Dareway(SH:688579)2024-04-12 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥32,156,606.47, representing a decrease of 4.43% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥8,360,376.19, with a net profit excluding non-recurring gains and losses at a loss of ¥12,368,623.77[5] - The company reported a net loss for Q1 2022, with total costs exceeding total revenue, indicating a challenging financial environment[21] - In Q1 2022, the company reported a net loss of CNY 8,360,376.19, compared to a net loss of CNY 7,030,375.12 in Q1 2021, representing an increase in loss of approximately 18.9% year-over-year[22] - Operating profit for Q1 2022 was CNY -9,269,724.96, compared to CNY -8,502,813.46 in the same period last year, indicating a decline in operational performance[22] - The total comprehensive income for Q1 2022 was CNY -8,360,376.19, compared to CNY -7,030,375.12 in Q1 2021, reflecting a decline in overall financial health[23] - The basic and diluted earnings per share for Q1 2022 were both CNY -0.0209, compared to CNY -0.0176 in Q1 2021, indicating a worsening in per-share performance[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥51,137,101.07, indicating a significant cash outflow[6] - The net cash flow from operating activities for Q1 2022 was CNY -51,137,101.07, worsening from CNY -36,895,790.74 in Q1 2021[25] - The company’s cash and cash equivalents at the end of Q1 2022 stood at CNY 394,337,394.10, down from CNY 512,859,758.89 at the end of Q1 2021, a decrease of about 23.1%[26] - The company reported a net cash outflow from investing activities of CNY -36,909,166.73 in Q1 2022, a significant decrease from a net inflow of CNY 452,713,307.62 in Q1 2021[25] Expenses and Costs - Total operating costs for Q1 2022 were CNY 56,820,461.02, an increase of 11.93% from CNY 50,779,677.36 in Q1 2021[21] - Research and development expenses totaled ¥31,383,144.79, accounting for 97.59% of operating revenue, an increase of 16.82 percentage points year-on-year[6] - Research and development expenses increased to CNY 26,826,714.21 in Q1 2022, up from CNY 22,421,076.07 in Q1 2021, marking a growth of approximately 19.7%[22] - Management expenses rose by 36.99% primarily due to increased depreciation from the activation of the smart software industrial park[11] - The company incurred financial expenses of CNY -2,039,281.92 in Q1 2022, compared to CNY -502,949.68 in Q1 2021, indicating a significant increase in financial costs[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,660,267,582.07, down 3.54% from the end of the previous year[6] - Total assets as of March 31, 2022, were CNY 1,660,267,582.07, down from CNY 1,721,172,342.90 at the end of 2021, a decrease of 3.54%[19] - Total liabilities decreased to CNY 392,151,860.95 from CNY 448,035,470.59, a decline of 12.5%[19] - The company's equity attributable to shareholders was CNY 1,268,115,721.12, slightly down from CNY 1,273,136,872.31, a decrease of 0.39%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,713[12] Government Support - The company received government subsidies amounting to ¥4,328,678.50, which were included in the current period's profit and loss[9] Business Operations - The company reported a significant increase in prepayments by 137.74% and inventory by 203.50% due to increased business procurement and unaccepted hardware projects[10] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[20]