Wayzim(SH:688211)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 74,585,850.15, a decrease of 56.69% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -10,692,103.68, representing a decline of 144.87% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -38,436,740.63, a decrease of 277.03% compared to the previous year[5]. - Revenue declined by 56.69% as a result of the impact of the pandemic on project acceptance and revenue recognition[12]. - Operating profit decreased by 119.48% due to reduced income during the reporting period[13]. - Net profit decreased by 144.87% primarily due to decreased revenue[13]. - The company's total revenue for Q1 2022 was CNY 75,720,408.95, down 56.3% from CNY 173,352,863.47 in Q1 2021[27]. - The net profit for Q1 2022 was -CNY 9,066,660.49, compared to a net profit of CNY 11,866,424.45 in Q1 2021[28]. Research and Development - Research and development expenses totaled CNY 32,327,600.98, an increase of 37.44% year-on-year, accounting for 43.34% of operating revenue, up by 29.68 percentage points[6]. - The company increased its investment in research projects to meet market demands for new technologies and product performance[6]. - Research and development expenses increased to ¥32,327,600.98 in Q1 2022, up 37.4% from ¥23,521,193.25 in Q1 2021[22]. - The company increased its R&D expenses to CNY 29,334,395.17 in Q1 2022, up from CNY 24,054,410.18 in Q1 2021, reflecting a focus on innovation[27]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -48,461,632.56, primarily due to an increase in receivables and a decrease in inventory payments compared to the previous year[7]. - In Q1 2022, the company's operating cash inflow was CNY 556,868,824.14, an increase of 16.4% compared to CNY 478,159,075.72 in Q1 2021[24]. - The net cash flow from operating activities was -CNY 48,461,632.56, an improvement from -CNY 117,630,049.55 in the same period last year[24]. - The company's cash and cash equivalents at the end of Q1 2022 were CNY 881,915,154.73, a decrease from CNY 1,475,887,349.75 at the beginning of the quarter[25]. - The total cash and cash equivalents at the end of Q1 2022 were CNY 848,102,364.88, compared to CNY 82,922,849.02 at the end of Q1 2021, indicating a substantial increase[31]. - The cash inflow from investment activities in Q1 2022 was CNY 3,099,963,601.13, significantly higher than CNY 101,576,694.50 in Q1 2021[31]. - The net cash flow from investment activities in Q1 2022 was negative CNY 497,203,192.49, compared to positive CNY 54,988,076.23 in Q1 2021[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,033,493,795.71, a decrease of 1.69% from the end of the previous year[6]. - Total assets as of March 31, 2022, were ¥6,033,493,795.71, down from ¥6,137,175,656.32 at the end of 2021, a decrease of 1.7%[19]. - Total liabilities decreased to CNY 1,891,762,183.59 from CNY 1,946,870,629.93 at the end of 2021[26]. - The company's total equity as of March 31, 2022, was ¥3,851,127,216.17, slightly down from ¥3,852,835,454.21 at the end of 2021[19]. Operational Challenges - The company faced operational challenges due to the domestic pandemic, affecting project entry and acceptance, which negatively impacted performance[6]. - The company reported a significant increase in investment income of 1405.05% due to higher returns from financial products[10]. - Cash and cash equivalents decreased by 39.13% due to increased payments for purchasing financial products and raw material procurement[12]. - Accounts receivable increased by 403.94% primarily due to an increase in customer bills received during the reporting period[12]. - The company received government subsidies, resulting in other income increasing by 817.11% during the reporting period[13].