亿嘉和(603666) - 2022 Q1 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators In Q1 2022, operating revenue saw a slight 1.23% increase, while net profit attributable to shareholders declined 36.20% due to associate losses and reduced government grants, despite a strong 95.53% growth in operating cash flow Key Financial Data and Indicators | Indicator | Current Period (Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 193,442,178.51 | 1.23% | | Net Profit Attributable to Shareholders of Listed Company | 36,727,389.30 | -36.20% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-recurring Items | 20,731,711.95 | -43.89% | | Net Cash Flow from Operating Activities | 309,008,789.44 | 95.53% | | Basic Earnings Per Share (Yuan/share) | 0.18 | -37.15% | | Total Assets (Period-end) | 3,624,305,921.77 | 7.47% (vs. End of Previous Year) | | Equity Attributable to Parent Company Shareholders (Period-end) | 2,696,854,288.98 | 1.72% (vs. End of Previous Year) | - The decline in net profit was primarily due to operating losses from an associate company and reduced government grants[6] - The significant increase in operating cash flow was mainly due to the discounting of bank acceptance bills with banks during the reporting period, leading to increased cash collection from sales[6] Non-recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for the current period amounted to 15.9957 million Yuan, primarily from fair value changes in financial assets, government grants, and entrusted investment gains Non-recurring Gains and Losses | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Fair Value Change Gains/Losses from Financial Assets Held for Trading, etc. | 8,212,278.10 | | Government Grants Recognized in Current Period P/L | 6,268,598.61 | | Gains/Losses from Entrusted Investments or Asset Management | 4,298,231.61 | | Total | 15,995,677.35 | Explanation of Major Financial Indicator Changes Significant changes in financial indicators include an 86.56% increase in trading financial assets, a 93.02% decrease in accounts receivable financing, a 146.01% rise in short-term borrowings, a 143.80% decline in investment income, and a 384.07% surge in fair value change income - Key Balance Sheet Changes: - Trading Financial Assets: +86.56%, primarily due to increased purchases of structured deposits[9] - Financing for Accounts Receivable: -93.02%, mainly due to bank acceptance bill discounting[9] - Development Expenditures: +141.96%, primarily due to increased capitalized R&D expenses[9] - Short-term Borrowings: +146.01%, mainly due to increased short-term bank working capital borrowings[9] - Key Income Statement Changes: - Investment Income: -143.80%, primarily due to operating losses from an associate company[9] - Fair Value Change Income: +384.07%, mainly due to increased interest income recognized from structured deposits[9][10] - Financial Expenses: +99.54%, primarily due to increased handling fees and interest from bank acceptance bill discounting[10] Shareholder Information Shareholding Status of Shareholders As of the reporting period end, the company had 8,279 common shareholders, with top shareholder Zhu Fuyun holding 29.69% and having related party or concerted action relationships with Nanjing Ruibei and Zhang Jing, while several top ten shareholders have pledged their equity - The total number of common shareholders at the end of the reporting period was 8,279[12] Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage (%) | Pledged Shares Quantity | | :--- | :--- | :--- | | Zhu Fuyun | 29.69% | 12,500,000 | | Nanjing Ruibei Venture Capital Management Center | 12.35% | 5,500,000 | | Nanjing Shijie Enterprise Management Consulting Partnership | 4.49% | 4,704,000 | | Zhang Jing | 4.35% | 0 | | Hong Kong Securities Clearing Company Limited | 3.65% | Unknown | - Explanation of Shareholder Related Party Relationships: Nanjing Ruibei is an entity effectively controlled by Zhu Fuyun, and Zhang Jing is a concerted party of Zhu Fuyun[14] Other Reminders The company actively advanced its 2022 equity incentive plan during the reporting period, which includes stock options and restricted shares, with the initial grant to incentive recipients approved and implemented on April 27 - From February to April 2022, the company reviewed, revised, and approved the "2022 Stock Option and Restricted Share Incentive Plan"[15] - On April 27, 2022, the company's Board of Directors and Supervisory Board approved the proposal for the initial grant of stock options and restricted shares to incentive recipients, and began implementation[16] Financial Statements Consolidated Balance Sheet As of March 31, 2022, total assets reached 3.624 billion Yuan, up 7.47% from year-end, driven by trading financial assets and short-term borrowings, while total liabilities increased 28.6% to 927 million Yuan, and equity attributable to shareholders slightly rose 1.72% to 2.697 billion Yuan Consolidated Balance Sheet Summary | Item | March 31, 2022 (Yuan) | December 31, 2021 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,624,305,921.77 | 3,372,484,940.47 | +7.47% | | Total Liabilities | 927,451,632.79 | 721,239,967.56 | +28.59% | | Equity Attributable to Parent Company Shareholders | 2,696,854,288.98 | 2,651,244,972.91 | +1.72% | - Asset growth primarily stemmed from trading financial assets, increasing from 592 million Yuan to 1.105 billion Yuan[18] - Liability growth was mainly due to short-term borrowings, rising from 175 million Yuan to 431 million Yuan[19] Consolidated Income Statement In Q1 2022, operating revenue reached 193 million Yuan, up 1.23% year-on-year, but operating profit and net profit declined due to investment income turning negative and significantly reduced non-operating income, resulting in a 36.20% decrease in net profit attributable to parent company shareholders to 36.73 million Yuan Consolidated Income Statement Summary | Item | Q1 2022 (Yuan) | Q1 2021 (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 193,442,178.51 | 191,098,930.95 | +1.23% | | Operating Profit | 35,247,559.79 | 42,195,862.94 | -16.47% | | Total Profit | 41,499,224.63 | 71,974,542.32 | -42.34% | | Net Profit Attributable to Parent Company Shareholders | 36,727,389.30 | 57,567,248.88 | -36.20% | - Investment income was -3.48 million Yuan, compared to 7.95 million Yuan in the prior year, primarily due to a 7.78 million Yuan investment loss from associates[22] - Research and development expenses decreased by 28.62% year-on-year, from 35.65 million Yuan to 25.45 million Yuan[22] Consolidated Cash Flow Statement Operating cash flow significantly increased by 95.53% to 309 million Yuan due to higher sales collections, while investing activities resulted in a 595 million Yuan net outflow from increased wealth management product purchases, and financing activities generated a 218 million Yuan net inflow from new bank borrowings Consolidated Cash Flow Statement Summary | Item | Q1 2022 (Yuan) | Q1 2021 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 309,008,789.44 | 158,032,955.66 | | Net Cash Flow from Investing Activities | -595,010,327.47 | -262,824,401.48 | | Net Cash Flow from Financing Activities | 217,948,055.86 | -10,411,197.24 | | Net Increase in Cash and Cash Equivalents | -68,103,470.49 | -115,236,159.02 | - Operating cash inflow primarily stemmed from "Cash received from sales of goods and services", totaling 497 million Yuan, a 46.88% year-on-year increase[24][25] - Cash outflow from investing activities was mainly "Cash paid for investments", amounting to 795 million Yuan, a 70.97% year-on-year increase[25] - Cash inflow from financing activities was primarily "Cash received from borrowings", totaling 229 million Yuan, compared to 0 Yuan in the prior year[25]