Gian(SZ:300709)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥438,470,171.76, representing a year-on-year increase of 1.11% compared to ¥433,638,148.21 in Q1 2021[4] - The net profit attributable to shareholders for Q1 2022 was ¥23,486,604.36, up 2.87% from ¥22,830,304.71 in the same period last year[4] - Basic earnings per share decreased by 11.76% to ¥0.15 from ¥0.17 in the previous year[5] - Total operating revenue for Q1 2022 was CNY 438,470,171.76, compared to CNY 433,638,148.21 in the previous period, showing a slight increase[27] - Net profit for Q1 2022 was CNY 18,339,342.33, down from CNY 22,945,482.91 in the previous period, indicating a decrease of approximately 20.5%[29] - The total comprehensive income for the first quarter was CNY 18,493,078.93, compared to CNY 23,547,317.36 in the previous period[30] Cash Flow - The net cash flow from operating activities improved significantly to ¥159,680,606.64, a 738.34% increase from -¥25,014,984.92 in Q1 2021[4] - The net cash flow from operating activities increased significantly to ¥159,680,606.64, a 738.34% increase compared to the previous period[13] - Cash inflow from operating activities totaled CNY 716,242,957.04, up from CNY 513,797,776.78 year-over-year[33] - The net cash flow from investing activities improved to -¥220,161,600.86, a 57.84% reduction in outflow compared to -¥522,167,350.79 in the previous period[13] - The net cash flow from financing activities decreased to -¥76,185,362.90, a decline of 151.98% compared to the previous period's inflow of ¥146,568,157.43[13] - The company reported a decrease in cash flow from other operating activities, with CNY 44,596,719.88 received compared to CNY 8,185,031.41 previously[33] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥3,580,758,690.37, down 4.32% from ¥3,742,241,460.23 at the end of the previous year[5] - The equity attributable to shareholders decreased by 7.72% to ¥2,192,516,165.74 from ¥2,375,855,130.11 at the end of the previous year[5] - Total liabilities increased to CNY 1,382,893,227.62 from CNY 1,346,142,110.75, indicating a rise of approximately 2.7%[25] - The company's cash and cash equivalents decreased to CNY 320,806,915.13 from CNY 160,000,000.00, showing a significant increase in liquidity[24] - Inventory levels rose to CNY 466,617,993.16 from CNY 406,124,597.04, representing an increase of about 14.9%[24] Investments and Acquisitions - The company reported a significant increase in trading financial assets, which rose by 100.50% to ¥320,806,915.13 due to increased purchases of financial products[10] - The company completed the acquisition of 100% equity in Changzhou Ruidian Precision Technology Co., Ltd. on January 19, 2022, enhancing its market position[21] - The company is focused on expanding its market presence through strategic acquisitions and financing initiatives[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,382[15] - The largest shareholder, Wang Mingxi, holds 19.42% of the shares, totaling 30,134,333 shares[15] - The total number of restricted shares at the end of the reporting period was 31,802,156, with no shares released during the period[20] - The company’s management is subject to a 25% limit on the transfer of their shares during their tenure, ensuring alignment with shareholder interests[20] - The company has a total of 324,079 restricted shares, with 318,814 shares under the stock incentive plan[20] Expenses - The company recorded a 95.52% increase in taxes and surcharges, amounting to ¥5,698,039.35, mainly due to increased urban construction tax and education fees[11] - Research and development expenses for Q1 2022 amounted to CNY 46,046,621.60, compared to CNY 42,801,705.16 in the previous period, reflecting an increase of about 7.3%[27] - The company reported a financial expense of CNY 1,521,222.33, down from CNY 6,118,569.86 in the previous period, reflecting a decrease of about 75.1%[27] Management and Strategy - The company is actively managing idle funds by investing in financial products and acquiring fixed assets[13] - The company plans to issue convertible bonds to unspecified investors, as disclosed on February 17, 2022, to raise additional capital[21] - The company's management team includes individuals with significant locked shares, ensuring their commitment to the company's long-term success[20] Miscellaneous - The impact of exchange rate fluctuations on cash and cash equivalents was -¥1,408,385.28, a 196.42% change compared to the previous period[13] - The company has not reported any preferred shareholders or changes in restricted shares during the reporting period[18] - The company reported a cash balance of ¥446,986,403.99 as of March 31, 2022, compared to ¥558,055,673.97 at the beginning of the year, indicating a decrease in cash reserves[23] - The company did not conduct an audit for the first quarter report[35]