ETI(SZ:002005)2022-04-28 16:00Revenue and Profitability - The company's revenue for Q1 2022 was ¥352,707,362.68, a decrease of 32.55% compared to ¥522,928,602.22 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥50,947,996.63, an improvement of 8.89% from a loss of ¥55,921,643.17 in the previous year[3] - The company's revenue from sales of goods and services decreased by 31.04% to CNY 445,187,812.90 compared to the previous period[8] - Operating income decreased by 67.23% to CNY 940,580.11, primarily due to a reduction in supplier discounts[8] - The company reported total operating revenue of RMB 352.71 million, a decrease of 32.55% compared to the same period last year[13] - Operating profit was RMB -52.02 million, an increase of 11.92% year-on-year[13] - Net profit attributable to shareholders was RMB -50.95 million, reflecting an increase of 8.9% compared to the previous year[13] - The company’s total comprehensive loss for the current period is ¥61,738,636.80, compared to a loss of ¥50,265,296.21 in the previous period[22] Cash Flow and Financial Position - The net cash flow from operating activities was ¥23,106,087.40, a significant increase of 132.46% compared to a negative cash flow of ¥71,192,497.03 in the same period last year[3] - Cash and cash equivalents amounted to RMB 403.88 million, an increase from RMB 385.94 million at the beginning of the period[16] - The company reported a net loss of ¥51,302,726.60 for the current period, an improvement from a net loss of ¥56,534,293.79 in the previous period[22] - Cash and cash equivalents at the end of the period amount to ¥304,561,854.98, an increase from ¥226,087,837.68 at the end of the previous period[26] - The company experienced a decrease in sales revenue from customers, totaling ¥445,187,812.90, compared to ¥645,585,850.49 in the previous period[25] - The company’s investment activities resulted in a net cash outflow of -¥2,302,097.55, compared to a net inflow of ¥22,711,893.93 in the previous period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,189,147,640.58, down 7.02% from ¥3,430,010,841.54 at the end of the previous year[3] - The equity attributable to shareholders decreased by 4.37% to ¥1,343,708,467.46 from ¥1,405,092,374.29 at the end of the previous year[3] - Current liabilities totaled RMB 1,541.04 million, down from RMB 1,711.31 million at the beginning of the period[18] - Total liabilities were RMB 1,676.20 million, a decrease from RMB 1,855.33 million at the beginning of the period[18] Expenses and Investments - The company's development expenditure increased by 58.15% to ¥7,867,864.31, reflecting increased investment in small appliance R&D[7] - The company's management expenses decreased by 48.74% to ¥48,555,252.05, primarily due to a reduction in personnel and salary expenses[7] - The company's financial expenses showed a significant decrease of 165.22%, resulting in a gain of -¥3,042,669.57 due to currency exchange rate changes[7] - Cash paid to employees decreased by 52.32% to CNY 71,785,232.68, attributed to a reduction in sales scale[8] - Cash paid for fixed assets, intangible assets, and other long-term assets decreased by 90.44% to CNY 4,877,491.40, mainly due to reduced payments for small appliance molds and chip business[8] - Cash paid for other operating activities decreased by 80.59% to CNY 21,819,637.92, primarily due to reduced management fees and deposits[8] Shareholder Information - The company had a total of 47,654 common shareholders at the end of the reporting period[10] - The largest shareholder, Zhejiang Chengze Technology Co., Ltd., holds 9.83% of the shares, totaling 172,346,953 shares[11] - The company experienced a 99.11% decrease in income tax expenses, amounting to CNY 593.81, due to reduced profitability of subsidiaries[8]