Raycus(300747)2022-04-26 16:00Revenue and Profitability - The company's revenue for Q1 2022 was ¥701,270,661.31, representing a 20.13% increase compared to ¥583,753,306.50 in the same period last year[4] - Net profit attributable to shareholders was ¥20,903,707.46, a significant decrease of 81.01% from ¥110,101,983.98 year-over-year[4] - The company reported a net profit of CNY 26,042,647.50 for Q1 2022, a decrease of 81.3% from CNY 139,262,933.91 in Q1 2021[22] - The total comprehensive income attributable to the parent company was CNY 20,903,707.46, compared to CNY 110,101,983.98 in Q1 2021, reflecting a decrease of approximately 81.0%[23] - The net profit for Q1 2022 was CNY 21,425,963.77, a significant decrease from CNY 118,597,284.51 in the same period last year, representing a decline of approximately 81.9%[23] Cash Flow and Liquidity - The net cash flow from operating activities improved by 33.81%, amounting to -¥75,441,250.25 compared to -¥113,976,300.19 in the previous year[4] - The cash flow from operating activities showed a net outflow of CNY -75,441,250.25, an improvement from CNY -113,976,300.19 in the previous year[25] - The company incurred operating cash outflows totaling CNY 576,939,739.21, compared to CNY 435,967,122.64 in the previous year[25] - The cash flow from investing activities resulted in a net outflow of CNY -134,980,086.45, compared to CNY -77,250,466.75 in Q1 2021[25] - The financing activities generated a net cash inflow of CNY 91,806,408.12, an increase from CNY 79,760,750.00 in the same quarter last year[25] - The company received CNY 100,000,000.00 from borrowings, consistent with the previous year, indicating stable financing activities[25] Assets and Liabilities - Total assets increased by 9.75% to ¥5,326,689,962.32 from ¥4,853,696,970.33 at the end of the previous year[4] - Total liabilities increased to CNY 2,205,888,469.58, compared to CNY 1,766,179,096.36, representing a growth of 24.9%[19] - Cash and cash equivalents in current assets totaled CNY 3,963,815,109.49, an increase from CNY 3,704,918,698.41, indicating a growth of 7.0%[19] - The company's cash and cash equivalents at the end of the reporting period are 300,856,336.94 RMB, down from 454,511,432.13 RMB at the beginning of the year[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,869, with the top 10 shareholders holding a combined 66.59% of shares[11] - China Aerospace Sanjiang Group Co., Ltd. holds 33.68% of shares, amounting to 146,873,548 shares[11] - The top 10 shareholders include both domestic and foreign entities, with significant stakes held by natural persons and state-owned enterprises[11] - The total number of shares held by the top 10 shareholders reflects a concentration of ownership, which may impact corporate governance and decision-making[11] Research and Development - The company's R&D expenses surged by 139.30% to ¥69,865,015.80, up from ¥29,195,987.28, indicating a strong focus on innovation[9] - Research and development expenses increased significantly to CNY 69,865,015.80, compared to CNY 29,195,987.28 in Q1 2021, reflecting a growth of 139.5%[22] Inventory and Receivables - The company's inventory rose by 29.56% to ¥1,478,465,705.08, reflecting an expansion in business scale[9] - Accounts receivable increased to 927,731,681.56 RMB from 668,159,271.46 RMB, indicating a growth of approximately 38.8%[16] - Inventory at the end of the reporting period is 1,478,465,705.08 RMB, up from 1,141,184,312.00 RMB, reflecting a rise of about 29.6%[16] - The company reported a significant increase in prepayments, which rose to 83,404,998.17 RMB from 46,686,327.40 RMB, marking an increase of approximately 78.6%[16] Borrowings and Financial Obligations - Short-term borrowings increased by 83.19% to ¥220,000,000.00, primarily due to new bank loans[9] - Short-term borrowings increased to CNY 220,000,000.00 from CNY 120,096,388.89, a rise of 83.3%[19] - The company's deferred income tax liabilities decreased to CNY 52,196,129.97 from CNY 59,639,485.04, a decline of 12.3%[19] Other Income and Expenses - The company experienced a 66.14% drop in other income, totaling ¥3,210,347.66, compared to ¥9,480,258.30 in the previous year[10] - Total operating costs for Q1 2022 were CNY 670,445,555.72, up 50.8% from CNY 444,643,599.69 in the same period last year[22] - The company reported basic earnings per share of CNY 0.0484, down from CNY 0.2549 in the same quarter last year[24]