Xinyichang(SH:688383)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was ¥350,659,474.03, representing a 74.27% increase compared to the same period last year[6] - Net profit attributable to shareholders was ¥70,910,703.91, an increase of 84.00% year-over-year[6] - The net profit after deducting non-recurring gains and losses was ¥67,271,125.40, reflecting a 76.91% increase from the previous year[6] - The basic earnings per share (EPS) was ¥0.69, up by 38.00% compared to the same period last year[6] - Total operating revenue for Q1 2022 reached ¥350,659,474.03, a significant increase of 74.3% compared to ¥201,221,702.94 in Q1 2021[32] - Net profit for Q1 2022 was ¥70,715,715.26, representing a 83.6% increase from ¥38,539,094.71 in Q1 2021[37] - The company reported a total comprehensive income of ¥70,715,715.26 for Q1 2022, compared to ¥38,539,094.71 in Q1 2021[37] Research and Development - Research and development (R&D) expenses totaled ¥15,128,478.36, accounting for 4.31% of revenue, a decrease of 1.91 percentage points year-over-year[9] - Research and development expenses for Q1 2022 were ¥15,128,478.36, an increase from ¥12,520,904.80 in Q1 2021[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,445,209,644.94, showing a slight increase of 0.49% from the end of the previous year[9] - As of March 31, 2022, the company's total assets amounted to approximately CNY 2,445.21 billion, an increase from CNY 2,433.33 billion at the end of December 2021[26] - Total liabilities amounted to ¥1,116,816,412.75, a decrease from ¥1,175,651,565.26 in the previous period[31] - The company's total liabilities decreased to CNY 1,503.30 billion from CNY 1,517.25 billion, reflecting a decline of approximately 0.9%[29] - Current liabilities totaled CNY 1,093.19 billion, down from CNY 1,159.13 billion, indicating a decrease of about 5.7%[29] - The company's non-current assets increased to CNY 410.12 billion from CNY 372.04 billion, showing a growth of approximately 10.2%[29] Cash Flow - The net cash flow from operating activities was -¥124,474,689.70, a significant decrease of 2413.42% year-over-year[6] - Cash flow from operating activities in Q1 2022 was ¥99,536,522.31, down from ¥160,017,273.73 in Q1 2021[39] - The net cash inflow from operating activities was -$124,474,689.70, a significant decrease compared to $5,380,539.70 in the previous period, indicating a decline in operational performance[43] - Total cash inflow from investment activities amounted to $101,568,848.97, while cash outflow was $149,897,642.25, resulting in a net cash flow of -$48,328,793.28, reflecting increased investment expenditures[43] - Cash inflow from financing activities reached $124,500,000.00, with a net cash flow of $118,855,835.44, showing strong financing support despite previous losses[45] Inventory and Receivables - Accounts receivable increased significantly to CNY 687.13 billion, up from CNY 567.41 billion, representing a growth of about 21.1%[26] - The company's inventory decreased to CNY 785.95 billion from CNY 840.64 billion, a reduction of approximately 6.5%[26] - The company reported a significant increase in other receivables, which rose to CNY 7.11 billion from CNY 4.94 billion, a growth of approximately 43.8%[26] Employee Compensation - The company paid $58,076,608.14 in employee compensation, up from $42,107,798.31, indicating increased workforce costs[43]