长城军工(601606) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥255,538,007.90, representing a year-on-year increase of 61.85%[6] - The net profit attributable to shareholders was -¥29,939,035.48, showing a decrease of 6.48% compared to the same period last year[6] - The net cash flow from operating activities was -¥165,252,280.75, a significant decline of 98.66% year-on-year[6] - The company's basic earnings per share for the period was -¥0.04, unchanged from the previous year[6] - Total revenue for Q1 2022 was ¥255,538,007.90, a 62% increase from ¥157,883,731.61 in Q1 2021[27] - Operating profit for Q1 2022 was -¥30,079,693.22, an improvement from -¥32,509,690.02 in Q1 2021[27] - Net loss for Q1 2022 was -¥30,323,585.32, compared to a net loss of -¥32,470,971.27 in Q1 2021, showing a reduction in losses[30] - The total comprehensive loss for Q1 2022 was -¥30,325,097.34, compared to -¥32,470,611.30 in Q1 2021, indicating an improvement[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,069,508,802.87, down 3.50% from the end of the previous year[9] - As of March 31, 2022, the company's total assets amounted to approximately CNY 4.07 billion, a decrease from CNY 4.22 billion as of December 31, 2021, representing a decline of about 3.6%[19] - The company's cash and cash equivalents decreased to CNY 442.73 million from CNY 631.52 million, reflecting a decline of approximately 29.9%[19] - Accounts receivable increased slightly to CNY 1.13 billion from CNY 1.13 billion, showing a marginal increase of 0.1%[19] - Inventory rose to CNY 670.93 million, up from CNY 617.39 million, indicating an increase of about 8.7%[19] - Total current liabilities decreased to CNY 1.13 billion from CNY 1.24 billion, a reduction of approximately 9.0%[24] - The company's total liabilities decreased to CNY 1.52 billion from CNY 1.64 billion, reflecting a decline of about 7.2%[24] - The total equity attributable to shareholders decreased to CNY 2.53 billion from CNY 2.56 billion, a decrease of approximately 1.5%[24] Costs and Expenses - The company's operating costs increased by 79.07% due to the rise in military product revenue[10] - Total operating costs for Q1 2022 were ¥299,572,187.96, up from ¥202,430,732.93 in Q1 2021, representing a 48% increase[27] - Research and development expenses for Q1 2022 were ¥22,485,933.52, slightly up from ¥22,002,755.96 in Q1 2021[27] - Sales expenses decreased to ¥5,531,896.44 in Q1 2022 from ¥7,793,143.37 in Q1 2021, a reduction of approximately 29%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,404[12] - The largest shareholder, Anhui Military Industry Group Holding Co., Ltd., held 58.89% of the shares[14] Government Support and Subsidies - The company received government subsidies amounting to ¥7,599,165.94, which are closely related to its normal business operations[10] - Other income for Q1 2022 was ¥7,599,165.94, an increase from ¥5,132,380.10 in Q1 2021, reflecting a growth of about 48%[27] Cash Flow and Financing Activities - Cash flow from operating activities for Q1 2022 was -¥165,252,280.75, worsening from -¥83,184,559.63 in Q1 2021[34] - Cash outflow from investment activities totaled $60,253,935.42, with a net cash flow from investment activities of -$29,900,335.42[37] - Cash inflow from financing activities amounted to $115,000,000.00, while cash outflow from financing activities was $108,883,655.03, resulting in a net cash flow from financing activities of $6,116,344.97[37] - The net increase in cash and cash equivalents was -$106,968,550.08, leading to an ending balance of $460,498,167.42[37] - The company reported a significant cash outflow of $190,399,545.69 during the period[37] - The company acquired loans totaling $115,000,000.00, while debt repayment amounted to $105,000,000.00[37] - The cash paid for fixed assets, intangible assets, and other long-term assets was $30,253,935.42[37] - The company’s cash flow from investment activities was negative, indicating a focus on long-term investments[37] - The company’s cash flow management reflects a strategic approach to financing and investment despite negative net cash flows[37] Strategic Focus - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments[17] - The company has not disclosed any significant mergers or acquisitions during the reporting period[17] Accounting Standards - The company did not apply the new accounting standards starting from 2022[37]