Financial Performance - The company's operating revenue for Q1 2022 was CNY 113,359,326.35, representing a year-on-year increase of 44.27%[5] - Net profit attributable to shareholders decreased by 42.70% to CNY 4,835,032.14, primarily due to rising raw material costs and increased labor expenses[5] - The net profit after deducting non-recurring gains and losses dropped by 132.10% to CNY -2,182,513.23, reflecting higher operational costs[5] - Basic and diluted earnings per share were both CNY 0.03, down 57.14% year-on-year[6] - Total operating revenue for Q1 2022 reached ¥113,359,326.35, a significant increase of 44.4% compared to ¥78,576,662.59 in Q1 2021[18] - Net profit for Q1 2022 was ¥4,835,032.14, a decrease of 42.5% from ¥8,437,778.84 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was CNY -30,145,210.39, a decline of 274.03% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥30,145,210.39 in Q1 2022, compared to a net inflow of ¥17,321,900.65 in Q1 2021[22] - Cash inflow from investment activities was ¥15,075,151.69 in Q1 2022, down from ¥16,508,443.01 in Q1 2021[23] - Cash outflow from investment activities increased to ¥54,748,387.42 in Q1 2022, compared to ¥27,499,795.57 in Q1 2021, indicating higher capital expenditures[23] - Cash and cash equivalents decreased to CNY 48,098,621.65 from CNY 72,326,123.07, reflecting a decline of approximately 33.4%[15] - Cash inflow from financing activities totaled $55,125,125.48, a decrease from $228,174,528.30 in the previous period[24] - Net cash flow from financing activities was $52,061,400.91, compared to $206,481,794.78 previously[24] - Cash and cash equivalents at the end of the period amounted to $20,631,268.98, down from $247,319,826.07[24] - The net increase in cash and cash equivalents was -$17,757,045.21, contrasting with an increase of $212,804,275.82 in the prior period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,098,562,829.56, up 3.65% from the end of the previous year[6] - Current assets totaled CNY 742,911,325.40, slightly up from CNY 727,892,470.51 in the previous period[16] - Total liabilities increased to CNY 437,256,978.01 from CNY 403,393,266.80, marking an increase of about 8.4%[17] - Non-current assets totaled CNY 355,651,504.16, up from CNY 331,971,615.70, reflecting an increase of approximately 7.1%[16] - The company reported a total equity of CNY 661,305,851.55, which is the difference between total assets and total liabilities[17] Research and Development - Research and development (R&D) expenses totaled CNY 10,087,415.92, an increase of 94.31%, accounting for 8.90% of operating revenue[6] - Research and development expenses increased to ¥10,087,415.92 in Q1 2022, up 93.5% from ¥5,191,512.44 in Q1 2021, reflecting a focus on innovation[18] - The company plans to continue investing in R&D to enhance product offerings and address rising production costs[9] Shareholder Information - The company has a total of 10 major shareholders, with the largest being Shenzhen Tongchuang Weiye Asset Management Co., holding 19,522,320 shares[12] Inventory and Receivables - Accounts receivable increased to CNY 223,811,092.99, up from CNY 200,745,341.60, representing an increase of about 11.5%[15] - Inventory increased to CNY 159,989,547.54 from CNY 136,016,131.28, showing a growth of about 17.5%[16] Other Financial Metrics - The weighted average return on equity decreased by 1.38 percentage points to 0.73%[6] - Cash dividends and interest payments totaled $586,970.72, up from $333,324.13 in the previous period[24] - The impact of exchange rate changes on cash and cash equivalents was -$8,067.05[24] - The company did not apply the new accounting standards starting from 2022[24]
元琛科技(688659) - 2022 Q1 - 季度财报