EXPL(002096)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥474,717,844.37, representing a 16.93% increase compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥13,068,062.18, an improvement of 37.80% from a loss of ¥17,812,246.82 in the previous year[3] - The company reported a total comprehensive loss of CNY -18,973,171.33, compared to CNY -6,437,400.85 in the previous year[26] - Operating profit was reported at CNY -14,317,397.19, compared to CNY -7,825,497.55 in the same period last year, indicating a worsening performance[24] - Net profit for the quarter was CNY -13,464,829.52, a decline from CNY -9,561,636.37 year-over-year[26] Cash Flow - The net cash flow from operating activities was -¥163,743,676.61, a decline of 203.24% compared to -¥63,846,470.97 in the same period last year[3] - Total cash inflow from operating activities was 381,194,829.06, down from 494,543,597.12 in the previous period[30] - Cash outflow for operating activities totaled 544,938,505.67, slightly down from 548,542,226.92 in the previous period[30] - Net cash flow from investing activities was 34,634,040.22, recovering from -25,718,924.79 in the previous period[30] - Cash inflow from financing activities was 294,079,204.54, compared to 232,000,000.00 in the previous period[30] - Net cash flow from financing activities was 5,868,992.25, improving from -35,096,262.66 in the previous period[30] - The ending balance of cash and cash equivalents was 344,571,469.92, down from 578,575,347.49 in the previous period[30] - The company’s cash flow from operating activities showed a significant decline, indicating potential challenges in revenue generation[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,700,270,804.18, down 4.98% from the previous year-end[5] - The total liabilities decreased to CNY 1,820,029,990.29 from CNY 2,005,155,913.73, reflecting a reduction of 9.2%[22] - The equity attributable to shareholders decreased by 0.52% to ¥1,837,641,491.40 compared to the previous year-end[5] - The company reported a total of ¥1,848,459,840.60 in current assets, down from ¥1,993,546,831.49, a decrease of approximately 7.3%[20] - The total non-current assets were ¥1,851,810,963.58, down from ¥1,900,784,870.46, reflecting a decrease of about 2.6%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 28,707[13] - The largest shareholder, Hunan Nanling Chemical Group Co., Ltd., holds 40.65% of shares, totaling 154,545,912 shares[13] - The company has a total of 10 major shareholders, with Hunan Shenfu Investment Management Co., Ltd. holding 22.75% of shares, totaling 86,492,900 shares[13] Operational Highlights - The company received government subsidies amounting to ¥1,511,680.61 during the reporting period[7] - The company reported a decrease in accounts receivable by 32.54% to ¥60,606,393.14 due to reduced use of bill settlements[11] - Long-term borrowings increased by 109.93% to ¥95,485,000.00, reflecting new bank loans received during the period[11] - The company disposed of equity in an associate, generating an investment income of ¥194,415.56[11] - The company plans to continue its market expansion and product development strategies in the upcoming quarters[6] Cost and Expenses - Total operating costs amounted to CNY 491,306,649.01, up from CNY 417,876,581.45, reflecting a year-over-year increase of 17.5%[24] - Research and development expenses were CNY 13,270,695.12, down from CNY 17,695,770.01, showing a decrease of 25.3%[24] - Financial expenses increased to CNY 6,903,392.01 from CNY 4,790,186.85, representing a rise of 44.1%[24] - Other income for the quarter was CNY 1,511,680.61, down from CNY 4,064,121.89, indicating a decrease of 62.8%[24] Accounts Receivable and Inventory - Accounts receivable increased to ¥459,044,741.56 from ¥362,775,138.96, reflecting a growth of about 26.5%[18] - Inventory decreased to ¥727,440,911.61 from ¥816,608,473.27, indicating a reduction of approximately 10.9%[20]