李子园(605337) - 2022 Q1 - 季度财报

Key Financial Data This section presents the company's key financial performance and position indicators for the reporting period Key Accounting Data and Financial Indicators In Q1 2022, the company's operating revenue reached RMB 341.52 million, a 3.28% year-over-year increase, but net profit attributable to shareholders was RMB 40.83 million, a 23.59% year-over-year decrease, while net cash flow from operating activities showed strong performance, increasing by 49.24% year-over-year Q1 2022 Key Financial Indicators | Item | Current Reporting Period (RMB) | Year-over-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 341,515,385.08 | 3.28% | | Net Profit Attributable to Shareholders of Listed Company | 40,833,884.20 | -23.59% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 34,344,593.88 | -33.60% | | Net Cash Flow from Operating Activities | 97,084,421.65 | 49.24% | | Basic Earnings Per Share (RMB/share) | 0.19 | -29.63% | | Total Assets (Period-End) | 2,198,841,419.51 | 4.59% (vs. end of prior year) | | Total Equity Attributable to Shareholders of Listed Company (Period-End) | 1,646,226,362.17 | 2.54% (vs. end of prior year) | - The company restated prior-year's earnings per share data due to a capital reserve transfer to share capital (4 shares for every 10 shares)[5][8] Non-Recurring Gains/Losses Items and Amounts Total non-recurring gains and losses for this period amounted to RMB 6.49 million, primarily from RMB 9.03 million in government subsidies, mainly financial contribution awards received by wholly-owned subsidiary Yunnan Liziyuan Details of Non-Recurring Gains/Losses Items | Item | Current Period Amount (RMB) | Notes | | :--- | :--- | :--- | | Government Subsidies Included in Current Profit/Loss | 9,032,152.30 | Primarily financial contribution awards received by wholly-owned subsidiary Yunnan Liziyuan Food Co., Ltd. | | Other Non-Operating Income and Expenses | -382,609.49 | - | | Income Tax Impact | -2,162,036.90 | - | | Total | 6,489,290.32 | - | Analysis of Changes in Key Financial Indicators Several profit indicators significantly declined this period, mainly due to increased costs from rising raw material and energy prices, while net cash flow from operating activities grew substantially, primarily due to a year-over-year decrease in payments for goods purchased - Net profit attributable to shareholders of the listed company decreased by 23.59% year-over-year, and non-recurring net profit decreased by 33.60% year-over-year, primarily due to rising raw material and energy prices during the reporting period[8] - Net cash flow from operating activities increased by 49.24% year-over-year, mainly because payments for goods purchased in this reporting period decreased compared to the same period last year[8] Shareholder Information This section details the company's shareholder structure and key ownership information Shareholding Status of Shareholders As of the end of the reporting period, the company had 23,950 common shareholders, with equity structure highly concentrated as the top two shareholders collectively hold over 53%, and actual controllers Li Guoping and Wang Xubin jointly control the company through direct and indirect means, forming a concerted action with other related parties Top Five Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage (%) | Nature of Shares | | :--- | :--- | :--- | | Zhejiang Lishui Shuizhuoquan Investment Development Co., Ltd. | 32.05 | Domestic Non-State-Owned Legal Person | | Li Guoping | 21.68 | Domestic Natural Person | | Wang Xubin | 5.27 | Domestic Natural Person | | Jingning Qianxiang Enterprise Management Consulting Partnership (Limited Partnership) | 4.67 | Other | | Maotai Jianxin (Guizhou) Investment Fund (Limited Partnership) | 3.93 | Other | - Actual controllers Li Guoping and Wang Xubin are a married couple, and Shuizhuoquan Investment, Yuchengrui Investment, Li Guoping, and Wang Xubin are concerted parties[11] Quarterly Financial Statements This section provides the company's unaudited quarterly financial statements Financial Statements This section provides the company's unaudited consolidated balance sheet, consolidated income statement, and consolidated cash flow statement for Q1 2022 Consolidated Balance Sheet As of March 31, 2022, the company's total assets were RMB 2.20 billion, a 4.59% increase from the end of the previous year, total liabilities were RMB 552.62 million, with a debt-to-asset ratio of 25.1%, and total equity attributable to shareholders of the listed company was RMB 1.65 billion, a 2.54% increase from the end of the previous year Key Balance Sheet Items | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 569,091,426.29 | 527,882,988.29 | 7.81% | | Inventories | 279,254,845.67 | 182,227,589.30 | 53.24% | | Construction in Progress | 145,155,516.46 | 103,566,716.03 | 40.16% | | Total Assets | 2,198,841,419.51 | 2,102,289,041.04 | 4.59% | | Notes Payable | 122,453,102.40 | 52,234,699.56 | 134.43% | | Total Liabilities | 552,615,057.34 | 496,896,563.07 | 11.21% | | Total Owners' Equity | 1,646,226,362.17 | 1,605,392,477.97 | 2.54% | Consolidated Income Statement In Q1 2022, the company achieved operating revenue of RMB 341.52 million, a 3.28% year-over-year increase, but due to a 14.14% year-over-year increase in operating costs from RMB 205.43 million to RMB 234.47 million, operating profit decreased by 24.77% year-over-year to RMB 53.28 million, and net profit decreased by 23.59% year-over-year to RMB 40.83 million Key Income Statement Items | Item | 2022 Q1 (RMB) | 2021 Q1 (RMB) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 341,515,385.08 | 330,668,838.63 | 3.28% | | Total Operating Costs | 300,110,470.73 | 264,390,772.17 | 13.51% | | Of which: Operating Costs | 234,471,371.35 | 205,428,718.75 | 14.14% | | Selling Expenses | 50,444,717.34 | 44,483,788.40 | 13.40% | | Operating Profit | 53,280,537.65 | 70,826,299.26 | -24.77% | | Total Profit | 52,896,796.25 | 70,501,522.20 | -25.00% | | Net Profit | 40,833,884.20 | 53,443,442.73 | -23.59% | Consolidated Cash Flow Statement In Q1 2022, net cash flow from operating activities was RMB 97.08 million, a significant 49.24% year-over-year increase, primarily due to increased cash received from sales and decreased cash paid for purchases, while net cash outflow from investing activities narrowed significantly to RMB 56.33 million, mainly due to large investment payments in the prior year, and net cash flow from financing activities shifted from a net inflow of RMB 641.50 million in the prior year to a net inflow of RMB 0.54 million this period Key Cash Flow Statement Items | Item | 2022 Q1 (RMB) | 2021 Q1 (RMB) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 97,084,421.65 | 65,051,225.54 | 49.24% | | Net Cash Flow from Investing Activities | -56,332,880.77 | -128,977,057.44 | 56.33% | | Net Cash Flow from Financing Activities | 537,333.35 | 641,497,930.80 | -99.92% | | Net Increase in Cash and Cash Equivalents | 41,288,874.23 | 577,572,098.90 | -92.85% |