Palm(SZ:002431)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥553,032,268.37, representing a 58.62% increase compared to ¥348,655,801.35 in the same period last year[4] - The net profit attributable to shareholders was -¥187,605,245.97, a decrease of 31.57% from -¥142,589,008.50 year-on-year[4] - The net loss for the current period was ¥196,564,618.04, compared to a net loss of ¥142,035,693.77 in the previous period, indicating a deterioration in financial performance[23] - Basic and diluted earnings per share were both reported at -0.13, compared to -0.10 in the previous period, indicating a worsening in earnings performance[24] Cash Flow - The net cash flow from operating activities increased by 119.81%, reaching ¥22,543,072.83, compared to -¥113,814,230.53 in the previous year[4] - Operating cash inflow for the current period reached ¥1,492,110,689.78, an increase of 21.7% compared to ¥1,226,411,351.25 in the previous period[26] - Cash inflow from financing activities amounted to ¥1,570,093,222.98, compared to ¥1,393,423,669.49 in the previous period, leading to a net cash inflow of ¥407,886,658.00[27] - The ending cash and cash equivalents balance increased to ¥619,982,089.11 from ¥285,372,132.42 in the previous period[27] - The company reported a cash balance of ¥960,441,296.50 as of March 31, 2022, an increase from ¥631,763,191.39 at the beginning of the year, reflecting a growth of approximately 52%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥17,563,439,849.13, a slight decrease of 0.67% from ¥17,681,727,368.47 at the end of the previous year[4] - The total liabilities amounted to ¥13,815,359,345.05, slightly up from ¥13,736,515,232.46, showing an increase of approximately 0.6%[20] - The company's total equity attributable to shareholders decreased by 4.96%, from ¥3,800,567,975.74 to ¥3,611,895,715.88[4] Investment and Expenses - Research and development expenses grew by 31.70%, reflecting increased investment in innovation aligned with revenue growth[9] - The company's investment income decreased by 55.28%, primarily due to reduced equity method investment returns compared to the previous year[9] - The company reported an investment loss of ¥42,354,459.92, which is higher than the loss of ¥27,276,024.28 from the previous period[23] - Total operating costs increased to ¥689,012,387.91 from ¥487,387,782.09, reflecting a rise of about 41.3%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 74,368[12] - The company has a total of 194,731,418 shares held by its largest shareholder, accounting for 13.10% of total shares[13] - The second-largest shareholder holds 176,323,702 shares, representing 11.86% of total shares[13] - The company has not disclosed any known relationships or concerted actions among its top shareholders[13] Corporate Governance - The company has appointed a new chairman, Wang Gengchao, following the resignation of the previous chairman[14] - The company is currently in the process of a non-public stock issuance, which is still under review by the China Securities Regulatory Commission[15] Other Financial Metrics - Other comprehensive income after tax for the current period was -¥1,067,013.89, compared to a gain of ¥1,309,370.25 in the previous period, indicating a significant shift in comprehensive income[23] - Cash outflow from investment activities totaled ¥189,432,876.40, up from ¥56,468,562.52 in the previous period, resulting in a net cash outflow of ¥82,074,898.38[27] - Cash paid for the acquisition of fixed assets and other long-term assets was ¥16,740,845.84, significantly higher than ¥4,768,787.03 in the previous period[27] - The first quarter report was not audited, indicating that the financial data may be subject to further review[28]