IDEAL(SZ:002740)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was ¥98,302,188, a decrease of 57.74% compared to ¥232,598,056 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥31,787,410, representing a decline of 327.20% from a profit of ¥13,990,834 in the previous year[3] - Total operating revenue for the current period is ¥98,302,187.98, a decrease of 57.7% from ¥232,598,056.07 in the previous period[19] - Operating profit for the current period is -¥34,642,870.26, compared to a profit of ¥14,765,742.48 in the previous period, indicating a significant decline[20] - Net profit for the current period is -¥31,786,450.33, a decrease from a profit of ¥13,990,346.45 in the previous period[20] - Total comprehensive income for the current period is -¥31,784,433.58, compared to ¥13,988,647.88 in the previous period[21] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥1,341,267, an increase of 124.69% compared to a negative cash flow of ¥5,433,323 in the same period last year[3] - Cash flow from operating activities shows a net inflow of ¥1,341,267.17, contrasting with a net outflow of -¥5,433,322.69 in the previous period[24] - Cash and cash equivalents at the end of the period stand at ¥2,783,437.91, down from ¥6,916,045.49 at the end of the previous period[25] - The company reported cash and cash equivalents of CNY 3,789,662.98, an increase from CNY 3,627,509.06 at the beginning of the year[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,122,132,611, a slight decrease of 0.51% from ¥2,133,099,423 at the end of the previous year[3] - The company's current assets totaled CNY 1,912,937,183.01, down from CNY 1,919,456,916.11 at the start of the year, primarily due to a decrease in prepayments[15] - Total liabilities reached CNY 2,021,364,862.69, up from CNY 2,000,547,241.15, indicating a growth of approximately 1.93%[17] - The equity attributable to shareholders decreased by 23.05% to ¥106,097,734 from ¥137,883,127 at the end of the previous year[3] - The company's total equity decreased to CNY 100,767,747.97 from CNY 132,552,181.54, representing a decline of about 24.0%[17] Financial Challenges - The company experienced a significant drop in sales cash receipts, totaling ¥63,966,399, down 78.43% from ¥296,508,283 in the previous year[8] - The company faced significant challenges in financing, leading to a 99.08% decrease in cash used for debt repayment, totaling ¥401,390 compared to ¥43,864,442 in the previous year[8] - The company's financial expenses surged by 340.78% to ¥31,354,098 due to increased interest expenses from external financing[7] - The company incurred financial expenses of ¥31,354,097.61, significantly higher than ¥7,113,272.37 in the previous period[20] - The company has faced multiple lawsuits due to cash flow issues, which may impact future profits[12] Corporate Actions and Strategies - The company is currently undergoing bankruptcy reorganization, initiated by creditors in July 2021, with ongoing cooperation with the court and management[12] - The company is actively working on strategies for market expansion and new product development as part of its recovery plan[12] - The company reported a 100% decrease in asset impairment losses, with no losses recorded in the current period compared to ¥4,357,508 in the previous year[7] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,383, with no preferred shareholders[10] - Basic and diluted earnings per share for the current period are both -¥0.07, compared to ¥0.03 in the previous period[21]