NCIC(SZ:002246)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was ¥540,229,264.03, representing a 2.15% increase compared to ¥528,880,029.30 in the same period last year[4] - Net profit attributable to shareholders decreased by 41.74% to ¥15,835,536.84 from ¥27,180,137.06 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥14,094,196.12, down 39.59% from ¥23,332,043.93 in the previous year[4] - The basic earnings per share fell by 41.82% to ¥0.0288 from ¥0.0495 in the same period last year[4] - The net profit for Q1 2022 was CNY 13,593,109.48, a decrease of 49.3% compared to CNY 26,723,680.56 in Q1 2021[19] - The total profit for Q1 2022 was CNY 17,852,351.38, down 45.4% from CNY 32,776,120.21 in the same period last year[19] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.0288, a decline of 41.5% from CNY 0.0495 in Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥147,750,792.28, slightly improved from -¥147,766,675.02 in the previous year[4] - Cash flow from operating activities for Q1 2022 was negative CNY 147,750,792.28, slightly improved from negative CNY 147,766,675.02 in Q1 2021[21] - Cash inflow from investment activities in Q1 2022 was CNY 30,228,129.50, down 83.9% from CNY 187,308,705.73 in the previous year[23] - The net cash flow from investment activities was negative CNY 16,774,659.58, compared to negative CNY 26,228,042.40 in Q1 2021[23] - The total cash and cash equivalents at the end of Q1 2022 were CNY 1,184,840,936.13, an increase from CNY 966,087,269.92 at the end of Q1 2021[23] - The company reported operating cash inflows of CNY 279,394,054.71, down 23.4% from CNY 364,711,816.43 in Q1 2021[21] - The total operating cash outflows for Q1 2022 were CNY 427,144,846.99, a decrease from CNY 512,478,491.45 in the same period last year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,476,856,147.45, a decrease of 1.40% from ¥4,540,420,567.49 at the end of the previous year[4] - The total assets of the company decreased to CNY 4,476,856,147.45 from CNY 4,540,420,567.49, a decline of approximately 1.4%[16] - The total liabilities decreased to CNY 1,552,473,361.99 from CNY 1,630,860,043.15, reflecting a reduction of about 4.79%[16] - Cash and cash equivalents decreased to CNY 1,214,938,800.10 from CNY 1,384,735,032.27, a decline of approximately 12.24%[14] - Accounts receivable increased by 60.72% to ¥46,800,000, primarily due to increased sales[9] - Accounts receivable rose significantly to CNY 467,695,009.23 from CNY 290,993,323.18, marking an increase of about 60.73%[14] - Inventory levels slightly decreased to CNY 491,197,688.74 from CNY 494,047,511.73, a reduction of about 0.17%[15] Strategic Developments - The company did not report any new product developments or market expansion strategies during this quarter[4] - The company completed the re-election of its board of directors and supervisory board on April 18, 2022, indicating a strategic governance update[15] - Research and development expenses for the quarter were CNY 18,967,338.60, compared to CNY 17,466,858.76 in the previous period, showing an increase of about 8.59%[18] Profitability Metrics - The weighted average return on equity decreased to 0.58% from 1.03% year-on-year, a decline of 0.45%[4] - The total operating costs increased to CNY 524,803,383.37 from CNY 490,154,611.29, reflecting a rise of about 7.07%[18] - The net profit margin for the quarter is not explicitly stated, but the increase in operating revenue suggests potential profitability improvements[18] Audit and Compliance - The company did not conduct any audits for the Q1 2022 report[24]