Succeeder(SH:688338)2022-04-21 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥49,375,230.28, representing a decrease of 2.89% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥18,245,252.74, down 6.20% year-on-year[5]. - The basic and diluted earnings per share were both ¥0.22, reflecting a decline of 8.33%[6]. - Total operating revenue for Q1 2022 was ¥49,375,230.28, a decrease of 2.9% from ¥50,843,046.14 in Q1 2021[17]. - Net profit for Q1 2022 was ¥18,245,252.74, a decline of 6.2% compared to ¥19,451,138.70 in Q1 2021[18]. - Total comprehensive income for Q1 2022 was ¥18,245,252.74, reflecting a decrease from ¥19,451,138.70 in Q1 2021[18]. Cash Flow and Expenses - The net cash flow from operating activities was ¥3,134,398.13, down 51.43% compared to the previous year[5]. - Cash flow from operating activities for Q1 2022 was ¥3,134,398.13, a decrease of 51.4% from ¥6,453,318.56 in Q1 2021[21]. - Cash and cash equivalents are reported at ¥1,301,664,616.24, down from ¥1,322,459,728.04[12]. - Cash and cash equivalents at the end of Q1 2022 were ¥1,293,439,304.66, down from ¥1,268,883,343.77 at the end of Q1 2021[22]. - Research and development expenses totaled ¥3,797,490.64, accounting for 7.69% of operating revenue, a decrease of 0.42 percentage points[6]. - Research and development expenses for Q1 2022 were ¥3,797,490.64, a decrease of 7.9% from ¥4,124,300.79 in Q1 2021[17]. - The company reported a decrease in tax expenses for Q1 2022, totaling ¥3,282,864.18, compared to ¥3,212,740.98 in Q1 2021[18]. - Financial expenses for Q1 2022 showed an improvement, with a net income of -¥6,635,861.10 compared to -¥7,581,711.43 in Q1 2021[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,494,380,159.07, an increase of 0.72% from the end of the previous year[6]. - Total current assets as of March 31, 2022, amount to ¥1,379,035,264.41, a slight decrease from ¥1,388,458,729.56 at the end of 2021[13]. - The company's total assets as of March 31, 2022, are ¥1,494,380,159.07, compared to ¥1,483,743,725.61 at the end of 2021[13]. - Total liabilities decreased to ¥55,273,251.88 from ¥62,882,071.16, a reduction of approximately 12.5%[14]. - The retained earnings increased to ¥284,863,824.19 from ¥266,618,571.45, showing a growth of about 6.8%[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,308[10]. - The largest shareholder, Wu Shiming, holds 28,298,431 shares, representing 34.66% of total shares[10]. Operational Insights - The company noted that the decrease in operating revenue was partly due to the increased impact of COVID-19 in certain regions[8]. - The company experienced a significant increase in prepayments by 225.08%, attributed to higher advance payments for materials[8]. - The cash flow from investment activities increased significantly by ¥6,804,330 due to increased expenditures on the Daxing base project[8]. - Inventory as of March 31, 2022, is ¥40,727,656.05, up from ¥38,420,659.14, indicating an increase of about 6.0%[13]. - Accounts receivable increased to ¥28,331,387.35 from ¥24,472,934.35, reflecting a growth of approximately 15.3%[12]. - The company has not reported any new product developments or market expansion strategies in the current quarter[12].