Financial Performance - The company's revenue for Q1 2022 was CNY 304,798,211.71, representing a 10.62% increase compared to CNY 275,546,377.47 in the same period last year[3] - Net profit attributable to shareholders decreased by 28.50% to CNY 23,574,375.70 from CNY 32,973,206.72 year-on-year[3] - The basic earnings per share dropped by 46.81% to CNY 0.25 from CNY 0.47 in the previous year[3] - The company reported a net profit of CNY 10,000,000 for the quarter, compared to a net profit of CNY 8,000,000 in the same period last year, representing a growth of 25%[17] - Operating profit for the first quarter was CNY 29,619,424.24, down 27.4% from CNY 40,878,625.23 in the prior year[18] - The total profit before tax was CNY 29,555,838.52, down from CNY 40,935,079.73 in the previous year, indicating a decline of 28.0%[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,473,463,035.30, down 5.06% from CNY 1,551,983,735.02 at the end of the previous year[3] - Total assets decreased to CNY 1,473,463,035.30 from CNY 1,551,983,735.02, a reduction of 5.0%[15] - Total liabilities decreased to CNY 201,575,435.57 from CNY 303,670,510.99, a decline of 33.5%[15] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -73,385,165.59, worsening by 25.73% compared to CNY -58,365,435.80 in the previous year[3] - The net cash flow from operating activities was negative CNY 73,385,165.59, worsening from negative CNY 58,365,435.80 in the same period last year[21] - Cash and cash equivalents decreased significantly to CNY 353,426,330.10 from CNY 774,343,473.44, a decline of 54.4%[13] - Cash and cash equivalents at the end of the period were CNY 353,426,330.10, significantly up from CNY 49,433,384.91 at the end of the previous year[22] - The company reported a net cash outflow from investing activities of CNY 343,743,997.02, compared to a net outflow of CNY 131,610,195.52 in the previous year[22] - Total cash inflow from financing activities was CNY 808,477.85, while cash outflow was CNY 4,596,458.58, resulting in a net cash outflow of CNY 3,787,980.73[22] Expenses - Management expenses rose by 39.95% to CNY 15,027,363.30, attributed to increased employee compensation due to company expansion[8] - Research and development expenses increased to CNY 5,549,634.50 from CNY 4,516,467.83, a rise of 22.8%[17] - Total operating costs amounted to CNY 271,972,845.66, up 18.1% from CNY 230,372,456.32 in the prior year[17] Receivables and Impairments - Accounts receivable increased to CNY 124,023,198.75 from CNY 95,548,605.81, indicating a 29.7% rise in outstanding receivables[13] - The company reported a significant increase in other receivables by 297.37% to CNY 23,145,893.08, primarily due to the payment of related deposits[7] - The company recorded a 19187.39% increase in credit impairment losses, amounting to CNY -2,324,563.96, due to higher bad debt provisions corresponding to increased sales[8] Future Plans - The company has no plans for major new product launches or acquisitions mentioned in the report[3] - The company plans to expand its market presence and invest in new product development to drive future growth[16] Audit Information - The company did not undergo an audit for the first quarter report[23]
洪兴股份(001209) - 2022 Q1 - 季度财报