GREAT MICROWAVE(SH:688270)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥31,320,850.51, representing a year-on-year increase of 12.77%[6] - The net profit attributable to shareholders was ¥6,916,900.56, showing a decline of 27.36% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,371,755.05, down 33.02% year-on-year[6] - The basic earnings per share were ¥0.07, a decrease of 40.57% year-on-year[8] - Net profit for Q1 2022 was CNY 6,916,900.56, down 27.5% from CNY 9,521,979.83 in Q1 2021[36] - The company reported a total comprehensive income of -¥3,567,695.54 for the quarter, down from ¥734,662.85 in the prior year[56] Cash Flow and Liquidity - The net cash flow from operating activities was -¥2,489,239.11, a decrease of 124.80% compared to the previous year[8] - Cash received from sales of goods and services in Q1 2022 was CNY 36,725,856.18, a decrease from CNY 40,359,575.75 in Q1 2021[40] - Cash flow from operating activities generated a net amount of ¥4,868,895.18, down from ¥7,276,878.01 year-over-year, reflecting a decrease of approximately 33%[57] - The ending balance of cash and cash equivalents was 1,724,143,456.07, compared to 208,831,350.69 in the previous period[46] - Financing activities resulted in a net cash inflow of ¥1,534,325,982.57, significantly contributing to the overall cash position[58] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,052,056,291.64, up 308.53% from the end of the previous year[9] - The company's total liabilities stood at ¥48,282,043.75, compared to ¥41,760,632.71 in the previous year, showing an increase in financial obligations[31] - Total current assets reached ¥1,988,359,286.67, a substantial increase from ¥436,237,908.11 in the previous year[28] - The total equity attributable to shareholders of the parent company was CNY 2,003,774,247.89 as of the end of the reporting period[33] Research and Development - Research and development expenses totaled ¥11,697,562.65, an increase of 44.80% year-on-year, accounting for 37.35% of operating revenue[8] - The company plans to continue investing in R&D to drive future growth and innovation[35] - R&D expenses in Q1 2022 amounted to CNY 11,697,562.65, a significant increase of 45.5% from CNY 8,078,390.93 in Q1 2021[36] - Research and development expenses surged to ¥4,290,967.18, up from ¥2,561,999.70, indicating a significant increase of about 67% compared to the previous year[54] Shareholder Information - The equity attributable to shareholders reached ¥2,003,774,247.89, reflecting a growth of 335.09% compared to the previous year[9] - The company has a total of 5,326,500 shares held by Liang Weidong, representing 4.88% of the total shares[20] - The company has a total of 1,733,758 shares held by China Construction Bank, indicating significant institutional investment[20] Operational Costs - Total operating costs for Q1 2022 were CNY 21,892,387.30, up from CNY 17,998,306.88 in Q1 2021, representing a 21.0% increase[36] - The company's sales expenses increased to ¥620,795.72 from ¥539,557.18, representing a growth of approximately 15% year-over-year[54] Other Information - The company received government subsidies amounting to ¥112,824.41, which were included in the current period's profit and loss[10] - The company did not report any new product launches or technological advancements during this period[24] - The company did not report any new product launches or significant market expansion strategies during this quarter[60]