Smartgiant(SH:688115)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥54,923,916.83, representing a year-on-year increase of 72.27%[3] - The net profit attributable to shareholders was ¥15,848,238.93, with a significant increase due to the rise in revenue[8] - The net profit after deducting non-recurring gains and losses was ¥12,211,080.66, reflecting the overall profit growth during the reporting period[8] - Operating profit for Q1 2022 was ¥18,086,507.65, recovering from a loss of ¥1,612,135.95 in Q1 2021[20] - Net profit for Q1 2022 was ¥15,848,238.93, compared to a net loss of ¥1,463,465.44 in the same period last year[21] - Basic and diluted earnings per share for Q1 2022 were both ¥0.32, a turnaround from a loss of ¥0.03 per share in Q1 2021[22] - The company's total comprehensive income for Q1 2022 was ¥15,759,487.91, compared to ¥1,833,694.52 in Q1 2021, marking a growth of about 759.5%[31] Cash Flow - The net cash flow from operating activities was -¥24,925,693.64, indicating a cash outflow during the period[3] - Cash inflow from operating activities totaled ¥32,744,998.73, up from ¥20,593,657.42 in Q1 2021[23] - The company experienced a net cash flow from operating activities of -¥18,202,184.79 in Q1 2022, an improvement from -¥41,943,541.56 in Q1 2021[33] - The net cash flow from investing activities was CNY -4,855,523.30, compared to CNY -42,189,261.77 in Q1 2021, indicating a significant reduction in cash outflow[24] - The net cash flow from financing activities was CNY 976,791,351.69, a substantial increase from CNY 23,382,834.10 in the previous year[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,360,748,616.77, an increase of 266.44% compared to the end of the previous year[4] - The equity attributable to shareholders reached ¥1,320,914,915.05, marking a 302.41% increase from the previous year[4] - The company's total assets amounted to ¥1,360,748,616.77, a significant increase from ¥371,337,769.10 on December 31, 2021[15] - The total liabilities decreased to ¥39,833,701.72 in Q1 2022 from ¥43,086,169.33 in Q1 2021[20] - The total liabilities as of March 31, 2022, were CNY 101,037,805.24, compared to CNY 96,776,065.13 at the end of 2021[27] Research and Development - The total R&D investment amounted to ¥11,512,502.40, which accounted for 20.96% of operating revenue, a decrease of 15.72 percentage points compared to the previous year[4] - Research and development expenses for Q1 2022 were ¥11,512,502.40, slightly down from ¥11,694,421.03 in Q1 2021[20] - The company's R&D expenses for Q1 2022 were CNY 7,983,396.75, slightly higher than CNY 7,361,208.37 in Q1 2021[30] Inventory and Receivables - Accounts receivable increased to ¥202,420,618.65 from ¥159,850,292.50, reflecting a growth of approximately 26.6% year-over-year[15] - The company's inventory rose to ¥45,039,080.16, up from ¥33,635,068.25, marking an increase of approximately 33.8%[15] - The company reported a significant increase in other receivables, which rose to ¥1,125,717.70 from ¥1,005,394.22, reflecting a growth of about 12%[15] Government Support - The company received government subsidies amounting to ¥3,852,302.75, contributing to the overall financial performance[6] Future Outlook - The company has not disclosed any new product developments or market expansion strategies during this reporting period[13] - There were no significant mergers or acquisitions reported in the first quarter of 2022[13] - The company has not provided specific future guidance or outlook for the upcoming quarters[13]