SEC(603988)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥193,802,831.21, representing a year-on-year increase of 36.47%[6] - The net profit attributable to shareholders decreased by 75.44% to ¥13,423,371.45 compared to the same period last year[6] - The basic earnings per share (EPS) was ¥0.06, down 73.91% year-on-year[6] - The total profit decreased by 69.76% primarily due to a reduction in the fair value change income from equity investments compared to the previous year[8] - Net profit for Q1 2022 was CNY 13,423,371.45, a decrease of 75.7% from CNY 54,646,892.08 in Q1 2021[19] - Earnings per share for Q1 2022 was CNY 0.06, down from CNY 0.23 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was negative at -¥56,937,654.78, a decrease of 834.34% compared to the previous year[6] - Cash inflow from operating activities in Q1 2022 was 96,957,325.15 in Q1 2021[21] - Net cash outflow from operating activities in Q1 2022 was -6,093,861.45 in Q1 2021[21] - Total cash outflow for operating activities in Q1 2022 was 103,051,186.60 in Q1 2021, indicating increased operational expenses[21] - Cash received from other operating activities in Q1 2022 was 1,969,563.30 in Q1 2021[21] - Cash paid for employee compensation in Q1 2022 was 36,002,787.08 in Q1 2021, reflecting higher payroll expenses[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,168,338,735.60, down 3.25% from the end of the previous year[7] - Total liabilities decreased to CNY 563,235,478.31 in Q1 2022 from CNY 615,909,635.12 in Q1 2021, a reduction of 8.5%[17] - Total equity increased to CNY 605,103,257.29 in Q1 2022 from CNY 591,734,065.77 in Q1 2021, an increase of 2.2%[17] - The company reported a total asset value of RMB 1,168,338,735.60 as of March 31, 2022, down from RMB 1,207,643,700.89 at the end of 2021, a decrease of approximately 3.2%[15] Research and Development - Research and development expenses decreased by 35.17% compared to the same period last year[8] - Research and development expenses for Q1 2022 were CNY 2,886,461.38, down 35.3% from CNY 4,452,665.06 in Q1 2021[17] - The company has not disclosed any new product or technology developments in this reporting period[12] Shareholder Information - Total number of common stock shareholders at the end of the reporting period was 21,703[10] - The top three shareholders hold a combined 60.42% of the shares, with Ningbo JunTuo Enterprise Management Co., Ltd. holding 23.47%, Wang Jianyu 21.50%, and Wang Jiankai 15.45%[10] Investment Activities - Investment income increased significantly by 864.71% due to the redemption of investment products and interest settlement[8] - Cash inflow from investment activities in Q1 2022 was 6,074,680.43 in Q1 2021, marking a substantial increase[22] - Net cash flow from investment activities in Q1 2022 was 8,925,319.57 in Q1 2021[22] Other Information - The company terminated the planned acquisition of Tianjin Beiqing Electric Power Smart Energy Co., Ltd. on February 25, 2022, after the board's approval[12] - There were no significant mergers or market expansions reported during this quarter[12] - The company did not report any net profit from subsidiaries under common control for the current or previous period[20] - The company did not report any cash inflow from financing activities in Q1 2022[22]