BESTWAY(SZ:300008)2022-04-27 16:00Revenue and Profitability - The company's revenue for Q1 2022 was ¥371,697,391.48, representing a 105.84% increase compared to ¥180,572,044.65 in the same period last year[3] - The net profit attributable to shareholders decreased by 51.34% to ¥5,710,698.89 from ¥11,736,535.37 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 95.15% to ¥477,906.51 from ¥9,852,135.45 in the previous year[3] - The net profit for the current period was ¥5,609,591.19, down from ¥11,702,136.55 in the previous period, reflecting a decrease of approximately 52.1%[33] - Basic and diluted earnings per share for the current period were both ¥0.0033, down from ¥0.0068 in the previous period[36] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at -¥90,928,092.68, worsening by 142.88% compared to -¥37,437,895.06 in the same period last year[3] - The net cash flow from operating activities was -90,928,092.68 CNY, compared to -37,437,895.06 CNY in the previous period, indicating a decline in operational efficiency[40] - Total cash inflow from operating activities was 588,808,504.69 CNY, significantly up from 244,490,681.71 CNY in the previous period, reflecting increased sales and service revenue[40] - Cash outflow from operating activities totaled 679,736,597.37 CNY, compared to 281,928,576.77 CNY in the previous period, showing a substantial rise in operational costs[40] - The ending cash and cash equivalents balance was 59,943,611.45 CNY, down from 281,464,559.74 CNY in the previous period, reflecting liquidity challenges[40] Assets and Liabilities - Total assets increased by 14.60% to ¥2,808,647,123.22 from ¥2,450,762,071.17 at the end of the previous year[3] - The total liabilities increased to ¥1,128,504,885.56 from ¥777,364,564.60, marking an increase of approximately 45%[29] - The total equity attributable to the parent company was ¥1,684,198,515.96, slightly up from ¥1,677,352,677.17 in the previous period[29] Operational Costs and Expenses - The company's revenue cost rose by 125.22% to ¥348,391,234.71, primarily due to increased operational scale and rising material costs[9] - Management expenses increased by 54.96% to ¥32,445,090.56, attributed to team expansion and salary adjustments[9] - Financial expenses surged by 218.35% to ¥4,548,298.43, mainly due to increased loan amounts[9] - Total operating costs for the current period were ¥401,578,391.07, compared to ¥183,146,185.99 in the previous period, indicating an increase of about 119.5%[30] - Research and development expenses for the current period were ¥11,160,349.95, compared to ¥8,227,424.81 in the previous period, indicating an increase of about 35.5%[30] Contract and Prepayments - The company's contract assets surged by 280.02% to ¥448,245,869.54, driven by increased shipbuilding projects[6] - The company reported a significant increase in prepayments by 220.56% to ¥306,856,512.57, reflecting a rise in shipbuilding material orders[6] - The company has a significant increase in prepayments, which rose to CNY 306,856,512.57 from CNY 95,725,444.04, an increase of approximately 220.5%[23] - The company’s contract liabilities surged to ¥483,533,985.90 from ¥126,850,346.28, representing an increase of approximately 281.5%[29] Shareholder Information - The company has a total of 296,859,062 restricted shares, with no shares released during the reporting period[15] - The company received the first payment of USD 40 million related to the settlement agreement with H&C (SINGAPORE) for the two vessels[19] - The company plans to complete the transaction with OML by the end of June, pending funding issues[19] Audit and Financial Reporting - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[43]