Financial Performance - The company's revenue for Q1 2022 was ¥98,471,072.39, a decrease of 5.72% compared to ¥104,446,541.94 in the same period last year[3] - Net profit attributable to shareholders was ¥10,325,896.45, down 60.32% from ¥26,024,180.62 year-on-year[3] - Basic and diluted earnings per share decreased by 70.83% to ¥0.140 from ¥0.480 in the previous year[3] - Total operating revenue for Q1 2022 was ¥98,471,072.39, a decrease of 5.4% compared to ¥104,446,541.94 in the same period last year[19] - Net profit for Q1 2022 was ¥10,325,896.45, down 60.4% from ¥26,024,180.62 in Q1 2021[20] - Basic and diluted earnings per share decreased to ¥0.140, compared to ¥0.480 in the same quarter last year[21] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥6,259,171.52, an 88.05% improvement from a net outflow of ¥52,366,463.43 in the same period last year[9] - Cash inflow from operating activities was ¥104,895,458.73, an increase of 27.6% from ¥82,226,884.32 in Q1 2021[22] - The net cash flow from operating activities was -6,259,171.52 CNY, an improvement from -52,366,463.43 CNY in the previous year[24] - The company reported a total cash outflow from operating activities of 111,154,630.25 CNY, compared to 134,593,347.75 CNY in the previous year[24] - The net cash flow from investing activities showed a significant outflow of ¥31,220,751.05, a 201.81% increase compared to the previous year's outflow of ¥10,344,530.66[9] - The net cash flow from investment activities was -31,220,751.05 CNY, worsening from -10,344,530.66 CNY year-over-year[24] - Cash inflow from financing activities was 9,500,000.00 CNY, down from 25,000,000.00 CNY in the previous year[24] - The net cash flow from financing activities was -1,493,840.20 CNY, a significant decline from 24,451,904.42 CNY in the same quarter last year[24] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥1,042,897,613.65, a decrease of 0.98% from ¥1,053,214,429.22 at the end of the previous year[3] - Total current assets decreased from CNY 650,056,650.92 at the beginning of the year to CNY 631,589,968.46 at the end of the period, a decrease of approximately 0.72%[15] - Cash and cash equivalents decreased from CNY 204,839,558.71 to CNY 164,113,844.27, a decline of about 19.93%[15] - Accounts receivable decreased from CNY 110,432,233.90 to CNY 92,648,144.84, a reduction of approximately 16.14%[15] - Inventory increased from CNY 43,994,727.61 to CNY 55,691,526.32, an increase of about 26.58%[15] - Total current liabilities decreased from CNY 102,275,754.11 to CNY 81,432,616.34, a reduction of about 20.38%[16] - Total liabilities decreased to ¥115,548,439.36 from ¥136,114,432.79 year-on-year[20] - Total equity attributable to shareholders of the parent company increased to ¥927,349,174.29 from ¥917,099,996.43 in the previous year[20] Expenses - Total operating costs increased to ¥85,081,096.24, up 15.6% from ¥73,588,421.65 in the previous year[20] - Research and development expenses decreased by 38.84% to ¥4,059,320.64 from ¥6,636,817.51 in the previous year[8] - Sales expenses rose to ¥3,811,285.87, up 137.5% from ¥1,602,607.82 in Q1 2021[20] - Management expenses increased to ¥8,662,677.48, compared to ¥5,239,825.18 in the same period last year[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,981[11] - The largest shareholder, Wei Zhixiang, holds 29.64% of shares, amounting to 21,310,000 shares, which are fully pledged[11] Other Information - The company has not reported any new product developments or market expansion strategies in the current quarter[12] - The company did not undergo an audit for the first quarter report[25] - The cash outflow for the acquisition of fixed assets was 8,967,247.25 CNY, down from 10,860,589.98 CNY year-over-year[24] - The company experienced a negative impact of -277,735.06 CNY from exchange rate fluctuations on cash and cash equivalents[24]
祥源新材(300980) - 2022 Q1 - 季度财报