德众汽车(838030) - 2022 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders for Q1 2022 was CNY 11.16 million, down 46.22% from CNY 20.76 million in Q1 2021[17] - Operating revenue for Q1 2022 reached CNY 746.66 million, representing a 5.05% increase compared to CNY 710.76 million in the same period last year[15] - The net cash flow from operating activities for Q1 2022 was CNY 6.54 million, a significant decline of 79.22% from CNY 31.48 million in Q1 2021[17] - Basic earnings per share for Q1 2022 were CNY 0.06, a decrease of 50% compared to CNY 0.12 in the same period last year[15] - The decline in net profit was primarily attributed to the impact of COVID-19, which affected operations in Hunan and Guizhou provinces[17] - Total operating revenue for Q1 2022 was CNY 746,663,637.45, an increase of 5.4% compared to CNY 710,757,911.74 in Q1 2021[49] - Net profit for Q1 2022 was CNY 11,839,442.21, a decrease of 45.4% from CNY 21,754,338.96 in Q1 2021[51] - Operating profit decreased significantly to -484,974.74 from 2,533,379.52, indicating a decline in profitability[53] - The company reported a total comprehensive income of -128,055.24, down from 2,532,599.34, highlighting a challenging financial environment[54] Assets and Liabilities - Total assets as of March 31, 2022, were approximately CNY 1.43 billion, a decrease of 0.11% compared to the end of the previous year[15] - The company's asset-liability ratio (consolidated) was 65.60% at the end of Q1 2022, slightly down from 66.43% at the end of the previous year[15] - Total liabilities decreased to ¥938,933,934.42 from ¥951,788,178.61, indicating a reduction of about 1.4%[43] - The company's equity attributable to shareholders rose to ¥473,778,351.00 from ¥462,614,982.55, an increase of approximately 2.5%[43] - Total liabilities amounted to CNY 150,400,411.78, a decrease from CNY 167,253,223.17 in the previous period[47] - The company's total liabilities to equity ratio improved to approximately 1.98 from 1.97, indicating a slight enhancement in financial leverage[43] Cash Flow - The net cash flow from operating activities was $401,083.99, down from $3,292,113.53, reflecting a significant decline[59] - Cash flow from operating activities was 6,541,336.82, down from 31,483,100.47, showing a significant decrease[56] - Cash inflow from financing activities amounted to $442,259,345.54, compared to $337,105,820.00 previously, showing an increase of approximately 31%[59] - Cash inflow from investment activities was $2,010,000.00, while cash outflow reached $12,278,835.37, resulting in a net cash flow of -$10,287,427.01[59] - The ending cash and cash equivalents balance decreased to $2,554,264.86 from $29,421,789.31, a decline of approximately 91%[59] Shareholder Information - The total number of ordinary shares is 178,839,681, with 48.81% held by the controlling shareholder[23] - The top five shareholders hold a combined 79.44% of the shares, with the largest shareholder owning 40.85%[25][26] - The proportion of shares with limited sales is 51.19%, while the proportion of unrestricted shares is 48.81%[23] - The number of shareholders holding more than 5% of the shares is 10, with no direct blood relations among them[26] - The number of ordinary shareholders is 7,112[23] Other Financial Metrics - Non-recurring gains and losses for Q1 2022 totaled CNY 1.78 million, with a net amount of CNY 1.66 million after tax effects[21] - The net asset return rate based on net profit attributable to shareholders was 2.38% for Q1 2022, down from 4.66% in the same period last year[15] - Research and development expenses for Q1 2022 were CNY 956,424.22, compared to CNY 960,058.75 in Q1 2021, indicating a slight decrease[50] - The company reported a credit impairment loss of CNY 305,887.50 in Q1 2022, compared to a gain of CNY 163,625.58 in Q1 2021[50] - Other income for Q1 2022 was CNY 1,066,750.52, down from CNY 4,041,505.62 in Q1 2021[50] Corporate Governance - The company has no ongoing litigation or arbitration matters[29] - The company has fulfilled all disclosed commitments without any violations during the reporting period[33] - The company established two wholly-owned subsidiaries with a registered capital of RMB 10 million each in January 2022[30] - The company has approved a guarantee limit of up to RMB 2.5 billion for inter-company guarantees, with an expected new guarantee credit limit of RMB 1.1 billion for 2022[30] - The total amount of external guarantees provided by the company is approximately RMB 829.59 million, with a remaining balance of RMB 395.20 million[32]