Financial Performance - The company's revenue for Q1 2022 was ¥338,020,866.86, a decrease of 33.04% compared to ¥504,789,902.21 in the same period last year[3] - Net profit attributable to shareholders was ¥7,986,259.55, down 89.68% from ¥77,366,887.14 year-on-year[3] - Basic and diluted earnings per share were both ¥0.10, a decrease of 92.25% from ¥1.29 in the same period last year[3] - The net cash flow from operating activities was -¥81,540,762.52, a decline of 200.64% compared to ¥81,025,092.68 in the previous year[3] - The total comprehensive income for the period was -1,352,317.55, compared to 74,791,519.79 in the previous period[35] - The net profit for the current period is a loss of ¥2,098,857.22, compared to a net profit of ¥77,366,887.14 in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,433,627,998.81, down 1.61% from ¥4,506,285,009.57 at the end of the previous year[3] - Total liabilities decreased to ¥1,344,971,376.67 from ¥1,416,276,069.89, representing a reduction of approximately 5%[27] - The company's equity attributable to shareholders increased slightly to ¥2,835,614,646.10 from ¥2,826,881,846.88[27] - Deferred income increased to ¥36,610,155.34 from ¥32,212,929.22, showing an increase of about 13.9%[27] Cash Flow - The net cash flow from investing activities was -¥214,800,368.60, an increase of 219.73% compared to -¥67,181,957.53 in the previous year, primarily due to increased payments for project and equipment[10] - The net cash flow from financing activities was ¥126,302,262.81, a significant increase of 1,729.23% compared to -¥7,752,276.63 in the previous year, mainly due to increased borrowings[10] - Cash inflow from financing activities was 322,907,526.74, significantly higher than 54,424,600.00 in the previous period[42] - Cash outflow from operating activities was 619,360,934.50, compared to 373,776,509.00 in the previous period[39] - The ending cash and cash equivalents balance was 530,401,153.67, down from 701,026,676.54 at the beginning of the period[42] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,434[11] - The largest shareholder, Wang Yayuan, holds 22.50% of the shares, totaling 18,000,000 shares[11] Operational Insights - The company's revenue has decreased year-on-year due to reduced market demand and increased competition, impacting both shipment volume and sales price[17] - The company's operating costs have increased due to rising electricity, raw material, and labor costs compared to the previous year[17] - The company reported a significant decrease in sales expenses, which fell to ¥11,024,777.64 from ¥18,027,521.58, a reduction of about 38.5%[31] - Research and development expenses increased to ¥26,334,009.96 from ¥25,375,924.34, indicating a growth of about 3.8%[31] Inventory and Assets Management - The total current assets decreased from 2,629,049,336.47 RMB to 2,485,734,049.76 RMB[21] - The cash and cash equivalents decreased from 735,356,875.77 RMB to 551,226,862.93 RMB[21] - The inventory increased from 290,686,918.09 RMB to 329,999,553.18 RMB[21] - The fixed assets decreased from 1,282,011,588.90 RMB to 1,268,041,892.00 RMB[21] - Short-term borrowings rose significantly to ¥377,478,719.84 from ¥225,517,655.09, an increase of approximately 67%[27] Future Plans - The company plans to implement the "Huangshi Xinbo Technology Co., Ltd. electronic product glass protective screen construction project" in an orderly manner[17] - The company aims to enhance production efficiency through the introduction of advanced automation equipment and the promotion of automation and information technology in production[18]
信濠光电(301051) - 2022 Q1 - 季度财报