百达精工(603331) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 308,320,415.11, representing a year-on-year increase of 3.33%[4] - The net profit attributable to shareholders decreased by 43.28% to CNY 16,525,214.37 compared to the same period last year[4] - The basic earnings per share decreased by 43.75% to CNY 0.09[5] - Net profit for Q1 2022 was CNY 16,253,973.56, a decrease of 43.8% from CNY 28,930,945.17 in Q1 2021[23] - Operating profit for Q1 2022 was CNY 19,054,280.39, down 46.3% from CNY 35,380,868.85 in Q1 2021[23] Cash Flow - The net cash flow from operating activities increased significantly by 826.64% to CNY 43,591,008.23, compared to a negative value in the same period last year[5] - Cash flow from operating activities for Q1 2022 was CNY 43,591,008.23, a significant improvement from a negative cash flow of CNY -5,998,966.24 in Q1 2021[27] - The net cash flow from investing activities was -$49,600,293.03 for Q1 2022, compared to -$82,197,324.74 in Q1 2021, indicating an improvement[28] - Cash inflow from financing activities totaled $154,147,163.20 in Q1 2022, up from $119,770,040.28 in Q1 2021, reflecting increased borrowing[28] - The company reported a net increase in cash and cash equivalents of $6,319,402.83 in Q1 2022, contrasting with a decrease of $48,933,087.68 in Q1 2021[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,044,763,174.61, a decrease of 2.22% from the end of the previous year[5] - The company's current assets totaled RMB 890,778,957.47, down from RMB 944,037,057.24 at the end of 2021, indicating a decline of approximately 5.6%[18] - Total liabilities as of Q1 2022 were CNY 1,057,527,347.08, down from CNY 1,120,230,988.51 in the previous year[20] - The total current liabilities were RMB 729,305,945.62, down from RMB 793,429,813.24, showing a reduction of approximately 8.1%[19] - The company reported a total of RMB 239,214,115.41 in non-current liabilities, which increased slightly from RMB 237,560,824.99[19] Expenses - The company reported a significant decrease in sales expenses by 71.46%, attributed to adjustments in accounting standards[9] - The company experienced a 31.54% increase in financial expenses due to an increase in bank loans during the reporting period[9] - Total operating costs for Q1 2022 were CNY 287,536,833.61, up 9.3% from CNY 262,962,938.78 in Q1 2021[22] - Research and development expenses for Q1 2022 were CNY 9,958,646.01, an increase from CNY 8,921,783.32 in Q1 2021[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,997[12] - Total equity as of Q1 2022 was CNY 987,235,827.53, an increase from CNY 970,975,902.43 in the previous year[20] Convertible Bonds - The cumulative investment in the "Annual Production of 10 Million High-Efficiency Energy-Saving Compressor New Material Core Components Project" reached RMB 496,586,500, with RMB 279,369,400 raised from convertible bonds[15] - As of March 31, 2022, the outstanding amount of convertible bonds not yet converted was RMB 279,932,000, representing 99.9757% of the total issued convertible bonds[15] - The company paid interest on convertible bonds at a rate of 0.60%, amounting to RMB 0.60 per bond for the period from March 11, 2021, to March 10, 2022[15] - The company adjusted the conversion price of its convertible bonds from RMB 16.39 to RMB 11.34 per share due to profit distribution plans[14] Accounting Standards - The company did not apply the new accounting standards starting from 2022[28]