Andawell(SZ:300719)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥61,289,581.61, representing a decrease of 21.08% compared to the same period last year[4] - The net profit attributable to shareholders was -¥12,529,218.12, a significant decline of 797.66% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥13,873,190.92, reflecting a decrease of 827.70% compared to the previous year[4] - The total revenue for the first quarter decreased by 49.96% to ¥74,071,381.61 compared to ¥148,022,571.48 in the previous year[9] - The net profit for the first quarter was a loss of ¥12,529,218.12, representing a 797.66% decline from a loss of ¥1,395,756.62 in the same period last year[9] - Operating profit decreased by 356.16% to a loss of ¥15,056,632.64, primarily due to reduced sales revenue and decreased government subsidies[9] - Basic and diluted earnings per share were both -¥0.0493, a decrease of 796.36% year-over-year[5] - Net profit for Q1 2022 was a loss of CNY 12,529,218.12, compared to a loss of CNY 1,395,756.62 in the same period last year, representing an increase in loss of 799.4%[26] Cash Flow and Liquidity - The net cash flow from operating activities was -¥68,150,039.93, which is a 411.23% decline from the same period last year[5] - Cash flow from operating activities showed a significant decline of 411.23%, resulting in a net outflow of ¥68,150,039.93[10] - The cash inflow from financing activities amounted to 24,100,000.00 CNY in Q1 2022[31] - The cash outflow for debt repayment was 20,000,000.00 CNY in Q1 2022[31] - The company reported a net decrease in cash and cash equivalents of 95,010,150.65 CNY in Q1 2022[31] - The total cash and cash equivalents at the end of the period decreased by 35.11% to ¥154,176,797.18 from ¥237,591,449.56[10] - The company's cash and cash equivalents decreased by 38.13% to ¥154,176,797.18 due to reduced sales receipts and bank loans[8] - The beginning balance of cash and cash equivalents was 249,186,947.83 CNY at the start of Q1 2022[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,202,955,997.99, down 11.49% from the end of the previous year[5] - Total assets decreased from CNY 1,271,026,715.50 to CNY 1,202,955,997.99, representing a decline of approximately 5.4%[21] - Total current assets decreased from CNY 1,106,914,643.29 at the beginning of the year to CNY 1,036,642,866.88, representing a decline of approximately 6.3%[20] - Total liabilities decreased from CNY 256,172,386.27 to CNY 198,190,919.54, a reduction of approximately 22.6%[22] - Short-term borrowings decreased from CNY 81,799,617.62 to CNY 61,868,784.91, a decline of about 24.4%[22] Operating Costs and Expenses - The company's operating costs decreased by 30.42% to ¥28,959,913.93, primarily due to reduced sales revenue[8] - Total operating costs for Q1 2022 were CNY 78,249,740.60, down 14.2% from CNY 91,227,986.36 year-over-year[24] - The company reported a significant increase in management expenses to CNY 29,151,343.79, up from CNY 25,871,694.82 year-over-year[24] - Research and development expenses for Q1 2022 were CNY 14,155,164.07, slightly down from CNY 14,696,981.93 in the previous year[25] Other Income and Gains - Government subsidies recognized in the current period amounted to ¥1,463,354.56, a decrease of 82.44% compared to the previous year[8] - Other income decreased significantly to CNY 1,463,354.56 from CNY 8,333,941.66 in the previous year, indicating a decline of 82.4%[25] - Investment income from joint ventures was reported as a loss of ¥137,249.46, marking a 100% decrease compared to the previous period[9] - The company disposed of fixed assets, resulting in a gain of ¥190,896.26, which is a 145.89% increase compared to the previous year[9] Shareholder Information - The company had a total of 28,284 common shareholders at the end of the reporting period[12] Corporate Governance - The company announced the completion of the board and supervisory board elections[17] - The company plans to adjust the grant price of the 2021 restricted stock incentive plan[18] Audit Information - The company did not undergo an audit for the Q1 2022 report[32]