SK(688155)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥291,198,964.04, representing a year-on-year increase of 92.76%[5]. - The net profit attributable to shareholders was ¥20,653,070.93, reflecting a growth of 19.82% compared to the same period last year[5]. - The net profit after deducting non-recurring gains and losses decreased by 32.54% to ¥8,489,331.41, primarily due to increased expenses from rapid business expansion[5][9]. - Total operating revenue for Q1 2022 reached ¥291,198,964.04, a significant increase of 92.8% compared to ¥151,070,137.99 in Q1 2021[21]. - Net profit for Q1 2022 was ¥19,463,703.04, representing a 13.6% increase from ¥17,133,143.27 in Q1 2021[22]. - The company reported a total comprehensive income of ¥18,359,118.31 for Q1 2022, compared to ¥16,766,631.65 in Q1 2021, an increase of 9.5%[22]. Research and Development - The total R&D investment reached ¥38,808,047.09, which is an increase of 154.09% year-on-year, accounting for 13.33% of operating revenue[6][9]. - Research and development expenses for Q1 2022 were ¥38,808,047.09, significantly higher than ¥15,273,067.80 in Q1 2021, reflecting a 154.1% increase[21]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,338,491,736.13, up 11.41% from the end of the previous year[6]. - Total assets increased to ¥2,338,491,736.13 in Q1 2022, up from ¥2,099,051,289.90 in Q1 2021, reflecting a growth of 11.4%[19]. - Total liabilities rose to ¥1,110,277,503.76 in Q1 2022, compared to ¥892,085,082.32 in Q1 2021, marking a 24.5% increase[19]. - Non-current assets totaled ¥371,219,817.70 in Q1 2022, an increase from ¥320,550,966.97 in Q1 2021, indicating a growth of 15.7%[19]. Cash Flow - The net cash flow from operating activities was negative at -¥82,553,992.87, attributed to increased costs and expenses due to business scale expansion[5][9]. - In Q1 2022, the cash inflow from operating activities was $323,555,248.91, a significant increase from $155,321,694.08 in Q1 2021, representing a growth of approximately 108.3%[25]. - The net cash flow from operating activities was -$82,553,992.87 in Q1 2022, compared to -$3,863,068.52 in Q1 2021, indicating a decline in operational cash generation[25]. - Cash inflow from investment activities totaled $482,108,495.89 in Q1 2022, slightly down from $506,457,544.93 in Q1 2021, a decrease of about 4.8%[26]. - The net cash flow from investment activities was $173,434,115.02 in Q1 2022, down from $419,063,461.11 in Q1 2021, reflecting a decrease of approximately 58.7%[26]. - The net increase in cash and cash equivalents was $236,813,664.17 in Q1 2022, down from $410,901,067.34 in Q1 2021, indicating a decrease of about 42.3%[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 3,672[10]. - The top shareholder, Wang Yinglin, holds 25.50% of the shares, totaling 19,374,117 shares[10]. Stock Incentive Plans - The company approved a stock incentive plan, granting 19.14 million restricted shares at a price of RMB 71.54 per share to 34 participants[14]. - A second stock incentive plan was approved, granting 87.04 million restricted shares at RMB 108 per share to 147 participants[14]. Inventory and Receivables - The company's inventory stood at RMB 396,300,554.18, up from RMB 332,966,864.73 at the end of 2021, reflecting a rise of approximately 19%[17]. - The accounts receivable decreased to RMB 88,888,792.34 from RMB 112,673,774.07, showing a decline of about 21.2%[17]. Contract Assets - The company reported a significant increase in contract assets, totaling RMB 714,523,379.56, compared to RMB 604,751,334.94 at the end of 2021, marking an increase of approximately 18.2%[17]. Future Plans - The company plans to acquire 51% equity in a target company through a cash transaction, which is currently in the preliminary planning stage[14]. - The company is in the process of planning a major asset restructuring, which will require necessary decision-making and approval procedures[15].