SIGLENT(SH:688112)2022-08-17 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 overall gross margin for the reporting period was 55.54%, slightly down from the previous year due to rising raw material costs[8] - 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 a growth of 6.59%[26] - The total comprehensive income for Q1 2022 was ¥19,902,699.35, up from ¥18,821,729.06 in Q1 2021, indicating a growth 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 a 38.03% increase compared to the previous year, accounting for 14.84% of operating revenue[6][9] - New high-end products launched in 2021, such as the SSA5000 series, saw a revenue increase of 180.66% year-on-year[8] - 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 37.8% compared to CNY 7,299,964.36 in Q1 2021[26] Cash Flow and Liquidity - The cash flow from operating activities was negative at -¥4,186,396.68, indicating a significant decline of 704.62%[5] - Cash received from operating activities increased by 570.19% due to higher interest income and government subsidies received[12] - Cash inflows from operating activities for Q1 2022 totaled ¥87,571,356.27, compared to ¥71,178,103.43 in Q1 2021, marking an increase of approximately 23.0%[29] - The net cash flow from operating activities for Q1 2022 was -¥4,186,396.68, worsening from -¥520,296.43 in Q1 2021[29] - The company's cash and cash equivalents stood at CNY 1,280,108,758.18, showing a slight decrease from CNY 1,281,557,401.11 in the previous quarter[20] - The cash and cash equivalents at the end of Q1 2022 amounted to ¥1,274,137,599.35, slightly down from ¥1,280,838,432.60 at the beginning of the period[30] - The company experienced a net cash outflow of CNY 1,816,270.06 in Q1 2022, compared to a net outflow of CNY 3,687,290.26 in Q1 2021, indicating an improvement in cash flow management[37] Expenses and Liabilities - Sales expenses rose by 58.76% as the company increased marketing investments and faced rising freight costs[12] - Management expenses surged by 118.81% due to the inclusion of audit and intermediary fees in this year's expenses[12] - Financial expenses decreased significantly by 6,538.43% due to increased interest income from idle raised funds[12] - Tax expenses increased by 47.77% due to higher profits from subsidiaries subject to a higher tax rate[12] - 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] - 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 66,227,271.10 in Q1 2022 from CNY 83,874,796.84 in Q1 2021, indicating a reduction of approximately 21.2%[33] Market and Growth Strategy - The company experienced a 36% year-on-year increase in order intake, with domestic and international markets growing by approximately 35% and 36%, respectively[7] - The average sales price of products priced above ¥10,000 saw a 49% increase in order intake, with revenue growth of 35.52%[7] - The company plans to expand its workforce, expecting a 67% increase in total personnel by June 2022 compared to the end of 2020[9] - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[28]