彤程新材(603650) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was RMB 571,978,588, a decrease of 0.42% compared to the same period last year[2] - Net profit attributable to shareholders was RMB 72,003,349, down 50.47% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 68,274,148, a decrease of 43.25% compared to the previous year[2] - Basic earnings per share were RMB 0.12, reflecting a decline of 52.00% year-on-year[3] - Total revenue for Q1 2022 was RMB 571,978,587.97, a slight decrease of 0.07% compared to RMB 574,381,222.01 in Q1 2021[16] - Net profit for Q1 2022 was CNY 68,620,504.79, a decrease of 53.5% compared to CNY 147,487,810.63 in Q1 2021[18] - Operating profit for Q1 2022 was CNY 76,871,616.88, down 55.6% from CNY 173,293,533.36 in Q1 2021[18] - Total comprehensive income for Q1 2022 was CNY 68,925,496.81, a decrease of 48.9% from CNY 135,091,737.45 in Q1 2021[19] - Basic and diluted earnings per share for Q1 2022 were CNY 0.12, down from CNY 0.25 in Q1 2021[19] Cash Flow and Assets - The company reported a net cash flow from operating activities of RMB 59,553,770, an increase of 8.82% compared to the same period last year[2] - Cash flow from operating activities netted CNY 59,553,770.44, an increase of 8.5% compared to CNY 54,727,027.19 in Q1 2021[21] - Cash inflow from investment activities was CNY 208,152,842.46, significantly higher than CNY 7,636,786.16 in Q1 2021[21] - Cash outflow from financing activities totaled CNY 482,911,806.43, compared to CNY 167,464,790.22 in Q1 2021[21] - Cash and cash equivalents as of March 31, 2022, were RMB 661,724,852.82, an increase of 30% from RMB 509,561,326.92 at the end of 2021[13] - The ending balance of cash and cash equivalents is 612,121,101.65, down from 942,729,918.76[22] Assets and Liabilities - Total assets at the end of the reporting period were RMB 6,306,466,146, an increase of 5.43% from the end of the previous year[3] - Total assets increased to RMB 6,306,466,145.73 as of March 31, 2022, compared to RMB 5,981,787,235.85 at the end of 2021[14] - Total liabilities amounted to RMB 3,386,854,997.35, an increase from RMB 3,138,387,910.65 at the end of 2021[15] - The company's equity attributable to shareholders was RMB 2,862,696,928.41, up from RMB 2,783,102,261.39 at the end of 2021[15] - Accounts receivable rose to RMB 635,226,934.69, up 14.7% from RMB 553,661,356.67 at the end of 2021[13] - Long-term borrowings increased to RMB 520,220,105.87 from RMB 368,620,750.00 at the end of 2021, reflecting increased leverage[14] - The company reported a decrease in inventory to RMB 240,286,021.10 from RMB 214,515,345.71 at the end of 2021, indicating improved inventory management[13] Operational Challenges - The company faced challenges due to raw material price fluctuations and logistics disruptions, impacting transportation costs[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,337[8] Research and Development - Research and development expenses increased to CNY 33,801,553.21, up 37.4% from CNY 24,597,815.07 in Q1 2021[18] Accounting and Reporting - The company has adopted new accounting standards starting from 2022, affecting the financial statements[22] - The financial report does not apply to the first-time execution of new accounting standards[22] - The report is issued by the board of directors of Tongcheng New Materials Group Co., Ltd. on April 28, 2022[22] - The report includes a summary of the company's performance for the first quarter of 2022[22] - The document is the final report for the first quarter of 2022[22] - The report is structured to provide insights into the company's financial health and operational performance[22] - The company is focused on transparency and compliance with accounting regulations[22] - The report is part of the company's commitment to keeping stakeholders informed about its financial status[22]