Financial Performance - The company's revenue for Q1 2022 was ¥59,800,994.24, representing a 74.42% increase compared to ¥34,284,874.83 in the same period last year[4] - The net profit attributable to shareholders was -¥2,698,444.32, an improvement of 57.70% from -¥6,378,878.60 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 59,800,994.24, an increase of 74.6% compared to CNY 34,284,874.83 in the same period last year[23] - Operating profit for Q1 2022 was a loss of CNY 3,797,212.84, an improvement from a loss of CNY 6,774,277.61 in Q1 2021[24] - Net profit for Q1 2022 was a loss of CNY 2,778,827.25, compared to a loss of CNY 6,768,302.66 in the same period last year[24] - The net profit for Q1 2022 was -2,778,827.25 CNY, an improvement from -6,811,845.22 CNY in Q1 2021, indicating a reduction in losses by approximately 59%[25] - The net profit attributable to the parent company was -2,698,444.32 CNY, compared to -6,378,878.60 CNY in the same period last year, reflecting a 58.7% decrease in losses[25] - The basic and diluted earnings per share for Q1 2022 were both -0.04 CNY, an improvement from -0.11 CNY in Q1 2021[25] Cash Flow and Assets - The net cash flow from operating activities was -¥52,700,606.98, a decline of 58.94% compared to -¥33,157,200.08 in the previous year[4] - Cash inflows from operating activities totaled 118,546,813.26 CNY, up from 115,068,397.90 CNY in the previous year, representing a 2.15% increase[27] - The net cash flow from operating activities was -52,700,606.98 CNY, worsening from -33,157,200.08 CNY in Q1 2021[27] - The net cash flow from investing activities was 13,505,088.69 CNY, a significant improvement from -7,366,874.04 CNY in the same period last year[28] - The net cash flow from financing activities was 545,680,444.01 CNY, with cash inflows from investment totaling 570,225,783.04 CNY[28] - The total cash and cash equivalents at the end of the period reached 613,542,621.56 CNY, a substantial increase from 43,008,148.93 CNY at the end of Q1 2021[28] - The company reported a significant increase in cash and cash equivalents, reaching ¥627,167,502.98, up 435.19% from ¥117,185,197.23[7] Assets and Equity - Total assets increased by 61.58% to ¥1,179,374,355.93 from ¥729,883,124.69 at the end of the previous year[4] - Total assets as of March 31, 2022, were CNY 1,179,374,355.93, up from CNY 729,883,124.69 at the beginning of the year, reflecting a growth of 61.5%[21] - Total liabilities decreased to CNY 294,605,845.39 from CNY 385,449,772.42, a reduction of 23.6%[21] - Total equity increased to CNY 884,768,510.54 from CNY 344,433,352.27, marking a growth of 156.1%[21] - The equity attributable to shareholders rose by 160.07% to ¥878,030,040.68 from ¥337,614,499.48 at the end of the previous year[4] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Hangzhou Huashi Intelligent Equipment Co., Ltd., with a registered capital of RMB 30 million, focusing on IoT and security equipment manufacturing[16] - The company invested RMB 4.25 million to establish a controlling subsidiary, Hangzhou Huashi Hangyu Ship Technology Development Co., Ltd., holding 85% of its registered capital[16] - The company has seen a substantial increase in its capital reserve due to its initial public offering, which raised the capital reserve to ¥607,504,443.12, a 628.45% increase[7] Shareholder Information - The company’s major shareholders include Yu Yongfang, Ye Jianbiao, and Zhang Zhongcan, who signed a concerted action agreement valid for 36 months post-IPO[11] - The company’s major shareholders hold significant stakes, with Yu Yongfang holding 13.188 million shares, Ye Jianbiao holding 12.74 million shares, and Zhang Zhongcan holding 8.89 million shares[13] - The company has a total of 57.02 million restricted shares, all of which are subject to lock-up until March 2023[14] Governance and Business Operations - The company’s board and supervisory board were re-elected on February 25, 2022, ensuring continuity in governance[16] - The company’s business scope includes manufacturing IoT devices, security equipment, and industrial robots, among other technology services[16] - The company plans to continue expanding its business, which has been a key driver of revenue growth[8] Other Financial Metrics - Research and development expenses for Q1 2022 were CNY 6,840,045.61, an increase of 20.5% compared to CNY 5,674,811.48 in Q1 2021[24] - The company reported a credit impairment loss of CNY 4,298,777.32, significantly higher than CNY 1,612,927.73 in the previous year[24] - The company received government subsidies amounting to ¥644,161.65 during the quarter, contributing to its financial performance[6] Stock Market Information - The company’s stock was listed on the Shenzhen Stock Exchange on March 7, 2022, under the name "Huashi Technology" and stock code "301218"[15] - The company was approved to publicly issue 19.006667 million shares at a price of RMB 33.18 per share, raising approximately RMB 630 million[15] Audit Status - The report for Q1 2022 was not audited[29]
华是科技(301218) - 2022 Q1 - 季度财报