Ultrapower(300002)2022-04-27 16:00Financial Performance - Revenue for the first quarter of 2022 was 990.52 million yuan, a 4.45% increase compared to the same period last year[3] - Net profit attributable to shareholders of the listed company was 63.08 million yuan, a decrease of 18.24% year-on-year[3] - Net profit for the first quarter of 2022 was 54,070,418.24 yuan, down from 75,169,958.90 yuan in the same period last year, a decrease of 28.07%[19] - Operating profit for the first quarter of 2022 was 68,072,085.53 yuan, down from 104,179,241.64 yuan in the same period last year, a decrease of 34.66%[19] - Net profit attributable to parent company owners was RMB 63.08 million, a decrease of 18.2% compared to RMB 77.15 million in the same period last year[20] - Total comprehensive income was RMB 56.61 million, down 30.7% from RMB 81.70 million in the previous year[20] - Basic earnings per share were RMB 0.0322, a decrease of 19.3% from RMB 0.0399 in the prior year[20] - Revenue from sales of goods and services was RMB 1.03 billion, representing a 29.6% increase compared to RMB 798.18 million in the same period last year[22] - Total revenue for the first quarter of 2022 was 990,515,773.19 yuan, compared to 948,327,611.76 yuan in the same period last year, representing a year-over-year increase of 4.45%[17] Cash Flow and Liquidity - Net cash flow from operating activities surged by 333.98% to 342.90 million yuan[3] - Cash flow from operating activities increased significantly to RMB 342.90 million, up 334.0% from RMB 79.01 million in the same period last year[22] - Cash flow from investing activities improved to RMB 43.53 million, compared to a negative RMB 84.22 million in the previous year[23] - Cash flow from financing activities was RMB 78.59 million, a substantial improvement from a negative RMB 2.02 million in the prior year[23] - Total cash and cash equivalents at the end of the period were RMB 1.29 billion, an increase of 55.3% from RMB 827.26 million at the beginning of the period[23] - Cash received from the disposal of fixed assets increased by 1,777.37% to 241,336.11 yuan[8] - Cash received from other operating activities decreased to RMB 25.48 million, down 51.1% from RMB 52.07 million in the previous year[22] - The company's cash and cash equivalents were negatively impacted by exchange rate fluctuations, resulting in a 259.92% decrease[8] Assets and Liabilities - Total assets increased by 4.20% to 5.47 billion yuan compared to the end of the previous year[3] - Total assets as of the end of the first quarter of 2022 were 5,468,749,639.91 yuan, up from 5,248,070,407.07 yuan at the beginning of the year, an increase of 4.21%[16] - Total liabilities as of the end of the first quarter of 2022 were 1,042,470,250.27 yuan, up from 914,635,205.70 yuan at the beginning of the year, an increase of 13.98%[17] - Accounts receivable as of the end of the first quarter of 2022 were 513,019,309.67 yuan, down from 747,155,154.40 yuan at the beginning of the year, a decrease of 31.34%[15] - Inventory as of the end of the first quarter of 2022 was 210,249,245.95 yuan, up from 154,771,945.17 yuan at the beginning of the year, an increase of 35.84%[15] - Short-term borrowings rose by 60.09% to 220.05 million yuan due to increased bank loans[8] - Short-term borrowings as of the end of the first quarter of 2022 were 220,052,775.45 yuan, up from 137,451,942.11 yuan at the beginning of the year, an increase of 60.10%[16] - Total equity attributable to the parent company as of the end of the first quarter of 2022 was 4,426,330,589.14 yuan, up from 4,326,427,075.61 yuan at the beginning of the year, an increase of 2.31%[17] Shareholder Information - The company's largest shareholder, Li Li, holds 8.78% of the shares, totaling 172,191,092 shares, with 129,143,319 shares under lock-up[10] - The company's second-largest shareholder, An Mei, holds 3.80% of the shares, totaling 74,613,952 shares, all of which are under lock-up[10] - The company's third-largest shareholder, Wang Ning, holds 3.66% of the shares, totaling 71,789,644 shares, all of which are under lock-up[10] - The company's shareholder, Du Zhijun, holds 0.89% of the shares, totaling 17,393,306 shares, with no shares under lock-up[10] - The company's shareholder, Zheng Zhen, holds 0.82% of the shares, totaling 16,047,867 shares, with no shares under lock-up[10] - The company's shareholder, Liu Zonghui, holds 0.78% of the shares, totaling 15,327,928 shares, with no shares under lock-up[10] - The company's shareholder, Jiang Li, holds 15,300,000 shares, all of which are held through a margin trading account[11] - The company's shareholder, Shanghai Panyao Asset Management, holds 15,200,000 shares, all of which are held through a margin trading account[11] - The company's total restricted shares at the end of the period amounted to 288,604,944 shares, a decrease of 4,067,184 shares from the beginning of the period[12] Research and Development - R&D expenditure increased by 63.91% to 28.63 million yuan due to the addition of new research projects[7] - Research and development expenses for the first quarter of 2022 were 67,637,819.63 yuan, up from 56,679,568.39 yuan in the same period last year, an increase of 19.33%[19] Investments and Partnerships - The company invested an additional RMB 49.5 million in a partnership with Qianhai Zhongchuang Capital Management, increasing its total investment to RMB 123.75 million, representing a 99.00% stake[14] Taxation - Income tax expenses decreased by 47.71% to 15.39 million yuan, benefiting from preferential tax rates[8] Minority Shareholders - The company's minority shareholders' equity decreased by 100.73% due to losses in non-wholly owned subsidiaries[8] Audit Status - The company's first quarter report was not audited[24]