Financial Performance - Revenue for Q1 2022 was CNY 116,131,827.83, an increase of 11.68% compared to CNY 103,985,820.29 in the same period last year[3] - Net profit attributable to shareholders decreased by 12.66% to CNY 10,616,666.91 from CNY 12,155,217.73 year-on-year[3] - Basic and diluted earnings per share fell by 34.49% to CNY 0.1299 from CNY 0.1983 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 116,131,827.83, an increase of 11.0% compared to CNY 103,985,820.29 in Q1 2021[22] - Total operating costs for Q1 2022 were CNY 104,651,247.57, up 11.1% from CNY 94,138,642.72 in the same period last year[22] - Net profit for Q1 2022 was CNY 11,763,964.68, representing a 2.0% increase from CNY 11,535,922.61 in Q1 2021[24] - Earnings per share for Q1 2022 were CNY 0.1299, down from CNY 0.1983 in Q1 2021[25] - The company reported a comprehensive income total of CNY 12,136,011.06 for Q1 2022, compared to CNY 11,415,320.95 in Q1 2021[25] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -27,714,717.68, a decline of 28.98% compared to CNY -21,487,666.17 in the same period last year[3] - Cash inflow from operating activities in Q1 2022 totaled CNY 51,209,455.41, compared to CNY 76,353,275.38 in Q1 2021[26] - The cash flow from sales of goods and services in Q1 2022 was CNY 43,125,828.65, reflecting a decrease from CNY 73,732,228.32 in Q1 2021[26] - The company reported a total cash outflow of 78,924,173.09 from operating activities, down from 97,840,941.55, indicating a reduction of about 19.3%[28] - The total cash and cash equivalents at the end of the period were 215,538,516.89, a decrease from 251,774,264.17 at the beginning of the period, representing a decline of approximately 14.3%[29] - The company experienced a significant decrease in cash and cash equivalents, with a net decrease of 36,235,747.28 compared to a net decrease of 47,019,459.17 in the previous year[29] Assets and Liabilities - Total assets decreased by 3.84% to CNY 945,298,489.98 from CNY 983,074,263.68 at the end of the previous year[3] - Accounts receivable increased by 31.58% compared to the beginning of the year, driven by business growth during the reporting period[8] - Cash and cash equivalents decreased to CNY 220,186,953.38 from CNY 297,015,182.39, representing a decline of about 25.9%[18] - Inventory rose to CNY 271,666,288.98 from CNY 263,489,225.57, indicating an increase of about 3.4%[19] - Total liabilities decreased to CNY 404,036,838.04 in Q1 2022 from CNY 453,948,622.77 in Q1 2021[21] - Total equity attributable to shareholders increased to CNY 538,421,825.63 in Q1 2022 from CNY 527,433,112.37 in Q1 2021[21] Research and Development - R&D expenses increased by 41.30% compared to the same period last year, indicating a rise in investment in innovation[8] - Research and development expenses for Q1 2022 were CNY 6,610,886.40, an increase of 41.4% from CNY 4,678,704.95 in Q1 2021[22] Management and Governance - The company appointed a new CFO, Cai Fangqi, effective February 24, 2022, following the resignation of the previous CFO, Liang Yongzhong[15] - The company plans to lift the trading restrictions on 953,653 shares, which were part of the initial public offering, effective March 1, 2022[16] Other Financial Information - The company received government subsidies amounting to CNY 651,358.53, primarily related to patents and high-tech support[6] - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[30] - The total cash outflow from financing activities included 10,011,977.77 for debt repayment, highlighting the company's focus on managing its liabilities[29] - The impact of exchange rate changes on cash and cash equivalents was -35,655.10, indicating a negative effect on the cash position[29]
远信工业(301053) - 2022 Q1 - 季度财报