华升股份(600156) - 2022 Q1 - 季度财报

Report Overview Important Notice The 2022 Q1 report for Hunan Huasheng Co., Ltd. is guaranteed for accuracy by management, with unaudited financial statements - The company's Board of Directors, Supervisory Board, and directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, with no false records, misleading statements, or major omissions[2][3] - The company's responsible person, chief accountant, and head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial statement information in the quarterly report[3] - The first-quarter financial statements are unaudited[4] Key Financial Data Key Accounting Data and Financial Indicators Q1 2022 saw a 19.68% revenue decline, a net loss of 39.69 million yuan, and decreases in total assets and owners' equity Key Accounting Data and Financial Indicators for Q1 2022 | Item | Current Period (million yuan) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 208.37 | -19.68 | | Net Profit Attributable to Shareholders | -39.69 | Not applicable | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) | -23.30 | Not applicable | | Net Cash Flow from Operating Activities | -34.00 | Not applicable | | Basic EPS (yuan/share) | -0.0987 | Not applicable | | Diluted EPS (yuan/share) | -0.0987 | Not applicable | | Weighted Average ROE (%) | -6.29 | Increased 2.49 percentage points | Balance Sheet Indicators as of Q1 2022 End | Item | End of Current Period (million yuan) | End of Prior Year (million yuan) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,187.33 | 1,266.61 | -6.26 | | Owners' Equity Attributable to Shareholders | 611.50 | 651.19 | -6.09 | Non-recurring Gains and Losses Items and Amounts Total non-recurring losses for the period amounted to 16.39 million yuan, mainly due to fair value changes in financial assets Non-recurring Gains and Losses Items and Amounts for Q1 2022 | Item | Amount for Current Period (yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 2,105.94 | | Government Grants Recognized in Current P&L | 1,781,361.55 | | Gains/Losses from Entrusted Investments/Asset Management | 723,045.92 | | Gains/Losses from Fair Value Changes & Investment Income | -24,435,199.99 | | Other Non-operating Income and Expenses | -24,589.52 | | Less: Income Tax Impact | -5,628,943.87 | | Minority Interests Impact (After Tax) | 63,138.44 | | Total | -16,387,470.68 | - Total non-recurring gains and losses amounted to -16,387,470.68 yuan, primarily influenced by fair value changes from financial assets held for trading and derivative financial assets[5] Changes in Key Accounting Data, Financial Indicators and Reasons Significant changes in key financial items were driven by structured deposit maturities, loan repayments, increased R&D, and reduced exchange losses Changes in Key Accounting Data, Financial Indicators and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Cash and Cash Equivalents | 37.50 | Increase in cash and cash equivalents due to maturity of some structured deposits | | Notes Receivable | -53.59 | Change due to maturity of bank acceptance bills | | Prepayments | 37.53 | Change resulting from the company's normal operating activities | | Other Current Assets | -63.54 | Maturity of some structured deposits | | Accounts Payable | -33.91 | Change resulting from the company's normal operating activities | | Non-current Liabilities Due Within One Year | -41.67 | Subsidiary Dongma Company repaid bank loan of 10 million yuan | | Deferred Income Tax Liabilities | -36.91 | Change due to the company recognizing fair value changes in Xiangcai Securities stock | | Administrative Expenses | 39.62 | Primarily due to increased administrative expenses at subsidiary Huasheng Textile Technology | | Research and Development Expenses | 56.05 | Company increased R&D investment | | Financial Expenses | -59.99 | Change due to reduced exchange gains and losses compared to the previous period | | Other Income | 1,011.07 | Subsidiary received government grants | | Cash Paid for Other Operating Activities | -34.05 | Primarily due to a year-on-year decrease in intercompany payments | | Cash Received from Investment Recovery | 105.15 | Primarily cash inflow from maturity of structured deposits | | Cash Received from Investment Income | 53.52 | Primarily investment income received from maturity of structured deposits | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | -60.35 | Subsidiary Xuesong Company paid less for engineering projects year-on-year | | Subtotal of Cash Outflows from Financing Activities | 485.49 | Subsidiary Dongma Company repaid bank loan of 10 million yuan | - R&D expenses increased by 56.05% year-on-year, primarily due to increased R&D investment by the company[5] - Financial expenses decreased by 59.99% year-on-year, mainly due to reduced exchange gains and losses compared to the previous period[5] Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Shareholding The company had 41,999 common shareholders, with Hunan Huasheng Group Co., Ltd. holding 40.31% of shares, a portion of which is pledged - The total number of common shareholders at the end of the reporting period was 41,999[8] Top 10 Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Percentage (%) | Number of Restricted Shares Held | Pledge, Mark, or Freeze Status (Shares/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | Hunan Huasheng Group Co., Ltd. | State-owned Legal Person | 162,104,312 | 40.31 | - | Pledged 20,000,000 | | An Tongliang | Domestic Natural Person | 9,700,000 | 2.41 | - | Unknown | | Ou Yanwu | Domestic Natural Person | 6,419,012 | 1.60 | - | Unknown | | Han Qiang | Domestic Natural Person | 4,647,300 | 1.16 | - | Unknown | | Jiang Runlin | Domestic Natural Person | 3,800,000 | 0.95 | - | Unknown | | Bai Changmin | Domestic Natural Person | 1,804,366 | 0.45 | - | Unknown | | Yuan Bin | Domestic Natural Person | 1,540,600 | 0.38 | - | Unknown | | Zhou Qin | Domestic Natural Person | 1,539,753 | 0.38 | - | Unknown | | Wang Li | Domestic Natural Person | 1,080,000 | 0.27 | - | Unknown | | Lin Weiping | Domestic Natural Person | 1,050,300 | 0.26 | - | Unknown | - Controlling shareholder Hunan Huasheng Group Co., Ltd. held 162,104,312 shares, accounting for 40.31% of the total share capital, with 20,000,000 shares pledged[8] Other Reminders Other Important Information Regarding Operating Performance No other significant operating information requiring investor attention was identified during the reporting period - The company has no other important information regarding its operating performance during the reporting period that requires investor attention[10] Quarterly Financial Statements Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[10] Consolidated Balance Sheet As of March 31, 2022, total assets were 1.19 billion yuan, a 6.26% decrease from year-end, with total liabilities at 592 million yuan Consolidated Balance Sheet Key Items (March 31, 2022 vs December 31, 2021) | Item | March 31, 2022 (yuan) | December 31, 2021 (yuan) | | :--- | :--- | :--- | | Current Assets: | | | | Cash and Cash Equivalents | 212,896,362.46 | 154,830,738.76 | | Financial Assets Held for Trading | 109,958,400.00 | 134,393,599.99 | | Notes Receivable | 579,718.00 | 1,249,008.22 | | Prepayments | 78,461,718.55 | 57,050,919.20 | | Other Current Assets | 65,189,321.95 | 178,805,117.83 | | Total Current Assets | 687,051,316.48 | 760,423,864.97 | | Non-current Assets: | | | | Fixed Assets | 276,505,393.27 | 281,106,525.72 | | Intangible Assets | 146,480,518.33 | 147,437,054.23 | | Total Non-current Assets | 500,278,805.09 | 506,187,693.70 | | Total Assets | 1,187,330,121.57 | 1,266,611,558.67 | | Current