COOLTECH POWER(300153)2023-04-17 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 230,173,154.80, representing a 22.34% increase compared to CNY 188,144,811.08 in the same period last year[3] - Net profit attributable to shareholders was CNY 4,692,802.47, a significant increase of 67.19% from CNY 2,806,844.43 year-on-year[3] - The basic earnings per share rose to CNY 0.0147, up 67.05% from CNY 0.0088 in the previous year[3] - Net profit for Q1 2022 was CNY 4,502,635.28, compared to CNY 2,290,091.89 in Q1 2021, representing a year-over-year increase of 96.5%[20] - The total comprehensive income attributable to the parent company for Q1 2022 was ¥4,029,439.49, up from ¥2,285,518.56 in the same period last year, reflecting an increase of 76.4%[21] - The basic and diluted earnings per share for Q1 2022 were both ¥0.0147, compared to ¥0.0088 in Q1 2021, representing a growth of 67.0%[21] Research and Development - Research and development expenses for the period amounted to CNY 982,260.00, reflecting a substantial increase of 213.60% compared to the same period last year[7] - R&D expenses increased significantly to CNY 9,822,572.84, compared to CNY 3,132,221.91 in the previous year, marking a growth of 213.5%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -59,797,255.65, a decline of 14.29% from CNY -52,322,850.03 year-on-year[3] - Cash inflows from operating activities totaled ¥230,353,769.19, down 7.9% from ¥250,183,303.69 in the previous year[23] - The net cash flow from operating activities was -¥59,797,255.65, compared to -¥52,322,850.03 in Q1 2021, indicating a decline in cash generation[23] - The company reported cash outflows from investing activities of ¥118,428,479.14, significantly higher than ¥19,453,603.11 in the previous year, leading to a net cash flow from investing activities of -¥74,593,020.67[24] - Cash inflows from financing activities were ¥49,258,793.76, a decrease of 63.7% from ¥135,480,403.65 in Q1 2021[24] - The net cash flow from financing activities was -¥25,302,078.66, contrasting with a positive net cash flow of ¥71,981,064.51 in the same period last year[24] - The ending cash and cash equivalents balance was ¥253,417,260.60, down from ¥413,273,145.92 at the beginning of the period, reflecting a decrease of 38.7%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,335,424,919.08, down 4.15% from CNY 1,393,215,428.44 at the end of the previous year[3] - Total assets decreased to CNY 1,335,424,919.08 from CNY 1,393,215,428.44, a decline of 4.1%[18] - Total liabilities decreased to CNY 562,036,301.55 from CNY 623,666,083.21, a reduction of 9.9%[18] - Cash and cash equivalents at the end of the period were CNY 253,627,704.20, down from CNY 414,484,886.60, a decrease of 38.7%[16] - Accounts receivable increased to CNY 375,591,527.73 from CNY 336,134,658.05, reflecting an increase of 11.7%[16] - Inventory at the end of the period was CNY 187,583,511.18, slightly up from CNY 183,781,813.67, an increase of 2.0%[16] Investment Activities - The company reported a net loss from investment activities of CNY -7,459,300.00, which is a decrease of CNY 5,513,950.00 compared to the same period last year[8] - The company reported a significant increase in investment income of CNY 391,241.35 compared to a loss of CNY 1,381,095.39 in the previous year[20] Equity and Returns - The weighted average return on equity increased to 0.62%, up from 0.37% in the previous year[3] - The total equity attributable to shareholders was CNY 763,973,815.65, a slight increase of 0.53% from CNY 759,944,376.16 at the end of the last year[3] Audit Information - The company did not conduct an audit for the Q1 2022 report[25]