Financial Performance - The company's operating revenue for Q1 2022 was ¥75,759,239.64, a decrease of 22.88% compared to ¥98,230,020.31 in the same period last year[4] - The net profit attributable to shareholders was -¥24,462,740.50, representing a decline of 916.66% from -¥2,406,180.16 year-on-year[4] - The company’s basic and diluted earnings per share were both -¥0.36, a decline of 620.00% from -¥0.05 in the previous year[4] - Net loss for Q1 2022 was CNY 24,462,740.50, compared to a net loss of CNY 2,406,180.16 in Q1 2021, representing a significant decline in profitability[22] Cash Flow - The net cash flow from operating activities was -¥74,189,956.94, a decrease of 166.91% compared to -¥27,795,902.69 in the previous year[4] - Cash flow from operating activities increased by 181.00% to ¥5,770,835.47 compared to ¥2,053,688.01 in the same period last year, primarily due to increased government subsidies and interest from current deposits[13] - Cash inflow from operating activities totaled 134,316,435.91 yuan, down from 148,819,962.58 yuan year-over-year, reflecting a decrease of approximately 9.5%[24] - Cash outflow from operating activities increased to 208,506,392.85 yuan, compared to 176,615,865.27 yuan in the previous period, representing an increase of about 18%[25] - The company reported a significant cash inflow from investment activities of 936,414,520.58 yuan, a substantial increase from 50,100,680.14 yuan in the prior period[25] - The net cash flow from investment activities was 676,600.58 yuan, recovering from a negative cash flow of -1,839,122.20 yuan in the previous period[25] - The company’s total cash flow decreased by 76,563,612.43 yuan during the period, compared to a decrease of 31,088,653.92 yuan in the previous period[25] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥1,501,686,585.78, down 7.70% from ¥1,626,916,119.57 at the end of the previous year[4] - Total current assets decreased to ¥1,328,596,498.99 from ¥1,514,258,095.72, indicating a reduction in liquidity[17] - Total liabilities decreased to CNY 120,814,449.62 from CNY 218,045,751.28, a decline of 44.69%[19] - Non-current assets totaled CNY 173,090,086.79, up from CNY 99,647,867.02, indicating a growth of 73.73%[19] Expenses - The company’s marketing expenses increased by 87.18% to ¥9,151,103.44 due to expanded marketing efforts[12] - The company’s management expenses rose by 75.10% to ¥27,865,433.60, primarily due to increased share-based payment expenses[12] - Research and development expenses were CNY 6,602,245.48, down from CNY 8,906,978.56, a decrease of 25.83%[22] - The company paid 153,055,806.29 yuan to employees, up from 123,053,225.60 yuan in the previous period, indicating a rise of about 24% in employee-related expenses[25] Investment Income - The company reported a significant increase in investment income, which rose to ¥7,053,474.15, a staggering increase of 4461.04% from ¥154,646.32 in the same period last year[12] - Investment income received rose by 6,583.17% to ¥6,414,520.58 from ¥95,980.14, attributed to increased returns from financial product investments[13] - Cash received from investment recoveries surged by 1,760.00% to ¥930,000,000.00, up from ¥50,000,000.00, mainly due to the redemption of financial products during the reporting period[13] Inventory and Receivables - Accounts receivable decreased to ¥305,631,770.17 from ¥364,442,661.17, suggesting improved collection or reduced sales[17] - Inventory decreased significantly to ¥218,715.01 from ¥1,264,541.09, indicating a potential reduction in stock levels[17]
深圳瑞捷(300977) - 2022 Q1 - 季度财报