Geovis(SH:688568)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥144,631,191.28, representing a year-on-year increase of 44.79%[2] - The net profit attributable to shareholders was -¥967,076.58, with a net profit excluding non-recurring gains and losses of -¥15,313,659.98[3] - The net cash flow from operating activities was -¥219,762,414.46, primarily due to increased payments for goods and higher personnel expenses[3] - Total operating revenue for Q1 2022 was approximately ¥144.63 million, a 44.7% increase from ¥99.89 million in Q1 2021[15] - Total operating costs for Q1 2022 were approximately ¥158.90 million, up 45% from ¥109.51 million in Q1 2021[15] - Net profit for Q1 2022 was approximately -¥2.24 million, an improvement from -¥5.48 million in Q1 2021[16] - Other income for Q1 2022 was approximately ¥15.25 million, up from ¥7.13 million in Q1 2021[15] - Investment loss for Q1 2022 was approximately -¥4.42 million, compared to a gain of ¥0.20 million in Q1 2021[15] - Tax expenses for Q1 2022 were approximately -¥647,243.89, compared to ¥642,384.60 in Q1 2021[16] Cash Flow - The net cash flow from operating activities was -$219.76 million, compared to -$143.89 million in the previous year, indicating a decline of approximately 52.7%[19] - Total cash outflow from investing activities was $158.88 million, significantly lower than $542.77 million in the same period last year, representing a decrease of about 70.7%[19] - The net cash flow from financing activities was -$135.62 million, showing a substantial increase in outflows compared to the previous year[19] - The net increase in cash and cash equivalents was -$476.16 million, slightly better than -$485.99 million in the prior year[20] - The ending balance of cash and cash equivalents was $579.95 million, up from $413.46 million year-over-year, reflecting an increase of approximately 40.3%[20] - Cash received from investment activities totaled $38.10 million, a significant decrease from $200.68 million in the previous year, representing a decline of about 81.0%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,089,452,721.82, a decrease of 11.58% from the end of the previous year[3] - As of March 31, 2022, total current assets amounted to RMB 1,857,383,481.71, a decrease of 13.4% from RMB 2,145,769,142.90 on December 31, 2021[12] - Total liabilities decreased to RMB 596,766,381.18 from RMB 884,142,915.38, a reduction of 32.5%[14] - Total equity attributable to shareholders increased slightly to RMB 1,439,380,175.58 from RMB 1,434,418,132.05[14] - Non-current assets totaled RMB 232,069,240.11, an increase of 6.7% from RMB 217,369,454.29[13] - The company’s total assets decreased to RMB 2,089,452,721.82 from RMB 2,363,138,597.19, a decline of 11.6%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,266[8] - The largest shareholder, Zhongke Jiudu (Beijing) Information Technology Co., Ltd., held 31.43% of the shares[8] Research and Development - Research and development expenses totaled ¥41,274,327.29, an increase of 78.22% compared to the previous year, accounting for 28.54% of operating revenue[3] - Research and development expenses for Q1 2022 were approximately ¥33.72 million, a significant increase of 69.7% compared to ¥19.88 million in Q1 2021[15] Employee Compensation - The company paid $109.72 million in employee compensation, which is an increase from $76.36 million in the previous year, marking a rise of about 43.7%[19] Government Support - The company received government subsidies amounting to ¥18,826,473.83, contributing to the overall financial performance[4] Strategic Focus - The company is focusing on expanding its market presence and enhancing its product development strategy, particularly in the GEOVIS 6 digital earth project[7] Accounting Standards - The company has implemented new accounting standards starting in 2022, which may affect financial reporting and analysis going forward[20]