Anhui Gourgen(SH:603815)2022-04-27 16:00Major Financial Data Q1 financial data shows strong revenue and net profit growth, with negative operating cash flow and decreased total assets Key Accounting Data and Financial Indicators Q1 2022 core financial metrics show strong revenue and net profit growth, with operating cash flow remaining negative 2022 Q1 Key Financial Indicators | Indicator | Current Period | Prior Period (Adjusted) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 886,478,928.50 | 658,459,128.19 | 34.63% | | Net Profit Attributable to Shareholders (Yuan) | 31,801,338.93 | 21,345,734.81 | 48.98% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (Yuan) | 31,651,613.23 | 15,742,452.91 | 101.06% | | Net Cash Flow from Operating Activities (Yuan) | -453,357,883.71 | -258,756,125.83 | Not Applicable | | Basic Earnings Per Share (Yuan/share) | 0.05 | 0.04 | 25.00% | | Total Assets (Yuan) | 7,384,097,633.13 | 8,247,927,584.24 (Year-end) | -10.47% | | Shareholders' Equity Attributable to Listed Company (Yuan) | 2,086,803,452.67 | 2,054,484,988.61 (Year-end) | 1.57% | - Due to the acquisition of Xiangyuan Construction Co., Ltd. under common control in September 2021, the company retrospectively adjusted prior comparative data6 Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled 149,725.70 Yuan in Q1, mainly from asset disposal, government grants, and fair value changes 2022 Q1 Non-Recurring Gains and Losses Details | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 304,764.62 | | Government Grants Recognized in Current Profit/Loss | 216,546.32 | | Fair Value Change Gains/Losses on Trading Financial Instruments | -52,178.12 | | Other Non-Operating Income and Expenses | -477,937.79 | | Other Gains/Losses Meeting Definition of Non-Recurring Items | 200,979.09 | | Less: Income Tax Impact | 46,700.33 | | Less: Impact on Minority Interests (After Tax) | -4,251.91 | | Total | 149,725.70 | Analysis of Changes in Key Financial Indicators Significant growth in Q1 operating revenue and net profit was primarily driven by expanded production scale and acquired subsidiary contributions Reasons for Changes in Key Financial Indicators | Item Name | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | 34.63 | Primarily due to increased production scale and revenue in the current period | | Net Profit Attributable to Shareholders | 48.98 | Primarily due to increased production scale and revenue in the current period | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 101.06 | Primarily due to increased production scale, revenue, and profit contribution from acquired subsidiaries in the current period | Shareholder Information This section details the company's shareholder structure, including total shareholders and top ten holdings with pledge status Shareholder Holding Status As of Q1 end, the company had 60,140 common shareholders, with top shareholders holding significant stakes and partial equity pledges - As of the end of the reporting period, the company had 60,140 common shareholders10 Top Ten Shareholders' Holdings | Shareholder Name | Holding Percentage (%) | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | | Xiangyuan Holding Group Co., Ltd. | 44.32 | 274,293,290 | Pledged 136,500,000 | | Yu Faxiang | 2.54 | 15,729,100 | Pledged 9,740,000 | | Huangshan Weizhong Investment Management Center (Limited Partnership) | 1.40 | 8,690,000 | None | | Yu Shuixiang | 1.18 | 7,294,930 | Pledged 5,830,000 | | Huangshan Xingyuan Investment Management Center (Limited Partnership) | 1.13 | 6,965,000 | None | - Xiangyuan Holding and Yu Faxiang are parties acting in concert; Xiangyuan Holding is the executive partner of Weizhong Investment11 Quarterly Financial Statements This section presents the consolidated balance sheet, income statement, and cash flow statement for the first quarter Consolidated Balance Sheet As of March 31, 2022, total assets decreased by 10.47% to 7.38 billion Yuan, with total liabilities also falling by 15.02% Key Balance Sheet Items | Item | March 31, 2022 (Yuan) | December 31, 2021 (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 7,384,097,633.13 | 8,247,927,584.24 | -10.47% | | Total Liabilities | 5,199,101,188.73 | 6,118,205,764.50 | -15.02% | | Total Equity Attributable to Parent Company Owners | 2,086,803,452.67 | 2,054,484,988.61 | 1.57% | | Monetary Funds | 955,250,227.14 | 1,287,605,282.05 | -25.81% | | Accounts Receivable | 2,717,593,696.99 | 3,014,320,427.76 | -9.84% | | Accounts Payable | 2,818,038,991.41 | 3,757,426,874.02 | -24.99% | Consolidated Income Statement Q1 2022 total operating revenue grew 34.63% to 886.48 million Yuan, with net profit attributable to parent increasing by 48.98% Key Income Statement Items | Item | 2022 Q1 (Yuan) | 2021 Q1 (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 886,478,928.50 | 658,459,128.19 | 34.63% | | Total Operating Costs | 872,659,901.96 | 645,775,472.62 | 35.14% | | Operating Costs | 826,760,397.97 | 600,958,444.36 | 37.58% | | Total Profit | 42,834,484.91 | 29,523,810.92 | 45.08% | | Net Profit | 31,784,419.53 | 22,035,724.23 | 44.24% | | Net Profit Attributable to Parent Company Shareholders | 31,801,338.93 | 21,345,734.81 | 48.98% | Consolidated Cash Flow Statement Q1 2022 saw a net cash outflow from operating activities of 453.36 million Yuan, indicating significant operational cash flow pressure Key Cash Flow Statement Items | Item | 2022 Q1 (Yuan) | 2021 Q1 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -453,357,883.71 | -258,756,125.83 | | Net Cash Flow from Investing Activities | 27,515,989.82 | 6,197,602.63 | | Net Cash Flow from Financing Activities | 62,321,142.93 | -78,874,762.75 | | Net Increase in Cash and Cash Equivalents | -363,520,750.96 | -331,433,285.95 | | Cash and Cash Equivalents at Period End | 760,117,179.25 | 364,244,975.18 |