Speechocean(SH:688787)2022-04-28 16:00Revenue and Profit - Revenue for Q1 2022 was CNY 47,876,427.23, representing an increase of 8.22% year-over-year[5] - Net profit attributable to shareholders decreased by 42.25% to CNY 9,437,853.93[5] - Net profit excluding non-recurring gains and losses fell by 68.43% to CNY 4,521,816.29[5] - The total operating revenue for Q1 2022 was CNY 47,876,427.23, an increase of 14.9% compared to CNY 44,238,877.46 in Q1 2021[21] - Net profit for Q1 2022 was CNY 9,437,853.93, down from CNY 16,341,743.76 in Q1 2021, reflecting a decrease of approximately 42.5%[23] - The total comprehensive income for Q1 2022 was CNY 9,439,473.63, compared to CNY 16,346,115.36 in Q1 2021, reflecting a decline of about 42.3%[23] Cash Flow and Assets - Net cash flow from operating activities was CNY 4,768,088.45, down 74.17% compared to the previous year[6] - The company reported a net cash flow from operating activities of CNY 4,768,088.45 in Q1 2022, a significant decline from CNY 18,456,157.25 in Q1 2021[25] - Cash and cash equivalents as of March 31, 2022, were CNY 262,145,504.62, down from CNY 277,703,399.65 as of December 31, 2021, representing a decrease of 5.2%[18] - Total current assets amounted to CNY 807,566,153.97, slightly down from CNY 808,923,521.70 at the end of 2021, indicating a decrease of 0.2%[18] - Accounts receivable decreased to CNY 75,536,438.00 from CNY 90,196,484.25, a decline of 16.3%[18] - Inventory increased to CNY 11,887,347.83 from CNY 8,545,495.27, reflecting a growth of 39.3%[18] - Total liabilities decreased to CNY 23,585,868.48 from CNY 34,754,993.04, a reduction of 32.1%[20] - Total equity attributable to shareholders increased to CNY 815,347,876.68 from CNY 805,908,403.05, an increase of 1.8%[20] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 262,145,504.62, down from CNY 35,355,108.79 at the end of Q1 2021[26] Research and Development - R&D investment totaled CNY 17,934,730.30, an increase of 81.00% year-over-year[6] - R&D expenditure accounted for 37.46% of revenue, up 15.06 percentage points from the previous year[6] - R&D expenses increased by 802.63 million, representing an 81.00% year-on-year growth rate, which was a core factor leading to the profit decline[9] - Research and development expenses rose significantly to CNY 17,934,730.30 in Q1 2022, compared to CNY 9,908,463.03 in Q1 2021, marking an increase of about 80.8%[22] Earnings Per Share - Basic and diluted earnings per share were both CNY 0.22, a decrease of 56.86%[6] - Basic earnings per share for Q1 2022 were 0.22 yuan, a decrease of 56.86% compared to the same period last year[9] - Basic and diluted earnings per share for Q1 2022 were CNY 0.22, down from CNY 0.51 in Q1 2021, representing a decrease of approximately 56.9%[23] Employee and Compensation - The number of employees increased by 70.97% year-on-year, contributing to higher cash payments to employees[9] - The company reported a decrease in employee compensation payable from CNY 14,596,143.92 to CNY 2,741,521.36, a significant drop of 81.2%[19] Strategic Focus - The company is focusing on expanding its smart driving data services and upgrading its supply chain system as part of its strategic plan[9] Other Income and Costs - Non-recurring gains totaled CNY 4,916,037.64, with significant contributions from government subsidies and other non-operating income[8] - The total operating costs for Q1 2022 were CNY 46,751,665.41, an increase from CNY 30,494,709.15 in Q1 2021, representing a growth of approximately 53.4%[22] - The company reported other income of CNY 5,149,508.95 in Q1 2022, an increase from CNY 2,716,416.92 in Q1 2021, indicating a growth of approximately 89.6%[22] Outlook - The company has not provided any specific guidance or outlook for future performance in the report[15]