NAURA(SZ:002371)2022-04-27 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 2,135,734,862.37, representing a 50.04% increase compared to CNY 1,423,425,330.52 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was CNY 206,460,350.67, a significant increase of 183.18% from CNY 72,908,240.11 in the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 155,364,140.54, which is a 382.23% increase compared to CNY 32,218,150.14 in the same period last year[3] - Total operating revenue for Q1 2022 reached ¥2,135,734,862.37, a significant increase from ¥1,423,425,330.52 in Q1 2021, representing a growth of approximately 50%[23] - Net profit for Q1 2022 was ¥246,890,999.76, compared to ¥83,051,009.92 in the same period last year, indicating a year-over-year increase of about 197%[24] - The company’s total comprehensive income attributable to shareholders was CNY 201.55 million in Q1 2022, compared to CNY 73.02 million in Q1 2021, an increase of 175.5%[25] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of CNY 1,294,300,561.18, a decrease of 295.71% compared to a net inflow of CNY 661,328,682.98 in the previous year[3] - Cash and cash equivalents at the end of Q1 2022 stood at CNY 7.22 billion, down from CNY 3.29 billion at the end of Q1 2021, reflecting a decrease of 119.1%[28] - The net cash flow from operating activities for Q1 2022 was -CNY 1.29 billion, compared to a positive cash flow of CNY 661.33 million in the same period last year[27] - Cash received from borrowings in the first quarter of 2022 was ¥319,214,765.92, a decrease of 59.63% year-on-year, primarily due to a reduction in borrowings[13] - Total cash outflows from financing activities were CNY 520.27 million in Q1 2022, compared to CNY 604.99 million in the previous year[28] Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 31,792,256,182.09, a 2.38% increase from CNY 31,054,473,364.61 at the end of the previous year[3] - Total liabilities increased to ¥14,192,637,958.59 in Q1 2022 from ¥13,856,082,205.54 in Q1 2021, showing a rise of about 2.4%[21] - The company’s inventory as of March 31, 2022, decreased by 40.19% to CNY 91,199,772.00, due to the conversion of restricted stock into capital[8] - Inventory at the end of the reporting period was ¥9,712,184,589.78, up from ¥8,034,633,766.60 at the beginning of the year[19] Research and Development - R&D expenses for Q1 2022 amounted to CNY 295,437,227.82, reflecting a 112.35% increase from the previous year, driven by higher material and labor costs[9] - Research and development expenses for Q1 2022 amounted to ¥295,437,227.82, up from ¥139,125,366.00 in Q1 2021, reflecting a growth of approximately 112%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,448, with the top ten shareholders holding a combined 57.91% of shares[15] - The largest shareholder, Beijing Qixing Huadian Technology Group Co., Ltd., held 33.80% of shares, totaling 178,175,721 shares[15] Other Income and Expenses - The company reported a significant increase in other income, which reached CNY 62,654,713.19, up 30.32% year-over-year due to increased government subsidies[10] - The company received tax refunds of CNY 5,254,630.91, a staggering increase of 4118.39% compared to the previous year, attributed to increased VAT refunds[11] - Cash paid for dividends, profits, or interest in the first quarter of 2022 was ¥18,205,260.27, an increase of 287.61% year-on-year[13] - Cash paid to minority shareholders in the first quarter of 2022 was ¥13,918,000.00, a 100.00% increase year-on-year, as this was the first occurrence of such payments[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]