AFR(SZ:300620)2022-04-25 16:00Financial Performance - Revenue for Q1 2022 was CNY 140,975,238.97, a decrease of 2.96% compared to CNY 145,275,743.75 in the same period last year[4] - Net profit attributable to shareholders was CNY 22,947,563.13, down 7.56% from CNY 24,823,007.21 year-on-year[4] - Net profit excluding non-recurring gains and losses decreased by 40.30% to CNY 13,256,189.68 from CNY 22,204,913.44 in the previous year[4] - Basic earnings per share decreased by 8.78% to CNY 0.1382 from CNY 0.1515 year-on-year[4] - The net profit for the current period is ¥22,947,563.13, a decrease of 7.1% compared to ¥24,823,007.21 in the previous period[35] - The total profit for the current period is ¥25,854,051.59, down from ¥30,943,154.65, reflecting a decline of 16.5%[35] - The operating profit decreased to ¥25,985,500.67 from ¥30,930,579.77, representing a drop of 16.0%[35] Cash Flow and Liquidity - Operating cash flow was negative at CNY -2,796,072.67, a decline of 63.18% compared to CNY -1,713,461.62 in the same period last year[4] - Cash and cash equivalents decreased by 39.69% to CNY 387,076,596.72 from CNY 641,831,950.42 at the beginning of the year, primarily due to cash management activities[9] - The company's cash and cash equivalents at the end of the reporting period amount to ¥387,076,596.72, down from ¥641,831,950.42 at the beginning of the year[21] - Cash flow from operating activities showed a net outflow of ¥2,796,072.67, worsening from a net outflow of ¥1,713,461.62 in the previous period[39] - The cash and cash equivalents at the end of the period decreased to ¥382,835,721.12 from ¥859,256,706.34, a decline of 55.5%[41] Assets and Liabilities - Total assets increased by 1.62% to CNY 1,796,484,994.33 from CNY 1,767,851,379.48 at the end of the previous year[4] - Total liabilities amounted to ¥239,593,407.32, a slight increase from ¥234,324,593.63 in the previous period[27] - The company's total assets increased to ¥1,796,484,994.33, up from ¥1,767,851,379.48 in the previous period[30] - Accounts receivable rose to ¥213,724,196.18, compared to ¥197,741,644.11 in the previous period, reflecting an increase of 8.0%[24] - Inventory increased to ¥212,025,971.18, up from ¥179,641,952.86, representing a growth of 17.9%[24] - Short-term borrowings increased to ¥4,305,125.00, compared to ¥2,883,710.00 in the previous period, indicating a rise of 49.2%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,697[13] - Zhuhai Huafa Entity Industry Investment Holding Co., Ltd. holds 23.76% of shares, totaling 38,988,264 shares[13] - Infinimax Assets Limited holds 18.58% of shares, totaling 30,486,240 shares[13] - Pro-Tech Group Holdings Limited holds 10.59% of shares, totaling 17,370,990 shares[13] - The total number of restricted shares at the end of the period is 4,218,326 shares, down from 4,461,065 shares at the beginning of the period[19] - The company plans to unlock 25% of the restricted shares held by executives annually according to the stock incentive plan[19] Research and Development - R&D expenses increased by 43.19% to CNY 22,581,235.15 from CNY 15,769,700.07 year-on-year, reflecting increased investment in research and development[9] - Research and development expenses rose significantly to ¥22,581,235.15, an increase of 43.2% compared to ¥15,769,700.07 in the previous period[31] Other Income and Expenses - The company reported a significant increase in other income, which rose by 246.50% to CNY 10,550,287.11 from CNY 3,044,804.71 in the previous year, mainly due to increased government subsidies[9] - Total operating costs increased to ¥125,627,552.34, up 7.0% from ¥116,399,551.12 in the previous period[31] - Other comprehensive income after tax for the current period was -¥3,777,824.80, improving from -¥5,861,013.38 in the previous period[35] - The total comprehensive income for the current period was ¥19,169,738.33, slightly up from ¥18,961,993.83 in the previous period[35] Future Outlook - The company has not disclosed any new strategies or future outlook in the provided documents[19]