QIANHE(SH:603027)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was RMB 482,088,325.32, representing a year-on-year increase of 0.93%[2] - The net profit attributable to shareholders was RMB 55,233,734.25, reflecting a significant increase of 38.47% compared to the same period last year[2] - Basic earnings per share were RMB 0.0691, up by 38.48% from the previous year[2] - Operating profit for Q1 2022 increased to RMB 67,170,415.55, compared to RMB 55,869,387.27 in Q1 2021, reflecting a growth of approximately 20.5%[15] - Net profit for Q1 2022 was RMB 55,233,734.25, up from RMB 39,887,817.49 in Q1 2021, indicating an increase of around 38.5%[16] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.0691, compared to RMB 0.0499 in Q1 2021, marking an increase of approximately 38.5%[17] Cash Flow - The net cash flow from operating activities reached RMB 82,316,640.39, showing a remarkable increase of 661.6% year-on-year[2] - Cash inflow from operating activities was RMB 560,287,298.86, an increase from RMB 533,412,652.29 in the same period last year, representing a growth of about 5.0%[17] - Cash outflow from operating activities decreased to RMB 477,970,658.47 from RMB 522,604,278.60 in Q1 2021, a reduction of approximately 8.5%[17] - The net increase in cash and cash equivalents was -$18,967,850.66, compared to -$42,615,967.90 in the previous period[18] - Cash and cash equivalents at the end of the period totaled $177,987,496.36, down from $74,847,322.84 in the previous period[18] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 2,459,738,645.81, an increase of 2.66% from the end of the previous year[3] - The company's total liabilities as of March 31, 2022, are approximately 330.18 million RMB, compared to 323.60 million RMB at the end of 2021, indicating an increase of about 2.0%[14] - Current assets as of March 31, 2022, amount to approximately 1.12 billion RMB, a decrease from approximately 1.14 billion RMB at the end of 2021, representing a decline of about 1.7%[12] - The total assets of the company as of March 31, 2022, are approximately 2.46 billion RMB, an increase from approximately 2.40 billion RMB at the end of 2021, reflecting a growth of about 2.6%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,936[8] - The largest shareholder, Wu Chaoqun, held 37.09% of the shares, totaling 296,300,736 shares[8] - The company has a significant shareholder structure, with the largest shareholder holding approximately 296.3 million shares, representing a substantial portion of the total equity[9] Project Investments - The total investment for the "annual production of 600,000 tons of seasoning intelligent manufacturing project" is 1.26 billion RMB, with a construction period from January 2020 to December 2024[10] - As of March 31, 2022, the cumulative investment in the project has reached 344.55 million RMB[11] - The company has a plan to complete the first phase of production lines for 200,000 tons of soy sauce and 100,000 tons of cooking wine by the end of the first phase of the project[11] Expenses - Total operating costs decreased to RMB 418,175,793.65 from RMB 426,684,766.54 in the previous year, a reduction of about 2.4%[15] - Research and development expenses for Q1 2022 were RMB 12,521,766.92, down from RMB 14,405,514.27 in Q1 2021, a decrease of approximately 13.1%[15] - Sales expenses decreased significantly to RMB 72,606,176.98 from RMB 122,705,923.58 in the previous year, a reduction of about 40.9%[15] - Tax expenses for Q1 2022 were RMB 12,821,383.51, compared to RMB 8,318,056.33 in Q1 2021, reflecting an increase of about 54.5%[16] Non-Recurring Items - Non-recurring gains and losses included RMB 600,558.86 from the disposal of non-current assets and RMB 421,068.50 from entrusted investment management[4]