天洋新材(603330) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥319,075,879.03, representing a year-on-year increase of 41.84%[5] - The net profit attributable to shareholders was ¥1,020,104.87, a decrease of 94.53% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥574,907.95, reflecting a decline of 103.42%[5] - The basic earnings per share were ¥0.004, a decrease of 96.67% compared to the previous year[6] - Net profit for Q1 2022 was ¥1,396,788.10, a significant decrease of 92.2% compared to ¥17,844,611.75 in Q1 2021[21] - The company reported a total profit of ¥3,876,116.08 for Q1 2022, down from ¥24,323,737.80 in Q1 2021[21] Cash Flow - The net cash flow from operating activities was -¥76,270,199.36, down 77.78% year-on-year[5] - Cash flow from operating activities in Q1 2022 was negative at -¥76,270,199.36, compared to -¥42,900,389.04 in Q1 2021[24] - Cash inflow from operating activities totaled ¥228,752,221.54 in Q1 2022, an increase from ¥204,112,635.21 in Q1 2021[24] - Cash outflow from operating activities increased to ¥305,022,420.90 in Q1 2022, compared to ¥247,013,024.25 in Q1 2021[24] - The net cash flow from investing activities was -$116,760,858.44, compared to -$11,582,515.66 in the previous period, indicating a significant increase in cash outflow for investments[25] - The total cash outflow from investing activities was $163,821,929.55, significantly higher than $59,535,544.70 in the previous period, suggesting increased capital expenditures[25] - The cash and cash equivalents at the end of the period were $77,355,164.83, down from $315,482,733.20 in the previous period, indicating a decrease in liquidity[25] - The net increase in cash and cash equivalents was -$118,162,986.20, contrasting with an increase of $267,670,599.45 in the previous period, highlighting a cash depletion[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,897,048,210.39, an increase of 6.85% from the end of the previous year[6] - The company's total liabilities increased to RMB 757.05 million from RMB 638.89 million year-on-year[18] - Total current assets as of March 31, 2022, amounted to RMB 1,033.07 million, compared to RMB 966.11 million at the end of 2021[16] - Cash and cash equivalents decreased to RMB 87.55 million from RMB 207.33 million at the end of 2021[16] Revenue Breakdown - The sales revenue of solar packaging film increased by 149.99% year-on-year, while wall fabric sales grew by 35.56%[10] - Revenue from photovoltaic encapsulation adhesive film reached RMB 127.80 million, a significant increase of 149.99% compared to the same period last year[14] - Total operating revenue for Q1 2022 reached ¥319,075,879.03, a 42% increase from ¥224,954,709.71 in Q1 2021[20] - Total operating costs for Q1 2022 were ¥313,094,303.43, up 55.5% from ¥201,360,068.72 in Q1 2021[21] Cost and Expenses - The increase in material costs by 29.6% year-on-year contributed to the decline in gross profit margin[10] - The unit cost of solar encapsulation adhesive film decreased by 16.47% year-on-year, contributing to improved production management[15] - Total operating expenses as a percentage of revenue decreased from 19.22% to 14.08% year-on-year, despite a 40% increase in sales revenue[15] - Research and development expenses for Q1 2022 were ¥8,916,245.45, up 35.5% from ¥6,580,865.26 in Q1 2021[21] Future Outlook - The company's gross margin is expected to recover in the future as the inventory of raw materials prepared at the end of 2021 is consumed[14] - The company plans to continue optimizing production processes and enhancing operational efficiency to support future growth[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,088[12] Accounting Standards - The company did not apply the new accounting standards starting from 2022, as indicated in the report[25]