MACMIC(SH:688711)2022-04-29 16:00Revenue and Profit - Revenue for Q1 2022 reached ¥139,993,013.88, representing a year-over-year increase of 34.17%[5] - Net profit attributable to shareholders decreased by 25.74% to ¥12,282,781.94[5] - Total operating revenue for Q1 2022 reached ¥139,993,013.88, a 34.2% increase from ¥104,337,184.40 in Q1 2021[21] - Net profit for Q1 2022 was ¥12,218,710.20, a decrease of 24.0% compared to ¥16,084,785.81 in Q1 2021[22] Earnings and Shareholder Information - Basic earnings per share fell by 44.31% to ¥0.12 due to increased costs[6][10] - The total number of common shareholders at the end of the reporting period was 5,779[13] - The top shareholder, Zhao Shanqi, holds 17,524,600 shares, representing 17.79% of total shares[13] - The total equity attributable to shareholders reached ¥884,676,346.21 in Q1 2022, compared to ¥876,502,937.20 in Q1 2021, indicating a slight increase[21] Research and Development - R&D investment totaled ¥11,936,146.61, up 101.74% compared to the previous year, accounting for 8.53% of revenue[6][10] - Research and development expenses increased to ¥11,936,146.61 in Q1 2022, compared to ¥5,916,665.58 in Q1 2021, reflecting a 101.5% rise[21] Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥3,664,450.59, attributed to increased cash payments for raw materials and operating expenses[11] - Cash flow from operating activities showed a net outflow of ¥3,664,450.59 in Q1 2022, an improvement from a net outflow of ¥19,788,638.51 in Q1 2021[24] - The net cash flow from investment activities was -44,911,192.31, indicating a significant outflow compared to the previous period's -15,157,807.48[25] - Cash inflow from financing activities totaled 61,193,461.21, up from 31,539,689.71 in the prior period[25] - The company experienced a net decrease in cash and cash equivalents of -32,450,518.49, compared to -4,402,479.94 in the prior period[25] Assets and Liabilities - Total assets decreased by 18.49% to ¥1,043,862,368.76 compared to the end of the previous year[6] - The company's total assets amounted to ¥1,043,862,368.76, a decrease from ¥1,280,714,866.30 as of December 31, 2021, reflecting a decline of approximately 18.5%[17] - Total liabilities amounted to ¥159,186,022.55 in Q1 2022, a decrease from ¥404,211,929.10 in Q1 2021[21] - The company's total current liabilities decreased to ¥142,000,000 from ¥170,629,427.52, reflecting a decline of about 16.8%[18] Inventory and Receivables - Accounts receivable decreased to ¥131,893,257.37 from ¥177,297,089.10, indicating a reduction of approximately 25.6%[17] - Inventory rose to ¥204,278,587.26 from ¥142,646,183.88, showing an increase of around 43.3%[17] - The company has a significant increase in other receivables, rising to ¥6,034,540.79 from ¥624,519.60, which is an increase of approximately 867.5%[17] Other Financial Metrics - The weighted average return on equity was 1.39%, down 5.53 percentage points year-over-year[6] - The company reported non-recurring gains of ¥1,932,439.61 from government subsidies[8] - The company did not apply the new accounting standards for the current year[25] - The company has not disclosed any new product developments or market expansion strategies in the current report[15] Cash Management - The company's cash and cash equivalents increased to ¥425,906,569.02 from ¥296,275,510.58, representing a growth of about 43.6%[17] - The total cash and cash equivalents at the end of the period were 425,906,569.02, down from 458,357,087.51 at the beginning of the period[25] - Cash outflow for debt repayment was 24,860,416.46, with dividend and interest payments totaling 20,207,920.34[25] - The company's cash flow management reflects a strategic approach to financing and investment despite the net decrease in cash[25] Report Issuance - The report was issued by Jiangsu Hongwei Technology Co., Ltd. on April 28, 2022[25]