Revenue and Profit - Revenue for Q1 2022 was RMB 260.63 million, a decrease of 11.23% compared to RMB 293.62 million in Q1 2021[8] - Net profit attributable to shareholders was a loss of RMB 4.03 million, down 119.85% from a profit of RMB 20.32 million in the same period last year[8] - The company reported total operating revenue of RMB 260,633,969.48 for the first quarter of 2022, down 11.2% from RMB 293,620,056.63 in the same period of 2021[25] - Operating profit for Q1 2022 was a loss of RMB 5,040,952.62, contrasting with a profit of RMB 20,697,946.93 in Q1 2021[25] - The net profit attributable to the parent company for Q1 2022 was a loss of RMB 4,032,392.53, compared to a profit of RMB 20,318,879.58 in Q1 2021[27] - Basic and diluted earnings per share for Q1 2022 were both -0.0051, a decline from 0.0257 in Q1 2021[27] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 72.54% to RMB 6.51 million, compared to RMB 23.71 million in Q1 2021[11] - Operating cash flow for Q1 2022 was RMB 6,511,908.60, a decrease of 72.5% compared to RMB 23,714,285.28 in Q1 2021[31] - Cash inflow from operating activities totaled RMB 185,606,864.38, down 6.4% from RMB 199,396,620.14 in the same period last year[31] - Total cash and cash equivalents at the end of Q1 2022 were RMB 117,193,602.52, down 23.9% from RMB 154,063,124.67 at the end of Q1 2021[31] - The company experienced a net decrease in cash and cash equivalents of RMB 25,419,655.31 in Q1 2022, contrasting with an increase of RMB 9,012,906.18 in Q1 2021[31] Assets and Liabilities - Total assets as of March 31, 2022, were RMB 2.10 billion, an increase of 1.20% from RMB 2.08 billion at the end of 2021[8] - Total liabilities as of March 31, 2022, were RMB 750,240,032.88, compared to RMB 720,624,684.62 as of December 31, 2021, indicating an increase of about 4.1%[23] - Total assets as of March 31, 2022, were RMB 2,100,430,539.23, up from RMB 2,075,458,857.18 as of December 31, 2021, reflecting an increase of approximately 1.2%[23] - As of March 31, 2022, total current assets amounted to RMB 1,137,091,558.60, an increase from RMB 1,100,647,643.42 as of December 31, 2021, representing a growth of approximately 3.3%[21] Shareholder Information - The top shareholder, Zhejiang Shibao Holding Group Co., Ltd., holds 43.28% of the shares, totaling 341,786,098 shares[15] Operational Performance - The gross profit margin declined due to poor performance in the automotive industry, particularly in commercial vehicle production and sales[11] - The decline in sales revenue was primarily due to increased procurement costs and reduced cash inflow from sales[11] - Research and development expenses for Q1 2022 were RMB 20,325,622.00, an increase from RMB 18,243,270.89 in Q1 2021, indicating a growth of approximately 11.4%[25] - The company’s inventory increased to RMB 348,892,554.22 as of March 31, 2022, compared to RMB 329,151,211.94 as of December 31, 2021, representing a rise of about 6.0%[21] Investment Activities - Cash outflow from investment activities was RMB 49,495,394.35, a significant decrease of 36.9% compared to RMB 78,300,204.08 in Q1 2021[31] - Cash received from investment recovery was RMB 20,000,000.00, down 60% from RMB 50,000,000.00 in Q1 2021, indicating reduced investment returns[31] - The net cash flow from investment activities was -RMB 20,510,295.03, worsening from -RMB 13,302,930.49 in the previous year[31] Other Information - The company has no other significant matters to report during the reporting period[18] - The company reported a significant increase in non-recurring losses, with a total of RMB 11.89 million attributed to non-recurring items[11] - The weighted average return on net assets was -0.29%, down from 1.50% in the previous year[8] - Cash outflow for purchasing goods and services was RMB 91,090,384.81, an increase of 21.5% from RMB 74,973,370.35 in Q1 2021[31] - Net cash flow from financing activities was -RMB 11,259,255.91, compared to -RMB 1,188,419.27 in Q1 2021, indicating increased financing pressure[31] - Cash inflow from financing activities increased to RMB 60,000,000.00 in Q1 2022, compared to RMB 15,000,000.00 in Q1 2021, reflecting a stronger borrowing position[31]
浙江世宝(01057) - 2022 Q1 - 季度财报