Financial Performance - The company's revenue for Q1 2022 was ¥104,613,128.65, a decrease of 14.36% compared to ¥122,159,679.74 in the same period last year[3] - Net profit attributable to shareholders was ¥9,206,195.32, an increase of 28.89% from ¥7,142,412.27 year-on-year[3] - The company's basic earnings per share decreased by 3.32% to ¥0.0961 from ¥0.0994 in the same period last year[3] - The weighted average return on equity fell to 0.94%, down 1.16% from 2.10% year-on-year[3] - Total operating revenue for Q1 2022 was CNY 104,613,128.65, a decrease of 14.36% compared to CNY 122,159,679.74 in the same period last year[18] - Net profit for Q1 2022 reached CNY 9,206,195.32, representing an increase of 28.93% from CNY 7,142,412.27 in Q1 2021[20] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0961, slightly down from CNY 0.0994 in the previous year[21] Cash Flow and Liquidity - The net cash flow from operating activities dropped significantly by 92.42% to ¥2,710,334.41 from ¥35,766,414.02 in the previous year[3] - Cash received from sales decreased by 29.85% to ¥111,464,850.56 from ¥158,886,213.56 year-on-year[6] - The company’s cash flow from operating activities decreased, indicating potential challenges in revenue generation[24] - Cash and cash equivalents at the end of the period amounted to 219,403,765.00, down from 685,672,771.95 at the beginning of the year[15] - The net cash flow from operating activities for the current period is CNY 2,710,334.41, a decrease of 92.4% compared to CNY 35,766,414.02 in the previous period[24] - The net increase in cash and cash equivalents is -CNY 438,990,587.67, contrasting with an increase of CNY 10,628,501.63 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,175,351,822.96, down 10.38% from ¥1,311,544,339.08 at the end of the previous year[3] - Total liabilities decreased to CNY 194,639,006.13 from CNY 340,037,717.57 year-over-year[19] - The company reported a significant reduction in accounts payable, which fell to CNY 39,912,887.05 from CNY 64,805,866.86[17] - The company’s accounts receivable decreased from 151,164,066.15 to 123,755,415.97 during the reporting period[15] Investments and Financing - The company made substantial investments in financial products, with cash outflow for investments increasing by 1150.00% to ¥550,000,000.00 from ¥44,000,000.00 previously[6] - Cash paid for investments is CNY 550,000,000.00, a substantial increase from CNY 44,000,000.00 in the previous period[24] - Cash paid for the purchase of fixed assets and other long-term assets is CNY 26,736,514.20, up from CNY 19,653,363.60 in the previous period[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,787[8] - The largest shareholder, Shenzhen Kaixin Investment Co., Ltd., holds 40.44% of the shares, totaling 38,750,000[8] - The total number of shares held by the top ten shareholders represents a significant portion of the company's equity, indicating concentrated ownership[8] Government Support and Other Factors - The company received government subsidies totaling ¥1,710,000.00, an increase of 70.90% compared to ¥1,000,590.49 in the previous year[6] - The impact of exchange rate fluctuations on cash was a negative 12,529.63, a significant decrease of 3027.96% compared to the previous period[7] - The company does not classify any non-recurring gains and losses as regular gains and losses[7] - The company has no plans to classify any non-recurring gains and losses as regular gains and losses[11] Research and Development - Research and development expenses for Q1 2022 were CNY 4,985,048.14, compared to CNY 4,710,978.20 in the same period last year, indicating a focus on innovation[18] Future Outlook - The company plans to enhance market expansion strategies and invest in new technologies to drive future growth[20]
凯旺科技(301182) - 2022 Q1 - 季度财报