Financial Performance - Net profit attributable to shareholders for the first quarter of 2022 was CNY 9,096,786.46, representing a significant increase of 56.76% year-over-year[13]. - Operating revenue for the first quarter of 2022 reached CNY 44,675,703.47, reflecting a growth of 2.80% compared to the same period last year[13]. - Basic earnings per share for the first quarter of 2022 were CNY 0.16, an increase of 60.00% compared to CNY 0.10 in the same period last year[13]. - Operating profit for the first quarter of 2022 was 10,384,902.15, up from 6,799,467.96 in the previous year, reflecting a growth of approximately 52.67%[40]. - Comprehensive income for the first quarter of 2022 totaled 9,096,786.46, compared to 5,802,871.43 in the first quarter of 2021, marking an increase of approximately 56.67%[41]. - Total operating revenue for Q1 2022 was CNY 44,675,703.47, an increase from CNY 43,459,930.00 in Q1 2021, representing a growth of approximately 2.8%[39]. Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY 8,115,937.51, a remarkable increase of 163.55% compared to the previous year[13]. - Operating cash inflow for Q1 2022 was CNY 59,473,339.60, an increase from CNY 44,377,314.50 in Q1 2021, representing a growth of 34%[45]. - Total cash and cash equivalents at the end of Q1 2022 reached CNY 31,041,329.80, up from CNY 5,307,055.14 at the end of Q1 2021[47]. - The net increase in cash and cash equivalents for Q1 2022 was CNY 7,792,922.12, compared to CNY 1,027,658.54 in Q1 2021, indicating a strong cash position[47]. - Cash outflow from investing activities was CNY 879,528.99 in Q1 2022, significantly lower than CNY 4,089,850.57 in Q1 2021, indicating reduced investment spending[47]. Assets and Liabilities - Total assets as of March 31, 2022, were CNY 203,153,510.88, a decrease of 0.34% compared to the end of the previous year[13]. - The company's total liabilities to assets ratio decreased to 19.45% for the consolidated financials, down from 24.28% at the end of the previous year[13]. - Total liabilities decreased from CNY 49,486,116.91 at the end of 2021 to CNY 39,511,816.03 by March 31, 2022, indicating a reduction of approximately 20.1%[33]. - Current liabilities decreased from CNY 45,945,512.30 to CNY 36,707,330.60, a decline of about 20.1%[32]. - Non-current liabilities also decreased from CNY 3,540,604.61 to CNY 2,804,485.43, a reduction of approximately 20.8%[33]. - Shareholders' equity increased from CNY 154,356,509.90 at the end of 2021 to CNY 163,641,694.85 by March 31, 2022, reflecting a growth of about 6.3%[33]. Shareholder Information - The registered capital of the company is CNY 58,550,000.00[11]. - The total number of ordinary shareholders is 98[17]. - The largest shareholder, Chen Yuezhong, holds 34,052,000 shares, representing 58.16% of the total shares[19]. - The second largest shareholder, Haiyan Qifeng Investment Consulting Co., Ltd., holds 10,795,050 shares, accounting for 18.44%[19]. - The total shares held by the top ten shareholders amount to 56,996,198, which is 97.35% of the total shares[20]. Operational Activities - Daily related transactions include purchasing raw materials and services estimated at 1,500,000, with actual transactions of 218,590[24]. - Sales of products and services are estimated at 2,000,000, with actual sales of 72,156.64[24]. - Other daily related transactions are estimated at 4,520,000, with actual transactions of 857,190.48[24]. - The company has committed to timely disclosures regarding daily related transactions and has adhered to these commitments[23]. Compliance and Commitments - There are no significant legal disputes or external guarantees reported during the period[23]. - The company has not engaged in any share buyback activities during the reporting period[23]. - The company has maintained compliance with all disclosed commitments and has not faced any penalties or investigations[23]. - The company has committed to avoid and reduce related party transactions, which is currently being fulfilled[26]. - The company has issued commitments regarding the stability of share prices and the authenticity of issuance application documents[27]. - The company has ongoing commitments related to the issuance of shares and the management of shareholder equity[27].
七丰精工(873169) - 2022 Q1 - 季度财报