恒顺醋业(600305) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was RMB 572,026,087.63, representing a year-on-year increase of 10.43%[4] - The net profit attributable to shareholders of the listed company was RMB 77,241,371.23, showing a slight decrease of 0.75% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 70,124,187.23, which increased by 1.85% year-on-year[4] - Total revenue for Q1 2022 was approximately ¥572 million, an increase of 10.4% compared to ¥518 million in Q1 2021[31] - Net profit for Q1 2022 was approximately ¥74 million, a decrease of 5.5% from ¥79 million in Q1 2021[35] - Operating profit for Q1 2022 was ¥81.13 million, a decrease of 5.36% from ¥86.04 million in Q1 2021[48] - Net profit for Q1 2022 was ¥68.79 million, down 4.45% from ¥72.18 million in Q1 2021[48] - Total comprehensive income for the first quarter of 2022 was CNY 74,322,978.74, compared to CNY 78,611,080.51 in the same period of 2021, reflecting a decrease of approximately 3.3%[37] Cash Flow - The net cash flow from operating activities was negative at RMB -42,317,217.80, a significant decrease of 227.92% compared to the previous year[4] - Net cash flow from operating activities for Q1 2022 was negative CNY 42,317,217.80, a significant decline from positive CNY 33,081,555.01 in Q1 2021[40] - Total operating cash inflow for Q1 2022 was CNY 520,468,702.86, down from CNY 615,400,824.41 in Q1 2021, representing a decrease of about 15.4%[40] - Total operating cash outflow for Q1 2022 was CNY 562,785,920.65, compared to CNY 582,319,269.40 in Q1 2021, showing a decrease of approximately 3.0%[40] - Cash inflow from investment activities increased to CNY 394,104,333.51 in Q1 2022, up from CNY 225,419,452.05 in Q1 2021, marking an increase of approximately 74.8%[40] - Net cash flow from investment activities for Q1 2022 was CNY 158,206,980.43, a turnaround from negative CNY 38,738,853.31 in Q1 2021[40] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 388,835,624.66, compared to CNY 200,056,880.98 at the end of Q1 2021, indicating a year-over-year increase of approximately 94.3%[42] - The net increase in cash and cash equivalents was $72,000,931.90, contrasting with a decrease of $19,503,305.55 in the previous period[51] Assets and Liabilities - Total assets at the end of the reporting period were RMB 3,015,299,886.09, down 6.11% from the end of the previous year[4] - Total assets as of the reporting date were approximately ¥3.015 billion, down from ¥3.212 billion in the previous period[30] - Total liabilities amounted to approximately ¥752 million, a decrease from ¥963 million in the previous period[31] - Total liabilities decreased to ¥622.09 million in Q1 2022 from ¥781.68 million in Q1 2021, a reduction of 20.36%[46] - The company's total current assets as of March 31, 2022, were CNY 1,325,400,726.28, down from CNY 1,486,690,715.75 at the end of 2021, reflecting a decrease of about 10.8%[42] - The company's total current assets were approximately 1.269 billion yuan, a decrease of 14.3% from 1.482 billion yuan at the end of 2021[25] Equity and Investments - The equity attributable to shareholders of the listed company increased to RMB 2,233,119,455.92, reflecting a year-to-date increase of 2.88%[4] - The company's long-term equity investments increased to CNY 535,853,980.32 as of March 31, 2022, from CNY 478,877,239.24 at the end of 2021, indicating an increase of approximately 11.9%[42] - The company acquired an 8.7% stake in its subsidiary Zhenjiang Hengshun New Seasoning Co., Ltd. for a cash payment of 5.394 million yuan, increasing its ownership to 76.6%[15] - The company waived its right of first refusal for a 49% stake in Heilongjiang Hengshun Vinegar Brewing Co., Ltd., maintaining its 51% controlling stake[16] - The company plans to sell a 51% stake in Zhenjiang Hengshun Mall Co., Ltd. for 84.0812 million yuan, which will reduce its ownership to 49%[17] - The company transferred a 9% stake in Jiangsu Danhu Rural Microfinance Co., Ltd. to its controlling shareholder for 14.8711 million yuan, resulting in no remaining ownership[19] Research and Development - Research and development expenses increased to approximately ¥22 million in Q1 2022, compared to ¥18 million in Q1 2021, reflecting a growth of 22.3%[35] - Research and development expenses increased to ¥17.35 million in Q1 2022, up from ¥14.02 million in Q1 2021, reflecting a growth of 23.33%[48] Other Financial Metrics - The company reported a basic earnings per share of RMB 0.0778, unchanged from the previous year[4] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0778, slightly up from CNY 0.0776 in Q1 2021[37] - The weighted average return on net assets was 3.50%, a decrease of 0.26 percentage points compared to the previous year[4] - The company's inventory decreased to approximately 276.35 million yuan, down 27.1% from 379.01 million yuan at the end of 2021[25] - The company experienced a decrease in cash flow due to reduced payments received from product sales[7] - The deferred income increased significantly to ¥40.65 million in Q1 2022 from ¥24.44 million in Q1 2021, marking a growth of 66.36%[46] Regulatory and Accounting Changes - The company is awaiting approval from the China Securities Regulatory Commission for its non-public offering application, which is currently under review[22] - The company plans to raise up to 200 million yuan through a non-public offering of A-shares, with a maximum issuance of 130 million shares[20] - The company is under the new accounting standards since 2022, which may affect financial reporting and analysis going forward[53]