宁波富达(600724) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥736,115,280.67, representing a year-on-year increase of 74.95%[6] - The net profit attributable to shareholders was ¥72,839,317.05, showing a decrease of 11.37% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,853,440.31, down by 7.63% year-on-year[6] - The basic earnings per share were ¥0.0504, which is a decrease of 11.42% year-on-year[6] - The weighted average return on equity was 2.4024%, down by 0.3425 percentage points from the previous year[6] - Total operating revenue for the first quarter of 2022 was approximately $736.12 million, compared to$420.76 million in the same period last year, representing an increase of 75.00%[41] - Net profit for the first quarter was approximately $80.90 million, down from$86.90 million, indicating a decrease of 6.00% compared to the previous year[43] - The net profit attributable to shareholders of the parent company was approximately $72.84 million, compared to$82.18 million in the same period last year, representing a decrease of 11.00%[43] Cash Flow - The net cash flow from operating activities was negative at -¥68,847,876.75, indicating a significant cash outflow[6] - Cash flow from operating activities showed a net outflow of approximately $68.85 million, contrasting with a net inflow of$83.84 million in the first quarter of 2021[48] - The company reported cash inflows from investment activities totaling approximately $513.08 million, significantly higher than the previous year's$60.97 million[48] - Net cash flow from investing activities was $481,615,867.32, compared to a negative cash flow of$1,020,755,174.52 in the previous period[50] - Cash flow from financing activities generated a net amount of $18,065,851.08, an increase from$10,171,087.76 in the prior period[50] - The net increase in cash and cash equivalents was $430,833,841.65, contrasting with a decrease of$926,747,338.21 in the previous period[50] - The ending balance of cash and cash equivalents reached $1,378,844,190.51, up from$611,027,613.06 in the prior period[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,382,521,352.15, an increase of 2.16% from the end of the previous year[9] - The total current assets reached approximately RMB 2.28 billion as of March 31, 2022, compared to RMB 2.19 billion at the end of 2021, indicating a year-over-year increase of about 4%[32] - The total liabilities as of March 31, 2022, were approximately RMB 703.81 million, slightly up from RMB 692.04 million at the end of 2021, reflecting an increase of about 1.1%[37] - The company's total equity increased to approximately RMB 3.68 billion as of March 31, 2022, compared to RMB 3.60 billion at the end of 2021, marking a growth of about 2.2%[37] - The company's accounts receivable increased to approximately RMB 310.41 million as of March 31, 2022, up from RMB 196.66 million at the end of 2021, indicating a growth of about 57.7%[32] Investments and Projects - The company provided a shareholder loan of CNY 250 million to the newly established subsidiary, with a maximum loan limit of CNY 300 million[22] - The newly established subsidiary, Fuda Jintuoling New Energy Co., Ltd., achieved revenue of CNY 395 million and a net profit of CNY 8 million in Q1 2022[23] - The construction progress of the Hami Jinyun 300,000 tons/year coal tar deep processing project reached an investment of CNY 53.61 million, accounting for 57% of the planned investment of CNY 94 million, with production expected in July 2022[23] - The company completed an investment of CNY 170.18 million for the relocation project of the Yuyiao plant, which is 65.9% of the planned investment[26] - The Tianyi Plaza upgrade project has completed investments of CNY 55.65 million, with all upgrade projects finished as of March 2022[27] Financial Strategy - The company has decided to stop purchasing structured deposit products since May 8, 2021, focusing instead on fixed-income deposit products to maximize liquidity and returns[31] - The company redeemed structured deposits totaling RMB 50 million during the reporting period, with an actual annualized return of 3.81% on one of the products[28] - The balance of fixed-income deposit products remained stable at RMB 1.16 billion as of April 20, 2022, unchanged from March 31, 2022[31] - The company did not apply the new accounting standards for the financial statements at the beginning of the year[50]