广誉远(600771) - 2022 Q1 - 季度财报

Financial Summary Key Performance Indicators The company reported strong Q1 2022 performance, marked by significant revenue and net profit growth, enhanced core business profitability, and positive operating cash flow | Indicator | Current Reporting Period (Yuan) | Year-over-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 237,849,277.50 | 25.16% | | Net Profit Attributable to Shareholders of the Listed Company | 7,757,820.03 | 50.06% | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-recurring Gains and Losses | 7,446,246.03 | 610.56% | | Net Cash Flow from Operating Activities | 60,616,662.84 | Not Applicable | | Basic Earnings Per Share (Yuan/share) | 0.02 | 100.00% | | Weighted Average Return on Net Assets | 0.37% | Increased by 0.16 percentage points | - Total non-recurring gains and losses for the current period amounted to 311,574.00 Yuan, primarily from government grants[9][11] Analysis of Changes in Key Accounting Data and Financial Indicators The reporting period saw significant changes across financial indicators, including decreased receivables financing, increased contract liabilities, reclassified long-term borrowings, higher R&D expenses, and improved operating cash flow | Project Name | Change (%) | Primary Reason | | :--- | :--- | :--- | | Contract Liabilities | 61.16 | Increase in sales prepayments | | Employee Compensation Payable | -43.58 | Payment of accrued wages from previous year | | Non-current Liabilities Due Within One Year | 466.67 | Reclassification of 56 million Yuan long-term borrowings due within one year | | Long-term Borrowings | -80.00 | Reclassification of long-term borrowings due within one year | | Research and Development Expenses | 47.53 | Increased R&D investment in the reporting period | | Other Income | -92.42 | High base from large project renovation subsidies recognized in the prior year | | Net Cash Flow from Operating Activities | Not Applicable | Increase in sales collection and decrease in tax payments year-over-year | - The company's gross profit margin increased by 2.28 percentage points, primarily due to higher operating revenue and changes in product sales structure[13] Shareholder Information Major Shareholder Holdings As of the reporting period end, the company had 93,401 common shareholders, with Jin Chuang Investment Co., Ltd. as the largest, and the second largest, Xi'an Dongsheng Group Co., Ltd., having all its shares frozen - As of the end of the reporting period, the company had a total of 93,401 common shareholders[14] | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Percentage (%) | | :--- | :--- | :--- | :--- | | Jin Chuang Investment Co., Ltd. | State-owned Legal Entity | 71,508,968 | 14.53 | | Xi'an Dongsheng Group Co., Ltd. | Domestic Non-state-owned Legal Entity | 8,142,293 | 1.65 | | Jiang Shibo | Domestic Natural Person | 8,139,600 | 1.65 | - The 8,142,293 shares held by the second largest shareholder, Xi'an Dongsheng Group Co., Ltd., are entirely frozen[14] Financial Statements Consolidated Balance Sheet As of March 31, 2022, the company's total assets, liabilities, and equity attributable to owners of the parent company remained stable, reflecting a consistent asset-liability structure | Project | March 31, 2022 (Yuan) | December 31, 2021 (Yuan) | | :--- | :--- | :--- | | Total Assets | 3,101,389,484.59 | 3,102,482,555.59 | | Total Liabilities | 952,516,158.20 | 961,651,619.86 | | Total Equity Attributable to Owners of the Parent Company | 2,107,739,302.51 | 2,099,406,592.48 | - Among current assets, accounts receivable amounted to 1.17 billion Yuan, representing one of the company's most significant asset items[19] - Within current liabilities, notes payable and short-term borrowings are the main components, totaling 287 million Yuan and 246 million Yuan, respectively[21] Consolidated Income Statement In Q1 2022, the company achieved significant operating revenue growth despite rising costs, with controlled expenses leading to a substantial increase in operating profit and net profit attributable to parent company shareholders | Project | Q1 2022 (Yuan) | Q1 2021 (Yuan) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 237,849,277.50 | 190,029,084.46 | +25.16% | | Total Operating Costs | 226,518,435.06 | 186,815,917.72 | +21.25% | | Operating Profit | 11,614,753.15 | 7,328,585.74 | +58.49% | | Net Profit Attributable to Owners of the Parent Company | 7,757,820.03 | 5,169,889.88 | +50.06% | | Basic Earnings Per Share (Yuan/share) | 0.02 | 0.01 | +100% | - Selling expenses amounted to 111 million Yuan, representing the company's largest expense item and accounting for 48.95% of total operating costs[25] Consolidated Cash Flow Statement The company's cash flow significantly improved in Q1 2022, with net cash flow from operating activities turning positive due to increased sales collections, and net cash outflow from financing activities substantially narrowing | Project | Q1 2022 (Yuan) | Q1 2021 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 60,616,662.84 | -31,589,979.57 | | Net Cash Flow from Investing Activities | 971,044.18 | -7,392,074.85 | | Net Cash Flow from Financing Activities | -36,479,997.66 | -63,599,716.56 | | Net Increase in Cash and Cash Equivalents | 25,107,709.36 | -102,581,770.98 | - Operating cash inflow primarily stemmed from 292 million Yuan in cash received from sales of goods and rendering of services, a 13.8% year-over-year increase[32] - The decrease in cash outflow from financing activities was mainly due to 55 million Yuan in cash paid for debt repayment in the prior year, with no such expenditure in the current period[13][34]