Polyrocks(SH:688669)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥943,789,396.16, representing a year-on-year increase of 65.32%[5] - The net profit attributable to shareholders decreased by 35.53% to ¥16,950,318.51, while the net profit after deducting non-recurring gains and losses fell by 54.20% to ¥11,665,106.89[5] - The company reported a significant increase in inventory, which rose to approximately ¥540.23 million from ¥457.17 million[18] - Total operating revenue for Q1 2022 reached CNY 943.79 million, a significant increase of 65% compared to CNY 570.88 million in Q1 2021[20] - Net profit for Q1 2022 was CNY 25.46 million, a decrease of 21.5% from CNY 32.48 million in Q1 2021[21] - The company reported a total comprehensive income of CNY 27.72 million for Q1 2022, down from CNY 32.60 million in Q1 2021[22] Cash Flow - The net cash flow from operating activities was negative at -¥122,660,184.94, indicating a cash outflow during the quarter[6] - Cash inflow from operating activities in Q1 2022 was CNY 822.53 million, compared to CNY 423.42 million in Q1 2021, representing a 94% increase[23] - The net cash flow from operating activities was -$122.66 million, compared to -$95.53 million in the previous year, indicating a decline in operational cash generation[25] - Total cash outflow from operating activities amounted to $945.20 million, up from $518.95 million year-over-year[25] - The ending cash and cash equivalents balance was $323.47 million, down from $750.35 million at the end of the previous year[26] Expenses and Costs - The company reported a 77.83% increase in operating costs, primarily due to the increase in operating revenue[10] - Research and development expenses totaled ¥29,526,204.70, which is an increase of 50.99% compared to the previous year, accounting for 3.13% of operating revenue[6] - Research and development expenses for Q1 2022 were CNY 29.53 million, up from CNY 19.55 million in Q1 2021, indicating a focus on innovation[20] - The company paid $67.83 million in employee compensation, an increase from $42.93 million in the previous year[25] Assets and Liabilities - Total assets increased by 7.99% to ¥3,872,399,614.46 compared to the end of the previous year[6] - The company's total liabilities as of Q1 2022 amounted to CNY 2.16 billion, an increase from CNY 1.91 billion in the previous year[20] - Total current assets amounted to approximately ¥2.49 billion, compared to ¥2.25 billion at the end of 2021, reflecting a growth of about 10.6%[18] - Total assets reached approximately ¥3.87 billion, up from ¥3.59 billion at the end of 2021, indicating an increase of about 8%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 6,214[13] - The largest shareholder, Guangzhou Shishan Investment Management Co., Ltd., holds 36,800,000 shares, representing 39.43% of total shares[13] Financial Ratios - The weighted average return on equity decreased to 1.50%, down by 0.75 percentage points compared to the previous year[6] - Earnings per share for Q1 2022 were CNY 0.27, down from CNY 0.36 in Q1 2021[22] Other Financial Activities - The net cash flow from investing activities was -$72.54 million, slightly worse than -$71.99 million in the same quarter last year[25] - Cash inflow from financing activities was $398.72 million, a significant decrease from $936.10 million in the previous year[26] - The net cash flow from financing activities was $119.16 million, down from $778.94 million year-over-year[26] - Total cash outflow related to financing activities was $279.56 million, compared to $157.15 million in the previous year[26] - The impact of exchange rate changes on cash and cash equivalents was -$0.58 million, contrasting with a positive impact of $2.99 million in the previous year[26]