Financial Performance - The company's revenue for Q1 2022 was ¥317,744,266.21, a decrease of 1.40% compared to ¥322,264,039.07 in the same period last year[1] - Net profit attributable to shareholders was ¥52,835,999.47, representing a 33.87% increase from ¥39,468,052.42 year-on-year[1] - Basic earnings per share rose to ¥0.13, an 18.18% increase from ¥0.11 in the same period last year[1] - Total operating revenue for the current period is ¥317,744,266.21, a decrease of 1.6% from ¥322,264,039.07 in the previous period[51] - Net profit for the current period is ¥52,835,999.47, an increase of 33.9% from ¥39,468,052.42 in the previous period[62] - Basic earnings per share for the current period is ¥0.13, up from ¥0.11 in the previous period, indicating a growth of 18.2%[62] - The total comprehensive income for the current period is ¥52,834,306.36, compared to ¥39,471,825.15 in the previous period, indicating an increase of 33.8%[62] Cash Flow - The net cash flow from operating activities reached ¥75,227,105.05, a significant increase of 1,598.24% compared to -¥5,021,044.29 in the previous year[1] - Cash flow from operating activities for the current period is ¥75,227,105.05, a significant improvement compared to a negative cash flow of -¥5,021,044.29 in the previous period[65] - The company reported a net cash inflow from investment activities of ¥3,576,194.04, down from ¥4,082,202.49 in the previous period[65] - Net cash flow from investing activities was -$29,795,885.20, a decrease from -$48,668,857.26 in the previous period[68] - Cash inflow from financing activities totaled $55,492,859.52, down from $115,932,088.91 year-over-year[68] - The net cash flow from financing activities was -$99,832,250.94, contrasting with a positive $44,364,774.37 last year[68] - The net increase in cash and cash equivalents was -$54,385,967.39, compared to -$9,091,973.23 previously[68] - The ending balance of cash and cash equivalents was $423,119,864.92, down from $46,074,381.47 in the last period[68] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,697,484,737.40, a decrease of 6.07% from ¥1,807,174,079.13 at the end of the previous year[1] - The company's equity attributable to shareholders increased by 4.68% to ¥1,197,312,331.97 compared to ¥1,143,796,678.53 at the end of the previous year[1] - The total assets of Suzhou Wanxiang Technology Co., Ltd. decreased from CNY 1,807,174,079.13 at the beginning of the year to CNY 1,697,484,737.40 by the end of the reporting period, representing a decline of approximately 6.09%[13] - The company's cash and cash equivalents decreased from CNY 483,797,540.28 to CNY 429,233,964.92, a reduction of about 11.29%[13] - Accounts receivable decreased from CNY 445,448,617.56 to CNY 413,865,567.64, reflecting a decrease of approximately 7.09%[13] - Inventory levels decreased from CNY 225,656,442.55 to CNY 203,661,282.66, indicating a decline of about 9.73%[13] - Current liabilities decreased from CNY 550,875,031.55 to CNY 417,405,252.95, a reduction of approximately 24.19%[16] - The total liabilities decreased from CNY 663,377,400.60 to CNY 500,172,405.43, representing a decline of about 24.59%[32] - The company's retained earnings increased from CNY 287,142,217.49 to CNY 339,979,301.76, an increase of approximately 18.43%[45] - The total equity attributable to shareholders increased from CNY 1,143,796,678.53 to CNY 1,197,312,331.97, reflecting an increase of about 4.67%[46] - The company reported a significant reduction in short-term borrowings from CNY 239,830,564.95 to CNY 171,683,441.64, a decrease of approximately 28.5%[16] Research and Development - Research and development expenses increased by 37.11% to ¥19,468,454.78, driven by higher investment in R&D and an increase in personnel[6] - Research and development expenses for the current period are ¥19,468,454.78, an increase of 37.4% from ¥14,198,699.52 in the previous period[58] Other Information - The company received government subsidies amounting to ¥3,493,431.07 during the reporting period[5] - The company has not reported any new product developments or market expansion strategies during this reporting period[12] - The first quarter report was not audited[69]
万祥科技(301180) - 2022 Q1 - 季度财报