GREAT MICROWAVE(SH:688270)2022-05-05 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 for Q1 2022 was ¥6,916,900.56, showing a decrease 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] - Basic earnings per share for Q1 2022 were ¥0.07, a decrease of 40.57% year-on-year[9] - The weighted average return on net assets was 0.46%, a decrease of 2.13 percentage points compared to the previous year[9] - The company reported a net loss of CNY 3,567,695.54, compared to a net profit of CNY 734,662.85 in Q1 2021, indicating a significant decline in profitability[54] - The company’s total comprehensive income for Q1 2022 was CNY -3,567,695.54, compared to CNY 734,662.85 in Q1 2021, indicating a substantial decline in overall financial performance[56] Cash Flow and Liquidity - The net cash flow from operating activities was -¥2,489,239.11, a decline of 124.80% compared to the previous year[9] - The company's cash and cash equivalents increased to ¥1,724,144,056.07 as of March 31, 2022, compared to ¥192,975,504.73 at the end of December 2021, representing a significant growth[24] - 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] - The company generated cash inflow from operating activities totaling CNY 16,132,832.10 in Q1 2022, compared to CNY 15,619,407.86 in Q1 2021, showing a slight increase of 3.3%[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 generated a net cash inflow of CNY 1,534,325,982.57 in Q1 2022, highlighting robust financing efforts[58] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,052,056,291.64, a significant increase of 308.53% from the end of the previous year[9] - The equity attributable to shareholders was ¥2,003,774,247.89, up 335.09% compared to the end of the previous year[9] - The company's total liabilities stood at ¥48,282,043.75, compared to ¥41,760,632.71, showing an increase of about 15%[31] - The total assets amounted to 1,851,283,786.46, significantly higher than 311,655,668.60 in the previous period[49] - The total liabilities were reported at 19,228,153.34, indicating a stable financial position[51] 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[9] - 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] - The company plans to continue investing in R&D to drive future growth and innovation[35] - Research and development expenses increased to CNY 4,290,967.18 in Q1 2022, up from CNY 2,561,999.70 in Q1 2021, reflecting a growth of approximately 67.4%[54] Strategic Initiatives - The company is focusing on expanding its market presence and developing new technologies to drive future growth[24] - The company has plans for potential mergers and acquisitions to strengthen its competitive position in the market[24] - The company reported a significant increase in short-term borrowings, reflecting a strategic move to enhance liquidity[31] Operating 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 cost of goods sold was 1,225,916.14, resulting in a gross profit margin that reflects the company's operational efficiency[51] - The company reported a significant increase in employee compensation payments, totaling 18,154,865.77, compared to 11,578,431.35 previously[44] - The company’s sales expenses rose to CNY 620,795.72 in Q1 2022, compared to CNY 539,557.18 in Q1 2021, marking an increase of approximately 15%[54]