东来技术(688129) - 2022 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2022 was CNY 76,476,430.92, representing a decrease of 19.92% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 11,027,121.07, down 41.14% year-on-year[5] - Net profit excluding non-recurring gains and losses decreased by 60.57% to CNY 7,231,082.24[5] - Basic and diluted earnings per share were both CNY 0.09, down 43.75% year-on-year[5] - Total revenue for Q1 2022 was CNY 76,476,430.92, a decrease of 20% compared to CNY 95,495,368.63 in Q1 2021[17] - Net profit for Q1 2022 was CNY 11,027,121.07, a decline of 41% from CNY 18,733,747.82 in Q1 2021[19] - Basic and diluted earnings per share for Q1 2022 were CNY 0.09, down from CNY 0.16 in Q1 2021[19] Cash Flow and Assets - Operating cash flow turned negative at CNY -23,380,974.24, a decline of 451.36% compared to the previous year[5] - The company's cash and cash equivalents decreased significantly from ¥665,335,459.00 to ¥60,548,254.09, indicating a reduction of about 90.9%[14] - The total cash and cash equivalents at the end of Q1 2022 were CNY 60,548,254.09, down from CNY 91,468,231.23 at the end of Q1 2021[24] - The company’s cash flow from operating activities turned negative, contrasting with a positive cash flow of CNY 6,654,368.94 in Q1 2021[22] - The company reported a significant increase in cash paid for purchasing goods and services, totaling CNY 87,812,327.96, compared to CNY 60,764,700.77 in the previous year[22] - The company’s cash flow challenges are reflected in the overall net decrease in cash and cash equivalents of -CNY 604,787,204.91 for the quarter[24] Research and Development - R&D expenses totaled CNY 5,790,028.97, accounting for 7.57% of revenue, an increase of 1.04 percentage points[6] - Research and development expenses were CNY 5,790,028.97 in Q1 2022, down from CNY 6,235,456.70 in Q1 2021, indicating a potential shift in R&D focus[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 983,700,618.69, a decrease of 1.45% from the end of the previous year[6] - Total assets decreased to CNY 983,700,618.69 in Q1 2022 from CNY 998,179,453.09 in Q1 2021[16] - Total liabilities decreased to CNY 106,769,803.91 in Q1 2022 from CNY 134,383,324.84 in Q1 2021[16] - Non-current liabilities totaled CNY 3,818,377.35 in Q1 2022, slightly up from CNY 3,755,364.55 in Q1 2021[16] Market and Strategic Direction - The decline in profits was primarily attributed to the outbreak of COVID-19 in Shanghai and rising raw material prices[7] - The company increased inventory reserves significantly due to rising procurement costs[7] - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - There are no significant changes in the company's strategic direction or mergers and acquisitions mentioned in the report[12] Shareholder Information - The company has a major shareholder, Shanghai Donglai Technology Co., Ltd., holding 44.46% of shares, and another significant shareholder, Zhu Zhongmin, holding 17.27%[10] - The company reported a total of 1,500,000 shares lent out through margin trading as of the reporting period[11] Financial Performance - The weighted average return on equity was 1.28%, a decrease of 1.08 percentage points[5] - The company reported a financial expense of CNY -513,379.75 in Q1 2022, an improvement from CNY -968,784.78 in Q1 2021[18] - Deferred tax assets were CNY 5,077,197.09 in Q1 2022, a decrease from CNY 5,572,034.82 in Q1 2021, reflecting changes in tax strategy[16]