Workflow
精进电动(688280) - 2022 Q1 - 季度财报
JJEJJE(SH:688280)2022-04-26 16:00

Financial Performance - Revenue for Q1 2022 was CNY 258,889,713.32, representing a year-over-year increase of 24.19%[5] - Net profit attributable to shareholders was CNY -87,318,067.09, a decrease of 7.27% compared to the same period last year[5] - Total operating revenue for Q1 2022 was ¥258,889,713.32, an increase of 24.2% compared to ¥208,465,006.32 in Q1 2021[25] - Net loss for Q1 2022 was ¥87,318,067.09, compared to a net loss of ¥81,401,182.29 in Q1 2021, reflecting a decline of 7.4%[26] - The total comprehensive income attributable to the parent company was negative CNY 87.42 million, compared to negative CNY 81.52 million in the previous year[27] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -28,594,384.71, a decline of 33.78% compared to the previous year[6] - The net cash flow from operating activities was negative CNY 28.59 million, compared to negative CNY 21.37 million in the same period last year, indicating a decline in operational cash flow[29] - The net cash flow from investing activities was negative CNY 47.96 million, worsening from negative CNY 33.45 million year-over-year[30] - The net cash flow from financing activities was negative CNY 103.10 million, a significant decrease from positive CNY 16.55 million in Q1 2021[30] - The cash and cash equivalents at the end of the period were CNY 1.28 billion, down from CNY 1.46 billion at the beginning of the period[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,344,457,604.69, down 1.00% from the end of the previous year[6] - Total liabilities for Q1 2022 were ¥1,421,752,807.37, compared to ¥1,368,937,468.28 in Q1 2021, indicating an increase of 3.8%[21] - The company's total equity as of Q1 2022 was ¥1,922,704,797.32, down from ¥2,009,395,420.60 in Q1 2021, reflecting a decrease of 4.3%[22] Research and Development - R&D expenses totaled CNY 45,052,111.37, accounting for 17.40% of revenue, a decrease of 2.44 percentage points year-over-year[6] - Research and development expenses increased to ¥45,052,111.37 in Q1 2022, up from ¥41,371,499.69 in Q1 2021, representing an increase of 8.2%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,098[10] - The largest shareholder, Heze Beixiang New Energy Technology Co., Ltd., held 11.81% of the shares, totaling 69,677,522 shares[11] - The company has a total of 10 major shareholders, with the largest shareholder holding 2,179,951 shares of common stock[12] Agreements and Commitments - The company signed a settlement agreement with Semikron, agreeing to pay a total of RMB 151,523,124.92, with the first payment of RMB 60,000,000 completed by March 4, 2022, and remaining payments scheduled for June 30, September 30, and December 31, 2022[13] - The company has committed to achieving a minimum cumulative sales total of RMB 1 billion and a minimum cumulative tax payment of RMB 50 million by December 2026, as part of a new agreement with the Ningbo Ecological Park Management Committee[15] - The company is required to return the subsidy principal of RMB 50 million plus interest if cumulative sales do not reach RMB 1 billion by the end of 2026[16] - The company has established a new project for electric drive assembly production, with equipment installation expected to be completed by December 2022[15] - The company is in compliance with the terms of the settlement agreement and is committed to making payments on time[13] - The company has received a performance guarantee from Ningbo Bank for the subsidy project, amounting to RMB 50 million[17] Employee Compensation - The company paid CNY 77.89 million in employee compensation, an increase from CNY 49.99 million in the same quarter last year[29]