Secote co.ltd(SH:603283)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was ¥423,376,995.02, representing a year-over-year increase of 34.97%[6] - Net profit attributable to shareholders was ¥26,081,414.20, up 39.93% compared to the same period last year[6] - Basic earnings per share increased by 40.00% to ¥0.14[6] - Total operating revenue for Q1 2022 reached ¥423,376,995.02, a 35% increase from ¥313,690,082.88 in Q1 2021[31] - Net profit for Q1 2022 was ¥27,613,081.62, compared to ¥19,219,282.53 in Q1 2021, representing a 43.5% growth[35] - Comprehensive income for Q1 2022 totaled ¥21,452,776.07, compared to ¥13,086,075.04 in Q1 2021, reflecting a significant increase[35] Cash Flow - The net cash flow from operating activities decreased by 79.00% to ¥76,969,158.56, primarily due to reduced cash receipts from sales[6][12] - Cash inflow from operating activities for Q1 2022 was $796,052,686.63, a decrease of 9.25% compared to $877,319,867.68 in Q1 2021[40] - Cash outflow from operating activities for Q1 2022 was $719,083,528.07, an increase of 40.76% compared to $510,879,443.95 in Q1 2021[40] - Net cash flow from operating activities for Q1 2022 was $76,969,158.56, a significant decrease of 78.96% compared to $366,440,423.73 in Q1 2021[40] - Cash inflow from investing activities for Q1 2022 was $47,695,952.94, down from $99,545,000.00 in Q1 2021[43] - Cash outflow from investing activities for Q1 2022 was $108,989,019.40, an increase of 16.56% compared to $93,162,877.04 in Q1 2021[43] - Net cash flow from investing activities for Q1 2022 was -$61,293,066.46, compared to $6,382,122.96 in Q1 2021[43] - Cash inflow from financing activities for Q1 2022 was $163,078,800.00, a decrease of 29.93% compared to $232,514,681.12 in Q1 2021[43] - Cash outflow from financing activities for Q1 2022 was $139,782,556.43, a decrease of 42.49% compared to $242,637,415.71 in Q1 2021[43] - Net cash flow from financing activities for Q1 2022 was $23,296,243.57, compared to -$10,122,734.59 in Q1 2021[43] - The ending cash and cash equivalents balance for Q1 2022 was $357,891,314.82, down from $650,772,979.60 in Q1 2021[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,757,689,958.94, a slight increase of 0.67% from the end of the previous year[9] - Total current assets decreased to ¥2,532,908,882.02 from ¥2,559,683,477.72 year-over-year[23] - Inventory as of March 31, 2022, is ¥906,783,517.98, up from ¥833,152,687.30 at the end of 2021[23] - Total liabilities as of March 31, 2022, amounted to ¥2,311,704,851.01, slightly up from ¥2,308,915,993.37 at the end of 2021[28] - Total current liabilities increased to ¥2,003,136,988.97 from ¥1,977,503,306.09 year-over-year[25] - Short-term borrowings as of March 31, 2022, are ¥665,975,126.50, up from ¥627,540,074.50 at the end of 2021[25] - The company reported a decrease in accounts payable to ¥402,918,443.23 from ¥475,773,689.42 year-over-year[25] - The company has a goodwill amounting to ¥364,910,592.73, unchanged from the previous year[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,658[16] - The largest shareholder, Sun Feng, holds 93,896,213 shares, accounting for 51.63% of total shares[16] Research and Development - Research and development expenses for Q1 2022 were ¥51,597,249.73, up from ¥42,016,468.59 in Q1 2021, marking a 22.8% increase[31] Government Support - The company received government subsidies amounting to ¥5,592,012.40 during the period[10] Strategic Initiatives - The company strategically increased its raw material prepayments by 61.83% to mitigate supply chain risks[12] - The company plans to invest in new machinery and equipment to enhance product quality and market competitiveness[12] Return on Equity - The weighted average return on equity rose by 0.38 percentage points to 1.89%[9]