润农节水(830964) - 2022 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2022 was CNY 75,738,200.93, representing a year-on-year increase of 7.66%[15] - Net profit attributable to shareholders for Q1 2022 was CNY 10,196,688.47, a decrease of 2.02% compared to the same period last year[15] - The net profit after deducting non-recurring gains and losses decreased by 36.07% year-on-year, amounting to CNY 6,445,802.62[15] - Total operating revenue for Q1 2022 was ¥75,738,200.93, an increase of 7.3% compared to ¥70,351,131.60 in Q1 2021[40] - Net profit for Q1 2022 was ¥10,196,688.47, a slight decrease of 2.0% from ¥10,406,859.56 in Q1 2021[41] - Total profit for Q1 2022 was ¥11,467,892.02, down 10.7% from ¥12,846,487.12 in the previous year[40] Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2022 was CNY -59,189,280.64, a decrease of CNY 31,952,000 compared to the same period last year[17] - Operating cash flow for Q1 2022 was negative at -59,189,280.64 CNY, compared to -27,232,083.56 CNY in Q1 2021, indicating a decline in operational efficiency[45] - Cash and cash equivalents at the end of Q1 2022 stood at 85,706,589.82 CNY, down from 110,435,637.98 CNY at the end of Q1 2021, indicating a liquidity contraction[46] - The company reported a net cash outflow of -10,855,327.06 CNY in Q1 2022, compared to -48,140,638.99 CNY in Q1 2021, suggesting an improvement in cash management[46] - Total cash outflow from operating activities in Q1 2022 was 164,527,908.90 CNY, up from 153,290,600.80 CNY in Q1 2021, indicating increased operational costs[45] Assets and Liabilities - Total assets as of March 31, 2022, were CNY 1,002,971,882.21, a decrease of 2.39% compared to the end of the previous year[15] - The company's asset-liability ratio (consolidated) improved to 15.20% from 18.23% year-on-year[15] - Total assets decreased from CNY 1,027,562,381.05 to CNY 1,002,971,882.21, a decline of approximately 2.5%[34] - Current liabilities decreased from CNY 160,297,422.61 to CNY 125,560,148.42, a reduction of about 21.7%[34] - Total liabilities decreased from CNY 187,279,718.17 to CNY 152,492,530.86, a reduction of about 18.6%[34] - Shareholders' equity increased from CNY 840,282,662.88 to CNY 850,479,351.35, an increase of approximately 1.4%[34] Shareholder Information - The number of shareholders holding more than 5% of shares increased, with the controlling shareholder's stake rising to 9.10%[21] - The company reported a total shareholding of 154,838,600 shares, representing 59.28% of total shares held by the top ten shareholders[24] - Xue Baosong holds 33.30% of the shares, amounting to 86,970,163 shares, making him the largest shareholder[24] Operational Challenges - The company faced challenges due to COVID-19, impacting sales and project execution, particularly in key regions like Inner Mongolia and Hebei[17] Non-Recurring Items - Non-recurring gains and losses for the period totaled CNY 4,412,785.28, with a net amount after tax of CNY 3,750,885.85[19] - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[30] Other Financial Metrics - Research and development expenses increased to ¥2,839,838.91, up 29.7% from ¥2,188,349.53 year-over-year[40] - The company reported a credit impairment loss of ¥2,763,664.34, down 42.0% from ¥4,753,527.57 in Q1 2021[40] - Basic and diluted earnings per share remained stable at ¥0.04 for both Q1 2022 and Q1 2021[44] - Operating profit for Q1 2022 was ¥11,432,006.39, a decrease of 10.9% compared to ¥12,837,151.41 in Q1 2021[40] - The company’s other income increased significantly to ¥4,260,070.96 from ¥371,983.45 in Q1 2021[40]