Kehua Holdings(SH:603161)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 546,062,582.48, representing a year-on-year increase of 7.99%[6] - The net profit attributable to shareholders of the listed company was a loss of CNY 16,600,026.19, a decrease of 155.30% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 21,003,842.49, a decrease of 183.84% year-on-year[6] - The basic and diluted earnings per share were both CNY -0.12, a decrease of 152.17% year-on-year[6] - The company reported a net profit of -16,651,618.73 RMB for Q1 2022, compared to a net profit of 30,015,570.24 RMB in Q1 2021, indicating a significant decline[21] - Operating profit for Q1 2022 was -18,249,197.55 RMB, down from 29,798,373.55 RMB in the same period last year[21] - The company incurred a total comprehensive loss of -16,702,211.63 RMB in Q1 2022, compared to a total comprehensive income of 29,989,200.65 RMB in Q1 2021[21] - The net profit for Q1 2022 was a loss of CNY 8,155,309.67, compared to a profit of CNY 29,147,830.29 in Q1 2021, indicating a significant decline[31] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 106,908,605.71, an increase of 309.04% compared to the previous year[6] - Cash flow from operating activities generated a net inflow of 106,908,605.71 RMB, an increase from 26,136,432.88 RMB in Q1 2021[22] - The company reported a decrease in operating cash outflows, totaling 571,775,331.84 RMB in Q1 2022, compared to 583,677,339.42 RMB in Q1 2021[22] - The company's total liabilities increased, with cash outflows from financing activities resulting in a net cash outflow of -33,395,502.68 RMB in Q1 2022[23] - The ending balance of cash and cash equivalents was ¥117,280,716.40, down from ¥397,176,301.38 at the end of Q1 2021, a decrease of approximately 70.5%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,848,972,932.71, a decrease of 3.83% from the end of the previous year[7] - The equity attributable to shareholders of the listed company was CNY 1,229,178,912.11, a decrease of 1.19% from the end of the previous year[7] - Total current assets decreased to CNY 1,727,180,008.83 in Q1 2022 from CNY 1,819,111,412.24 in Q4 2021, a decline of 5.1%[15] - Total liabilities decreased to CNY 2,609,873,747.81 in Q1 2022 from CNY 2,758,110,226.56 in Q4 2021, a reduction of 5.4%[16] - The total assets decreased from CNY 3,864,823,025.03 in the previous year to CNY 3,672,200,320.13 in Q1 2022, a reduction of approximately 5%[27] - The total liabilities decreased from CNY 2,629,296,551.33 to CNY 2,443,248,351.08, reflecting a decline of about 7.1%[27] Operational Efficiency - Total operating costs for Q1 2022 were CNY 548,563,959.23, up 13.9% from CNY 481,221,231.17 in Q1 2021[19] - Gross profit margin decreased to approximately 0.4% in Q1 2022 from 4.8% in Q1 2021[19] - The decrease in net profit was primarily due to rising raw material costs and delayed adjustments in sales prices, leading to reduced gross margins[8] - Accounts receivable increased to CNY 566,601,838.17 in Q1 2022, compared to CNY 549,422,399.94 in Q4 2021, reflecting a growth of 3.2%[15] - Inventory decreased to CNY 545,937,132.31 in Q1 2022 from CNY 626,020,088.73 in Q4 2021, a decline of 12.8%[15] Government Support and Other Income - The company received government subsidies amounting to CNY 6,042,162.75 during the reporting period[8] - The company reported a significant increase in other income, rising from CNY 5,086,124.75 to CNY 5,960,575.54, an increase of about 17.2%[31] Research and Development - Research and development expenses for Q1 2022 were CNY 13,765,598.19, slightly up from CNY 13,594,333.69 in Q1 2021, indicating a focus on innovation[31]