OPTOWIDE(SH:688195)2022-04-21 16:00Financial Performance - The company's revenue for Q1 2022 reached ¥77,875,572.18, representing a year-on-year increase of 37.81%[5] - Net profit attributable to shareholders was ¥10,357,119.91, up 36.34% compared to the same period last year[5] - The company reported a total comprehensive income of CNY 10,357,119.91 for Q1 2022, compared to CNY 7,596,518.53 in Q1 2021, reflecting a growth of 36.5%[19] - Operating revenue from sales of goods and services reached CNY 87,133,883.28, up from CNY 55,720,586.94 in the same period last year, indicating a growth of 56.3%[20] - The total operating profit for Q1 2022 was CNY 10,982,799.18, an increase of 36.0% from CNY 8,087,012.48 in Q1 2021[18] Cash Flow and Liquidity - The net cash flow from operating activities was ¥31,626,872.52, showing a significant increase of 135.86% year-on-year[5] - The company's cash and cash equivalents increased to RMB 78,769,161.50 from RMB 12,655,407.70 at the end of 2021, indicating a significant improvement in liquidity[13] - The net cash flow from operating activities was CNY 31,626,872.52, significantly higher than CNY 13,409,071.79 in Q1 2021, marking an increase of 135.8%[21] - Investment activities generated a net cash flow of CNY 12,050,234.92, a turnaround from a negative cash flow of CNY -55,232,168.09 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥994,801,121.14, a decrease of 1.44% from the end of the previous year[6] - As of March 31, 2022, total assets amounted to RMB 994,801,121.14, a decrease from RMB 1,009,302,337.06 at the end of 2021[15] - Total current liabilities decreased to RMB 121,479,977.19 from RMB 126,255,072.86 at the end of 2021, reflecting better management of short-term obligations[15] - The total equity of the company as of March 31, 2022, was RMB 847,202,162.83, up from RMB 836,845,042.92 at the end of 2021[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,250[10] Research and Development - Research and development expenses totaled ¥7,181,951.27, accounting for 9.22% of revenue, a decrease of 1.7 percentage points from the previous year[6] - The company incurred research and development expenses of CNY 7,181,951.27, up from CNY 6,173,102.58 in the previous year, indicating a 16.3% increase[18] Profitability Drivers - The company attributed revenue growth to the expansion into optical communication and laser applications, as well as improved order delivery capabilities[8] - The increase in net profit was driven by expanded sales scale and enhanced cost management[8] - The company reported non-recurring gains of ¥2,631,471.76, with government subsidies contributing ¥372,184.08[8] Financial Management - The company has no reported derivative financial assets or liabilities, indicating a conservative approach to financial risk management[14] - The company’s short-term borrowings rose to RMB 2,235,360.00 from RMB 455,429.00, reflecting increased financing activities[15] - The company reported accounts receivable of RMB 104,841,335.54, down from RMB 118,293,119.37 at the end of 2021, indicating improved collection efficiency[13] - Inventory levels increased to RMB 59,698,885.80 from RMB 54,325,291.48, suggesting a strategic buildup in stock[14] Earnings Per Share - Basic and diluted earnings per share remained stable at CNY 0.08 for both Q1 2022 and Q1 2021[19]