KINGSUN(SZ:300235)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was ¥35,789,371.71, a decrease of 12.15% compared to ¥40,739,515.32 in the same period last year[3] - Net profit attributable to shareholders was ¥12,959,946.94, down 17.02% from ¥15,618,161.39 year-on-year[3] - Total operating revenue for Q1 2022 was CNY 35,789,371.71, a decrease of 12.5% compared to CNY 40,739,515.32 in the same period last year[20] - The net profit for Q1 2022 was not explicitly stated, but the company reported a significant decrease in investment income, with a loss of CNY 1,283,624.49 compared to a gain of CNY 528,182.78 in the previous year[20] - The net profit for Q1 2022 was CNY 12,959,946.94, a decrease of 17.5% compared to CNY 15,584,448.82 in Q1 2021[21] - The total comprehensive income for Q1 2022 was CNY 12,828,842.22, down from CNY 15,584,448.82 in the same period last year, reflecting a decline of 17.9%[22] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.08, compared to CNY 0.09 in Q1 2021, indicating a decrease of 11.1%[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥14,005,686.79, a significant decline of 667.61% compared to ¥2,467,502.57 in the previous year[3] - Cash flow from operating activities for Q1 2022 showed a net outflow of CNY 14,005,686.79, contrasting with a net inflow of CNY 2,467,502.57 in Q1 2021[25] - The company's cash and cash equivalents at the end of Q1 2022 were CNY 261,912,038.37, a decrease of 24.2% from CNY 345,467,218.07 at the beginning of the year[15] - The total cash and cash equivalents at the end of Q1 2022 were CNY 261,912,038.37, down from CNY 322,697,180.00 at the end of Q1 2021[25] - The company reported a significant increase in cash outflows related to operating activities, totaling CNY 42,717,832.36 in Q1 2022, compared to CNY 30,292,231.40 in Q1 2021[25] Assets and Liabilities - Total assets increased by 2.65% to ¥703,396,662.14 from ¥685,266,192.89 at the end of the previous year[3] - The total assets at the end of Q1 2022 were CNY 703,396,662.14, an increase from CNY 685,266,192.89 at the beginning of the year[18] - The total liabilities at the end of Q1 2022 were CNY 27,509,548.15, compared to CNY 22,207,921.12 at the beginning of the year, reflecting an increase of 24.0%[17] - The total equity attributable to shareholders at the end of Q1 2022 was CNY 675,887,113.99, an increase from CNY 663,058,271.77 at the beginning of the year[18] Operational Metrics - The weighted average return on equity decreased to 1.94% from 2.38% year-on-year[3] - The company reported a significant increase in accounts receivable by 107.98%, primarily due to revenue recognition from the education system's subscription business during the spring semester[7] - Accounts receivable increased to CNY 52,560,718.23, up 108.0% from CNY 25,272,601.99 at the beginning of the year[16] - The company experienced a 327.36% increase in prepayments, attributed to increased procurement of software and hardware equipment during the reporting period[7] - The company's inventory at the end of Q1 2022 was CNY 6,314,394.10, slightly up from CNY 6,173,966.06 at the beginning of the year[16] - The company incurred a credit impairment loss of CNY 250,117.40 in Q1 2022, compared to CNY 194,555.22 in Q1 2021, indicating an increase of 28.6%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,757[10] - The top shareholder, Huang Yuanzhong, holds 15.62% of the shares, totaling 26,210,623 shares[10] Research and Development - The company’s research and development expenses for Q1 2022 were CNY 5,961,402.71, a decrease of 6.4% from CNY 6,371,934.96 in the same period last year[20]