of approximately 23.1%[29] - Cash outflows from operating activities for Q1 2022 were ¥91,757,752.95, compared to ¥71,698,399.86 in Q1 2021, resulting in a net cash flow from operating activities of -¥4,186,396.68, worsening from -¥520,296.43 in Q1 2021[29] - The cash and cash equivalents at the end of Q1 2022 were ¥1,274,137,599.35, slightly down from ¥1,280,838,432.60 at the beginning of the period[30] Expenses and Costs - Sales expenses rose by 58.76% as the company increased marketing investments and faced rising shipping costs[12] - Management expenses surged by 118.81% due to the inclusion of audit and intermediary fees in this year's expenses[12] - Tax expenses increased by 47.77% due to higher profits from subsidiaries subject to a higher tax rate[12] - Total operating costs for Q1 2022 were CNY 48,114,936.50, up from CNY 46,244,672.74 in Q1 2021, reflecting a year-over-year increase of 4.03%[25] Assets and Liabilities - The total assets as of Q1 2022 amounted to CNY 1,472,611,168.56, slightly up from CNY 1,469,728,259.37 at the end of Q1 2021[21] - Current liabilities decreased to CNY 50,021,207.47 in Q1 2022 from CNY 68,100,616.00 in Q1 2021, a reduction of 26.54%[21] - The total liabilities decreased to CNY 61,349,023.76 in Q1 2022 from CNY 78,368,813.92 in Q1 2021, a decline of 21.73%[22] - The total liabilities decreased to CNY 66,227,271.10 in Q1 2022 from CNY 83,874,796.84 in Q1 2021, reflecting a reduction of approximately 21.2%[33] Market Performance - The average sales price of products priced above ¥10,000 saw a year-on-year increase in order amount of approximately 49%, with revenue growth of 35.52%[7] - The company experienced a 36% year-on-year increase in order amounts, with domestic and international markets growing by approximately 35% and 36%, respectively[7] - New high-end products launched in 2021 saw a revenue increase of 180.66%, while the 2GHz 12bit high-resolution digital oscilloscope series launched in 2020 experienced a 103.86% revenue growth[8] Workforce and Personnel - The company plans to expand its workforce in R&D and marketing, expecting a 67% increase in total personnel by June 2022 compared to the end of 2020[9]