Financial Performance - The company's operating revenue for Q1 2022 was ¥167,200,555.17, a decrease of 6.64% compared to ¥179,086,519.01 in the same period last year[3] - Net profit attributable to shareholders was ¥23,334,868.94, down 23.53% from ¥30,513,346.85 year-on-year[3] - Total operating revenue for the first quarter was CNY 167,200,555.17, a decrease of 6.5% from CNY 179,086,519.01 in the previous year[17] - Net profit for the quarter was CNY 23,334,868.94, representing a decline of 23.5% compared to CNY 30,513,346.85 in the same period last year[18] - The company’s total comprehensive income for Q1 2022 was ¥23,334,868.94, reflecting a decrease from ¥30,513,346.85 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was -¥30,447,425.80, a decline of 181.18% compared to ¥37,504,629.07 in the previous year[3] - Cash inflow from operating activities totaled ¥244,163,217.20, a decline of 17.3% from ¥295,364,221.86 in the previous year[21] - The net cash flow from operating activities was -¥30,447,425.80, compared to a positive ¥37,504,629.07 in Q1 2021[21] - Cash inflow from investment activities was ¥91,124,121.30, down from ¥105,120,239.46 in the previous year[22] - The net cash flow from investment activities improved to ¥74,072,112.40, compared to -¥27,613,230.40 in the same period last year[22] - The net cash flow from financing activities was -¥32,994,119.89, worsening from -¥5,093,882.28 in Q1 2021[22] - The total cash and cash equivalents at the end of Q1 2022 were ¥73,673,356.63, an increase from ¥42,873,636.89 at the end of Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,337,731,066.55, a decrease of 2.62% from ¥1,373,769,404.61 at the end of the previous year[3] - Total assets decreased to CNY 1,337,731,066.55 from CNY 1,373,769,404.61, a reduction of 2.6%[15] - Total liabilities decreased to CNY 540,842,077.72 from CNY 600,215,284.72, a decline of 9.9%[15] Equity and Earnings - The weighted average return on equity decreased to 2.97% from 5.14% in the previous year[3] - The company’s total equity increased to CNY 796,888,988.83 from CNY 773,554,119.89, reflecting a growth of 3.0%[15] - The basic and diluted earnings per share for Q1 2022 were both ¥0.19, down from ¥0.24 in Q1 2021[19] Operational Efficiency - The company reported a significant increase in contract liabilities by 42.82%, indicating a rise in advance payments received[7] - The company experienced a 100% decrease in investment income due to the purchase of bank wealth management products not reaching the settlement period[8] - The company aims to improve its smart information management level through an information technology upgrade project, enhancing operational efficiency[11] - Research and development expenses remained stable at CNY 9,225,019.68, slightly down from CNY 9,309,852.08[18] - The company plans to enhance its R&D capabilities through the establishment of a new R&D center, which will support the continuous development of its core technologies[11] Inventory and Costs - Total operating costs amounted to CNY 146,120,207.96, down 2.5% from CNY 149,661,906.11 year-over-year[18] - Inventory levels rose to CNY 340,593,112.46, up 14.8% from CNY 296,678,989.74 at the start of the year[14] - The company reported a significant reduction in financial expenses, which fell to CNY 1,299,960.73 from CNY 2,344,823.55, a decrease of 44.5%[18]
冠龙节能(301151) - 2022 Q1 - 季度财报