CECM(SZ:300385)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was ¥438,928,153.27, representing a 2.06% increase compared to ¥430,055,934.40 in the same period last year[4]. - Net profit attributable to shareholders decreased by 90.35% to ¥2,242,355.93 from ¥23,233,304.97 year-on-year[4]. - The net cash flow from operating activities was negative at -¥139,827,636.61, showing a slight improvement of 1.16% compared to -¥141,475,178.70 in the previous year[4]. - The net profit for Q1 2022 was CNY 2,572,688.01, a significant decrease from CNY 29,184,100.78 in Q1 2021, representing a decline of approximately 91.2%[21]. - The total revenue from operating activities was CNY 295,375,771.48, down from CNY 323,962,229.40 in the previous year, indicating a decrease of about 8.9%[25]. - The total operating expenses for Q1 2022 were CNY 56,000,000.00, up from CNY 47,000,000.00 in Q1 2021, reflecting an increase of about 19.1%[21]. - The company reported a basic earnings per share of CNY 0.0067, down from CNY 0.0697 in the previous year, reflecting a decline of approximately 90.4%[22]. - The total comprehensive income for Q1 2022 was CNY 2,572,688.01, significantly lower than CNY 29,184,100.78 in Q1 2021, marking a decrease of about 91.2%[22]. Assets and Liabilities - Total assets decreased by 5.89% to ¥3,410,996,966.66 from ¥3,624,510,946.93 at the end of the previous year[5]. - The total assets of the company as of March 31, 2022, were RMB 3,410,996,966.66, down from RMB 3,624,510,946.93 at the beginning of the year, a decrease of about 5.9%[18]. - The total liabilities decreased to RMB 2,267,432,275.68 from RMB 2,483,518,943.96, indicating a reduction of approximately 8.7%[18]. - The company's equity attributable to shareholders increased slightly to RMB 985,690,353.49 from RMB 983,447,997.56, a growth of about 0.2%[18]. Cash Flow - The cash flow from financing activities increased significantly by 430.45% to ¥152,449,868.07 compared to ¥28,739,802.87 in the same period last year[9]. - The company's cash and cash equivalents decreased to RMB 227,855,754.83 from RMB 269,789,472.75 at the beginning of the year, a decline of approximately 15.6%[15]. - The cash and cash equivalents at the end of the period were CNY 165,963,934.74, compared to CNY 148,972,726.76 at the end of Q1 2021, showing an increase of about 11.4%[26]. - The net cash flow from operating activities was -CNY 139,827,636.61, slightly improved from -CNY 141,475,178.70 in the same period last year[25]. - Investment activities resulted in a net cash outflow of -CNY 34,453,820.50, compared to a net inflow of CNY 72,881,715.27 in Q1 2021[26]. Research and Development - The company's R&D expenses dropped by 58.99% to ¥6,072,349.08 from ¥14,807,160.97 year-on-year[9]. - The company incurred research and development expenses of CNY 6,072,349.08, a decrease from CNY 14,807,160.97 in the previous year, representing a decline of approximately 59.0%[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,375[10]. - The largest shareholder, Xinsu Environmental Industry Group Co., Ltd., holds 29.86% of the shares, totaling 99,481,250 shares[10]. Contracts and Agreements - The company signed contracts worth RMB 7,980,000 for resource utilization projects with related parties during the reporting period[14]. - The company entered into a project amendment agreement with Wuxi Jiangfeng Resource Recycling Co., Ltd., further expanding its operational scope[14]. Borrowings - The company reported a significant increase in long-term borrowings by 56.29% to ¥463,787,440.00 from ¥296,757,040.00[9]. - The company raised CNY 292,030,400.00 through borrowings, an increase from CNY 102,000,000.00 in the previous year, indicating a growth of approximately 186.0%[26].