MINHE(SZ:002234)2022-04-22 16:00Financial Performance - The company's revenue for Q1 2022 was ¥247,002,485.28, a decrease of 51.17% compared to ¥505,819,871.19 in the same period last year[4] - The net profit attributable to shareholders was -¥182,873,527.70, representing a decline of 236.08% from ¥134,387,730.43 year-on-year[4] - Basic and diluted earnings per share were both -¥0.52, down 218.18% from ¥0.44 in the same period last year[4] - Net profit for Q1 2022 was a loss of CNY 185,441,616.38, compared to a profit of CNY 133,778,172.52 in Q1 2021, representing a significant decline[19] Cash Flow - The net cash flow from operating activities was -¥129,024,483.15, a drop of 212.04% compared to ¥115,155,963.71 in the previous year[4] - Cash inflow from operating activities totaled 265,218,191.37, down from 519,696,790.59, representing a decrease of approximately 48.9%[22] - Cash outflow from operating activities was 394,242,674.52, slightly decreased from 404,540,826.88, indicating a reduction of about 2.9%[22] - The net cash flow from financing activities increased by 388.39% to ¥247,839,509.02, driven by an increase in bank borrowings[7] - The net cash flow from investing activities was -9,709,949.83, an improvement from -75,327,032.22 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,892,067,563.00, an increase of 1.32% from ¥3,841,190,886.27 at the end of the previous year[4] - The company's total liabilities increased to CNY 949,566,753.25, up 33.1% from CNY 713,448,460.14 year-on-year[17] - Total equity attributable to shareholders decreased to CNY 2,942,853,145.74, down 6.0% from CNY 3,125,726,673.44 in the previous year[17] Research and Development - Research and development expenses increased by 101.51% to ¥3,916,687.99 from ¥1,943,710.60 in the previous year, indicating a focus on product development[7] - Research and development expenses for Q1 2022 were CNY 3,916,687.99, an increase of 101.5% compared to CNY 1,943,710.60 in Q1 2021[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 40,081[9] - The largest shareholder, Sun Xianfa, holds 17.39% of shares, totaling 60,667,348 shares[9] Borrowings and Financing - The company reported a significant increase in short-term borrowings, rising by 60.09% to ¥676,150,000.00 from ¥422,350,000.00[7] - The company plans to publicly issue convertible bonds totaling ¥540 million with a term of 6 years[11] - The company has authorized the board to handle all matters related to the issuance of convertible bonds[11] Inventory and Current Assets - The company reported a decrease in inventory from ¥493,741,725.98 to ¥474,632,279.08, a decline of about 3.5%[15] - Total current assets increased to ¥1,613,216,303.72 from ¥1,570,827,071.35, a growth of approximately 2.5%[15] - Cash and cash equivalents rose to ¥760,716,765.37 from ¥656,030,440.61, an increase of about 15.9%[14] Sales and Operating Costs - Total operating costs increased to CNY 415,961,156.49, up 12.0% from CNY 371,274,873.65 year-on-year[18] - The company reported a significant increase in sales expenses, which rose to CNY 10,385,649.37, up 42.5% from CNY 7,290,305.74 year-on-year[18] Audit and Reporting - The company did not undergo an audit for the first quarter report[24]