Bonree(SH:688229)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥32,162,270.02, representing a year-on-year increase of 5.25%[2]. - The net profit attributable to shareholders was -¥23,190,246.34, with a significant increase in R&D investment totaling ¥23,736,114.03, up 58.13% year-on-year[2][8]. - The net profit for Q1 2022 was a loss of ¥22,970,119.41, worsening from a loss of ¥15,798,068.43 in Q1 2021, indicating a decline of approximately 45.0%[28]. - The basic and diluted earnings per share were both -¥0.52, reflecting the decrease in net profit attributable to shareholders[2][8]. - Operating profit for Q1 2022 was -29,147,147.50 RMB, compared to -15,923,253.84 RMB in Q1 2021, indicating a significant decline in operational performance[20]. - The total revenue from sales of goods and services was 34,202,080.06 RMB in Q1 2022, an increase from 30,231,518.62 RMB in Q1 2021, indicating growth in sales[22]. Research and Development - R&D investment accounted for 73.80% of operating revenue, an increase of 24.68 percentage points compared to the previous year[3]. - R&D expenses in Q1 2022 amounted to CNY 23,736,114.03, a significant increase of 58.8% compared to CNY 15,010,868.42 in Q1 2021[18]. - The company implemented an equity incentive plan in February 2021, increasing compensation and share-based payment expenses for sales and R&D personnel, impacting net profit[7]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥27,536,961.36, primarily due to increased cash payments for employee training and recruitment[8]. - Cash flow from operating activities was -27,536,961.36 RMB in Q1 2022, worsening from -15,694,082.42 RMB in Q1 2021[23]. - Cash and cash equivalents as of March 31, 2022, were CNY 619,603,135.01, down from CNY 648,747,056.48 as of December 31, 2021[14]. - The total cash and cash equivalents at the end of Q1 2022 were CNY 619,098,790.65, down from CNY 647,642,479.86 at the end of Q1 2021, a decrease of 4.00%[31]. - The cash inflow from sales of goods and services was CNY 34,202,080.06, an increase from CNY 30,231,518.62 in Q1 2021, reflecting a growth of 13.00%[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥797,846,193.90, a decrease of 2.62% from the end of the previous year[3]. - The company's total equity as of March 31, 2022, was ¥753,034,866.40, down from ¥772,109,853.74 as of December 31, 2021, reflecting a decrease of approximately 2.5%[27]. - Total liabilities as of March 31, 2022, were CNY 45,102,712.74, a decrease from CNY 47,236,753.96 at the end of 2021[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 2,692[10]. - The top three shareholders held a combined 45.13% of the shares, with the largest shareholder owning 23.12%[10]. Other Information - The company has not disclosed any new product or technology developments in the current report[12]. - There are no significant mergers or acquisitions reported during the quarter[12].