Liabilities: | | | | Accounts Payable | 60,023,334.61 | 90,813,750.22 | | Contract Liabilities | 116,848,933.81 | 118,236,052.40 | | Non-current Liabilities Due Within One Year | 14,000,000.00 | 24,000,000.00 | | Total Current Liabilities | 398,261,701.45 | 430,315,330.53 | | Non-current Liabilities: | | | | Deferred Income Tax Liabilities | 10,441,715.29 | 16,550,515.29 | | Total Non-current Liabilities | 193,783,751.04 | 197,744,143.88 | | Total Liabilities | 592,045,452.49 | 628,059,474.41 | | Owners' Equity: | | | | Total Owners' Equity Attributable to Parent Company | 611,501,162.18 | 651,187,695.18 | | Minority Interests | -16,216,493.10 | -12,635,610.92 | | Total Owners' Equity | 595,284,669.08 | 638,552,084.26 | | Total Liabilities and Owners' Equity | 1,187,330,121.57 | 1,266,611,558.67 | - As of March 31, 2022, the company's total assets were 1,187,330,121.57 yuan, a 6.26% decrease from 1,266,611,558.67 yuan at the end of 2021[5][12] - Total owners' equity attributable to the parent company was 611,501,162.18 yuan, a 6.09% decrease from 651,187,695.18 yuan at the end of 2021[5][13] Consolidated Income Statement Q1 2022 total operating revenue was 208.37 million yuan, down 19.68%, with a net loss of 39.69 million yuan that narrowed year-on-year Consolidated Income Statement Key Items (Q1 2022 vs Q1 2021) | Item | Q1 2022 (yuan) | Q1 2021 (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 208,367,620.36 | 259,429,997.37 | | Total Operating Costs | 235,041,073.07 | 276,110,177.32 | | Including: Operating Costs | 208,337,257.35 | 253,183,259.67 | | Administrative Expenses | 16,994,317.63 | 12,171,622.18 | | Research and Development Expenses | 1,817,598.17 | 1,164,743.76 | | Financial Expenses | 963,535.28 | 2,408,339.39 | | Other Income | 1,772,121.55 | 159,497.00 | | Investment Income | 762,022.40 | 187,883.82 | | Gains/Losses from Fair Value Changes | -24,435,199.99 | -63,453,893.64 | | Operating Profit | -49,362,971.60 | -79,745,044.77 | | Total Profit | -49,376,215.18 | -78,434,305.23 | | Net Profit | -43,267,415.18 | -62,570,831.82 | | Net Profit Attributable to Parent Company Shareholders | -39,686,533.00 | -60,660,979.79 | | Basic EPS (yuan/share) | -0.0987 | -0.1509 | - Total operating revenue was 208,367,620.36 yuan, a year-on-year decrease of 19.68%[4][14] - Net profit attributable to parent company shareholders was -39,686,533.00 yuan, a narrowed loss compared to -60,660,979.79 yuan in the same period last year[4][15] - Gains/losses from fair value changes amounted to -24,435,199.99 yuan, negatively impacting current period profit[14] Consolidated Cash Flow Statement Q1 2022 saw a 34.00 million yuan net cash outflow from operations, a 100.85 million yuan net inflow from investing, and an 8.79 million yuan net outflow from financing Consolidated Cash Flow Statement Key Items (Q1 2022 vs Q1 2021) | Item | Q1 2022 (yuan) | Q1 2021 (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -33,995,617.85 | -11,359,731.94 | | Net Cash Flow from Investing Activities | 100,848,677.67 | -8,539,393.20 | | Net Cash Flow from Financing Activities | -8,787,436.12 | -1,768,394.06 | | Net Increase in Cash and Cash Equivalents | 58,065,623.70 | -21,667,519.20 | | Cash and Cash Equivalents at End of Period | 212,896,362.46 | 187,069,537.57 | - Net cash flow from operating activities was -33,995,617.85 yuan, an expanded net outflow compared to -11,359,731.94 yuan in the same period last year[4][17] - Net cash flow from investing activities was 100,848,677.67 yuan, turning positive from -8,539,393.20 yuan in the same period last year, mainly due to a significant increase in cash received from investment recovery[6][17] - Net cash flow from financing activities was -8,787,436.12 yuan, an expanded net outflow compared to -1,768,394.06 yuan in the same period last year[6][17]