Damon(SH:688360)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 311,636,131.57, representing a year-on-year increase of 57.40%[4] - The net profit attributable to shareholders was CNY 16,776,944.48, showing a significant increase of 5,620.25% compared to the same period last year[4] - The basic and diluted earnings per share were both CNY 0.20, attributed to the increase in net profit[4] - The net profit for Q1 2022 was CNY 16,776,944.48, a significant increase compared to CNY 293,290.63 in Q1 2021, reflecting a growth of approximately 5,619%[19] - Operating profit for Q1 2022 reached CNY 18,832,767.01, compared to CNY 4,267,115.16 in the same period last year, indicating an increase of about 342%[19] - The total comprehensive income for Q1 2022 was CNY 17,213,378.62, compared to CNY 274,589.55 in Q1 2021, reflecting a substantial increase[20] Research and Development - Research and development expenses totaled CNY 21,027,020.97, which is an increase of 35.75% year-on-year, indicating a focus on expanding the R&D team and accelerating new product development[5] - The proportion of R&D expenses to revenue decreased to 6.75%, down by 1.07 percentage points compared to the previous year[5] - Research and development expenses rose to CNY 21,027,020.97 in Q1 2022, up from CNY 15,489,206.33 in Q1 2021, marking an increase of approximately 36%[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -32,156,822.10, indicating challenges in cash generation from operations[4] - Cash flow from operating activities showed a net outflow of CNY -32,156,822.10 in Q1 2022, an improvement from CNY -44,188,854.09 in Q1 2021[22] - The company reported a cash and cash equivalents balance of CNY 243,586,840.26 at the end of Q1 2022, down from CNY 274,170,342.18 at the end of Q1 2021[23] - Cash and cash equivalents as of March 31, 2022, were RMB 252,606,408.25, down from RMB 319,219,746.01 as of December 31, 2021, a decrease of 21.8%[14] - The company received CNY 150,000,000.00 from investment recoveries in Q1 2022, compared to no such income in Q1 2021[22] - Cash inflow from financing activities totaled CNY 92,309,521.69 in Q1 2022, an increase from CNY 55,000,000.00 in Q1 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,875,299,213.37, reflecting a 3.03% increase from the end of the previous year[5] - Total assets as of March 31, 2022, were RMB 1,875,299,213.37, compared to RMB 1,820,116,813.50 at the end of 2021, an increase of 3.0%[15] - Total liabilities increased to RMB 923,382,191.57 from RMB 885,413,170.32, marking a rise of 4.3%[16] - Shareholders' equity as of March 31, 2022, was RMB 951,917,021.80, up from RMB 934,703,643.18, an increase of 1.3%[16] - The equity attributable to shareholders increased to CNY 951,917,021.80, up by 1.84% from the previous year[5] Operational Insights - The company reported non-recurring gains of CNY 2,278,620.31, primarily from government subsidies and other non-operating income[7] - The company reported a net profit margin improvement, with net profit for Q1 2022 reflecting a stronger operational performance[18] - The company is focusing on expanding its market presence and enhancing product development strategies moving forward[12] - Total operating revenue for Q1 2022 was RMB 311,636,131.57, an increase of 57.2% compared to RMB 197,992,942.62 in Q1 2021[18] - Total operating costs for Q1 2022 were RMB 296,432,773.26, up from RMB 201,965,856.71 in Q1 2021, reflecting a year-over-year increase of 46.7%[18] - Total revenue from operating activities was CNY 267,848,326.47 in Q1 2022, down from CNY 296,653,916.46 in Q1 2021, representing a decrease of about 10%[22]