Recodeal(SH:688800)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 reached ¥361,986,945.87, representing a year-on-year increase of 144.34%[2] - Net profit attributable to shareholders was ¥55,763,444.36, reflecting a significant increase of 241.11% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,053,498.99, up by 232.70% year-on-year[2] - The basic earnings per share (EPS) was ¥0.52, an increase of 155.83% from the previous year[2] - Operating profit for Q1 2022 was RMB 63,784,534.03, up from RMB 18,748,380.10 in Q1 2021, representing an increase of 240.5%[14] - Net profit for Q1 2022 was RMB 55,769,780.09, compared to RMB 16,285,594.76 in Q1 2021, marking an increase of 242.5%[15] - The company reported a basic earnings per share of RMB 0.52 for Q1 2022, compared to RMB 0.20 in Q1 2021, indicating a 160% increase[15] Research and Development - Research and development (R&D) expenses totaled ¥13,584,542.59, marking an increase of 86.09% year-on-year[2] - Research and development expenses in Q1 2022 amounted to RMB 13,584,542.59, up from RMB 7,299,867.39 in Q1 2021, reflecting an increase of 86.1%[14] - The proportion of R&D expenses to operating revenue decreased to 3.75%, down by 1.17 percentage points[3] Cash Flow and Liquidity - The net cash flow from operating activities was -¥40,904,005.65, a decrease of 438.72% year-on-year, primarily due to increased costs for raw materials and expenses[4] - Cash flow from operating activities in Q1 2022 was negative at RMB -40,904,005.65, compared to a positive RMB 12,075,961.71 in Q1 2021[17] - Cash and cash equivalents decreased to RMB 340,322,892.64 from RMB 461,212,048.08, representing a decline of approximately 26.2%[9] - Cash and cash equivalents at the end of Q1 2022 totaled RMB 313,717,052.24, a decrease from RMB 439,535,918.40 at the beginning of the quarter[18] - Investment activities resulted in a net cash outflow of RMB -134,409,672.75 in Q1 2022, compared to RMB -88,599,262.22 in Q1 2021[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,764,223,037.03, a growth of 14.79% compared to the end of the previous year[3] - As of March 31, 2022, the total assets of the company amounted to RMB 1,764,223,037.03, an increase from RMB 1,536,877,592.01 at the end of 2021, reflecting a growth of approximately 14.8%[9] - The company's current assets totaled RMB 1,451,649,121.30, up from RMB 1,266,620,744.72, indicating an increase of about 14.6%[9] - The total liabilities increased to RMB 711,115,553.04 from RMB 539,170,816.84, which is an increase of about 31.9%[11] - The company's equity attributable to shareholders reached RMB 1,052,722,586.01, up from RMB 997,328,212.92, reflecting a growth of approximately 5.6%[11] - The company's total non-current assets were RMB 312,573,915.73, up from RMB 270,256,847.29, showing an increase of approximately 15.7%[10] Inventory and Receivables - Accounts receivable rose to RMB 468,887,632.86, compared to RMB 369,179,183.42, marking an increase of around 27%[9] - The inventory increased to RMB 297,008,819.80 from RMB 255,888,862.77, indicating a rise of about 16.1%[10] Shareholder Information - The company has a total of 10 major shareholders, with the largest being 中信里昂资产管理有限公司, holding RMB 689,803[7] Operating Costs and Expenses - Total operating costs for Q1 2022 were RMB 300,646,057.41, an increase of 128.7% from RMB 131,308,824.67 in Q1 2021[14] - The company incurred a tax expense of RMB 8,006,753.94 in Q1 2022, compared to RMB 2,458,952.86 in Q1 2021, reflecting an increase of 225.5%[15] Market Demand - The company experienced significant growth in revenue driven by increased demand in the new energy market and a rise in orders[4]