冠城大通(600067) - 2022 Q1 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators Q1 2022 saw 2.58 billion Yuan operating revenue, 42.84% net profit growth, and a 5033.26% surge in operating cash flow Key Financial Indicators for Q1 2022 | Indicator | This Reporting Period | Year-over-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 2.58 billion Yuan | 21.53% | | Net Profit Attributable to Shareholders | 27.35 million Yuan | 42.84% | | Net Cash Flow from Operating Activities | 699.37 million Yuan | 5,033.26% | | Basic EPS (Yuan/share) | 0.02 Yuan | 100.00% | | Weighted Average ROE | 0.39% | Increased by 0.15 percentage points | | Period-End Indicators | End of This Reporting Period | Change from End of Last Year (%) | | Total Assets | 23.79 billion Yuan | -0.44% | | Equity Attributable to Shareholders | 6.98 billion Yuan | 0.42% | Non-recurring Gains and Losses Items and Amounts Total non-recurring losses amounted to 1.75 million Yuan, mainly due to fair value changes from financial assets and debt restructuring gains Details of Non-recurring Gains and Losses for Q1 2022 | Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses from Debt Restructuring | 3.79 million | | Government Grants Recognized in P&L | 1.90 million | | Other Non-operating Income and Expenses | 0.10 million | | Gains/Losses from Disposal of Non-current Assets | -0.42 million | | Fair Value Changes from Financial Assets Held for Trading | -6.25 million | | Total | -1.75 million | Analysis of Changes in Key Financial Indicators Key financial indicators showed significant year-over-year growth, driven by increased real estate settlement and project receivables Changes and Reasons for Key Financial Indicators | Item | Change (%) | Main Reason | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 42.84 | Increased settlement area of real estate business this period compared to the same period last year | | Net Cash Flow from Operating Activities | 5,033.26 | Received project receivables from Beijing Chaoyang District Finance Bureau this period | | Basic EPS (Yuan/share) | 100.00 | Increased net profit this period compared to the same period last year | Shareholder Information Shareholder Ownership As of period-end, the company had 76,314 common shareholders; the largest shareholder and Starlex Limited are parties acting in concert - At the end of the reporting period, the company had 76,314 common shareholders[11] Top Five Shareholders' Shareholding | Shareholder Name | Shareholding (%) | Number of Shares | | :--- | :--- | :--- | | Fujian Fengrong Investment Co., Ltd. | 33.95 | 506,567,998 | | Grand Capital Holdings Co., Ltd. Repurchase Special Securities Account | 6.73 | 100,441,986 | | Shaanxi Guotou · Grand Capital Holdings Second Phase Employee Stock Ownership Securities Investment Collective Fund Trust Plan | 2.55 | 38,122,450 | | STARLEX LIMITED | 2.04 | 30,389,058 | | Lin Zhuangxi | 1.65 | 24,600,000 | - The largest shareholder, Fujian Fengrong Investment Co., Ltd., and the fourth largest shareholder, Starlex Limited, are parties acting in concert[12] Other Important Matters Operating Performance during the Reporting Period Main businesses showed differentiated performance, with real estate sales down but settlement up, enamelled wire revenue growing, and new energy businesses achieving high growth Real Estate Business Q1 2022 real estate contracted sales declined by 61.57% to 533 million Yuan, while settlement amounts increased by 34.46% to 1.15 billion Yuan Key Data for Real Estate Business in Q1 2022 | Indicator | Q1 2022 | Year-over-Year Change | | :--- | :--- | :--- | | Contracted Sales Area | 31,100 sq. meters | -60.48% | | Contracted Sales Amount | 533 million Yuan | -61.57% | | Settlement Area | 77,100 sq. meters | +32.25% | | Settlement Amount | 1.15 billion Yuan | +34.46% | - Portions of the Beijing Taiyanggong primary land development project (covering 27,039.749 square meters) were officially acquired and listed for transfer on April 19, 2022[18] Enamelled Wire Business Enamelled wire business saw slight declines in volumes, but main business revenue increased by 12.07% to 1.33 billion Yuan Enamelled Wire Business Data for Q1 2022 | Indicator | Q1 2022 | Year-over-Year Change | | :--- | :--- | :--- | | Production Volume | 20,700 tons | -3.72% | | Sales Volume | 19,000 tons | -4.04% | | Main Business Revenue | 1.33 billion Yuan | +12.07% | Electrolyte Additive and Lithium Battery Business New energy businesses achieved explosive growth, with electrolyte additive production, sales, and revenue up over 146%, and lithium battery revenue increasing over 223% New Energy Business Data for Q1 2022 | Business | Indicator | Q1 2022 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Electrolyte Additive | Production Volume | 91.74 tons | +186.69% | | | Sales Volume | 83.90 tons | +146.95% | | | Main Business Revenue | 21.92 million Yuan | +146.76% | | Lithium Battery | Main Business Revenue | 3.68 million Yuan | +223.70% | Progress on Other Important Matters The company plans a non-public issuance of up to 1 billion Yuan in corporate bonds and extended its two employee stock ownership plans - The company intends to non-publicly issue corporate bonds totaling no more than 1 billion Yuan to professional investors, with a term not exceeding 2 years[20] - The company's first employee stock ownership plan has been extended to July 27, 2022, and the second plan to January 7, 2023[21][22] Quarterly Financial Statements Consolidated Balance Sheet As of March 31, 2022, total assets were 23.79 billion Yuan, total liabilities 15.52 billion Yuan, and parent company equity 6.98 billion Yuan, reflecting a stable structure Key Items of Consolidated Balance Sheet | Item | March 31, 2022 (Yuan) | December 31, 2021 (Yuan) | | :--- | :--- | :--- | | Total Assets | 23.79 billion | 23.89 billion | | Total Liabilities | 15.52 billion | 15.68 billion | | Total Equity Attributable to Parent Company Shareholders | 6.98 billion | 6.95 billion | | Total Equity | 8.27 billion | 8.21 billion | Consolidated Income Statement Q1 2022 total operating revenue was 2.58 billion Yuan (up 21.53%), total operating cost 2.46 billion Yuan, and parent company net profit increased by 42.84% Key Items of Consolidated Income Statement | Item | Q1 2022 (Yuan) | Q1 2021 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 2.58 billion | 2.12 billion | | Total Operating Cost | 2.46 billion | 2.12 billion | | Total Profit | 107.68 million | 73.22 million | | Net Profit | 57.84 million | 33.47 million | | Net Profit Attributable to Parent Company Shareholders | 27.35 million | 19.14 million | Consolidated Cash Flow Statement Cash flow significantly improved, with net operating cash flow surging to 699 million Yuan, while investing and financing activities showed net outflows Key Items of Consolidated Cash Flow Statement | Item | Q1 2022 (Yuan) | Q1 2021 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 699.37 million | 13.62 million | | Net Cash Flow from Investing Activities | -79.14 million | 178.79 million | | Net Cash Flow from Financing Activities | -712.22 million | -155.84 million | | Net Increase in Cash and Cash Equivalents | -93.13 million | 36.66 million | Parent Company Financial Statements The parent company reported 188 million Yuan in Q1 2022 net profit, primarily from investment income, with its financial status differing from consolidated figures Core Data from Parent Company Income Statement and Cash Flow Statement | Item | Q1 2022 (Yuan) | | :--- | :--- | | Income Statement | | | Investment Income | 244.52 million | | Net Profit | 188.12 million | | Cash Flow Statement | | | Net Cash Flow from Operating Activities | 15.48 million |