宸展光电(003019) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 reached ¥503,333,812.18, representing a 72.74% increase compared to ¥291,380,863.77 in the same period last year[3] - Net profit attributable to shareholders was ¥58,900,771.71, a significant increase of 110.71% from ¥27,953,686.38 in the previous year[3] - Basic earnings per share rose to ¥0.46, up 109.09% from ¥0.22 in the same period last year[3] - Total operating revenue for Q1 2022 was ¥503,333,812.18, compared to ¥291,380,863.77 in the same period last year, representing an increase of approximately 72.6%[23] - Net profit for Q1 2022 reached ¥58,900,771.71, compared to ¥27,953,686.38 in the previous year, reflecting a growth of approximately 110.8%[24] - The comprehensive income total of ¥55,479,513.75 for Q1 2022, compared to ¥27,710,715.25 in the same period last year, reflecting an increase of about 100.1%[25] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥5,141,966.27, a turnaround from a negative cash flow of -¥56,795,528.42 in the same period last year, marking a 109.05% increase[3] - Operating cash flow for Q1 2022 was positive at ¥5,141,966.27, a significant improvement from a negative cash flow of ¥56,795,528.42 in the same period last year[27] - Total cash inflow from operating activities reached ¥481,951,399.98, compared to ¥282,619,324.77 in Q1 2021, indicating a year-over-year increase of approximately 70.6%[27] - Cash outflow for operating activities was ¥476,809,433.71, up from ¥339,414,853.19 in the previous year, reflecting a 40.5% increase[27] - The net increase in cash and cash equivalents for the quarter was ¥73,143,987.00, contrasting with a decrease of ¥94,374,479.05 in Q1 2021[29] - The ending balance of cash and cash equivalents was ¥323,655,697.81, compared to ¥181,180,221.73 at the end of Q1 2021, indicating a year-over-year increase of approximately 78.6%[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,873,962,728.72, a slight decrease of 0.08% from ¥1,875,446,688.67 at the end of the previous year[3] - Total liabilities decreased to ¥506,940,050.28 from ¥566,254,747.56, a reduction of approximately 10.5%[21] - The company's equity attributable to shareholders increased by 4.42% to ¥1,367,022,678.44 from ¥1,309,191,941.11 at the end of the previous year[3] Operational Efficiency - The comprehensive gross profit margin for Q1 2022 was 25.94%, up from 23.70% in 2021, reflecting a 2.24% increase[16] - Supply chain management improvements led to reduced raw material costs and enhanced product gross margins[16] - The company continues to receive new orders, ensuring a robust growth outlook for future performance[14] Investments and Subsidiaries - The company established a new subsidiary in Europe to enhance global sales and support for its Micro Touch brand, aiming for higher profit margins[15] - Research and development expenses for Q1 2022 were ¥11,483,709.09, compared to ¥10,827,590.67 in the previous year, showing an increase of about 6.0%[24] Government Support - The company received government subsidies amounting to ¥1,196,761.66, which contributed positively to the financial results[5] Accounts Receivable - Accounts receivable increased to ¥423,124,402.30 from ¥381,031,893.27, indicating growing sales activity[18]