Financial Performance - The company's revenue for Q1 2022 was ¥52,539,990.25, a decrease of 44.69% compared to ¥94,993,501.21 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥63,019,696.52, representing a significant decline of 25,438.80% from a loss of ¥246,760.56 in the previous year[3] - Basic and diluted earnings per share were both -¥1.56, reflecting a decrease of 15,500.00% from -¥0.01 in the same period last year[3] - The net profit for Q1 2022 was a loss of CNY 63,111,204.09, compared to a loss of CNY 246,760.56 in the same period last year[30] Cash Flow - The net cash flow from operating activities was a negative ¥73,084,389.61, showing a slight improvement of 0.47% compared to the previous year's negative cash flow of ¥73,426,434.94[3] - Cash flow from operating activities was CNY 77,057,194.68, down from CNY 90,541,827.40 in the previous period[32] - The company reported a total cash outflow from operating activities of 152,624,449.34 CNY, down from 165,725,117.01 CNY last year[33] - The net cash flow from investment activities was 278,565,384.77 CNY, a significant increase from -3,277,845.34 CNY in the previous year[33] - Cash inflow from financing activities amounted to 19,999,504.00 CNY, with a net cash flow of 13,940,961.46 CNY, compared to -6,208,963.54 CNY last year[34] - The net increase in cash and cash equivalents was 219,421,956.62 CNY, contrasting with a decrease of -82,913,243.82 CNY in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,136,590,855.01, down 4.53% from ¥1,190,582,890.13 at the end of the previous year[3] - The total liabilities increased to CNY 219,950,138.61 from CNY 210,987,334.22, with current liabilities totaling CNY 189,955,364.46[26] - The company's equity attributable to shareholders decreased to CNY 905,032,223.97 from CNY 967,895,555.91[26] - The company's total current assets decreased to ¥1,002,914,001.59 from ¥1,052,429,067.69, indicating a reduction in liquidity[24] Expenses - The company reported a significant increase in research and development expenses, which rose by 71.17% to ¥13,343,306.67 compared to ¥7,795,497.98 in the previous year[13] - The company experienced a 50.55% increase in selling expenses, totaling ¥8,209,227.61, attributed to higher brand promotion and business hospitality costs[13] - Total operating costs increased to CNY 122,751,529.05 from CNY 92,371,140.39, with operating costs specifically rising to CNY 76,650,410.73 from CNY 61,727,263.34[29] Shareholder Information - The company has a total of 9,830 ordinary shareholders at the end of the reporting period, with the largest shareholder holding 40.35%[17] - The company has committed to a lock-up period for its major shareholders, with the first release scheduled for February 2025[20] Other Financial Activities - The company recorded an investment income of ¥6,241,296.31 from the redemption of financial products during the reporting period[13] - The company recovered investment cash amounting to ¥375,000,000.00 from matured financial products, indicating successful fundraising efforts[14] - Investment income received increased to ¥6,591,296.31, attributed to higher returns from redeemed financial products[14] - The company is actively managing its financial investments, with a notable focus on financial products that yield returns[14] Audit and Reporting - The company did not conduct an audit for the first quarter report[35] - The report was released on April 26, 2022, by the board of directors of the company[35]
山水比德(300844) - 2022 Q1 - 季度财报