Increase(SZ:300713)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was ¥59,100,944.96, representing a 25.68% increase compared to ¥47,026,046.48 in the same period last year[3] - Net profit attributable to shareholders decreased by 14.03% to ¥1,664,304.81 from ¥1,936,006.34 year-on-year[3] - The company reported a 59.11% decrease in net profit after deducting non-recurring gains and losses, amounting to ¥138,985.20 compared to ¥339,867.94 in the previous year[3] - The company's basic earnings per share decreased by 14.63% to ¥0.0105 from ¥0.0123 year-on-year[3] - Net profit for the current period was ¥895,306.41, down 52.6% from ¥1,889,519.29 in the previous period[26] - The company reported a total comprehensive income of ¥895,306.41, down from ¥1,889,519.29 in the previous period[27] Cash Flow - The net cash flow from operating activities was negative at -¥19,423,980.96, a significant decline of 2,902.95% compared to -¥646,829.11 in the previous year[10] - The net cash flow from operating activities was negative at -¥19,423,980.96, compared to -¥646,829.11 in the previous period[29] - The net cash flow from investing activities improved by 133.69% to ¥10,621,813.78 from -¥31,528,307.29 in the previous year[10] - The company received cash from investment activities amounting to ¥65,306,481.25, compared to ¥87,349,418.99 in the previous period[29] - The net cash flow from financing activities was positive at ¥489,354.19, down from ¥12,164,284.88 in the previous period[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥989,863,274.14, a slight increase of 0.16% from ¥988,262,890.00 at the end of the previous year[3] - The company's current assets decreased to CNY 574,814,138.54 from CNY 608,025,270.35, representing a decline of approximately 5.5%[21] - Cash and cash equivalents were reported at CNY 129,766,411.40, down from CNY 143,507,254.64, indicating a decrease of about 9.5%[21] - The total liabilities of the company were CNY 255,388,910.47, showing a minor decrease from CNY 255,543,832.74[23] - The company's equity attributable to shareholders rose to CNY 730,862,704.78 from CNY 729,198,399.97, an increase of about 0.23%[23] Shareholder Information - The company reported a total of 76,496,683 shares held by executives, with 1,196,126 shares released from lock-up during the period[16] - The largest shareholder, Yin Wei, holds 53,346,294 shares, which are all high-level locked shares[16] - The company has a total of 10 major unrestricted shareholders, with the largest being Yin Wei at 17,358,798 shares[13] - The company has seen a reduction in the number of restricted shares, with 318,639 shares released from lock-up for executive Deng Hu[16] Research and Development - Research and development expenses increased to ¥10,501,492.26, a 26.0% rise from ¥8,336,432.82 in the previous period[26] - The company has received re-certification as a national high-tech enterprise, indicating a strong focus on innovation and technology[17] - The company is actively involved in acquiring new patents, with a recent announcement regarding the acquisition of a utility model patent[17] Corporate Governance and Strategy - The company has announced plans for new product development and market expansion, although specific details were not disclosed in the call[17] - The company has a stock option incentive plan in place, which was discussed in the board meeting[17] - The company is exploring new fundraising projects and has announced changes to the use of funds raised from its initial public offering[17] - The company is committed to maintaining transparency with shareholders, as evidenced by multiple announcements regarding shareholding changes and corporate governance[17] Inventory and Other Assets - Inventory levels increased to CNY 115,527,881.52 from CNY 102,107,336.65, marking a rise of approximately 13.2%[21] - The company reported a total non-current asset value of CNY 415,049,135.60, up from CNY 380,237,619.65, indicating an increase of about 9.2%[22] - The company experienced a 32.01% decrease in trading financial assets, totaling ¥73,438,564.28 compared to ¥108,018,735.67 at the beginning of the period[7] - The company's short-term borrowings remained unchanged at CNY 31,781,412.50[23]