TIANMA TECH(SH:603668)2022-04-20 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,469,146,653.74, representing a year-on-year increase of 54.80%[5] - The net profit attributable to shareholders was CNY 38,446,861.25, showing a significant increase of 108.62% compared to the same period last year[5] - The net profit for Q1 2022 was CNY 48,770,400.03, an increase of 40.2% compared to CNY 34,792,435.85 in Q1 2021[22] - The operating profit for Q1 2022 was CNY 60,774,485.49, up from CNY 44,499,506.57 in the same period last year, reflecting a growth of 36.5%[22] - The total profit for Q1 2022 reached CNY 59,623,687.56, compared to CNY 44,168,980.40 in Q1 2021, marking an increase of 35.0%[22] - The total comprehensive income for Q1 2022 was CNY 48,108,010.45, compared to CNY 35,501,744.89 in Q1 2021, reflecting an increase of 35.5%[22] Cash Flow - The net cash flow from operating activities was negative at CNY -143,387,614.43, reflecting a decrease of 233.22% year-on-year[5] - Cash inflow from operating activities in Q1 2022 was CNY 1,369,473,132.53, slightly down from CNY 1,392,347,492.97 in Q1 2021[26] - The net cash flow from investing activities in Q1 2022 was -CNY 228,035,264.30, an improvement compared to -CNY 402,367,681.42 in Q1 2021[27] - The net cash flow from financing activities for Q1 2022 was CNY 187,954,099.42, compared to CNY 125,669,708.12 in Q1 2021, indicating a growth of 49.7%[27] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,566,438,591.96, an increase of 8.27% from the end of the previous year[7] - Total liabilities rose to CNY 3,298,952,457.17 in Q1 2022, compared to CNY 2,920,484,938.76 in Q1 2021, indicating a 13% increase[18] - The company's cash and cash equivalents as of March 31, 2022, amount to approximately RMB 403.86 million, down from RMB 570.92 million at the end of 2021[15] - Total current assets increased to approximately RMB 2.71 billion as of March 31, 2022, compared to RMB 2.56 billion at the end of 2021, reflecting a growth of about 5.5%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,252[10] - The largest shareholder, Chen Qingtang, holds 86,557,557 shares, representing 19.85% of the total shares[10] - Fujian Tianma Investment Development Co., Ltd. holds 54,353,026 shares, accounting for 12.46% of the total shares[10] - The company repurchased 6,887,763 shares, representing 1.58% of the total share capital, for the purpose of implementing an equity incentive plan[12] - The number of shares held by the top ten shareholders includes significant stakes from both individual and institutional investors, indicating a diverse ownership structure[10] Expenses - Research and development expenses increased by 64.07%, indicating a focus on enhancing feed research and development[8] - The company reported a 56.85% increase in operating costs, primarily due to higher sales volumes[8] - The company experienced a 150.05% rise in financial expenses, attributed to increased borrowing costs and new lease liabilities[8] - The total operating costs for Q1 2022 were CNY 1,395,162,901.10, up from CNY 894,568,262.14 in Q1 2021, indicating a 56% increase[21] - Research and development expenses rose to CNY 26,448,602.08 in Q1 2022, compared to CNY 16,119,886.64 in Q1 2021, reflecting a 64% increase[21] Equity - The equity attributable to shareholders increased to CNY 1,889,204,430.35, marking a growth of 2.04% compared to the previous year[7] - The total equity attributable to shareholders rose to CNY 1,889,204,430.35 in Q1 2022, up from CNY 1,851,513,600.55 in Q1 2021, reflecting a 2% increase[18] Strategic Developments - The company has not disclosed any significant new strategies or product developments in the current reporting period[13]