Zhuhai (SH:688175)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥45,785,275.50, a decrease of 26.98% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥2,275,572.78, down 60.22% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was -¥8,705,121.04, reflecting a decline of 305.29%[3]. - The basic and diluted earnings per share were both ¥0.03, down 60.22% compared to the same period last year[3]. - The total profit for Q1 2022 was CNY 298,096.42, down from CNY 4,093,505.88 in the same period last year, reflecting a decline of 92.73%[16]. - Operating profit for Q1 2022 was CNY 376,192.60, significantly lower than CNY 4,093,505.88 in Q1 2021, indicating a decrease of 90.83%[16]. - In Q1 2022, the company reported a net profit of CNY 2,208,843.01, a decrease of 61.39% compared to CNY 5,721,013.70 in Q1 2021[16]. - The company reported a net loss for Q1 2022, with total costs exceeding total revenue[15]. Cash Flow and Investments - The net cash flow from operating activities was -¥46,677,494.98, a decrease of 158.06% compared to the previous year[3]. - Cash flow from operating activities in Q1 2022 was negative at CNY -46,677,494.98, compared to a positive CNY 80,390,269.11 in Q1 2021[20]. - The company generated CNY 312,763,847.59 from investment activities in Q1 2022, a substantial increase from CNY 110,135,524.71 in Q1 2021[20]. - Cash flow from financing activities yielded a net increase of CNY 1,115,542,498.54 in Q1 2022, with total cash inflow from financing activities at CNY 1,122,948,142.28[21]. - The company received CNY 27,848,810.56 in cash related to operating activities, a significant increase from CNY 3,837,624.12 in Q1 2021[20]. - Cash and cash equivalents as of March 31, 2022, were CNY 1,213,856,420.50, significantly up from CNY 263,161,416.73 as of December 31, 2021[12]. - The company's cash and cash equivalents at the end of Q1 2022 stood at CNY 1,208,177,448.76, up from CNY 249,044,670.46 at the end of Q1 2021[21]. Assets and Equity - Total assets at the end of the reporting period were ¥2,038,441,472.43, an increase of 122.12% from the end of the previous year[4]. - Total assets as of March 31, 2022, reached CNY 2,038,441,472.43, compared to CNY 917,701,859.64 at the end of 2021, reflecting a growth of 121.67%[13]. - Shareholders' equity attributable to the parent company was ¥1,799,825,893.71, up 162.41% year-over-year[4]. - Shareholders' equity as of March 31, 2022, was CNY 1,799,245,525.32, up from CNY 685,357,985.84 at the end of 2021, representing an increase of 162.80%[14]. Research and Development - R&D investment totaled ¥16,377,082.49, a slight decrease of 1.37%, but accounted for 35.77% of operating revenue, an increase of 9.29 percentage points[4]. - Research and development expenses for Q1 2022 amounted to CNY 16,377,082.49, compared to CNY 16,603,953.36 in Q1 2021, indicating a decrease of 1.36%[15]. Government Support and Future Plans - The company received government subsidies amounting to ¥9,755,328.06, which contributed to the non-recurring gains[5]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[11]. - The company has not disclosed any significant new product launches or technological advancements during this reporting period[11]. Return on Equity - The weighted average return on equity decreased by 0.61 percentage points to 0.33%[3].