VTRON(SZ:002308)2022-04-27 16:00Financial Performance - The company's revenue for Q1 2022 was ¥128,954,548.09, representing a 20.45% increase compared to ¥107,061,887.79 in the same period last year[3]. - Net profit attributable to shareholders was ¥14,785,916.35, a significant increase of 281.67% from a loss of ¥8,138,765.45 in the previous year[3]. - The net profit after deducting non-recurring gains and losses was ¥11,881,435.38, up 168.35% from a loss of ¥17,382,437.06 year-on-year[3]. - The basic earnings per share increased to ¥0.02, compared to a loss of ¥0.01 in the same period last year, marking a 300.00% improvement[3]. - The total operating revenue for the first quarter was CNY 128,954,548.09, an increase from CNY 107,061,887.79 in the previous period[18]. - Operating costs amounted to CNY 115,807,804.03, down from CNY 123,414,683.26 year-over-year[18]. - The gross profit was CNY 13,146,744.06, resulting in a gross margin of approximately 10.21%[19]. - The company reported a comprehensive income total of CNY 14,735,982.15, compared to a loss of CNY 4,021,941.41 in the same period last year[20]. - Basic and diluted earnings per share were both CNY 0.02, recovering from a loss of CNY 0.01 per share in the previous period[20]. Assets and Liabilities - Total assets decreased by 3.69% to ¥2,259,613,502.54 from ¥2,346,095,006.97 at the end of the previous year[3]. - The total current liabilities decreased to CNY 186,549,028.72 from CNY 261,708,981.61, a reduction of about 28.7%[15]. - The company's inventory decreased to CNY 101,230,790.85 from CNY 107,111,537.78, reflecting a decline of approximately 5.5%[14]. - The non-current assets totaled CNY 347,453,962.82, down from CNY 394,634,708.45, indicating a decrease of about 11.9%[15]. - The total liabilities of the company decreased, indicating improved financial stability and reduced leverage[15]. - The total liabilities decreased to CNY 320,861,119.83 from CNY 422,078,606.41 in the previous period[19]. - The total equity attributable to shareholders of the parent company was CNY 1,938,887,870.88, slightly up from CNY 1,924,151,022.22[19]. Cash Flow - The company's cash flow from operating activities was negative at -¥20,932,336.74, slightly worse than -¥20,510,044.13 in the previous year, a decrease of 2.06%[3]. - Cash received from sales and services was approximately ¥128 million, a decrease of 13% compared to ¥148 million in the previous year[23]. - Net cash flow from operating activities was negative at approximately -¥21 million, slightly worse than -¥20 million in the same period last year[23]. - The ending balance of cash and cash equivalents was approximately ¥971 million, up from ¥680 million in the previous year[24]. - The company reported a total cash inflow from operating activities of approximately ¥177 million, compared to ¥171 million in the previous year[23]. - Total cash outflow from operating activities was approximately ¥198 million, compared to ¥191 million in the previous year[23]. - Cash inflow from investment activities totaled approximately ¥139 million, compared to ¥144 million in the previous year[24]. - Cash outflow from investment activities was approximately ¥774 million, a decrease from ¥847 million in the previous year[24]. - Net cash flow from financing activities was negative at approximately -¥4.67 million, while the previous year showed a cash inflow of ¥345 thousand[24]. Cost Management - Management expenses decreased by 29.74% to ¥24,486,130.97, attributed to enhanced cost control measures[9]. - Research and development expenses were reduced by 29.59% to ¥11,836,143.51, reflecting improved cost management and personnel optimization[9]. - Research and development expenses were CNY 11,836,143.51, down from CNY 16,811,158.85 year-over-year[19]. Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[13]. - The company did not conduct an audit for the first quarter report[25]. - The report was released by the Board of Directors on April 27, 2022[26].