Yanmade(SH:688312)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥64,960,768.86, representing a decrease of 6.47% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥9,859,553.17, down 60.54% year-on-year, primarily due to declining revenue and increased R&D expenses[6]. - Total revenue for Q1 2022 was CNY 64,960,768.86, a decrease of 6.4% from CNY 69,454,011.34 in Q1 2021[20]. - Net profit for Q1 2022 was CNY 9,395,063.23, down 61.9% compared to CNY 24,655,605.94 in Q1 2021[21]. - Earnings per share (EPS) for Q1 2022 was CNY 0.07, a decrease from CNY 0.17 in Q1 2021[22]. - The company reported a decrease in comprehensive income to CNY 9,169,123.08, down from CNY 24,904,654.33 in the same quarter last year[22]. Research and Development - R&D investment totaled ¥20,425,565.21, accounting for 31.44% of operating revenue, an increase of 7.82 percentage points compared to the previous year[6]. - Research and development expenses rose to CNY 20,425,565.21, an increase of 24.5% from CNY 16,404,417.98 in the previous year[21]. - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[21]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥40,033,629.09, a decrease of 53.03% year-on-year, attributed to lower cash receipts from sales[5]. - The cash inflow from operating activities for Q1 2022 was $116,860,512.56, a decrease of 35.1% compared to $179,943,076.65 in Q1 2021[25]. - The total cash and cash equivalents at the end of Q1 2022 stood at $467,065,953.11, down from $496,805,912.03 at the end of Q1 2021[26]. - The net increase in cash and cash equivalents for the quarter was -$71,267,136.92, contrasting with an increase of $258,949,356.11 in the previous year[26]. - The cash paid for purchasing goods and services was $36,174,197.24, compared to $46,015,424.71 in Q1 2021, indicating a reduction of 21.4%[25]. - The cash paid to employees increased to $32,052,277.54 from $26,171,201.89, reflecting a rise of 22.4%[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,467,131,187.36, reflecting a 5.58% increase from the end of the previous year[6]. - Total liabilities reached CNY 128,162,121.59, up from CNY 66,215,987.36 in Q1 2021[18]. - As of March 31, 2022, the company's total current assets amounted to ¥1,385,191,559.50, an increase from ¥1,307,689,909.37 as of December 31, 2021, reflecting a growth of approximately 5.9%[16]. - The company's cash and cash equivalents decreased to ¥467,065,953.11 from ¥538,333,090.03, representing a decline of about 13.2%[16]. - The trading financial assets increased significantly to ¥692,302,535.56 from ¥430,639,075.23, marking an increase of approximately 60.8%[16]. - Accounts receivable decreased to ¥118,641,425.42 from ¥149,047,272.61, a reduction of about 20.5%[16]. - The company's fixed assets rose to ¥21,874,482.95 from ¥19,726,498.03, reflecting an increase of about 10.9%[16]. - Non-current assets totaled ¥77,325,259.76 as of March 31, 2022, compared to ¥70,296,000.00 as of December 31, 2021, showing an increase of approximately 10.0%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,729[12]. - The company reported a total of 10 major shareholders, with the largest shareholder holding 46.17% of the shares[13]. Other Notable Information - The company experienced a significant increase in prepayments, up 304.76%, mainly due to higher advance payments for materials[10]. - The company reported a significant increase in inventory, up 32.23%, due to higher purchases of raw materials[10]. - The company's short-term borrowings increased, indicating a rise in bank loans during the reporting period[10]. - The company has no significant new product launches or technological developments reported in this quarter[15]. - There are no major mergers or acquisitions mentioned in the current report[15].