GIT(SZ:300465)2022-04-21 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥218,877,225.34, a decrease of 73.19% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥1,963,886.14, down 88.11% year-on-year[3]. - Total operating revenue for Q1 2022 was CNY 218,877,225.34, a decrease of 73.16% compared to CNY 816,314,099.03 in the same period last year[17]. - Net profit for Q1 2022 was CNY 1,098,648.69, a significant decline of 93.39% compared to CNY 16,645,192.93 in Q1 2021[18]. - The total comprehensive income attributable to the parent company for Q1 2022 was CNY 609,425.99, significantly lower than CNY 16,711,496.17 in the previous year[19]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0044, down from CNY 0.04 in the same period last year, a decline of 89%[19]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 45.51% compared to the same period last year, amounting to -¥151,390,009.76[3]. - Cash and cash equivalents decreased by 43.87% compared to the end of the previous year, influenced by customer payment processes affected by the pandemic and the Spring Festival[7]. - Cash and cash equivalents at the end of Q1 2022 were CNY 209,862,264.79, down 43.8% from CNY 373,878,639.80 at the beginning of the year[13]. - The net cash flow from operating activities for Q1 2022 was -CNY 151,390,009.76, compared to -CNY 277,855,628.53 in the previous year, showing an improvement of 45.5%[22]. - The net cash flow from investing activities for Q1 2022 was -CNY 25,576,017.03, compared to a positive cash flow of CNY 128,616,743.26 in the previous year[23]. - The net cash flow from financing activities for Q1 2022 was CNY 13,710,994.32, an improvement from -CNY 76,153,067.24 in the same period last year[23]. - The company reported a total cash outflow from operating activities of CNY 392,286,731.25 in Q1 2022, compared to CNY 1,325,672,547.99 in the same period last year[22]. Revenue Breakdown - The software development and service business generated revenue of ¥137 million, an increase of 56.19% year-on-year, with a gross margin of 31.11%[8]. - The system integration and service business revenue fell to ¥65.53 million, a decline of 90.53% year-on-year, due to a significant drop in large-scale procurement from a single client[8]. - Total revenue from sales of goods and services received in Q1 2022 was CNY 230,702,349.78, down from CNY 940,149,166.90 in the same period last year, a decrease of approximately 75.5%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,519,464,066.24, reflecting a slight increase of 0.95% from the end of the previous year[3]. - Total assets amounted to CNY 1,519,464,066.24, up from CNY 1,505,236,956.76 at the beginning of the year[15]. - Total liabilities increased to CNY 810,675,129.62, compared to CNY 796,242,208.68 at the beginning of the year[15]. - The company’s total equity as of March 31, 2022, was CNY 708,788,936.62, slightly down from CNY 708,994,748.08 at the beginning of the year[15]. Research and Development - The company reported a decrease in research and development expenses to CNY 12,886,819.93, down 30.4% from CNY 18,499,825.42 in the previous year[18]. Future Outlook - The company expects normal business development for the year, with continued growth in software business anticipated[9]. Other Information - The company did not conduct any mergers or acquisitions during the reporting period, and the report was not audited[24].