同享科技(839167) - 2022 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 328,215,750.58, a year-on-year increase of 73.61%[15] - Net profit attributable to shareholders decreased by 46.42% to CNY 10,038,201.10 compared to the same period last year[15] - Basic earnings per share dropped by 69.70% to CNY 0.10 compared to CNY 0.33 in the same period last year[15] - The net profit for the current period is 10,038,201.10, a decrease from 18,736,409.95 in the previous period, representing a decline of approximately 46.4%[41] - Operating profit for the current period is 10,920,384.86, down from 18,798,601.02, indicating a decrease of about 41.9%[41] - The total comprehensive income for the current period is 10,038,201.10, compared to 18,736,409.95, reflecting a decline of approximately 46.4%[42] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -142,672,904.33, a significant decline from CNY -619,613.10 in the previous year[15] - The net cash flow from operating activities is -142,672,904.33, compared to -619,613.10 in the previous period, indicating a worsening cash flow situation[45] - Cash and cash equivalents at the end of Q1 2022 amounted to ¥62,725,417.82, up from ¥51,103,406.51 at the end of Q1 2021, reflecting a growth of approximately 22.5%[36] - Cash and cash equivalents at the end of the period stand at 62,649,456.96, up from 22,400,227.96, showing an increase of approximately 179.5%[46] Assets and Liabilities - Total assets increased by 40.25% to CNY 757,813,887.53 compared to the end of the previous year[15] - The total assets as of Q1 2022 were ¥757,813,887.53, compared to ¥540,313,112.99 at the end of Q1 2021, showing an increase of approximately 40.3%[37] - Total liabilities at the end of Q1 2022 were ¥408,888,925.28, up from ¥201,426,351.84 in Q1 2021, indicating an increase of about 102.6%[38] - The company’s debt-to-asset ratio remained at 53.96%, up from 37.28% at the end of the previous year[15] Shareholder Information - The largest shareholder, Suzhou Tongyou Investment Management, holds 54,630,000 shares, representing 52.87% of total shares[25] - The total number of shares held by the top ten shareholders is 82,578,008, accounting for 79.92% of total shares[26] - The company reported a decrease in shares held by Shenzhen Xinran Investment Management by 113,328 shares, resulting in a total of 1,208,675 shares held[25] Operational Changes and Transactions - The increase in revenue was attributed to expanded production capacity and rising raw material prices, which led to adjusted sales prices[17] - The company completed the acquisition of Suzhou GaoHua Precision Machinery Co., which contributed to the increase in fixed and intangible assets[17] - The company acquired land and buildings from a related party, Suzhou Gaohua Precision Machinery, to enhance production capacity and meet customer demand, with the transaction approved by the shareholders' meeting[31] - The company has engaged in daily related transactions, with an estimated amount of 123,860,185.76 CNY and an actual occurrence of 72,619,428.26 CNY during the reporting period[30] - The actual amount for the related party transaction with Jiangsu Hengtong Electric Cable was 154,381.82 CNY, against an estimated 500,000.00 CNY[30] Expenses and Provisions - The increase in accounts receivable due to higher sales led to a significant rise in bad debt provisions[17] - Research and development expenses increased significantly to 11,060,575.56 from 5,874,476.33, marking an increase of approximately 88.5%[41] - The company incurred financial expenses of 3,356,719.97, an increase from 2,206,100.28, representing a rise of about 52.1%[41] - The company reported a significant credit impairment loss of -7,803,194.21, compared to a gain of 651,745.91 in the previous period, indicating a negative shift in credit quality[41] Legal and Compliance - The company has no ongoing litigation or arbitration matters during the reporting period[29] - The company has not provided any external guarantees or loans during the reporting period[29] - The company has not engaged in any share buyback activities during the reporting period[29] - The company has not implemented any profit distribution or capital reserve conversion during the reporting period[33] Other Financial Metrics - Non-recurring gains and losses for the period amounted to CNY 310,350.53 after tax[19] - The total revenue from operating activities for the first quarter is 203,980,392.49, compared to 160,159,473.61 in the same period last year, reflecting a growth of about 27.2%[45] - Total operating costs for Q1 2022 were ¥309,741,008.70, compared to ¥170,931,043.93 in Q1 2021, indicating an increase of about 81.2%[40] - Accounts receivable increased to ¥369,415,522.74 in Q1 2022 from ¥246,525,306.17 in Q1 2021, marking a rise of about 49.8%[36] - The company has restructured its credit agreement with Huaxia Bank, moving away from real estate collateral for credit facilities[32] - The company reported a significant increase in pledged receivables, with accounts receivable rising to ¥24,456,720.88 from ¥16,313,054.94, an increase of approximately 50.5%[32]