SICC CO.(SH:688234)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥67,644,914.95, representing a decrease of 46.69% compared to the same period last year[4] - The net profit attributable to shareholders was -¥43,765,110.60, a decline of 283.20% year-over-year[4] - The net cash flow from operating activities was -¥69,500,582.27, reflecting a decrease of 563.51% compared to the previous year[4] - The company reported a total comprehensive loss of ¥44,030,312.98 for Q1 2022, compared to a comprehensive income of ¥23,659,948.35 in Q1 2021[22] - The net profit for Q1 2022 was -43,053,373.54 RMB, compared to a net profit of 26,215,486.30 RMB in Q1 2021, indicating a significant decline[34] - Operating profit for Q1 2022 was -46,260,344.81 RMB, down from 30,813,692.78 RMB in the same period last year[32] - Total revenue from operating activities in Q1 2022 was 130,029,025.93 RMB, a decrease of approximately 22.3% from 167,359,910.90 RMB in Q1 2021[35] Research and Development - R&D expenses totaled ¥19,284,785.50, accounting for 28.51% of operating revenue, an increase of 18.45 percentage points year-over-year[5] - The company continued to invest heavily in R&D for large-size and N-type products, leading to a significant rise in R&D expenses[10] - Research and development expenses rose to ¥19,284,785.50 in Q1 2022, compared to ¥12,763,313.68 in Q1 2021, reflecting a 51.5% increase[20] Assets and Liabilities - Total assets increased to ¥5,778,570,376.76, a growth of 120.69% compared to the end of the previous year[5] - Total liabilities amounted to ¥396,665,109.06 in Q1 2022, slightly up from ¥395,971,914.98 in Q1 2021[18] - The total assets of the company as of March 31, 2022, were ¥5,675,088,696.60, compared to ¥2,530,017,761.58 at the end of 2021[29] - The total liabilities decreased to ¥289,183,406.87 in Q1 2022 from ¥304,530,442.29 in the previous year[29] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,117, with the largest shareholder holding 30.09% of shares[11] - The largest shareholder, Zong Yanmin, holds 129,302,726 shares, representing 30.09% of the total shares[11] - The top ten shareholders collectively hold a significant portion of the company's equity, with the second-largest shareholder holding 9.00%[11] - The company has no reported financing or margin trading activities among the top ten shareholders[14] Cash Flow - The company's cash and cash equivalents increased to approximately CNY 3.32 billion from CNY 343.64 million year-over-year[16] - The total cash and cash equivalents at the end of Q1 2022 amounted to ¥3,315,970,965.08, up from ¥530,907,265.24 at the end of Q1 2021[25] - The company reported a net cash inflow from financing activities of ¥3,202,662,067.43 in Q1 2022[25] - Cash flow from operating activities in Q1 2022 was -81,714,834.55 RMB, compared to -112,691,840.21 RMB in Q1 2021, showing an improvement[35] - The company experienced a net cash increase of 2,926,778,796.75 RMB in Q1 2022, compared to a decrease of -167,750,180.74 RMB in Q1 2021[36] Inventory and Accounts Receivable - Accounts receivable rose to CNY 66.11 million, up from CNY 57.79 million year-over-year, indicating improved sales performance[16] - Inventory increased to CNY 460.16 million, compared to CNY 385.57 million in the previous year, reflecting growth in production[16] - The company reported a total of 4.05 billion in current assets, a substantial increase from 990.01 million in the previous year[16]