Acrel(SZ:300286)2022-04-27 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 207,092,988.61, representing a 3.36% increase compared to CNY 200,353,262.99 in the same period last year[4] - Net profit attributable to shareholders was CNY 31,526,052.10, up 2.35% from CNY 30,801,483.70 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 207,092,988.61, an increase from CNY 200,353,262.99 in Q1 2021, representing a growth of approximately 3.67%[24] - Net profit for Q1 2022 reached CNY 31,526,052.10, compared to CNY 30,801,483.70 in Q1 2021, reflecting a growth of approximately 2.35%[24] - The total comprehensive income for Q1 2022 was ¥24,017,359.66, down from ¥30,391,435.95 in Q1 2021, indicating a decrease of about 21.1%[25] - Basic and diluted earnings per share for Q1 2022 were both ¥0.16, an increase from ¥0.15 in Q1 2021, representing a growth of approximately 6.67%[25] Cash Flow - The net cash flow from operating activities decreased significantly by 509.76%, resulting in a negative cash flow of CNY -61,602,617.27[4] - Cash inflows from operating activities totaled ¥230,543,486.02 in Q1 2022, compared to ¥205,618,864.57 in Q1 2021, marking an increase of about 12.09%[28] - The net cash flow from operating activities for Q1 2022 was -¥61,602,617.27, a significant decline from a positive net cash flow of ¥15,033,727.55 in Q1 2021[28] - Cash outflows from investing activities were ¥96,966,555.28 in Q1 2022, compared to ¥165,911,770.81 in Q1 2021, showing a decrease of approximately 41.5%[29] - The net cash flow from investing activities for Q1 2022 was ¥37,429,929.90, a substantial increase from ¥2,942,355.45 in Q1 2021[29] - The company’s total cash and cash equivalents decreased by ¥24,172,687.37 in Q1 2022, contrasting with an increase of ¥39,476,383.00 in Q1 2021[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,392,577,026.18, down 1.60% from CNY 1,415,285,751.14 at the end of the previous year[4] - Total current assets at the end of Q1 2022 were CNY 1,003,564,908.79, slightly down from CNY 1,020,730,996.01 at the beginning of the year, a decrease of about 1.68%[20] - Total liabilities as of the end of Q1 2022 amounted to CNY 375,028,542.80, down from CNY 435,929,927.49 at the beginning of the year, a reduction of approximately 13.93%[21] - Total assets at the end of Q1 2022 were CNY 1,392,577,026.18, compared to CNY 1,415,285,751.14 at the beginning of the year, a decrease of about 1.60%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,425[10] - The total number of shares repurchased by the company as of March 31, 2022, is 3,172,600, accounting for 1.48% of the total share capital[11] - The company has a total of 41,327,146 restricted shares at the end of the reporting period, with 30,000 shares released during the period[14] Expenses - Total operating costs for Q1 2022 were CNY 181,708,840.33, up from CNY 175,405,132.01 in Q1 2021, indicating an increase of about 3.67%[24] - Research and development expenses for Q1 2022 were CNY 23,809,828.43, up from CNY 19,275,810.11 in Q1 2021, indicating an increase of about 23.73%[24] - The financial expenses increased by 354.44% compared to the same period last year, mainly due to unrecognized financing costs[8] Inventory and Prepayments - Inventory increased to CNY 269,409,964.59 at the end of Q1 2022 from CNY 248,719,918.41 at the beginning of the year, an increase of approximately 8.27%[20] - The company reported a 190.21% increase in prepayments, primarily due to unsettled advance payments for goods[8] Equity and Returns - The company's equity attributable to shareholders increased by 3.90% to CNY 1,017,548,483.38 from CNY 979,355,823.65[4] - The basic earnings per share rose to CNY 0.16, a 6.67% increase from CNY 0.15 in the previous year[4] - The weighted average return on equity decreased to 3.17%, down 0.52% from 3.69% year-on-year[4]