QiaoYin(SZ:002973)2022-04-26 16:00Financial Performance - The company's revenue for Q1 2022 was ¥932,281,127.39, representing a 22.06% increase compared to ¥763,814,740.03 in the same period last year[8] - Net profit attributable to shareholders decreased by 11.09% to ¥77,203,486.53 from ¥86,833,945.18 year-on-year[8] - Net profit for Q1 2022 was CNY 85,491,274.73, a decrease of 14.8% from CNY 100,366,165.59 in Q1 2021[25] - The net profit attributable to the parent company was CNY 77,203,486.53, down from CNY 86,833,945.18, indicating a decline in profitability[26] - Earnings per share for Q1 2022 were CNY 0.19, compared to CNY 0.21 in the previous year, showing a decrease in earnings per share[26] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥27,360,449.57, a 169.48% increase from a negative cash flow of ¥39,377,081.80 in the previous year[8] - The cash inflow from operating activities totaled CNY 893,224,547.70, an increase from CNY 597,040,085.23 in the previous year, representing a growth of approximately 49.6%[29] - The total cash outflow for operating activities was CNY 865,864,098.13, compared to CNY 636,417,167.03 in the previous year, reflecting an increase of approximately 36%[29] - The net cash flow from investing activities was CNY -132,752,700.15, an improvement from CNY -169,022,411.85 year-over-year[30] - The net cash flow from financing activities was CNY -90,779,628.12, contrasting with a positive cash flow of CNY 21,440,013.78 in the same quarter last year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,767,780,720.33, a slight increase of 0.76% from ¥5,724,539,938.67 at the end of the previous year[8] - The company's total liabilities increased, with notes payable rising by 92.03% to ¥26,380,607.13, attributed to increased use of commercial acceptance bills for payments[11] - The company's total current liabilities decreased to CNY 2,335,923,973.91 from CNY 2,383,750,475.48, reflecting a reduction of approximately 2.0%[21] - The total equity attributable to shareholders of the parent company rose to CNY 1,744,326,948.10 from CNY 1,667,120,954.76, reflecting growth in shareholder value[25] Research and Development - The company's R&D expenses surged by 212.13% to ¥6,598,555.64, reflecting increased investment in solid waste treatment and smart sanitation[12] - Research and development expenses increased to CNY 6,598,555.64 from CNY 2,114,011.01, highlighting a focus on innovation and development[25] Tax and Fees - The company reported a significant increase in tax and additional fees, which rose by 751.00% to ¥3,426,578.89 due to the end of VAT-related preferential policies during the pandemic[12] - The company reported a significant increase in tax expenses, with income tax expenses rising to CNY 10,322,771.94 from CNY 9,887,758.16[25] - The company experienced a decrease in other income, which fell by 87.98% to ¥5,317,626.22, primarily due to the expiration of VAT-related preferential policies[12] Strategic Initiatives - The company signed an investment agreement with the Nanchang High-tech Industrial Development Zone to deepen strategic cooperation on the "Carbon Neutrality and Waste-Free City" project[17] - The company aims to enhance its market expansion and technological development in line with national carbon neutrality goals[17] - The stock option incentive plan proposed to grant 6 million stock options, with 5.47 million options allocated to 75 incentive targets[17] Inventory and Receivables - Accounts receivable stood at CNY 885,953,962.69, down from CNY 915,074,825.70, indicating a decrease of about 3.2%[19] - The inventory increased to CNY 47,019,761.82 from CNY 33,154,562.98, marking an increase of approximately 41.8%[19] Audit and Reporting - The company did not conduct an audit for the first quarter report[31]