Financial Performance - The company's revenue for Q1 2022 was CNY 199,708,716.96, representing a 1.29% increase compared to CNY 197,162,503.04 in the same period last year[4] - Net profit attributable to shareholders decreased by 24.47% to CNY 20,309,918.91 from CNY 26,888,417.42 year-on-year[4] - The net profit after deducting non-recurring gains and losses fell by 33.33% to CNY 17,924,767.84 compared to CNY 26,884,314.95 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 199.71 million, a slight increase of 0.78% compared to CNY 197.16 million in Q1 2021[25] - Net profit for Q1 2022 was CNY 20.31 million, a decrease of 24.36% from CNY 26.89 million in Q1 2021[26] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.20, down from CNY 0.35 in Q1 2021[27] Cash Flow and Investments - The company's cash flow from operating activities showed a net outflow of CNY 34,942,599.58, worsening by 29.90% from a net outflow of CNY 26,898,726.35 in the same period last year[4] - Total cash inflow from investment activities was 203,950,102.83 CNY, significantly higher than 39,441,952.81 CNY in the same period last year[31] - The net cash flow from investment activities was -118,385,814.08 CNY, compared to -17,155,347.85 CNY in the previous year, reflecting increased investment expenditures[31] - Cash inflow from financing activities was 48,348,409.00 CNY, down from 76,980,585.51 CNY year-over-year[31] - The net cash flow from financing activities was 8,241,280.16 CNY, compared to 16,689,496.54 CNY in the previous year, indicating a decrease in financing efficiency[31] - The company received 202,000,000.00 CNY from investment recoveries, a significant increase from 39,400,000.00 CNY in the previous year[30] - The company paid 314,310,000.00 CNY for investments, compared to 39,400,000.00 CNY in the previous year, indicating aggressive investment strategies[31] - The company reported a net increase in cash and cash equivalents of -145,103,025.99 CNY, compared to -27,359,413.15 CNY in the previous year, highlighting liquidity challenges[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,054,563,515.41, down 3.68% from CNY 1,094,905,208.31 at the end of the previous year[4] - Total liabilities at the end of Q1 2022 were CNY 206.04 million, down from CNY 266.69 million in the previous year[23] - Non-current liabilities totaled CNY 2.84 million, a decrease from CNY 3.48 million in Q1 2021[23] - The total current assets decreased from CNY 701,343,021.53 at the beginning of the year to CNY 662,346,260.72 by the end of the quarter, representing a decline of approximately 5.5%[20] - Cash and cash equivalents dropped significantly from CNY 214,544,596.17 to CNY 69,521,887.17, a decrease of about 67.6%[21] - The trading financial assets increased from CNY 121,075,761.12 to CNY 231,284,754.47, marking an increase of approximately 91.7%[21] - Accounts receivable decreased from CNY 225,567,647.31 to CNY 204,667,329.49, a reduction of about 9.3%[21] - Inventory increased from CNY 119,007,123.72 to CNY 130,294,964.07, reflecting an increase of approximately 9.4%[21] - The company’s fixed assets increased slightly from CNY 212,368,045.87 to CNY 216,802,916.43, an increase of about 2%[21] Operational Efficiency - Total operating costs for Q1 2022 were CNY 179.94 million, up 9.31% from CNY 164.60 million in the same period last year[25] - Research and development expenses for Q1 2022 were CNY 6.38 million, slightly up from CNY 6.15 million in the same period last year[26] - The company reported a decrease in accounts payable from CNY 167.73 million in Q1 2021 to CNY 121.90 million in Q1 2022[23] - The total cash outflow from operating activities was 260,805,429.11 CNY, compared to 222,137,301.00 CNY in the previous year, showing increased operational costs[30] - The weighted average return on equity decreased to 2.42% from 6.94% year-on-year, a decline of 4.52%[4] - Management expenses increased by 33.10% to CNY 9,089,332.76, primarily due to higher salary and consulting costs[11] - Investment income surged by 6,441.06% to CNY 2,744,159.58, attributed to increased financial management funds[11] - The company experienced a 590.08% increase in cash outflow from investment activities, totaling CNY -118,385,814.08, due to higher investment in financial management[13] Shareholder Information - The total number of restricted shares at the end of the period was 77,364,344, down from 78,693,738 at the beginning of the period, indicating a reduction of about 1.7%[18] - The company has a significant amount of restricted shares set to be released on August 13, 2022, totaling 6,189,147 shares held by Heze Jincheng Liyuan Information Technology Partnership[18] - The company reported a total of 78,693,738 restricted shares at the beginning of the period, with 1,329,394 shares released during the period[18]
天禄科技(301045) - 2022 Q1 - 季度财报