Wondux(SH:688178)2022-04-28 16:00Financial Performance - Revenue for Q1 2022 was CNY 138,606,185.30, an increase of 15.35% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 78.59% to CNY 2,068,887.08[5] - Basic earnings per share were CNY 0.02, down 81.82% year-on-year[5] - Total operating revenue for Q1 2022 was RMB 138.61 million, an increase of 15.3% compared to RMB 120.16 million in Q1 2021[17] - Net profit for Q1 2022 was RMB 1.99 million, a decrease of 78.9% from RMB 9.44 million in Q1 2021[19] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.02, down from RMB 0.11 in Q1 2021[20] Cash Flow and Assets - Cash flow from operating activities was negative at CNY -152,360,270.02, not applicable for comparison[5] - Cash flow from operating activities for Q1 2022 was negative RMB 152.36 million, compared to negative RMB 102.66 million in Q1 2021[22] - Cash and cash equivalents at the end of Q1 2022 were RMB 87.18 million, down from RMB 239.79 million at the end of Q1 2021[22] - The company's cash and cash equivalents were reported at ¥139,027,582.38, significantly lower than ¥376,554,311.35 at the end of 2021, marking a decline of about 63.1%[13] Research and Development - R&D expenses totaled CNY 6,301,414.01, a decrease of 19.73%, representing 4.55% of revenue, down 1.98 percentage points year-on-year[6] - Research and development expenses for Q1 2022 were RMB 6.30 million, a decrease of 19.7% from RMB 7.85 million in Q1 2021[17] - The company plans to invest 5 million in R&D for new technologies aimed at improving environmental sustainability[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,414[10] - The largest shareholder, Nanjing Wonders Investment Co., Ltd., held 28.92% of the shares[10] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,045,286,756.78, a decrease of 4.55% from the end of the previous year[6] - The company's current assets totaled ¥1,590,688,622.50, down from ¥1,716,876,537.68, indicating a decrease of about 7.3%[13] - The total liabilities decreased to ¥845,575,811.07 from ¥945,935,468.54, representing a reduction of approximately 10.6%[15] - The total owner's equity increased slightly to ¥1,199,710,945.71 from ¥1,196,745,134.81, indicating a marginal growth of approximately 0.1%[15] Market and Strategic Initiatives - The company provided a future outlook with a revenue guidance of 120 million for Q2 2022, indicating a 20% growth[23] - New product development includes the launch of an innovative waste management solution expected to generate an additional 10 million in revenue[23] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2023[23] - A strategic acquisition of a local competitor was announced, expected to enhance operational efficiency and increase market penetration[23] - A new marketing strategy is set to launch in Q2 2022, focusing on digital channels to increase brand awareness by 30%[23] Customer and Operational Metrics - User data showed an increase in active users by 20% compared to the previous quarter, reaching 1.2 million[23] - Customer satisfaction ratings improved to 90%, reflecting a 10% increase from the previous quarter[23] - The company aims to reduce operational costs by 15% through process optimization initiatives[23] Financial Ratios and Metrics - The weighted average return on equity was 0.17%, a decrease of 0.69 percentage points[6] - The company reported a significant increase in trading financial assets by 768.29%[6] - The company reported a significant increase in financial expenses, with interest expenses rising to RMB 1.50 million in Q1 2022 from RMB 0.71 million in Q1 2021[17]