Financial Performance - The company's revenue for Q1 2022 was ¥224,896,271.76, representing a 51.99% increase compared to ¥147,970,639.97 in the same period last year[3] - Net profit attributable to shareholders was ¥27,013,773.34, up 63.91% from ¥16,480,486.44 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥26,709,501.45, reflecting a 63.52% increase compared to ¥16,334,359.66 in the previous year[3] - The net profit for Q1 2022 was CNY 30,066,180.21, a significant increase from CNY 16,210,878.47 in Q1 2021, representing an increase of approximately 85.5%[22] - The operating profit for Q1 2022 reached CNY 33,959,986.71, compared to CNY 15,768,114.06 in the same period last year, indicating a growth of about 115.5%[22] - Basic earnings per share for Q1 2022 were CNY 0.1569, compared to CNY 0.1036 in Q1 2021, reflecting an increase of approximately 51.4%[23] - The total revenue from sales of goods and services received in Q1 2022 was CNY 190,155,406.45, an increase from CNY 155,748,435.22 in Q1 2021, representing a growth of about 22.1%[24] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at -¥18,817,922.87, a decline of 262.35% from ¥11,590,920.27 in the same period last year[3] - The total cash flow from operating activities was negative at CNY -18,817,922.87, compared to a positive cash flow of CNY 11,590,920.27 in the previous year[25] - Cash and cash equivalents at the end of Q1 2022 were CNY 63,644,917.15, down from CNY 160,465,970.24 at the end of Q1 2021, a decrease of about 60.3%[25] - Cash and cash equivalents at the end of the period are CNY 113,658,328.71, down from CNY 148,855,670.53 at the beginning of the year, reflecting a decrease of approximately 23.6%[17] - The company reported a net cash outflow from investing activities of CNY -25,497,480.90, compared to CNY -12,324,352.36 in the previous year[25] - The total cash inflow from financing activities was CNY 151,470,637.23, down from CNY 224,207,771.10 in Q1 2021, indicating a decrease of approximately 32.4%[25] Research and Development - R&D expenses increased by 88.29% due to higher spending on turbocharger and aviation component projects[8] - Research and development expenses increased to CNY 10,091,920.12, up from CNY 5,359,802.84, marking an increase of approximately 88.5% year-over-year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,513,760,242.49, a 4.20% increase from ¥2,412,407,582.07 at the end of the previous year[3] - Total assets as of March 31, 2022, are CNY 2,513,760,242.49, up from CNY 2,412,407,582.07 at the beginning of the year, indicating a growth of about 4.2%[19] - Total liabilities increased to CNY 1,114,480,283.12 from CNY 1,059,843,731.86, reflecting an increase of approximately 5.2%[19] - The total equity attributable to shareholders of the parent company is CNY 1,346,683,654.07, up from CNY 1,317,002,173.83, representing a growth of about 2.3%[19] - The company has a non-current asset total of CNY 1,601,040,302.17, which is an increase from CNY 1,538,146,509.57 at the beginning of the year, indicating a growth of approximately 4.1%[18] Customer and Market Dynamics - The company experienced a shift in its customer base in the automotive parts sector, balancing sales between self-owned and joint venture brands[7] Financial Management - Financial expenses increased by 102.21% due to higher interest expenses from debt financing to support business growth[7] - Long-term borrowings increased by 46.06% compared to the previous year, indicating a need for additional financing[6] Other - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific net profit figures were not disclosed in the provided data[21] - The company did not conduct an audit for the Q1 2022 report[27]
西菱动力(300733) - 2022 Q1 - 季度财报