Dareway(SH:688579)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥32,156,606.47, representing a decrease of 4.43% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥8,360,376.19, with a net profit excluding non-recurring gains and losses at a loss of ¥12,368,623.77[5] - The company reported a net loss for Q1 2022, with total costs exceeding total revenue[21] - The net profit for Q1 2022 was -8,360,376.19 CNY, compared to -7,030,375.12 CNY in Q1 2021, reflecting a year-over-year decline of approximately 18.9%[22] - Operating profit for Q1 2022 was -9,269,724.96 CNY, slightly worse than -8,502,813.46 CNY in the same period last year[22] - Total revenue from sales and services received in Q1 2022 was 85,616,387.40 CNY, down from 90,183,940.60 CNY in Q1 2021, indicating a decrease of about 5.8%[24] - The total comprehensive income for Q1 2022 was -7,030,375.12 CNY, reflecting a decline from the previous year's total[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥51,137,101.07, indicating a significant cash outflow[6] - The net cash flow from operating activities in Q1 2022 was -51,137,101.07 CNY, worsening from -36,895,790.74 CNY in Q1 2021[25] - Cash and cash equivalents as of March 31, 2022, were CNY 406,304,403.76, down from CNY 494,040,957.76 at the end of 2021, representing a decrease of 17.71%[17] - The company reported a total cash and cash equivalents balance of 394,337,394.10 CNY at the end of Q1 2022, down from 512,859,758.89 CNY at the end of Q1 2021[26] - The total cash outflow from investing activities in Q1 2022 was 36,909,166.73 CNY, significantly lower than 100,373,894.35 CNY in Q1 2021[25] Expenses and Costs - Total operating costs for Q1 2022 increased to CNY 56,820,461.02, up 11.93% from CNY 50,779,677.36 in Q1 2021[21] - Research and development expenses totaled ¥31,383,144.79, accounting for 97.59% of operating revenue, an increase of 16.82 percentage points year-on-year[6] - Research and development expenses increased to 26,826,714.21 CNY in Q1 2022, up from 22,421,076.07 CNY in Q1 2021, marking a rise of approximately 19.5%[22] - The company incurred a credit impairment loss of 3,016,240.72 CNY in Q1 2022, compared to 1,941,086.79 CNY in Q1 2021, indicating an increase of approximately 55.5%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,660,267,582.07, down 3.54% from the end of the previous year[6] - Total assets as of March 31, 2022, were CNY 1,660,267,582.07, down from CNY 1,721,172,342.90 at the end of 2021[19] - Total liabilities decreased to CNY 392,151,860.95 from CNY 448,035,470.59, a reduction of 12.5%[19] - The company's equity attributable to shareholders was CNY 1,268,115,721.12, slightly down from CNY 1,273,136,872.31[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,713[13] - The largest shareholder, Shandong Shanda Capital Operation Co., Ltd., held 29.58% of the shares, totaling 118,342,400 shares[13] Inventory and Prepayments - The company experienced a significant increase in prepayments by 137.74% due to increased business procurement prepayments[10] - Inventory increased by 203.50%, primarily due to hardware and integration projects not yet accepted[10] - Accounts receivable decreased to CNY 142,709,569.78 from CNY 160,497,482.46, a decline of 11.09%[17] - Inventory increased significantly to CNY 51,588,667.10, up from CNY 16,997,781.84, marking a growth of 203.36%[17]