ASR(SH:688220)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was RMB 557,471,361.25, representing a year-on-year increase of 31.48%[4] - The net loss attributable to shareholders for Q1 2022 was RMB -32,290,270.45, with a net loss of RMB -38,340,417.29 after excluding non-recurring gains and losses[4] - Total operating revenue for Q1 2022 was CNY 557,471,361.25, an increase from CNY 424,003,101.50 in Q1 2021, representing a growth of approximately 31.5%[20] - Net profit for Q1 2022 was CNY -32,290,270.45, compared to CNY -182,756,112.49 in Q1 2021, showing an improvement in losses[21] - The net loss for Q1 2022 was ¥124,940,655.93, an improvement from a net loss of ¥159,767,208.63 in Q1 2021[28] Cash Flow - The net cash flow from operating activities was RMB 92,923,496.18[4] - The company experienced a net inflow of RMB 313,608,795.14 in cash from operating activities, attributed to rapid growth in chip sales[12] - In Q1 2022, the company generated cash inflows from operating activities totaling RMB 715,978,269.08, compared to RMB 350,141,653.38 in Q1 2021, representing a 104% increase[23] - The net cash flow from operating activities for Q1 2022 was RMB 92,923,496.18, a significant recovery from a net outflow of RMB -220,685,298.96 in Q1 2021[24] - The company's cash flow from tax refunds was RMB 40,752,128.37 in Q1 2022, compared to RMB 16,970,387.41 in Q1 2021, indicating better tax management[23] Assets and Liabilities - Total assets at the end of Q1 2022 were RMB 8,744,607,466.44, an increase of 261.05% compared to the end of the previous year[6] - The total assets as of Q1 2022 amounted to CNY 8,744,607,466.44, significantly higher than CNY 2,422,022,299.17 in Q1 2021[19] - The total liabilities decreased to CNY 1,100,769,597.08 in Q1 2022 from CNY 1,290,677,361.28 in Q1 2021, a decline of approximately 14.7%[19] - The total liabilities decreased to ¥665,435,777.93 in Q1 2022 from ¥797,194,328.41 in Q1 2021, a reduction of approximately 16.5%[26] - The company's total assets as of March 31, 2022, were RMB 9,346,771,662.24, a significant increase from RMB 3,057,236,173.55 at the end of December 2021[25] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 23,272, with the top 10 shareholders holding a combined 60.54% of shares[14] - The top shareholder, Alibaba (China) Network Technology Co., Ltd., holds 15.43% of the shares, indicating strong institutional support[14] Research and Development - R&D expenses totaled RMB 222,753,538.63, a decrease of 2.38% year-on-year, with R&D expenses accounting for 39.96% of revenue, down 13.86 percentage points[6][13] - The company plans to maintain high investment in R&D throughout the year, with new products expected to enter the trial production stage[13] - Research and development expenses for Q1 2022 were CNY 222,753,538.63, slightly down from CNY 228,183,697.27 in Q1 2021[20] - Research and development expenses in Q1 2022 amounted to ¥192,628,069.58, up from ¥169,367,504.25 in Q1 2021, reflecting a year-over-year increase of 13.7%[27] Financial Expenses - The company reported a significant increase in financial expenses by 313.52%, primarily due to increased interest income[12] - The company's financial expenses in Q1 2022 were reported as -¥11,323,287.49, compared to -¥2,467,798.86 in Q1 2021, reflecting a significant increase in financial costs[27] Investment Activities - The company reported cash inflows from investment activities of RMB 3,005,146,328.78 in Q1 2022, up from RMB 201,193,150.69 in Q1 2021[24] - Cash outflows from investment activities in Q1 2022 amounted to RMB 5,774,416,054.28, compared to RMB 153,652,674.26 in the same period last year[24] - The company reported cash inflow from investment activities of ¥3,055,146,328.78 in Q1 2022, significantly higher than ¥1,193,150.69 in Q1 2021[29] Financing Activities - The company issued new shares, resulting in a net inflow of RMB 6,341,317,025.87 from financing activities[12] - The net cash flow from financing activities was RMB 6,334,998,481.65 in Q1 2022, a recovery from a net outflow of RMB -6,318,544.22 in Q1 2021[24] - Total cash inflow from financing activities reached $6.638 billion, with a net cash flow of $6.404 billion after outflows[30] Other Information - The company has not reported any significant mergers or acquisitions during the quarter, maintaining its current strategic direction[16] - The company did not apply the new accounting standards for the first quarter of 2022[31]