ALAE(SZ:300585)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was ¥87,937,082.78, a decrease of 23.76% compared to ¥115,346,520.02 in the same period last year[3] - Net profit attributable to shareholders was ¥2,059,549.73, down 85.07% from ¥13,792,419.90 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥1,253,742.43, reflecting a decline of 90.80% compared to ¥13,621,284.62 in the previous year[3] - Total operating revenue for Q1 2022 was ¥87,937,082.78, a decrease of 23.8% compared to ¥115,346,520.02 in the same period last year[14] - Net profit for Q1 2022 was ¥1,486,877.04, a significant decline from ¥13,518,158.57 in Q1 2021, representing a decrease of 89.0%[16] - Basic earnings per share for Q1 2022 were ¥0.0120, down from ¥0.0862 in Q1 2021, reflecting the decline in profitability[16] Assets and Liabilities - The company's total assets increased by 2.20% to ¥899,372,851.80 from ¥880,042,823.17 at the end of the previous year[3] - The company’s total liabilities decreased to ¥190,453,743.17 in Q1 2022 from ¥218,331,195.69 in the previous year, a reduction of 12.8%[14] - Total assets decreased from 925,403,455.25 CNY to 899,372,851.80 CNY, a decline of approximately 2.8%[12] - Short-term borrowings decreased significantly from 35,040,791.67 CNY to 20,040,791.67 CNY, a reduction of about 42.8%[12] Cash Flow - The operating cash flow for the period was -¥6,359,888.40, a slight improvement of 2.76% from -¥6,540,529.84 in the previous year[3] - The company reported a net cash outflow from operating activities of ¥6,359,888.40 in Q1 2022, compared to an outflow of ¥6,540,529.84 in the same period last year[18] - The company’s cash inflow from operating activities was ¥67,178,801.35, compared to ¥49,719,243.09 in the previous year, showing an increase of 35.0%[18] - The net cash flow from investment activities was -13,817,671.58 CNY, compared to -292,977.01 CNY in the previous period, indicating a significant increase in cash outflow[19] - Cash inflow from financing activities totaled 10,000,000.00 CNY, while cash outflow was 25,245,194.45 CNY, resulting in a net cash flow of -15,245,194.45 CNY[19] - The company experienced a decrease in cash and cash equivalents by 35,427,984.53 CNY during the quarter[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,168[8] - The largest shareholder, Guangxi Ruiying Asset Management Co., Ltd., holds 30.34% of shares, totaling 51,911,111 shares[8] - Shareholders' equity attributable to the parent company rose by 27.62% to ¥701,145,852.29 from ¥549,418,650.75 at the end of the previous year[3] - The total equity attributable to shareholders increased slightly to ¥701,145,852.29 in Q1 2022 from ¥698,726,330.54 in Q1 2021[14] Operational Challenges - The company faced operational challenges due to COVID-19, impacting production and logistics, particularly in the Changchun and Shanghai regions[6] - The company is closely monitoring the impact of COVID-19 on its operations, particularly in the Shanghai and Changchun regions[9] - The company plans to optimize production capacity and increase inventory of critical materials to ensure timely delivery of customer orders[9] - The company is prepared for potential project delays and production declines due to ongoing pandemic-related disruptions[9] Expenses and Income - The company reported a 38.96% reduction in sales expenses, amounting to ¥4,658,174.01 compared to ¥7,631,153.14 in the previous year[6] - Research and development expenses increased to ¥9,550,908.18 in Q1 2022, up from ¥8,471,058.82 in Q1 2021, indicating a focus on innovation[14] - Government subsidies recognized in the current period amounted to ¥689,530.53, contributing to an increase in other income[5] Audit and Financial Reliability - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[20]