huasi(SZ:002494)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥55,512,782.11, a decrease of 20.52% compared to ¥69,845,561.75 in the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥3,896,572.12, an improvement of 5.40% from a loss of ¥4,119,214.94 in the previous year[3]. - The net profit for the first quarter of 2022 was -4,640,277.08 CNY, compared to -4,982,335.15 CNY in the same period last year, indicating a slight improvement[17]. - The total revenue from operating activities was 65,782,901.43 CNY, down from 84,021,169.78 CNY year-over-year[19]. - The company reported a total comprehensive loss of -4,828,151.74 CNY, compared to -3,195,747.52 CNY in the prior year[18]. - Basic and diluted earnings per share were both -0.0103 CNY, slightly better than -0.0109 CNY in the same quarter last year[18]. - The total operating profit was -5,192,212.09 CNY, slightly better than -5,174,866.74 CNY in the previous year[17]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥14,145,349.18, a 374.10% increase from -¥5,160,632.43 in the same period last year[3]. - The net cash flow from operating activities was 14,145,349.18 CNY, a significant recovery from -5,160,632.43 CNY in the previous year[19]. - The net cash flow from financing activities was 49,671,388.89 CNY, a recovery from -11,305,106.26 CNY in the same quarter last year[20]. - The company's cash and cash equivalents increased to RMB 224,176,622.57 from RMB 187,240,572.26 at the beginning of the year, representing a growth of approximately 19.7%[12]. - The cash and cash equivalents at the end of the period totaled 224,176,622.57 CNY, compared to 300,389,139.70 CNY at the end of the previous year[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,938,725,804.72, reflecting a 1.39% increase from ¥1,912,118,709.66 at the end of the previous year[3]. - Total assets increased to RMB 1,938,725,804.72 from RMB 1,912,118,709.66, showing a growth of about 1.4%[13]. - Total liabilities rose to RMB 399,814,554.73 from RMB 368,379,307.93, an increase of approximately 8.5%[14]. - The company's equity attributable to shareholders decreased by 0.27% to ¥1,560,937,785.85 from ¥1,565,172,036.09 at the end of the previous year[3]. Operational Metrics - Total operating costs for Q1 2022 were RMB 62,144,336.38, down from RMB 75,657,965.76 in the previous period[16]. - Accounts receivable decreased to RMB 40,005,883.73 from RMB 54,326,269.29, indicating a reduction of about 26.4%[12]. - Inventory decreased to RMB 495,372,054.78 from RMB 507,733,060.68, reflecting a decline of approximately 2.4%[13]. - Research and development expenses for Q1 2022 were RMB 1,037,164.12, slightly down from RMB 1,076,896.89 in the previous period[16]. Other Financial Aspects - The company reported a significant increase in short-term borrowings, totaling ¥50,000,000.00, due to new bank loans obtained during the reporting period[7]. - The company experienced a 103.05% increase in business taxes and additional charges, amounting to ¥1,553,530.70, primarily due to increased land value tax from the transfer of investment properties[7]. - The company recorded a substantial increase in non-operating income, which rose to ¥638,712.15, a 8225.29% increase compared to ¥7,671.95 in the previous year[7]. - The company reported a decrease in government subsidies recognized in the current period, totaling ¥1,311,212.48, down 33.81% from ¥1,981,088.80[7]. - The weighted average return on net assets was -0.25%, slightly lower than -0.22% in the previous year[3]. - The company incurred a loss of -22,271,789.91 CNY from investing activities, worsening from -3,296,558.00 CNY in the previous year[20]. - The company recorded an asset disposal loss of -28,326.10 CNY during the quarter[17]. - The company reported a decrease in employee compensation payable to RMB 5,156,837.94 from RMB 5,709,142.05, a reduction of about 9.6%[14].