长龄液压(605389) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 277,496,693.92, representing a decrease of 4.25% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 42,201,819.32, down 42.06% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 44.93% to CNY 39,758,763.71[5]. - The basic earnings per share were CNY 0.46, reflecting a decline of 54.00% compared to the previous year[6]. - The weighted average return on equity was 2.34%, a decrease of 7.36 percentage points from the previous year[6]. - The company's operating revenue for Q1 2022 was RMB 277,496,693.92, a decrease of 4.25% compared to RMB 289,804,343.99 in Q1 2021[20]. - The net profit attributable to shareholders for Q1 2022 was down 42.06% year-on-year, primarily due to a decline in sales of downstream construction machinery[14]. - The total profit for Q1 2022 was approximately ¥48.81 million, a decrease of 43% compared to ¥85.94 million in Q1 2021[22]. - The company's operating revenue for Q1 2022 was CNY 220,993,965.75, a decrease of 23.7% compared to CNY 289,416,929.01 in Q1 2021[32]. - The net profit for Q1 2022 was CNY 38,479,367.38, down 46.0% from CNY 71,270,524.65 in Q1 2021[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,078,128,492.94, an increase of 1.38% from the end of the previous year[6]. - The total assets as of March 31, 2022, amounted to RMB 2,078,128,492.94, compared to RMB 2,049,896,116.96 at the end of 2021[18]. - The total liabilities decreased to RMB 253,986,605.61 from RMB 267,956,048.95 at the end of 2021[18]. - The total liabilities decreased to CNY 203,909,544.38 in Q1 2022 from CNY 215,698,156.10 in Q1 2021[31]. - The company's equity attributable to shareholders increased to RMB 1,824,141,887.33 as of March 31, 2022, from RMB 1,781,940,068.01 at the end of 2021[18]. - The total equity increased to CNY 1,822,545,133.76 as of March 31, 2022, compared to CNY 1,784,070,766.38 at the end of 2021[31]. Cash Flow - The company reported a net cash flow from operating activities of CNY -87,025,272.78, which is not applicable for comparison[5]. - Cash flow from operating activities showed a net outflow of approximately ¥87.03 million, worsening from a net outflow of ¥26.88 million in the previous year[26]. - The net cash flow from operating activities was -CNY 37,735,747.70, worsening from -CNY 27,374,484.94 in the same period last year[35]. - Cash inflow from investment activities totaled CNY 30,275,179.31, down 75.5% from CNY 122,877,000.58 in Q1 2021[36]. - The company reported a cash inflow from financing activities of CNY 553,492,726.60, with no cash inflow reported in Q1 2021[36]. - The ending balance of cash and cash equivalents was CNY 723,452,041.45, a slight increase from CNY 717,907,145.57 at the end of Q1 2021[36]. Shareholder Information - The company had a total of 13,767 common shareholders at the end of the reporting period[11]. - The top shareholder, Xia Jifa, held 42,000,000 shares, accounting for 43.15% of the total shares[12]. Industry Impact - The sales of excavating machinery products by the industry decreased by 39.20%, impacting the company's sales of central rotating heads and tensioning devices[10]. - The total sales of various excavating machinery products by 26 major manufacturers in the first quarter were 77,175 units, representing a year-on-year decrease of 39.20%[14]. Expenses - Total operating costs increased to approximately ¥225.87 million, up 10.5% from ¥204.39 million in the same period last year[21]. - The company reported a significant increase in management expenses, rising to approximately ¥13.20 million from ¥6.49 million year-over-year[21]. - Research and development expenses decreased to approximately ¥8.34 million, down from ¥10.96 million in the previous year[21]. - Research and development expenses for Q1 2022 were CNY 8,339,046.41, a decrease of 24.0% compared to CNY 10,961,178.78 in Q1 2021[32]. Cash and Cash Equivalents - Cash and cash equivalents as of March 31, 2022, were RMB 738,084,062.28, down from RMB 809,788,219.53 at the end of 2021[16]. - The company experienced a decrease in cash and cash equivalents, ending Q1 2022 with approximately ¥733.09 million, down from ¥1.07 billion at the end of Q1 2021[27]. - The company's cash and cash equivalents were CNY 728,445,541.45 as of March 31, 2022, down from CNY 796,917,627.67 at the end of 2021[28].