Financial Performance - Operating revenue for Q1 2022 was CNY 34,722,554.21, down 65.49% from CNY 100,628,523.71 in Q1 2021, primarily due to fewer customer orders[14][16] - Net profit attributable to shareholders for Q1 2022 was CNY 2,932,649.89, a decline of 78.34% compared to CNY 13,540,508.38 in the same period last year[14][16] - The gross profit margin decreased significantly due to rising raw material prices and a drop in sales volume, with operating costs for Q1 2022 at CNY 33,946,900, down 57.75% from CNY 80,341,500 in Q1 2021[16] - The total operating revenue for Q1 2022 was CNY 34,722,554.21, a decrease of 65.5% compared to CNY 100,628,523.71 in Q1 2021[36] - The total operating costs for Q1 2022 were CNY 39,180,056.00, down from CNY 87,667,598.79 in Q1 2021, indicating a reduction of 55.3%[36] - The net profit for the first quarter of 2022 was CNY 2,932,649.89, a decrease of 78.4% compared to CNY 13,540,508.38 in the same period of 2021[38] - Operating profit for the first quarter of 2022 was CNY 2,960,022.87, down 80.7% from CNY 15,393,913.63 in the first quarter of 2021[38] - The total profit before tax for Q1 2022 was CNY 2,900,387.58, a decrease of 81.0% from CNY 15,295,719.50 in Q1 2021[38] - The company reported a total comprehensive income of CNY 2,932,649.89 for Q1 2022, reflecting a decrease of 78.4% from CNY 13,540,508.38 in Q1 2021[38] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.02, down from CNY 0.13 in Q1 2021[38] Cash Flow and Assets - The company's cash flow from operating activities for Q1 2022 was CNY 7,432,016.78, an increase of 448.34% compared to a negative cash flow of CNY 2,133,522.74 in Q1 2021[14][16] - The cash flow from operating activities for Q1 2022 was CNY 7,432,016.78, a significant improvement from a negative cash flow of CNY -2,133,522.74 in Q1 2021[41] - The total assets as of March 31, 2022, were CNY 406,986,378.20, a decrease of 6.52% compared to the end of the previous year[14] - The total assets as of March 31, 2022, amounted to CNY 406,986,378.20, a decrease from CNY 435,384,983.08 as of December 31, 2021, reflecting a decline of 6.5%[34] - The cash and cash equivalents increased to CNY 99,261,825.40 as of March 31, 2022, compared to CNY 97,157,513.62 at the end of 2021, showing a growth of 2.2%[32] - The total liabilities decreased to CNY 84,572,818.19 as of March 31, 2022, from CNY 115,904,072.96 at the end of 2021, representing a reduction of 26.9%[34] - The short-term borrowings decreased to CNY 12,011,760.90 as of March 31, 2022, from CNY 17,011,344.24 at the end of 2021, a decline of 29.5%[33] - The accounts receivable rose to CNY 60,389,614.18 as of March 31, 2022, up from CNY 52,461,025.16 at the end of 2021, indicating an increase of 15.5%[32] - The inventory increased to CNY 45,946,511.26 as of March 31, 2022, compared to CNY 38,779,474.11 at the end of 2021, reflecting a growth of 18.5%[32] - The company's equity attributable to shareholders was CNY 322,413,560.01 as of March 31, 2022, slightly up from CNY 319,480,910.12 at the end of 2021, an increase of 0.6%[34] Shareholder Information - The number of shareholders holding more than 5% of shares remained stable, with a total share capital of 134,990,443 shares[19] - The company reported a total of 68,228,554 shares held by the top ten shareholders, representing 50.5432% of total shares[22] - The largest shareholder, Chen Shouquan, holds 19,760,438 shares, accounting for 14.6384% of total shares[21] - Hubei Huayang Investment Group Co., Ltd. is the second-largest shareholder with 11,158,000 shares, representing 8.2658%[21] Commitments and Legal Matters - The company has made commitments regarding unconfirmed equity matters, ensuring clarity and responsibility in case of disputes[26] - The actual controller of the company has pledged to assist in resolving any future disputes related to unconfirmed shares[26] - The company has confirmed that there are no major risks or disputes regarding its equity structure[26] - There are no ongoing litigation or arbitration matters reported by the company[25] - The company has not engaged in any significant external guarantees or loans during the reporting period[25] - No share buyback activities have been conducted by the company[25] - The company has made commitments to avoid competition and reduce related party transactions, ensuring compliance with regulations[27] Other Income and Expenses - Other income for Q1 2022 was CNY 7,497,700, an increase from CNY 2,751,700 in the same period last year, mainly due to government subsidies[17] - Research and development expenses in Q1 2022 were CNY 2,029,666.43, a decrease of 36.3% compared to CNY 3,188,489.79 in Q1 2021[38] - The company incurred financial expenses of CNY -340,546.12 in Q1 2022, compared to CNY 56,272.56 in Q1 2021[38] - Non-recurring gains and losses for Q1 2022 totaled CNY 7,338,936.14, with a net amount after tax of CNY 6,238,095.72[18]
华阳变速(839946) - 2022 Q1 - 季度财报