国晟科技(603778) - 2022 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators The company's Q1 2022 performance declined, with operating revenue decreasing by 27.03% year-over-year, and net profit attributable to parent company shareholders recording a loss of 10.15 million RMB, while operating cash flow was a net outflow and both total assets and shareholder equity slightly decreased compared to the end of the previous year Key Financial Indicators for Q1 2022 | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue (RMB) | 24,107,672.95 | -27.03 | | Net Profit Attributable to Parent Company Shareholders (RMB) | -10,148,849.20 | Not Applicable | | Net Cash Flow from Operating Activities (RMB) | -46,287,825.32 | Not Applicable | | Basic EPS (RMB/share) | -0.02 | Not Applicable | | Indicator | As of End of Current Period | Change from End of Previous Year (%) | | Total Assets (RMB) | 1,769,344,430.20 | -3.56 | | Total Equity Attributable to Parent Company Shareholders (RMB) | 1,176,502,516.47 | -3.59 | Non-recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to -1,360.00 RMB, primarily due to non-operating expenses such as vehicle fines Details of Non-recurring Gains and Losses | Item | Amount for Current Period (RMB) | Explanation | | :--- | :--- | :--- | | Other gain/loss items meeting the definition of non-recurring | -1,600.00 | Primarily due to vehicle fines during the current reporting period | | Less: Income tax impact | -240.00 | | | Total | -1,360.00 | | Analysis of Changes in Key Financial Indicators During the reporting period, several financial indicators showed significant changes, with operating revenue decreasing by 27.03% due to pandemic impacts, prepayments surging by 156.93% for new project procurement, treasury stock increasing by 279.83% due to share repurchases, and financial expenses significantly declining by 72.47% due to lower bank loan interest compared to the prior year, while net profit loss narrowed primarily due to a substantial reduction in credit impairment losses this period - Operating revenue decreased by 27.03%, primarily due to factors such as the pandemic[6] - The net loss attributable to parent company shareholders narrowed (year-over-year change not applicable), mainly due to a reduction in credit impairment losses recognized in the current period compared to the prior year[6] - Prepayments significantly increased by 156.93%, primarily for material procurement and engineering subcontracting payments for newly commenced projects[6] - Treasury stock surged by 279.83%, mainly due to significant share repurchases during the reporting period[6] - Cash received from sales of goods and services decreased by 55.52% year-over-year, primarily due to economic downturn and pandemic impacts, resulting in lower project collections compared to the prior year[7] Shareholder Information Total Number of Shareholders and Top Ten Shareholders' Shareholding As of the end of the reporting period, the company had 25,539 common stock shareholders, with the top two shareholders, Hui Quanfu and Yang Jing, being a married couple and concerted parties, holding a combined 27.9% stake, both with a high proportion of their shares pledged - As of the end of the reporting period, the total number of common stock shareholders was 25,539[9] Top Three Shareholders' Shareholding | Shareholder Name | Shareholding Percentage (%) | Share Status | Pledged/Frozen Shares | | :--- | :--- | :--- | :--- | | Hui Quanfu | 14.74 | Pledged | 55,042,632 | | Yang Jing | 13.16 | Pledged | 84,601,668 | | Caida Securities - Handan Construction Investment Group... | 10.46 | None | 0 | - Shareholders Hui Quanfu and Yang Jing are a married couple and constitute concerted parties[11] Other Reminders The company confirms no other significant operational information requiring special attention from investors during this reporting period - The company confirms no other important operational information requiring investor attention[12] Quarterly Financial Statements Consolidated Balance Sheet As of March 31, 2022, the company's total assets were 1.77 billion RMB, a 3.56% decrease from the end of the previous year, while total liabilities were 499 million RMB, a 3.94% decrease, and total equity attributable to parent company shareholders was 1.18 billion RMB, a 3.59% decrease, primarily due to a reduction in cash and cash equivalents Key Balance Sheet Items | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | | :--- | :--- | :--- | | Total Assets | 1,769,344,430.20 | 1,834,643,737.24 | | Total Liabilities | 498,869,177.59 | 519,349,386.43 | | Total Equity Attributable to Parent Company Shareholders | 1,176,502,516.47 | 1,220,312,631.33 | - Cash and cash equivalents at period-end amounted to 81.80 million RMB, a significant 43.32% decrease from 144 million RMB at the beginning of the period, primarily used for share repurchases and project payments[6][13] Consolidated Income Statement In Q1 2022, the company achieved operating revenue of 24.11 million RMB, a 27.03% year-over-year decrease, while net profit attributable to parent company shareholders was -10.15 million RMB, a significant narrowing of loss compared to -31.38 million RMB in the prior year, primarily due to credit impairment losses shifting from a large loss to a small gain Core Income Statement Data | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 24,107,672.95 | 33,039,923.42 | | Operating Profit | -11,156,232.55 | -36,698,097.21 | | Net Profit Attributable to Parent Company Shareholders | -10,148,849.20 | -31,379,155.35 | | Basic EPS (RMB/share) | -0.02 | -0.05 | - Credit impairment losses were a 1.35 million RMB gain in the current period, compared to a 30.79 million RMB loss in the prior year, serving as a key factor in the improvement of net profit[18] Consolidated Cash Flow Statement During the reporting period, net cash flow from operating activities was -46.29 million RMB, an improvement from -71.35 million RMB in the prior year, with net cash outflow from investing activities at 7.97 million RMB, and net cash outflow from financing activities at 8.27 million RMB, primarily due to share repurchase payments, resulting in a net decrease of 62.53 million RMB in cash and cash equivalents Cash Flow Statement Overview | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -46,287,825.32 | -71,350,799.34 | | Net Cash Flow from Investing Activities | -7,970,049.16 | -76,357,015.42 | | Net Cash Flow from Financing Activities | -8,268,729.39 | 62,431,200.00 | | Net Increase in Cash and Cash Equivalents | -62,532,016.52 | -85,267,426.32 | - Cash flow from financing activities shifted from positive to negative, primarily due to 33 million RMB in other cash payments related to financing activities (mainly for share repurchases) in the current period, compared to only 2 million RMB in the prior year[7][20]