Infosec(SH:688201)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥64,012,858.89, representing a year-on-year increase of 31.53%[5] - The net profit attributable to shareholders was -¥1,565,047.52, a decrease of 506.33% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,063,064.28, reflecting a decrease of 33.77% year-on-year[5] - Basic and diluted earnings per share were both -¥0.0168, a decrease of 354.75% year-on-year[6] - Total operating revenue for Q1 2022 was CNY 64,012,858.89, an increase of 31.5% compared to CNY 48,669,133.72 in Q1 2021[19] - Total operating costs for Q1 2022 were CNY 70,699,337.96, up 13.8% from CNY 62,190,142.12 in Q1 2021[19] - Net loss for Q1 2022 was CNY 1,601,525.68, an improvement from a net loss of CNY 3,298,108.34 in Q1 2021[20] - The total comprehensive income for the first quarter of 2022 was CNY 19,892,502.69, compared to CNY 9,013,470.86 in the same period of 2021, indicating a significant increase[32] Cash Flow - The net cash flow from operating activities was -¥34,299,951.49, a decline of 76.80% compared to the previous year[6] - Cash flow from operating activities showed a net outflow of CNY -34,299,951.49 in Q1 2022, worsening from CNY -19,400,868.38 in Q1 2021[24] - The net cash flow from operating activities was negative at CNY -22,365,533.85, an improvement from CNY -26,419,739.61 in the first quarter of 2021[33] - Cash inflows from operating activities amounted to CNY 75,696,365.12, up from CNY 50,043,735.22 year-over-year, reflecting a growth of approximately 51.4%[33] - The company reported a net cash flow from investing activities of CNY 48,341,446.30, compared to a negative cash flow of CNY -21,707,962.26 in Q1 2021[28] - Cash inflows from investment activities totaled CNY 136,338,748.45, compared to CNY 66,949,096.97 in the previous year, representing an increase of about 103.5%[34] - The net cash flow from investment activities was CNY 42,306,623.45, a significant rise from CNY 1,055,981.17 in Q1 2021[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,158,862,715.81, down 4.12% from the end of the previous year[6] - Total current assets decreased from CNY 624,973,874.15 to CNY 580,472,258.75, a decline of approximately 7.1%[16] - Total liabilities decreased from CNY 172,425,381.62 to CNY 124,400,410.59, a decline of about 28.0%[17] - Total liabilities amounted to CNY 132,919,905.40 as of Q1 2022, a decrease from CNY 182,227,905.36 in the previous year[18] - The total liabilities as of March 31, 2022, were CNY 128,983,075.57, down from CNY 157,512,193.18 at the end of 2021[29] - Total assets decreased from CNY 1,208,653,633.15 to CNY 1,158,862,715.81, a decline of about 4.1%[17] Research and Development - Research and development expenses totaled ¥26,235,534.48, accounting for 40.98% of operating revenue, a decrease of 6.63 percentage points from the previous year[6] - Research and development expenses increased to CNY 26,235,534.48 in Q1 2022, compared to CNY 23,172,901.71 in Q1 2021, reflecting a growth of 13.3%[20] - Research and development expenses for Q1 2022 were CNY 8,987,707.47, slightly down from CNY 9,631,368.94 in Q1 2021[31] Inventory and Other Assets - The company reported a significant increase in inventory from CNY 65,211,822.64 to CNY 78,261,118.61, an increase of approximately 20.0%[16] - The company’s inventory increased to CNY 74,540,007.37 in Q1 2022 from CNY 61,260,423.31 in Q1 2021, reflecting a growth of 21.6%[28] Management and Future Outlook - The company has no new product launches or technological developments reported in this quarter[15] - There are no mergers or acquisitions mentioned in the current report[15] - Future outlook and performance guidance were not provided in the conference call[15] - The company's management indicated ongoing efforts in new product development and market expansion strategies, although specific details were not provided in the financial documents[32] Tax and Refunds - The company experienced a delay in receiving VAT refunds, which impacted net profit and cash flow[10] - The company received CNY 1,165,503.92 in tax refunds during the first quarter, down from CNY 8,139,265.33 in the same period last year[33]