Hangzhou Kelin(SH:688611)2022-04-19 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 30,446,373.38, representing a year-on-year increase of 33.95%[4] - The net profit attributable to shareholders was CNY 10,822,972.76, reflecting a growth of 48.75% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 10,759,293.69, which is an increase of 74.59% year-on-year[4] - The net profit for Q1 2022 was CNY 10,822,972.76, an increase of 48.5% compared to CNY 7,276,155.2 in Q1 2021[16] - Operating profit for Q1 2022 reached CNY 9,479,890.17, up from CNY 8,337,440.71 in the same period last year, reflecting a growth of 13.7%[16] - The company reported a total comprehensive income of CNY 10,822,972.76 for Q1 2022, which is a 48.5% increase from CNY 7,276,155.2 in Q1 2021[17] Revenue and Costs - Total operating revenue for Q1 2022 was RMB 30,446,373.38, an increase of 34.5% compared to RMB 22,728,971.15 in Q1 2021[15] - Total operating costs for Q1 2022 were RMB 23,851,302.38, up 28.5% from RMB 18,544,114.4 in Q1 2021[15] - Gross profit for Q1 2022 was RMB 6,595,071.00, representing a gross margin of approximately 21.7%[15] - Total revenue from sales of goods and services in Q1 2022 was CNY 75,259,755.41, compared to CNY 27,602,760.70 in Q1 2021, indicating a growth of 172.5%[18] Cash Flow and Assets - The net cash flow from operating activities was CNY 18,183,948.28, with a significant recovery of accounts receivable from the previous year[7] - Cash flow from operating activities generated a net amount of CNY 18,183,948.28, a significant improvement from a net outflow of CNY 34,043,503.02 in Q1 2021[19] - Cash and cash equivalents decreased to RMB 64,692,919.24 from RMB 242,529,873.39 at the end of 2021[11] - Cash and cash equivalents at the end of Q1 2022 were CNY 64,282,200.11, down from CNY 177,916,162.5 at the end of Q1 2021[19] - The company experienced a net cash decrease of CNY 177,837,004.01 in Q1 2022, compared to a decrease of CNY 78,613,311.24 in Q1 2021[19] Research and Development - Research and development expenses totaled CNY 5,753,595.99, accounting for 18.90% of operating revenue, a decrease of 4.86 percentage points from the previous year[5] - Research and development expenses for Q1 2022 amounted to RMB 5,753,595.99, slightly up from RMB 5,400,185.32 in Q1 2021[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 894,862,840.64, down 2.16% from the end of the previous year[5] - Total assets as of March 31, 2022, were RMB 894,862,840.64, a decrease from RMB 914,622,433.08 at the end of 2021[14] - Total liabilities as of March 31, 2022, were RMB 46,595,512.20, down from RMB 77,178,077.40 at the end of 2021[13] - The company's total equity as of March 31, 2022, was RMB 848,267,328.44, an increase from RMB 837,444,355.68 at the end of 2021[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 2,842[9] - The top shareholder, Xie Dong, holds 25,039,438 shares, accounting for 44.79% of the total shares[9] Other Information - The company experienced significant revenue growth primarily due to increased business from customers in other provinces[7] - The company did not report any net profit from subsidiaries prior to consolidation in Q1 2022[17] - The company is not applying the new accounting standards for the first time in 2022[20] - The weighted average return on equity was 1.28%, a decrease of 0.8 percentage points[4] - Accounts receivable as of March 31, 2022, were RMB 96,007,664.04, down from RMB 141,105,695.78 at the end of 2021[12] - Inventory as of March 31, 2022, was RMB 53,109,940.72, slightly up from RMB 51,524,200.00 at the end of 2021[12] - The total cash outflow from investing activities was CNY 305,648,528.83, compared to CNY 267,900,000 in Q1 2021, representing an increase of 14.1%[19]