SBS(SZ:300293)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥264,367,856.97, a decrease of 5.44% compared to ¥279,568,705.20 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥5,256,083.79, an improvement of 64.42% from a loss of ¥14,773,972.54 in the previous year[3] - The net cash flow from operating activities was -¥42,837,037.23, which is a decline of 39.76% compared to -¥30,651,493.25 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 264,367,856.97, a decrease of 5.4% compared to CNY 279,568,705.20 in Q1 2021[21] - Net profit for Q1 2022 was a loss of CNY 5,256,083.79, an improvement from a loss of CNY 15,984,472.02 in Q1 2021[22] - The cash received from sales of goods and services was CNY 301,824,843.67, a decrease of 4.4% from CNY 315,564,238.34 in the previous year[25] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥2,164,182,656.43, reflecting a 2.41% increase from ¥2,113,270,013.23 at the end of the previous year[3] - The total liabilities as of Q1 2022 amounted to CNY 1,681,027,805.20, an increase of 5.3% from CNY 1,596,414,757.46 in the previous year[20] - The total equity attributable to shareholders decreased by 6.52% to ¥483,154,851.23 from ¥516,855,255.77 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company was CNY 483,154,851.23, a decrease of 6.5% from CNY 516,855,255.77 in Q1 2021[20] Cash Flow - The net cash flow from financing activities was 55,489,550.47 CNY, compared to a negative cash flow of -90,935,040.34 CNY in the previous year[26] - Cash and cash equivalents at the end of the period amounted to RMB 412.08 million, an increase from RMB 351.98 million at the beginning of the year[16] - The total cash and cash equivalents at the end of the period amounted to 224,882,743.43 CNY, up from 202,957,460.72 CNY in the same period last year[26] - The company received 289,979,708.41 CNY in cash from borrowings, significantly higher than 59,727,996.99 CNY in the previous year[26] Borrowings and Financing - Short-term borrowings increased by 131.89% to ¥174,072,977.18 from ¥75,065,930.07, indicating a significant rise in financing activities[6] - Short-term borrowings increased to RMB 174.07 million from RMB 75.07 million at the beginning of the year[17] - Cash outflow from financing activities totaled 234,490,157.94 CNY, compared to 150,663,037.33 CNY in the previous year[26] Government Support and Contracts - The company received government subsidies amounting to ¥2,827,873.59 during the quarter, contributing to its financial performance[5] - The company has ongoing contracts with a total value of approximately RMB 1.13 billion, with significant amounts already received[12] - The company has received a total of RMB 10.58 million from a contract with Qingdao Soft Control Electromechanical Engineering Co., Ltd. for an automated logistics system[11] Research and Development - Research and development expenses for Q1 2022 were CNY 11,758,676.42, down from CNY 13,783,893.60 in Q1 2021, indicating a 14.7% reduction[21] - The company is focusing on technological innovation to enhance product quality and competitiveness[11] Market Presence - The company is actively expanding its market presence in line with the "Made in China 2025" initiative and the 14th Five-Year Plan[11] Inventory - The company reported a significant increase in inventory, with total inventory at RMB 400.76 million, compared to RMB 394.16 million at the beginning of the year[16] Other Comprehensive Income - Other comprehensive income after tax for Q1 2022 was a loss of CNY 28,519,973.38, compared to a loss of CNY 19,608,213.63 in Q1 2021[22] Audit Status - The company did not undergo an audit for the first quarter report[27]