Financial Performance - The net profit attributable to shareholders for the first quarter of 2022 was ¥7,704,735.02, a decrease of 13.26% year-over-year[16]. - Operating revenue for the first quarter of 2022 reached ¥64,968,547.78, reflecting a 15.76% increase compared to the same period last year[16]. - Basic earnings per share for the first quarter of 2022 decreased by 28.75% to ¥0.16[16]. - The decline in net profit was mainly attributed to increased management and research and development expenses[18]. - Total operating revenue for Q1 2022 reached ¥64,968,547.78, an increase of 15.9% compared to ¥56,124,616.59 in Q1 2021[48]. - The company's net profit for the current period is 7,704,735.02, a decrease of 13.3% compared to 8,882,857.42 from the previous period[49]. - Operating profit for the current period is 9,045,075.99, a slight decrease of 6.6% from 9,683,084.97 in the previous period[49]. - The total profit for the current period is 9,214,185.64, down 9.2% from 10,144,941.73 in the previous period[49]. - Basic earnings per share decreased to 0.16 from 0.23, reflecting a decline of 30.4%[50]. Assets and Liabilities - The total assets as of March 31, 2022, amounted to ¥435,894,128.71, representing a 1.56% increase compared to the end of the previous year[16]. - The company's net assets attributable to shareholders increased by 6.97% to ¥289,727,207.28 as of March 31, 2022[16]. - The asset-liability ratio for the consolidated entity was 33.53%, down from 36.89% at the end of the previous year[16]. - Total liabilities decreased to ¥146,166,921.43 in Q1 2022 from ¥158,353,713.64 in Q4 2021, a reduction of 7.5%[41]. - Shareholders' equity increased to ¥289,727,207.28 in Q1 2022 from ¥270,858,268.65 at the end of 2021, representing a growth of 6.9%[42]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥3,377,316.23, a decline of 190.51% compared to the previous year[16]. - Cash inflow from operating activities for Q1 2022 was CNY 105,241,309.14, a significant increase of 73.4% compared to CNY 60,731,706.68 in Q1 2021[54]. - Net cash outflow from operating activities in Q1 2022 was CNY -3,377,316.23, contrasting with a positive cash flow of CNY 3,731,353.02 in Q1 2021[54]. - Cash outflow from investing activities in Q1 2022 totaled CNY 26,472,740.32, up from CNY 9,547,583.21 in Q1 2021, indicating a 77.7% increase[55]. - Net cash flow from financing activities in Q1 2022 was CNY 11,026,333.73, compared to a net outflow of CNY -786,302.77 in Q1 2021[55]. - The ending cash and cash equivalents balance for Q1 2022 was CNY 72,870,309.67, compared to CNY 27,731,509.79 at the end of Q1 2021, reflecting a growth of 162.5%[55]. Shareholder Information - The total number of shares increased from 47,478,261 to 48,750,000 due to the full exercise of the over-allotment option, adding 1,271,739 shares[23]. - The proportion of unrestricted shares decreased from 21.61% to 21.05%, while the proportion of restricted shares increased from 78.39% to 78.95%[23]. - The largest shareholder, Huai'an Haoxin Hydraulic Co., Ltd., holds 14,000,000 shares, representing 28.72% of the total shares[25]. - The second-largest shareholder, Ma Jinxing, holds 7,493,717 shares, accounting for 15.37% of the total shares[25]. - The total number of shareholders with more than 5% ownership is concentrated among the top ten shareholders, holding a combined 79.37% of the total shares[26]. - The total number of restricted shares held by the top ten shareholders is 37,393,717, while unrestricted shares amount to 1,300,000[26]. - The company has established relationships among major shareholders, including familial ties and shared control by government entities[27]. Operational Insights - The increase in operating revenue was primarily driven by the growth in sales volume and the variety of power unit products offered[17]. - Research and development expenses increased to 3,063,699.58, up 32% from 2,320,588.65 in the previous period[49]. - The company reported a net profit margin improvement, with net income for Q1 2022 expected to reflect the growth in revenue despite increased costs[48]. - Future outlook indicates a focus on market expansion and new product development to sustain growth momentum[48]. - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the industry[49]. Legal and Compliance - The company is involved in a lawsuit against Hefei Yihang Machinery Technology Co., Ltd. for an outstanding payment of RMB 561,539.00, which is currently under court enforcement[32]. - The company has not engaged in any significant external guarantees or loans during the reporting period[30]. - The company has not faced any major penalties or investigations during the reporting period[31]. - The company has fulfilled its previously disclosed commitments in a timely manner[34].
威博液压(871245) - 2022 Q1 - 季度财报