UCAP(SH:688228)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥50,664,376.20, representing a year-on-year increase of 62.71%[5] - The net profit attributable to shareholders was a loss of ¥4,644,992.07, with a basic and diluted earnings per share of -¥0.07[5] - Total revenue for Q1 2022 was CNY 50,664,376.20, a 62.5% increase from CNY 31,137,148.50 in Q1 2021[19] - Net loss for Q1 2022 was CNY 7,121,933.20, compared to a net loss of CNY 1,537,550.25 in Q1 2021, representing a significant increase in losses[20] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.07, compared to CNY -0.02 in Q1 2021, reflecting worsening profitability[21] Research and Development - Research and development expenses totaled ¥17,048,909.86, accounting for 33.65% of operating revenue, a decrease of 7.53 percentage points compared to the previous year[6] - Research and development expenses increased to CNY 17,048,909.86 in Q1 2022, up from CNY 12,823,576.70 in Q1 2021, reflecting a focus on innovation[20] - The company continues to focus on independent innovation as a core driving force, leading to increased R&D investment[10] Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥61,281,097.41, indicating a cash outflow[5] - Cash flow from operating activities was CNY 65,356,232.59 in Q1 2022, compared to CNY 19,797,819.81 in Q1 2021, indicating improved cash generation[22] - Total assets at the end of the reporting period were ¥1,643,466,279.65, reflecting a 5.32% increase from the end of the previous year[6] - Total assets as of Q1 2022 were CNY 1,643,466,279.65, an increase from CNY 1,560,473,225.89 in Q1 2021[18] - The net cash flow from operating activities was -$61,281,097.41, compared to -$54,099,185.94 in the previous year, indicating a decline in operational cash flow[23] Shareholder Information - Total number of common stock shareholders at the end of the reporting period was 5,909[12] - The largest shareholder, Wang Min, holds 27.64% of shares, totaling 18,552,800 shares[12] - The company reported a total of 850,000 shares held by Qiongqing City Gaohe Zhongmin Investment Management Partnership[13] Liabilities and Equity - The equity attributable to shareholders decreased slightly by 0.38% to ¥1,212,174,051.10 compared to the previous year[6] - Total liabilities increased to CNY 349,735,601.69 in Q1 2022 from CNY 259,620,614.73 in Q1 2021, indicating higher leverage[18] - The company's equity attributable to shareholders was CNY 1,212,174,051.10 in Q1 2022, slightly down from CNY 1,216,819,043.17 in Q1 2021[18] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 60,742,712.09, up 58.2% from CNY 38,412,780.37 in Q1 2021[19] - The company reported a significant increase in sales expenses to CNY 10,057,992.06 in Q1 2022, up from CNY 8,211,152.90 in Q1 2021, indicating increased investment in sales efforts[20] Investment Activities - Total cash inflow from investment activities was $293,206,511.09, significantly higher than $115,024,451.89 in the same quarter last year[23] - The net cash flow from investment activities was $62,291,635.14, a recovery from -$12,022,287.06 in the previous year[23] - Cash inflow from financing activities totaled $140,000,000.00, with a net cash flow from financing activities of $135,318,518.31[24] Other Information - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in this report[5] - The company has not disclosed any significant new strategies or product developments in the current report[14] - The company has not indicated any new product launches or market expansion strategies in this report[23]