万兴科技(300624) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥262,750,168.48, representing a 3.71% increase compared to ¥253,358,043.08 in the same period last year[8] - The net profit attributable to shareholders was -¥3,557,404.67, a decrease of 112.13% from ¥29,330,998.70 year-on-year[8] - The net cash flow from operating activities was -¥28,310,610.45, a decline of 260.79% compared to -¥7,846,929.54 in the previous year[8] - The total operating revenue for the current period reached ¥262,750,168.48, an increase from ¥253,358,043.08 in the previous period, representing a growth of approximately 1.55%[37] - The total profit for the current period is 4,123,859.08, down from 39,808,628.24 in the previous period[43] - The operating profit for the current period is 4,264,881.37, compared to 39,721,657.45 in the previous period[43] - The basic earnings per share for the current period is -0.03, compared to 0.23 in the previous period[43] - The total comprehensive income attributable to the parent company is -3,557,404.67, compared to 29,330,998.70 in the previous period[43] Expenses and Costs - R&D expenses increased by ¥17,215,700, a year-on-year growth of 26.87%[8] - Marketing expenses rose by ¥23,458,200, reflecting a 21.94% increase year-on-year due to intensified market competition[8] - Total operating costs increased to ¥263,782,806.62 from ¥218,611,277.03, marking a rise of about 20.66%[37] - Research and development expenses rose significantly to ¥81,287,656.61, compared to ¥64,071,932.84, reflecting an increase of approximately 26.94%[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,510,754,236.51, down 1.96% from ¥1,540,893,281.47 at the end of the previous year[8] - Total liabilities decreased to ¥627,452,127.29 from ¥661,435,969.29, a reduction of approximately 5.14%[36] - The equity attributable to shareholders of the parent company was ¥878,607,364.77, slightly down from ¥879,723,915.92, a decrease of about 0.13%[36] - The company’s total non-current liabilities increased slightly to ¥479,194,364.37 from ¥476,217,104.26, an increase of about 0.41%[36] - The company’s contract liabilities increased to ¥29,487,529.78 from ¥27,610,044.39, indicating a growth of approximately 6.77%[33] Cash Flow - The cash flow from investment activities was -¥201,210,681.61, a decrease of 224.28% compared to ¥161,902,132.48 in the previous year[14] - The cash flow from operating activities shows a net outflow of -28,310,610.45, compared to -7,846,929.54 in the previous period[47] - The cash and cash equivalents decreased from RMB 459.86 million at the beginning of the year to RMB 225.40 million at the end of the reporting period[27] - The cash and cash equivalents at the end of the period amount to 213,052,281.95, down from 271,047,580.97 at the end of the previous period[47] Product and Market Performance - The company reported a subscription revenue ratio of 62.24% during the reporting period, indicating a strong shift towards SaaS transformation[24] - The core product Wondershare Filmora launched version 11, resulting in a sales revenue increase of approximately 9.61% quarter-over-quarter[24] - The creative resource marketplace Wondershare Filmstock saw a year-on-year revenue growth of 66.12% after its upgrade and the launch of new resources[25] - Wondershare Recoverit achieved a year-on-year sales revenue growth of 20.26% due to enhancements in recovery performance and conversion rates[25] - The company’s domestic government and enterprise business sales revenue increased by over 400% during the reporting period[25] Research and Development - The company increased its R&D expenses by 26.87% compared to the same period last year, focusing on new product development and AI technologies[26] - The video technology engine WES was successfully integrated into Filmora V11, improving video export speed by approximately 197%[26] - As of March 31, 2022, the company had applied for a total of 500 patents, including 453 invention patents, and had been granted 187 patents[26] Financial Expenses - The company reported a significant increase in financial expenses by 3985.02% to ¥4,624,034.60 due to interest expenses from convertible bonds issued in June 2021[12] - The company reported a net loss from investments of ¥246,112.31, contrasting with a gain of ¥2,927,747.81 in the previous period[37]