YLZ(SZ:300096)2022-04-26 16:00Financial Performance - The company's revenue for Q1 2022 was ¥72,422,850.80, representing a slight increase of 0.08% compared to ¥72,362,291.17 in the same period last year[2] - The net profit attributable to shareholders was -¥69,430,631.97, a decrease of 22.36% from -¥56,743,247.14 year-on-year[2] - The basic and diluted earnings per share were both -¥0.1615, a decrease of 24.23% from -¥0.1300 in the same period last year[2] - Net loss for Q1 2022 was CNY 92,100,064.17, compared to a net loss of CNY 73,273,233.34 in the same period last year[24] - The company reported a comprehensive loss of CNY 122,287,694.30, up from a loss of CNY 80,683,905.19 in the previous year[24] Cash Flow - The net cash flow from operating activities was -¥181,576,490.07, which is a decline of 12.75% compared to -¥161,036,894.15 in the previous year[2] - Cash inflow from operating activities totaled CNY 152,170,009.37, down from CNY 178,750,376.59 in the prior period[26] - The company reported a net decrease in cash and cash equivalents of 112,093,888.79 CNY, compared to a decrease of 81,864,470.09 CNY in the prior period[27] - Cash flow from investing activities decreased by 82.98%, primarily due to the previous year's receipt of funds from the sale of a subsidiary[8] - The cash outflow for investment activities totaled 2,448,784.64 CNY, compared to 1,146,681.50 CNY in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,532,381,086.40, down 8.25% from ¥1,670,098,071.00 at the end of the previous year[2] - The company's equity attributable to shareholders decreased by 15.86% to ¥527,707,111.10 from ¥627,210,219.79 at the end of the previous year[2] - The company’s total liabilities decreased to CNY 882,667,119.27 from CNY 896,422,764.68[21] - The company reported a total current liabilities of RMB 1,000,000,000.00, with short-term borrowings increasing to RMB 174,258,333.35 from RMB 105,162,789.54, an increase of about 65.7%[20] Expenses - Total operating costs increased to CNY 177,246,252.87 from CNY 153,497,372.53, with significant rises in sales expenses (CNY 29,363,508.04) and management expenses (CNY 52,611,169.77)[22] - The company reported a 68.46% increase in selling expenses, attributed to the hiring of additional sales personnel and increased sales efforts[6] - Research and development expenses for the quarter were CNY 50,425,959.72, an increase from CNY 45,551,652.83 in the previous year[22] Investments and Financing - The company completed the transfer of 25% equity in Fujian Xingmin Zhili Technology Co., Ltd., receiving a total of RMB 3.875 million[16] - The company also transferred 51% equity in Fujian Yilianzhong Electronic Technology Co., Ltd., receiving RMB 4.46873 million[16] - The company applied for a comprehensive credit facility of RMB 100 million from Xingye Bank, secured by properties and guarantees from the controlling shareholder[15] - The total cash inflow from financing activities was 155,052,500.00 CNY, an increase from 85,145,000.00 CNY in the prior period[27] Inventory and Receivables - The company reported a decrease in inventory from RMB 185,801,436.19 to RMB 145,958,038.15, a reduction of approximately 21.43%[19] - Accounts receivable stood at RMB 245,551,978.34, down from RMB 253,832,894.46, indicating a decrease of approximately 3.24%[19] Other Information - The company did not conduct an audit for the first quarter report[28] - The report was published by the Board of Directors on April 27, 2022[30] - The company received government subsidies during the quarter, with specific amounts disclosed in related announcements[15]