祥和实业(603500) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥143,885,859.86, representing a 41.81% increase compared to ¥101,463,738.79 in the same period last year[5] - The net profit attributable to shareholders decreased by 39.01% to ¥11,495,366.92 from ¥18,848,888.18 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 41.78% to ¥10,214,401.78 compared to ¥17,544,086.47 in the previous year[5] - The basic earnings per share decreased by 37.50% to ¥0.05 from ¥0.11 in the same period last year[6] - The weighted average return on equity decreased by 0.88 percentage points to 1.30% from 2.18% year-on-year[6] - Net profit for Q1 2022 was ¥13,699,130.85, a decrease of 27.5% compared to ¥18,864,065.10 in Q1 2021[21] - Operating profit decreased significantly to ¥9,473,569.96, down 43.4% from ¥16,696,270.78 in the same period last year[28] - Net profit for Q1 2022 was ¥8,039,530.21, representing a decline of 42.7% compared to ¥14,033,233.48 in Q1 2021[30] Cash Flow - The net cash flow from operating activities was negative at -¥34,940,415.11, a significant decline from -¥4,612,740.57 in the previous year, representing a decrease of 657.48%[6] - Cash inflow from operating activities in Q1 2022 totaled ¥111,350,617.57, compared to ¥75,650,162.51 in Q1 2021, reflecting a 47.2% increase[22] - Cash outflow from operating activities for Q1 2022 was ¥146,291,032.68, significantly higher than ¥80,262,903.08 in Q1 2021[22] - The net cash flow from operating activities for Q1 2022 was -34,940,415.11 RMB, compared to -4,612,740.57 RMB in Q1 2021, indicating a significant decline[23] - The net cash flow from investing activities was -5,839,420.93 RMB in Q1 2022, a decrease from -20,858,498.35 RMB in Q1 2021, reflecting improved cash management[23] - The company experienced a cash outflow from investing activities of -¥7,653,247.08, an improvement from -¥26,082,602.71 in Q1 2021[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,094,004,830.01, a slight increase of 0.84% from ¥1,084,845,039.81 at the end of the previous year[6] - The total assets as of Q1 2022 were ¥1,094,004,830.01, up from ¥1,084,845,039.81 at the end of Q1 2021[18] - Total liabilities decreased to ¥182,687,087.25 in Q1 2022 from ¥187,536,788.89 in Q1 2021[18] - The company's total assets amounted to 921,944,327.68 RMB as of March 31, 2022, a slight decrease from 931,974,863.23 RMB at the end of 2021[26] - The total liabilities decreased to 53,683,329.50 RMB as of March 31, 2022, down from 71,753,395.26 RMB at the end of 2021, indicating improved financial stability[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,236[12] - The top shareholder, Tang Youqian, holds 74,395,832 shares, representing 30.30% of the total shares[12] - The top ten shareholders include several family members of Tang Youqian, indicating a concentrated ownership structure[13] - The company holds 3,528,060 shares in a repurchase account, accounting for 1.44% of the total share capital[13] - The company plans to transfer shares amounting to 15.0218% of the total share capital, which will not change the controlling shareholder[14] Operational Insights - The increase in operating revenue was primarily driven by increased sales volume from the subsidiary Xiangfeng New Materials[10] - The decline in net profit was mainly due to rising procurement prices of raw materials and increased R&D expenditures by both the parent company and subsidiaries[10] - Research and development expenses increased to ¥5,882,466.57 in Q1 2022, compared to ¥2,901,598.05 in Q1 2021, marking a 102.5% rise[21] - Research and development expenses increased to ¥4,407,358.29, up 61.3% from ¥2,733,112.08 in Q1 2021, indicating a focus on innovation[28] Inventory and Current Assets - The company's cash and cash equivalents as of March 31, 2022, amount to ¥267,547,125.36, a decrease from ¥290,013,133.58 at the end of 2021[16] - Accounts receivable increased to ¥287,644,326.09 from ¥262,682,841.06 year-over-year[16] - The total current assets as of March 31, 2022, are ¥733,940,930.34, compared to ¥723,346,089.15 at the end of 2021[16] - The company's total current assets decreased to 502,889,033.54 RMB as of March 31, 2022, down from 515,905,904.77 RMB at the end of 2021[25] - The company's retained earnings increased to 246,467,652.69 RMB as of March 31, 2022, compared to 238,428,122.48 RMB at the end of 2021, indicating profitability retention[26] - The company reported a slight increase in inventory to ¥113,794,935.56 from ¥113,114,825.11 year-over-year[16] - Inventory levels slightly decreased to 83,839,067.41 RMB in Q1 2022 from 85,167,200.99 RMB in Q1 2021, reflecting efficient inventory management[25]