Bonree(SH:688229)2022-06-01 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 basic and diluted earnings per share were both -¥0.52, reflecting the decrease in net profit attributable to shareholders[2][8] - The weighted average return on net assets was -3.04%, indicating a decline in profitability[2] - The company reported a net loss of CNY 23,190,246.34 in Q1 2022, compared to a net loss of CNY 15,798,068.43 in Q1 2021, indicating a decline of approximately 47%[25] - Operating profit for Q1 2022 was -¥28,927,020.57, worsening from -¥15,923,253.84 in Q1 2021[37] - Net loss for Q1 2022 was -¥22,970,119.41, compared to a net loss of -¥15,798,068.43 in Q1 2021, indicating a decline in profitability[37] 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] - Research and development expenses rose to CNY 23,736,114.03 in Q1 2022, compared to CNY 15,010,868.42 in Q1 2021, marking a significant increase of about 58%[24] - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing data analytics capabilities[41] Accounts Receivable and Cash Flow - The company reported a collection amount of ¥14,569,900 from the top ten accounts receivable clients, with a collection ratio of 41.52%[9] - The provision for bad debts for the top ten accounts receivable clients at the end of 2021 was ¥4,826,400, with a provision ratio of 13.75%[9] - The total accounts receivable balance as of the end of 2021 was CNY 3,508.94 million, with overdue accounts accounting for 41.06% of the total[10] - The top five customers with accounts receivable over one year accounted for CNY 977.67 million, representing 37.48% of the total overdue accounts[12] - As of April 30, 2022, the company collected CNY 207.06 million from these customers, which is 21.18% of their accounts receivable balance[12] - The company reported a total of CNY 324.27 million in post-due collections, which is 12.43% of the accounts receivable over one year[13] - The company has established a strict accounts receivable management system to mitigate collection risks[13] - The overall credit risk for major accounts receivable clients remains low, with no significant adverse changes reported[13] - Net cash flow from operating activities was -¥27,536,961.36, indicating increased cash outflows due to higher personnel training and recruitment costs[8] - Cash flow from operating activities for Q1 2022 was -¥27,613,785.99, compared to -¥15,694,082.42 in Q1 2021, indicating increased cash outflow[39] Assets and Liabilities - The 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] - Current assets as of March 31, 2022, totaled CNY 695,810,726.48, a decrease from CNY 723,739,430.21 at the end of 2021[18] - Non-current assets increased to CNY 102,035,467.42 from CNY 95,535,919.18 at the end of 2021[19] - Total assets decreased to CNY 797,846,193.90 from CNY 819,275,349.39 at the end of 2021[20] - Total liabilities decreased to CNY 45,102,712.74 from CNY 47,236,753.96 at the end of 2021[20] - Shareholders' equity decreased to CNY 752,743,481.16 from CNY 772,038,595.43 at the end of 2021[20] - The total assets decreased to ¥798,071,640.21 in Q1 2022 from ¥818,922,588.21 in Q1 2021[34] - The total liabilities decreased to ¥45,036,773.81 in Q1 2022 from ¥46,812,734.47 in Q1 2021[34] Sales and Market Performance - The company reported a significant increase in sales expenses, which rose to CNY 27,314,871.18 in Q1 2022 from CNY 16,902,118.28 in Q1 2021, reflecting a growth of approximately 61%[24] - The gross margin for Q1 2022 was reported at 60%, a slight increase from 58% in Q1 2021[41] - The company provided a revenue guidance of 6 billion RMB for the full year 2022, reflecting a 20% increase compared to 2021[41] - New product launches are expected to contribute an additional 500 million RMB in revenue by Q3 2022[41] - Market expansion plans include entering two new regions, projected to increase market share by 15%[41] - Customer retention rate improved to 85%, up from 80% in the previous quarter[41] - User data showed an increase in active users to 10 million, up from 8 million in the previous quarter, indicating a 25% growth[41] Shareholder Information - The top shareholder, Li Kai, holds 23.12% of the shares, totaling 10,266,270 shares[15] - The second-largest shareholder, Feng Yunbiao, holds 11.41% of the shares, totaling 5,064,300 shares[15]