Shenqi(SH:900904)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥588,244,525.86, representing a year-on-year increase of 6.41%[5] - The net profit attributable to shareholders was ¥23,465,067.59, reflecting a growth of 7.64% compared to the same period last year[5] - Total revenue for Q1 2022 reached ¥588.24 million, an increase of 6.5% compared to ¥552.79 million in Q1 2021[17] - The net profit for Q1 2022 was CNY 23,624,533.82, an increase from CNY 22,505,920.09 in Q1 2021, representing a growth of approximately 4.9%[18] - The total profit for Q1 2022 was CNY 30,819,843.57, compared to CNY 31,639,120.15 in Q1 2021, showing a decrease of about 2.6%[18] - Operating income for Q1 2022 was CNY 30,762,309.87, slightly down from CNY 31,612,408.50 in Q1 2021, indicating a decline of approximately 2.7%[18] - The total comprehensive income attributable to the parent company for Q1 2022 was CNY 15,776,859.98, slightly down from CNY 15,879,141.52 in Q1 2021, a decrease of about 0.6%[19] Cash Flow and Investments - The net cash flow from operating activities increased by 18.46%, amounting to ¥62,803,872.32[5] - The cash flow from operating activities for Q1 2022 was CNY 62,803,872.32, an increase from CNY 53,017,693.53 in Q1 2021, reflecting a growth of about 18.5%[21] - The net cash flow from investing activities for Q1 2022 was -CNY 5,654,225.83, an improvement from -CNY 10,109,530.00 in Q1 2021, indicating a reduction in cash outflow by approximately 44.9%[22] - The cash flow from financing activities for Q1 2022 was -CNY 17,774,068.93, worsening from -CNY 11,653,109.64 in Q1 2021, reflecting an increase in cash outflow by about 52.5%[22] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,210,364,341.87, a 1.95% increase from the end of the previous year[5] - Total assets as of March 31, 2022, amounted to ¥3.21 billion, up from ¥3.15 billion at the end of 2021, representing a growth of 1.5%[15] - Total liabilities increased to ¥802.47 million in Q1 2022 from ¥756.45 million in Q1 2021, marking a rise of 6.1%[15] - The company's equity attributable to shareholders was ¥2.36 billion as of March 31, 2022, compared to ¥2.34 billion at the end of 2021, reflecting a growth of 0.7%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,405[9] - The largest shareholder, Guizhou Magic Investment Co., Ltd., holds 24.59% of the shares, amounting to 131,301,620 shares[9] Research and Development - Research and development expenses decreased by 36.43%, indicating a reduction in investment in this area[7] - Research and development expenses decreased to ¥6.07 million in Q1 2022 from ¥9.55 million in Q1 2021, a reduction of 36.5%[17] Profitability Metrics - Gross profit margin for Q1 2022 was approximately 5.1%, compared to 5.4% in Q1 2021, indicating a slight decline in profitability[17] - The company reported a basic and diluted earnings per share of CNY 0.04 for both Q1 2022 and Q1 2021, indicating stability in earnings per share[19] Government Subsidies - The amount of government subsidies recognized in the current period was ¥789,305.25, which includes a significant subsidy of ¥571,060.71 from Guiyang for high-tech enterprises[6] Accounts Receivable and Inventory - Accounts receivable increased by 39.06% due to an increase in payments received via bank acceptance bills[7] - Inventory as of March 31, 2022, was ¥232.37 million, up from ¥205.13 million at the end of 2021, indicating an increase of 13.3%[13] Cash and Cash Equivalents - Cash and cash equivalents as of March 31, 2022, were ¥533.29 million, an increase from ¥493.80 million as of December 31, 2021[13] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 533,117,647.86, up from CNY 513,495,478.01 at the end of Q1 2021, marking an increase of approximately 3.8%[22] Other Comprehensive Income - The company recorded other comprehensive income after tax of -CNY 7,688,207.61 in Q1 2022, compared to -CNY 5,919,488.91 in Q1 2021, indicating a decline of approximately 29.8%[18]