Hollywave(SH:688682)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥54,337,775.03, representing a year-on-year increase of 21.10%[5] - The net profit attributable to shareholders decreased by 35.31% to ¥2,809,556.86 due to increased share-based payment expenses from the implementation of stock incentives[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses dropped by 96.72% to ¥124,825.38, primarily due to the same share-based payment expenses[6] - The basic and diluted earnings per share were both ¥0.08, reflecting a decrease of 50.00% year-on-year[6] - Net profit for Q1 2022 reached ¥4,909,257.08, a 13% increase from ¥4,342,797.47 in Q1 2021[21] - Basic and diluted earnings per share for Q1 2022 were both ¥0.08, down from ¥0.16 in Q1 2021[22] Research and Development - The total R&D investment reached ¥8,968,059.22, an increase of 116.40% compared to the previous year, accounting for 16.50% of operating revenue[6][9] - Research and development expenses in Q1 2022 were ¥8,968,059.22, a significant increase of 116.5% compared to ¥4,144,117.29 in Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥47,309,438.23, attributed to increased procurement expenditures[9] - The company reported a net cash flow from operating activities of -¥47,309,438.23 in Q1 2022, worsening from -¥32,611,037.55 in Q1 2021[23] - Net cash flow from investment activities was $53,863,437.45, compared to a negative cash flow of -$30,244,299.98 in the previous period[24] - Total cash inflow from investment activities amounted to $437,467,209.55, while cash outflow was $383,603,772.10, resulting in a net increase[24] - Cash flow from financing activities showed a net outflow of -$7,412,153.12, compared to -$877,995.10 in the previous period[24] - The ending balance of cash and cash equivalents was $91,314,201.76, down from $92,063,888.64 at the beginning of the period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥831,313,521.56, a decrease of 1.59% from the end of the previous year[6] - As of March 31, 2022, the total assets of the company amounted to RMB 831,313,521.56, a decrease from RMB 844,777,431.47 at the end of 2021, reflecting a decline of approximately 1.5%[16] - The company's total current liabilities decreased to RMB 189,000,000.00 from RMB 197,000,000.00, a reduction of about 4.1%[17] - The total liabilities of the company decreased to RMB 189,000,000.00 from RMB 197,000,000.00, indicating a reduction of about 4.1%[17] - The total liabilities decreased to ¥200,907,035.48 in Q1 2022 from ¥223,132,200.24 in Q1 2021[18] - The company's total non-current assets amounted to RMB 113,823,398.74, a marginal increase from RMB 113,277,894.94[17] Shareholder Information - The company had a total of 3,350 common shareholders at the end of the reporting period[10] - The top shareholder, Zhou Jianhua, held 27.57% of the shares, totaling 10,200,000 shares[11] Inventory and Receivables - The accounts receivable increased to RMB 168,984,237.19 from RMB 158,835,716.51, representing a growth of about 6.8%[16] - Inventory levels rose to RMB 44,543,791.29, compared to RMB 35,861,420.32 at the end of 2021, indicating an increase of approximately 24.3%[16] - The company reported a significant increase in prepayments, which rose to RMB 20,083,785.81 from RMB 4,999,474.85, marking an increase of approximately 301.7%[16] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[14]