EASA(SZ:300215)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥166,861,643.14, a decrease of 7.74% compared to ¥180,855,490.50 in the same period last year[3] - The net profit attributable to shareholders for Q1 2022 was ¥14,586,872.67, down 26.67% from ¥19,893,360.26 in Q1 2021[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,893,178.34, a decline of 35.41% compared to ¥13,767,600.70 in the previous year[3] - The basic earnings per share for Q1 2022 was ¥0.02, a decrease of 33.33% from ¥0.03 in Q1 2021[3] - Total operating revenue for the current period is $166.86 million, down from $180.86 million in the previous period, representing a decrease of approximately 7.3%[23] - Net profit for the current period is $14.99 million, down from $20.01 million, indicating a decrease of around 25%[24] - Basic earnings per share decreased to $0.02 from $0.03, a decline of 33.3%[25] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥3,903,871,249.44, an increase of 3.54% from ¥3,770,383,186.72 at the end of the previous year[3] - The company's current assets reached RMB 1,072,533,345.57, up from RMB 865,887,305.71 at the beginning of the year, indicating a growth of approximately 23.9%[19] - The total liabilities of the company were RMB 1,931,908,202.33, compared to RMB 1,813,414,675.00 at the beginning of the year, representing an increase of approximately 6.5%[21] - The total equity attributable to shareholders of the parent company was RMB 1,955,465,265.12, slightly up from RMB 1,940,878,392.45, indicating a modest growth of about 0.8%[21] Cash Flow - The cash flow from operating activities for Q1 2022 was ¥85,452,725.52, down 10.80% from ¥95,794,712.17 in the same period last year[3] - Cash flow from operating activities generated a net amount of $85.45 million, down from $95.79 million, a decrease of about 10.5%[28] - Cash flow from investing activities resulted in a net outflow of $8.24 million, an improvement from a net outflow of $111.51 million in the previous period[29] - Cash flow from financing activities generated a net inflow of $116.31 million, compared to a net outflow of $205.16 million previously, indicating a significant turnaround[29] - The ending cash and cash equivalents balance increased to $756.49 million from $623.00 million, an increase of approximately 21.4%[29] Borrowings and Subsidies - The short-term borrowings increased by 38.30% to ¥702,765,465.64 in Q1 2022 compared to ¥508,158,859.05 at the end of the previous year[8] - The company's short-term borrowings rose significantly to RMB 702,765,465.64 from RMB 508,158,859.05, marking an increase of around 38.3%[20] - The company received government subsidies amounting to ¥7,132,896.61 during the reporting period, contributing positively to its financial performance[5] Inventory and Shares - The company's inventory decreased to RMB 744,570.43 from RMB 855,203.02, showing a decline of approximately 12.9%[19] - The company reported a total of 244,702,233 shares at the end of the period, with no new shares issued during the quarter[15] - The company has a scheduled release of locked shares for major shareholders on May 29, 2022, which may impact future share liquidity[15] Other Information - The weighted average return on equity for Q1 2022 was 0.75%, a decrease of 0.34% from 1.09% in Q1 2021[3] - The company is actively involved in the development of new technologies and products, although specific details were not disclosed in the report[16] - The company has not undergone an audit for the first quarter report[30]