GOHIGH(SZ:000851)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,023,380,906.44, a decrease of 22.77% compared to ¥1,325,154,466.79 in the same period last year[3] - Net profit attributable to shareholders was ¥2,058,604.36, an increase of 81.14% from ¥1,136,463.90 year-on-year[3] - Basic and diluted earnings per share were both ¥0.0018, up 38.46% from ¥0.0013 in the same period last year[3] - The company reported a total profit of ¥5,111,438.64, up from ¥1,488,867.69, an increase of approximately 243.5%[32] - Net profit increased significantly to ¥2,492,964.41 from ¥93,317.84, representing a growth of over 2560%[35] Cash Flow - The net cash flow from operating activities was -¥561,361,883.07, a decline of 189.95% compared to -¥193,604,484.50 in the previous year[3] - The company received cash from operating activities totaling ¥1,716,144,098.10, down from ¥2,204,318,854.06, a decrease of approximately 22.1%[39] - The net increase in cash and cash equivalents was -$583.31 million, compared to -$449.45 million previously[41] - The ending balance of cash and cash equivalents was $870.11 million, up from $499.90 million[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,774,137,588.15, a decrease of 0.36% from ¥9,809,635,399.53 at the end of the previous year[3] - Total current assets decreased from CNY 6,863,402,421.19 at the beginning of the year to CNY 6,686,473,405.46, a decline of approximately 2.58%[23] - Total liabilities decreased from CNY 4,787,308,768.58 to CNY 4,746,898,591.22, a decrease of approximately 0.85%[27] - Total non-current assets increased from CNY 2,946,232,978.34 to CNY 3,087,664,182.69, an increase of approximately 4.79%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 72,346[10] - The largest shareholder, Telecom Science and Technology Research Institute Co., Ltd., holds 13.06% of shares, totaling 148,862,012 shares[10] - A total of 3,728,000 shares (3.27% of total shares) will be granted under the 2022 restricted stock incentive plan to 145 individuals[16] Government Subsidies and Other Income - The company reported government subsidies of ¥4,256,689.29 recognized in the current period, contributing to non-recurring gains[5] - The company reported a 7150.23% increase in other operating income, amounting to ¥3,056,735.94, primarily due to government subsidies received[9] Changes in Business Operations - The company plans to change its name to "Datang Gaohong Network Co., Ltd." to better reflect its main business[19] - The company sold assets including properties in Beijing for a total of 69 million RMB, with specific sales of 35 million RMB for one property and 34 million RMB for another[16] - The company has completed the sale of 100% equity in Datang Gaohong Jining Electronic Information Technology Co., Ltd. for 138,158,100 RMB[16] Expenses - Research and development expenses decreased to ¥21,561,188.56 from ¥26,348,200.53, a reduction of approximately 18.1%[32] - Sales expenses decreased by 4.57% to ¥35,545,286.90, reflecting ongoing optimization in the company's IT sales business[6] Audit and Reporting - The company did not undergo an audit for the first quarter report[43] - The report was released on April 28, 2022, by the chairman, Fu Jinglin[43]