Cheersson(SZ:002976)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥217,591,404.82, representing a 23.52% increase compared to ¥176,160,142.29 in the same period last year[3] - The net profit attributable to shareholders for Q1 2022 was ¥17,401,373.38, up 13.47% from ¥15,335,311.71 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 31.57% to ¥16,389,185.82 from ¥12,456,450.92 in the previous year[5] - The net profit for Q1 2022 was CNY 16,861,590.95, an increase from CNY 14,746,345.17 in Q1 2021, representing a growth of approximately 14.4%[21] - The total revenue from operating activities was CNY 244,564,495.10, compared to CNY 218,641,562.51 in the previous year, indicating a year-over-year increase of about 11.9%[24] - The company achieved a total operating profit of CNY 20,393,486.89, an increase from CNY 14,412,883.41 in the previous year, representing a growth of approximately 41.3%[21] - The company reported a total comprehensive income of CNY 17,134,379.57 for Q1 2022, compared to CNY 15,031,818.24 in Q1 2021, marking an increase of about 14.0%[22] Cash Flow and Assets - The net cash flow from operating activities for Q1 2022 was ¥27,598,480.57, an increase of 24.28% compared to ¥22,207,186.62 in the same period last year[3] - The company's cash and cash equivalents increased to CNY 296,905,964.54 from CNY 250,931,237.41 at the beginning of the year, reflecting a growth of 18.3%[15] - The cash flow from operating activities netted CNY 27,598,480.57, up from CNY 22,207,186.62 in the same period last year, reflecting a growth of approximately 24.3%[24] - The cash and cash equivalents at the end of the period totaled CNY 294,029,597.29, a slight decrease from CNY 295,483,417.90 at the end of Q1 2021[24] - The total assets at the end of Q1 2022 reached ¥1,262,244,615.73, reflecting an 11.43% increase from ¥1,132,737,684.45 at the end of the previous year[3] - The company's fixed assets decreased slightly to CNY 223,951,916.59 from CNY 226,145,920.00 at the beginning of the year[16] Liabilities and Equity - The total liabilities increased to CNY 453,834,998.27 from CNY 343,444,071.26, reflecting a rise of 32.3%[17] - The equity attributable to shareholders at the end of Q1 2022 was ¥804,378,821.55, a 2.50% increase from ¥784,727,109.79 at the end of the previous year[3] Investment and Projects - The company announced a delay in fundraising project timelines due to global pandemic impacts, extending the expected completion dates for certain projects[9] - The company has invested in precision metal component projects for automotive and communication sectors, with adjustments made to the investment schedule based on industry conditions[10] - The company plans to acquire a 36.482% stake in Guangzhou Xinzhen Automotive Parts Co., Ltd. for CNY 98.5 million and increase its investment by CNY 80 million, resulting in a 51% ownership stake[13] - The construction of precision metal components projects has been delayed by approximately 10 months due to factors including COVID-19 and supply chain issues[11] - The company reported a significant increase in orders for automotive and new energy vehicle products, driven by high-end brand upgrades and increased production of domestic and new energy vehicles[11] Earnings and Costs - The basic earnings per share for Q1 2022 remained unchanged at ¥0.15, while diluted earnings per share decreased by 6.67% to ¥0.14[3] - The total operating costs for Q1 2022 were CNY 194,672,232.55, up 20.1% from CNY 162,025,784.01 in Q1 2021[20] - The company incurred interest expenses of CNY 1,620,472.81, up from CNY 751,388.88 in the previous year, indicating an increase of approximately 115.5%[21] - The total assets impairment loss was CNY -3,441,500.49, compared to CNY -2,455,770.22 in the previous year, indicating a worsening in asset impairment[21]