利通科技(832225) - 2022 Q1 - 季度财报

Financial Performance - The company's net profit for Q1 2022 increased by 62.19% year-on-year, primarily due to government subsidies received from the listing on the Beijing Stock Exchange and a significant rise in sales of high-value-added industrial pipe products, which improved the gross profit margin from 20.48% in Q4 2021 to 31.93%[17]. - Revenue for Q1 2022 reached ¥81,725,379.07, representing an 8.49% increase compared to ¥75,329,005.31 in the same period last year[15]. - Basic earnings per share rose by 30.33% to ¥0.22, driven by the increase in net profit[18]. - The net profit for the first quarter of 2022 reached CNY 18,669,369.30, up from CNY 10,835,406.09 in the same quarter of 2021, reflecting a growth of approximately 72.5%[43]. - The total profit for the first quarter of 2022 was CNY 22,128,717.93, compared to CNY 12,689,093.16 in the first quarter of 2021, marking an increase of about 74.5%[43]. - The basic and diluted earnings per share for the first quarter of 2022 were both CNY 0.22, compared to CNY 0.17 in the same period of 2021, indicating an increase of approximately 29.4%[41]. - The company reported other comprehensive income after tax of CNY 464,376.75 for the first quarter of 2022, compared to CNY 136,398.36 in the same quarter of 2021, representing a significant increase[41]. - The total comprehensive income for the first quarter of 2022 was CNY 18,669,369.30, up from CNY 10,835,406.09 in the first quarter of 2021, reflecting an increase of approximately 72.5%[43]. Cash Flow - Operating cash flow for the period increased by 379.11% year-on-year, attributed to a substantial rise in exports of industrial pipe products and increased cash receipts from sales due to cash settlement in export transactions[17]. - Net cash flow from operating activities increased to CNY 18,530,249.16 from CNY 3,867,652.59, a significant rise of about 379.5%[46]. - Cash inflow from sales of goods and services was CNY 56,960,918.13, compared to CNY 42,476,902.70, reflecting an increase of about 34.2%[46]. - Cash received from other operating activities was CNY 8,595,192.39, significantly higher than CNY 2,073,189.50, marking an increase of approximately 314.5%[46]. - The net increase in cash and cash equivalents for the period was CNY 12,795,048.06, compared to CNY 70,761,354.75, a decline of approximately 81.9%[47]. - The ending balance of cash and cash equivalents was CNY 40,106,150.50, down from CNY 75,049,231.52[47]. Assets and Liabilities - Total assets as of March 31, 2022, amounted to ¥606,026,532.71, reflecting a 3.66% increase from ¥584,610,368.06 at the end of 2021[15]. - The company's asset-liability ratio (consolidated) was 31.16%, a slight decrease from 31.73% at the end of 2021[15]. - Total liabilities rose to ¥190,230,574.70, up from ¥186,989,781.20, indicating an increase of approximately 1.3%[37]. - Current liabilities totaled ¥155,803,593.48, compared to ¥151,805,442.63, marking a rise of about 2.0%[37]. - Non-current liabilities decreased slightly to ¥34,426,981.22 from ¥35,184,338.57, showing a decline of approximately 2.2%[37]. - The company's equity increased to ¥421,735,660.92, up from ¥403,066,291.62, which is an increase of about 4.6%[37]. Shareholder Information - The total number of ordinary shares remained at 81,358,266, with the proportion of unrestricted shares increasing from 50.83% to 54.50%[22]. - Major shareholders include Zhao Hongliang with 27.05% and Liu Xueping with 18.02% of shares[24]. - Total shares held by the top ten shareholders amount to 53,270,573, representing 65.48% of total shares[24]. - The number of shareholders holding more than 5% of shares remained stable, with a total of 6,342 ordinary shareholders[22]. Operational Costs - The company reported a total operating cost of ¥68,765,727.85 for Q1 2022, up from ¥62,784,889.17 in Q1 2021, which is an increase of about 9.5%[39]. - The operating cost for the first quarter of 2022 was CNY 56,450,471.02, compared to CNY 50,459,110.98 in the first quarter of 2021, indicating an increase of about 11.8%[42]. - The company's research and development expenses for the first quarter of 2022 were CNY 3,358,382.58, slightly higher than CNY 3,320,507.83 in the first quarter of 2021, showing a marginal increase[42]. Other Financial Information - Non-recurring gains and losses for the period totaled ¥8,458,747.58, with government subsidies contributing ¥8,519,424.53[20]. - The company has no significant litigation or arbitration matters pending during the reporting period[28]. - There were no external guarantees or loans provided by the company during the reporting period[27]. - The company has fulfilled all disclosed commitments without any overdue obligations[28]. - No assets were seized, frozen, or pledged that would adversely affect operations[29]. - The company did not implement any profit distribution or capital increase from reserves during the reporting period[30]. - Financial expenses for the first quarter of 2022 were CNY 778,104.41, down from CNY 1,275,764.40 in the first quarter of 2021, indicating a decrease of approximately 39%[42]. - The company experienced a credit impairment loss of CNY 725,989.20 in the first quarter of 2022, compared to a gain of CNY 470,241.19 in the same period of 2021[43].