*ST园城(600766) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 497,090.11, a decrease of 98.95% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 806,342.72, representing a decline of 135.48% year-on-year[5]. - The basic earnings per share for Q1 2022 was -CNY 0.0036, a decrease of 136.00% year-on-year[6]. - Net profit for Q1 2022 was -806,342.72, a decrease from a net profit of 2,272,722.06 in Q1 2021[17]. - Operating profit for Q1 2022 was -1,099,350.08, down from 2,384,533.90 in Q1 2021[16]. - The weighted average return on equity was -1.39%, a decrease of 5.41 percentage points compared to the previous year[6]. Cash Flow - The net cash flow from operating activities was negative CNY 9,322,751.13, a decrease of 761.92% compared to the previous year[5]. - In Q1 2022, the cash inflow from operating activities was CNY 8,355,800.81, a significant decrease of 86.4% compared to CNY 61,349,450.86 in Q1 2021[18]. - The cash outflow from operating activities totaled CNY 17,678,551.94, down from CNY 62,431,081.75 in the previous year, resulting in a net cash flow from operating activities of -CNY 9,322,751.13[20]. - The company experienced a net decrease in cash and cash equivalents of CNY 11,422,001.22 in Q1 2022, contrasting with an increase of CNY 3,394,944.45 in Q1 2021[21]. - The company reported cash inflow from financing activities of CNY 14,210,000.00, while cash outflow from financing activities was CNY 2,099,250.09, leading to a net cash flow of -CNY 2,099,250.09[20]. Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 141,630,085.98, down 1.52% from the end of the previous year[6]. - Total liabilities for Q1 2022 were 84,088,393.74, compared to 85,467,810.08 in Q1 2021[14]. - Current liabilities totaled 83,959,871.29 in Q1 2022, a decrease from 85,339,287.63 in Q1 2021[14]. - The total cash and cash equivalents at the end of Q1 2022 were CNY 454,304.42, a decrease of 92.9% from CNY 6,433,281.08 at the end of Q1 2021[21]. - The company’s total non-current assets amounted to 109,155,820.11 in Q1 2022, compared to 35,161,431.33 in Q1 2021[14]. Operational Insights - The company's revenue decline was primarily due to reduced demand for steel caused by local pandemic impacts and a change in accounting method for steel trading from gross to net[10]. - Accounts receivable increased by 616.94%, indicating a rise in receivables during the period[6]. - The company anticipates a gradual recovery in steel revenue as the pandemic situation improves and the construction industry resumes operations[10]. - Payments to employees decreased to CNY 292,921.87 from CNY 785,502.91, reflecting a reduction of 62.7%[20]. - The total cash outflow for purchasing goods and services was CNY 16,895,590.26, down from CNY 60,980,096.93 in the previous year[20].