Profit C&C(SZ:300640)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 223,171,553.55, representing a 34.74% increase compared to CNY 165,634,517.73 in the same period last year[3]. - Net profit attributable to shareholders was CNY 8,264,258.23, a slight increase of 0.30% from CNY 8,239,253.44 year-on-year[3]. - The net cash flow from operating activities reached CNY 26,919,487.00, a significant improvement of 424.67% compared to a negative cash flow of CNY -8,291,218.95 in the previous year[3]. - The company reported a basic earnings per share of CNY 0.0288, down 22.79% from CNY 0.0373 in the same period last year[3]. - Operating profit for the first quarter was CNY 8,526,172.62, down from CNY 9,127,018.25, indicating a decrease of about 6.6% year-over-year[24]. - The net profit for the first quarter of 2022 was CNY 8,264,258.23, a slight increase from CNY 8,239,253.44 in the same period last year, representing a growth of approximately 0.3%[24]. - Basic and diluted earnings per share for the first quarter were both CNY 0.0288, down from CNY 0.0373 in the same period last year, representing a decrease of approximately 22.4%[25]. Cash Flow and Investments - Cash received from sales of goods and services was CNY 240,217,459.81, a 58.55% increase from CNY 151,504,901.58 in the previous year[7]. - The total investment cash outflow was CNY 148,249,744.23, compared to CNY 108,805,272.80 in the previous year, indicating an increase of approximately 36.3%[28]. - The company's cash and cash equivalents decreased from RMB 172,929,755.78 at the beginning of the year to RMB 43,417,896.93 by the end of the first quarter[19]. - The company reported a total cash and cash equivalents balance of CNY 43,417,896.93 at the end of the quarter, down from CNY 351,285,121.61 at the end of the previous year[29]. - The company invested CNY 125,000,000.00 in short-term low-risk structured financial products, marking a 1150.00% increase compared to CNY 10,000,000.00 in the previous year[7]. Operating Costs and Expenses - The company expanded its business scale, leading to a 34.66% increase in operating costs to CNY 192,876,487.20[6]. - Total operating costs for the current period were RMB 216,938,627.38, up from RMB 158,209,711.67 in the previous period, indicating an increase of about 37.0%[23]. - Research and development expenses increased by 58.64% to CNY 5,734,363.06, driven by higher labor and material costs[6]. - The company incurred financial expenses of CNY 1,337,775.91, compared to a financial income of CNY -61,073.10 in the previous year, reflecting a significant shift in financial performance[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,614[10]. - The largest shareholder, Wu Tifang, holds 39.75% of shares, amounting to 85,080,382 shares, with 47,550,000 shares pledged[10]. - The top ten shareholders hold a significant portion of shares, with Wu Tifang and Chen Lan being the most prominent[10]. - The shareholder structure indicates potential influence from major shareholders on corporate decisions[10]. Corporate Actions and Future Plans - The company plans to raise a total of 134.08 million RMB through a simplified procedure for issuing shares to specific targets, with net proceeds allocated to digital display center and smart retail terminal projects[14]. - The company has a strategy to enhance liquidity through the issuance of new shares, pending approval from regulatory authorities[14]. - The company approved a share repurchase plan to buy back shares worth between RMB 10 million and 20 million at a maximum price of RMB 8.80 per share, completing the repurchase of 1,459,000 shares, which is 0.51% of the total share capital[16]. - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives, with unutilized shares to be canceled if not used within the legal timeframe[16]. - The total number of restricted shares at the beginning of the period was 99,038,654, with 5,403,015 shares released from restrictions, leaving 93,635,639 restricted shares at the end of the period[13]. - The company has implemented a lock-up period for executives, allowing a maximum of 25% of their shares to be released annually[12].