Shandong Daye (SH:603278)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥881,676,890.29, representing a decrease of 23.26% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥29,760,235.45, a decline of 156.58% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥44,502,050.54, down 187.30% from the previous year[4]. - The company reported a net loss for Q1 2022, with total operating costs exceeding total operating revenue[18]. - In Q1 2022, the company reported a net profit of -29,760,235.45 RMB, a significant decrease compared to a net profit of 52,595,816.52 RMB in Q1 2021, representing a decline of approximately 156.5%[19]. - Operating profit for Q1 2022 was -33,456,339.18 RMB, compared to an operating profit of 55,225,556.36 RMB in the same period last year, indicating a decline of around 160.7%[19]. - Basic and diluted earnings per share for Q1 2022 were both -0.1 RMB, compared to 0.18 RMB in Q1 2021, indicating a decline of 155.6%[20]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥6,650,454,696.11, a decrease of 1.74% from the end of the previous year[5]. - Total assets as of March 31, 2022, were ¥6,650,454,696.11, down from ¥6,768,254,555.01 at the end of 2021, a decrease of 1.7%[16]. - Total liabilities decreased to ¥4,832,845,147.69 in Q1 2022 from ¥4,924,309,231.84 in Q4 2021, a reduction of 1.9%[16]. - The company's equity attributable to shareholders was ¥1,817,609,548.42 as of March 31, 2022, down from ¥1,843,945,323.17 at the end of 2021, a decrease of 1.4%[16]. Cash Flow and Financial Activities - The net cash flow from operating activities was ¥44,831,902.63, indicating a positive cash flow situation[4]. - The net cash flow from operating activities for Q1 2022 was 44,831,902.63 RMB, a turnaround from a negative cash flow of -101,659,854.95 RMB in Q1 2021[23]. - The total cash inflow from financing activities in Q1 2022 was 449,669,572.22 RMB, compared to 400,553,705.56 RMB in Q1 2021, reflecting an increase of about 12.2%[24]. Income and Expenses - The company experienced a 320.07% increase in financial expenses, primarily due to increased interest expenses[8]. - The company incurred financial expenses of 35,433,990.81 RMB in Q1 2022, a significant increase from 8,435,305.54 RMB in Q1 2021, marking an increase of approximately 320.5%[19]. - The company reported a 636.74% increase in other income, mainly from government subsidies[8]. - The company reported investment income of 2,001,030.83 RMB in Q1 2022, compared to 141,973.47 RMB in Q1 2021, representing an increase of approximately 1,307.5%[19]. Inventory and Receivables - Accounts receivable decreased to ¥1,125,086,233.16 in Q1 2022 from ¥1,227,434,869.28 in Q4 2021, reflecting a reduction of 8.3%[14]. - Inventory increased slightly to ¥678,933,014.44 in Q1 2022 from ¥671,183,086.28 in Q4 2021, indicating a growth of 1.2%[14]. - The company’s prepayments increased by 90.96%, mainly due to increased prepayments for procurement[7]. Cash and Cash Equivalents - Cash and cash equivalents as of March 31, 2022, were ¥932,584,567.67, a decrease of 11.6% from ¥1,055,208,534.17 at the end of 2021[14]. - Cash and cash equivalents at the end of Q1 2022 stood at 58,647,109.45 RMB, down from 271,725,520.26 RMB at the end of Q1 2021, a decrease of about 78.4%[24].