HYATECH(SH:688510)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥61,813,276.31, representing a year-over-year increase of 5.64%[4] - The net profit attributable to shareholders decreased by 27.48% to ¥1,928,475.31, while the net profit after deducting non-recurring gains and losses fell by 41.91% to ¥1,218,286.64[4] - Total revenue for Q1 2022 was CNY 61,813,276.31, an increase of 5.3% compared to CNY 58,512,400.79 in Q1 2021[16] - Net profit for Q1 2022 was CNY 1,838,787.44, a decrease of 28.3% from CNY 2,564,275.38 in Q1 2021[17] - Operating profit for Q1 2022 was CNY 2,144,860.18, down 24.2% from CNY 2,829,185.24 in Q1 2021[16] - Basic earnings per share for Q1 2022 were CNY 0.0075, a decrease from CNY 0.0103 in Q1 2021[17] Cash Flow - The net cash flow from operating activities was negative at -¥37,136,425.67, an increase in outflow of 24.8% compared to the previous year[4] - Cash flow from operating activities for Q1 2022 was negative CNY 37,136,425.67, worsening from negative CNY 29,756,181.28 in Q1 2021[20] - Cash flow from investing activities for Q1 2022 was negative CNY 80,847,003.13, compared to negative CNY 43,492,833.50 in Q1 2021[21] - Cash flow from financing activities for Q1 2022 was positive CNY 11,674,813.81, down from CNY 45,124,414.88 in Q1 2021[21] - The ending cash and cash equivalents balance for Q1 2022 was CNY 376,775,133.46, down from CNY 428,887,050.65 in Q1 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,380,825,670.50, reflecting a 1.3% increase from the previous year[5] - Current assets decreased from RMB 837,357,580.85 at the end of 2021 to RMB 750,238,889.88, a decline of about 10.4%[11] - Cash and cash equivalents were RMB 386,956,363.94, down from RMB 501,289,698.24, indicating a decrease of approximately 22.8%[12] - The company's inventory increased from RMB 97,697,958.57 to RMB 124,862,113.99, representing a rise of about 27.8%[12] - Total liabilities rose from RMB 357,394,276.27 to RMB 373,285,910.54, an increase of approximately 4.4%[13] - The company's equity attributable to shareholders increased slightly from RMB 960,628,936.13 to RMB 962,557,411.44, a growth of about 0.2%[13] - The company’s non-current assets totaled RMB 630,586,780.62, up from RMB 525,737,667.94, reflecting an increase of approximately 19.9%[12] - The company’s short-term borrowings increased from RMB 38,216,572.92 to RMB 50,885,472.92, a rise of about 33.1%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,863[8] - The top shareholder, Yan Qi, holds 14.44% of the shares, totaling 37,317,391 shares[8] Research and Development - Research and development expenses totaled ¥7,364,057.35, accounting for 11.91% of operating revenue, an increase of 1.16 percentage points[5] - Research and development expenses for Q1 2022 were CNY 7,364,057.35, a decrease of 14.3% compared to CNY 8,591,652.85 in Q1 2021[16] Strategic Initiatives - The company plans to continue focusing on product structure adjustments to improve profitability and address the decline in gross margin[6] - The company signed a long-term supply agreement with a French client, increasing the average share of LEAP series blade products from 35% to at least 50% starting January 1, 2023[10] Accounts Receivable - The company reported a significant increase in accounts receivable, with RMB 188,419,523.86 compared to RMB 189,979,014.95, indicating a slight decrease of about 0.8%[11]