阳光照明(600261) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥962,882,833.97, representing a decrease of 5.38% compared to the same period last year[4] - The net profit attributable to shareholders was ¥3,302,439.94, a significant decline of 98.19% year-on-year[4] - The net cash flow from operating activities was -¥47,431,272.25, reflecting an increase in cash outflow by 82.12% compared to the previous year[4] - In Q1 2022, the company's net profit was CNY 2,016,684.46, a significant decrease from CNY 182,062,046.07 in Q1 2021, representing a decline of approximately 98.9%[20] - The total comprehensive income for Q1 2022 was CNY 2,586,245.37, compared to CNY 185,157,430.12 in Q1 2021, indicating a decline of approximately 98.6%[21] - The basic earnings per share for Q1 2022 was CNY 0, compared to CNY 0.13 in Q1 2021, showing a significant drop[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,887,347,220.00, down 4.26% from the end of the previous year[5] - Total assets as of March 31, 2022, were CNY 5,887,347,220.00, down from CNY 6,149,534,654.97 at the end of 2021[18] - Total liabilities as of March 31, 2022, were CNY 2,180,540,377.03, a decrease from CNY 2,444,685,572.37 at the end of 2021[18] - The company's total equity as of March 31, 2022, was CNY 3,706,806,842.97, slightly up from CNY 3,704,849,082.60 at the end of 2021[18] Cash Flow - Cash and cash equivalents as of March 31, 2022, amounted to CNY 1,933,429,063.40, a decrease from CNY 2,034,281,602.65 at the end of 2021[16] - The company's operating cash flow net amount was negative CNY 47,431,272.25, an improvement compared to negative CNY 265,285,736.67 in Q1 2021[25] - The total cash and cash equivalents at the end of Q1 2022 stood at $1,887,140,193.94, down from $2,163,242,087.55 at the end of Q1 2021, showing a decrease of approximately 12.7% year-over-year[26] - The net increase in cash and cash equivalents for Q1 2022 was -$102,784,828.29, compared to -$312,189,192.54 in Q1 2021, indicating an improvement in cash management despite negative cash flow[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,821[10] - The largest shareholder, Century Sunshine Holdings Group Limited, held 32.99% of the shares[11] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 938,708,919.32, down 1.0% from CNY 947,933,726.72 in Q1 2021[19] - Research and development expenses for Q1 2022 were CNY 29,422,564.49, down from CNY 34,765,807.96 in Q1 2021, reflecting a decrease of approximately 15.5%[20] - The company's sales expenses increased to CNY 118,655,076.37 from CNY 115,281,826.21, marking an increase of about 2.1% year-over-year[20] - The company reported a tax expense of CNY 3,482,696.07 in Q1 2022, down from CNY 33,237,449.03 in Q1 2021, a decrease of approximately 89.5%[20] Investment Activities - The company reported a decrease in cash flow from investment activities, with cash outflows of $810,626,723.88 in Q1 2022, compared to $916,468,292.50 in Q1 2021, reflecting a reduction in investment spending[26] - Investment activities generated a net cash flow of -$17,246,806.09 in Q1 2022, compared to -$9,712,194.59 in Q1 2021, indicating a decline in investment performance[26] - The company’s total cash outflows for investment activities were $810,626,723.88 in Q1 2022, down from $916,468,292.50 in Q1 2021, indicating a strategic reduction in capital expenditures[26] Financing Activities - Cash inflows from financing activities were $17,660,150.92 in Q1 2022, a significant increase from $5,090,626.25 in Q1 2021, indicating improved access to financing[26] - Cash outflows for financing activities totaled $55,519,979.40 in Q1 2022, compared to $38,833,632.18 in Q1 2021, representing a 42.9% increase in cash outflows[26] - The company’s cash inflow from borrowing was $17,660,150.92 in Q1 2022, a notable increase from $710,136.00 in Q1 2021, highlighting a strategic shift towards leveraging debt[26] Other Financial Metrics - The weighted average return on equity was 0.09%, a decrease of 4.45 percentage points year-on-year[4] - The company reported a 45.38% decrease in prepayments, primarily due to increased settlement of prepaid goods[8] - The company experienced a 90.64% increase in construction in progress, mainly due to higher expenditures on house renovations[8] - Inventory as of March 31, 2022, was CNY 846,880,580.52, down from CNY 886,598,113.75 at the end of 2021[16] - Accounts receivable as of March 31, 2022, were CNY 937,484,142.01, a decrease from CNY 976,383,845.89 at the end of 2021[16] - The company held 39,478,064 shares in its repurchase account as of March 31, 2022[12] - The company reported a decrease in short-term borrowings to CNY 71,002,852.93 from CNY 70,807,163.37 at the end of 2021[17] - Other comprehensive income after tax for Q1 2022 was CNY 569,560.91, compared to CNY 3,095,384.05 in Q1 2021, indicating a decrease of approximately 81.6%[21] - Investment income for Q1 2022 was CNY 5,897,635.89, slightly up from CNY 5,787,602.89 in Q1 2021, reflecting an increase of about 1.9%[20] - The impact of exchange rate fluctuations on cash and cash equivalents was -$246,921.47 in Q1 2022, compared to -$3,448,255.35 in Q1 2021, suggesting reduced volatility in foreign exchange impacts[26]