BYT(BJ:836675)2022-04-27 16:00Financial Performance - Operating revenue for the first quarter of 2022 was CNY 74,903,573.52, reflecting a growth of 5.19% year-over-year[14] - Net profit attributable to shareholders for the first quarter of 2022 was CNY 16,721,830.78, a slight increase of 0.19% compared to the same period last year[14] - The net profit for the first quarter of 2022 was 17,011,778.19, an increase from 16,812,316.63 in the same period of 2021, representing a growth of approximately 1.18%[42] - The total comprehensive income for the first quarter of 2022 reached 17,226,137.70, compared to 16,951,920.53 in the first quarter of 2021, indicating an increase of about 1.62%[42] - The operating profit for the first quarter of 2022 was 19,661,266.76, slightly higher than 19,149,283.87 in the first quarter of 2021, showing a growth of about 2.66%[42] Cash Flow - The net cash flow from operating activities increased by 129.34% to CNY 5,149,149.01, primarily due to increased cash receipts from sales[15] - Cash inflows from operating activities amounted to 61,932,147.57 in the first quarter of 2022, up from 40,446,963.38 in the first quarter of 2021, reflecting a growth of approximately 53.2%[44] - The net cash flow from operating activities for the first quarter of 2022 was 5,149,149.01, a significant improvement compared to a net outflow of -17,547,430.72 in the same period of 2021[44] - Cash inflows from investment activities totaled 40,000,000.00 in the first quarter of 2022, while cash outflows were 14,735,319.23, resulting in a net cash flow of 25,264,680.77 from investment activities[44] - The net cash flow from financing activities for the first quarter of 2022 was 20,780,317.08, compared to a net outflow of -7,249,581.67 in the first quarter of 2021, indicating a positive shift in financing[46] Assets and Liabilities - Total assets as of March 31, 2022, reached CNY 726,544,576.06, an increase of 4.94% compared to the end of 2021[14] - The total liabilities to assets ratio (consolidated) as of March 31, 2022, was 26.63%, up from 25.45% at the end of 2021[14] - Total current assets increased to ¥465,817,524.13, up from ¥438,961,259.76, representing a growth of approximately 6.5% year-over-year[30] - Total liabilities increased to ¥193,469,789.26 from ¥176,201,231.94, representing a rise of approximately 9.8%[32] - Total assets reached ¥726,544,576.06, up from ¥692,339,828.45, indicating an increase of about 4.9%[33] Shareholder Information - The registered capital of the company is CNY 172,198,000[12] - The number of ordinary shareholders as of the report date was 5,988[19] - The total number of shares held by major shareholders reached 132,593,706, representing 77.02% of the total shares[22] - The largest shareholder, Fan Rong, holds 80,442,720 shares, accounting for 46.72% of the total shares[21] - The second-largest shareholder, Sang Hongmei, holds 41,990,880 shares, representing 24.39% of the total shares[21] Expenses and Costs - Total operating costs for Q1 2022 were CNY 55,856,584.17, up from CNY 52,367,052.86 in Q1 2021, indicating an increase of about 9.5%[37] - Research and development expenses decreased to CNY 2,091,687.91 in Q1 2022 from CNY 4,065,765.23 in Q1 2021, a reduction of approximately 48.6%[37] - The company reported a financial expense of CNY 684,117.39 in Q1 2022, compared to CNY 590,868.07 in Q1 2021, reflecting an increase of approximately 15.8%[37] Corporate Governance - The company has not engaged in any litigation or arbitration matters during the reporting period[25] - The company provided unconditional guarantees for loans to related parties, including Panzhihua Rural Commercial Bank[26] - The company approved a stock incentive plan during the board meeting on January 12, 2022, which was submitted for shareholder approval[26] - The company has issued commitments to avoid competition and ensure proper management of related transactions[27] - The company’s subsidiary, Bingyang Mining, provided guarantees for loans using its mining rights[27]