Eastcompeace(SZ:002017)2022-04-19 16:00Financial Performance - The company's revenue for Q1 2022 was ¥272,802,431.22, representing a 12.00% increase compared to ¥243,569,752.97 in the same period last year[4] - Net profit attributable to shareholders for Q1 2022 was ¥8,440,714.08, a 25.12% increase from ¥6,746,097.46 year-on-year[4] - The basic earnings per share for Q1 2022 was ¥0.0189, up 25.17% from ¥0.0151 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 272,802,431.22, an increase from CNY 243,569,752.97 in the previous period[21] - The net profit for the first quarter of 2022 was CNY 8,945,333.52, an increase of 18.2% compared to CNY 7,565,011.31 in the same period last year[22] - The total comprehensive income for the first quarter was CNY 7,660,813.05, a decrease from CNY 8,099,551.98 in the previous year[23] - Basic and diluted earnings per share were both CNY 0.0189, up from CNY 0.0151 in the same period last year[23] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥2,347,759,495.53, an increase of 2.71% from ¥2,285,851,972.92 at the end of the previous year[4] - Cash and cash equivalents at the end of Q1 2022 were CNY 1,434,109,454.92, a decrease from CNY 1,459,810,778.91 at the beginning of the year[17] - Total assets as of March 31, 2022, were CNY 2,347,759,495.53, compared to CNY 2,285,851,972.92 at the beginning of the year[19] - Total liabilities increased to CNY 891,804,246.20 from CNY 837,557,536.65 at the beginning of the year[19] - Shareholders' equity totaled CNY 1,455,955,249.33 as of March 31, 2022, compared to CNY 1,448,294,436.27 at the beginning of the year[19] Cash Flow - The net cash flow from operating activities for Q1 2022 was -¥39,051,587.10, a significant decrease of 201.97% compared to ¥38,297,219.14 in the same period last year[4] - The company reported a cash flow from operating activities of CNY -39,051,587.10, compared to CNY 38,297,219.14 in the same period last year, indicating a significant decline[26] - The investment activities generated a net cash flow of CNY 2,535,288.05, recovering from a negative cash flow of CNY -14,797,190.69 in the previous year[26] - The financing activities resulted in a net cash flow of CNY 12,573,209.45, down from CNY 52,047,164.74 in the same period last year[27] Operational Metrics - Total operating costs for Q1 2022 amounted to CNY 260,913,282.51, up from CNY 231,696,819.88 in the previous period[21] - Accounts receivable increased by 50.86% to ¥215,010,000 at the end of the reporting period, primarily due to business growth[8] - Accounts receivable increased to CNY 215,011,885.96 from CNY 142,524,218.37 at the beginning of the year, reflecting a significant growth in receivables[17] - Inventory at the end of Q1 2022 was CNY 315,927,136.52, slightly up from CNY 305,620,513.03 at the beginning of the year[17] - The company incurred a total of CNY 182,637,622.40 in cash payments for goods and services, which increased from CNY 120,532,116.52 in the previous year[26] Other Income and Expenses - The company reported a 421.05% increase in other income, mainly due to government subsidies received[10] - The company experienced a 30.07% decrease in financial expenses, mainly due to increased exchange losses[10] - Research and development expenses amounted to CNY 21,469,716.27, slightly decreased from CNY 21,941,483.73 in the previous year[22] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[21]