VEICHI(SH:688698)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥198,848,635.78, representing a year-on-year increase of 17.79%[6] - The net profit attributable to shareholders of the listed company was ¥29,947,884.75, reflecting a significant increase of 40.99% compared to the same period last year[6] - The basic earnings per share for the period was ¥0.17, which is an increase of 41.67% year-on-year[9] - Total operating revenue for Q1 2022 was CNY 198,848,635.78, an increase of 17.8% compared to CNY 168,811,287.38 in Q1 2021[31] - Net profit for Q1 2022 reached CNY 29,949,396.72, compared to CNY 21,240,625.53 in Q1 2021, representing a growth of 41.5%[35] - The company reported a net cash outflow from operating activities of CNY -4,927,395.86 in Q1 2022, an improvement from CNY -21,661,482.73 in Q1 2021[56] Research and Development - Research and development (R&D) expenses totaled ¥22,230,927.93, marking a 39.75% increase from the previous year[9] - The proportion of R&D expenses to operating revenue was 11.18%, an increase of 1.76 percentage points year-on-year[9] - The company increased R&D investment, with R&D expenses of RMB 22.23 million, a year-on-year increase of 39.75%; as of the end of the reporting period, there were 325 R&D personnel, accounting for 31.46% of the total workforce[19] - In Q1 2022, the company added 10 new patents (including 1 invention patent), bringing the total number of valid patents to 134 (including 29 invention patents)[19] - Research and development expenses for Q1 2022 were CNY 22,230,927.93, an increase of 39.7% from CNY 15,907,258.49 in Q1 2021[31] - Research and development expenses increased to CNY 21,858,429.48 in Q1 2022, compared to CNY 15,907,258.49 in Q1 2021, reflecting a 37.4% rise[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,287,957,736.58, a 1.53% increase from the end of the previous year[9] - As of March 31, 2022, the company's total assets amounted to RMB 1,287.96 million, compared to RMB 1,268.56 million at the end of 2021[21] - The total assets increased to CNY 1,290,216,676.55 as of the end of Q1 2022, up from CNY 1,269,783,362.47 at the end of Q1 2021[50] - The total liabilities decreased to CNY 391,326,355.69 in Q1 2022 from CNY 401,729,045.65 in Q1 2021, a reduction of 2.5%[30] - The company’s total liabilities as of March 31, 2022, were CNY 391,158,535.71, a decrease from CNY 401,378,614.92 at the end of 2021[48] Cash Flow - The net cash flow from operating activities was negative at -¥5,920,851.40, indicating a non-applicable change[6] - Operating cash inflow for Q1 2022 was CNY 111,491,811.53, up from CNY 73,704,655.85 in Q1 2021, representing a growth of approximately 51.2%[42] - Cash inflow from investment activities in Q1 2022 was CNY 172,734,381.81, significantly higher than CNY 20,092,989.06 in Q1 2021[42] - Net cash flow from investment activities for Q1 2022 was -CNY 136,213,907.34, compared to -CNY 386,062,207.23 in Q1 2021, indicating a reduction in cash outflow[42] - The company’s cash outflow from financing activities in Q1 2022 was CNY 584,322.00, compared to CNY 26,110,358.33 in Q1 2021, indicating a significant reduction in cash outflow[42] Equity - The total equity attributable to shareholders of the listed company was ¥896,127,034.98, up 3.44% from the previous year[9] - The total equity increased to CNY 899,058,140.84 as of the end of Q1 2022, up from CNY 868,404,747.55 at the end of Q1 2021[50] - The total equity attributable to shareholders increased to CNY 896,127,034.98 in Q1 2022 from CNY 866,325,597.34 in Q1 2021, reflecting a growth of 3.4%[30] Revenue Breakdown - From the beginning of the year to the end of the reporting period, the main business revenue was RMB 189.09 million, accounting for 95.09% of total operating revenue; domestic main business revenue was RMB 165.92 million, up 10.58% year-on-year; overseas revenue was RMB 23.17 million, up 59.39% year-on-year[19] - The revenue from general products was RMB 57.87 million, a year-on-year increase of 17.58%; revenue from industry-specific machine products was RMB 73.58 million, a year-on-year decrease of 2.99%; revenue from servo systems and motion controllers was RMB 55.64 million, a year-on-year increase of 43.41%[19] Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[36]