仕佳光子(688313) - 2022 Q1 - 季度财报

Report Overview This unaudited report for Q1 2022 from Henan Shijia Photons Technology Co, Ltd is affirmed for accuracy by its management - This quarterly report is unaudited[3] Key Financial Data and Indicators The company's Q1 2022 financials show significant growth in revenue, net profit, and operating cash flow, driven by higher sales and margins Key Accounting Data and Financial Indicators In Q1 2022, revenue grew 19.30% to CNY 196 million, with net profit attributable to shareholders up 266.38% Key Financial Indicators for Q1 2022 | Item | Current Period (CNY) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 195,706,169.91 | 19.30 | | Net Profit Attributable to Shareholders | 22,846,073.74 | 266.38 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 18,884,999.79 | 307.71 | | Net Cash Flow from Operating Activities | 23,047,555.13 | 433.92 | | Basic Earnings Per Share (CNY/Share) | 0.0498 | 266.18 | | Diluted Earnings Per Share (CNY/Share) | 0.0498 | 266.18 | Key Balance Sheet Indicators at the End of Q1 2022 | Item | End of Current Period (CNY) | End of Previous Year (CNY) | Change from Previous Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,615,180,040.06 | 1,565,739,071.22 | 3.16 | | Equity Attributable to Shareholders | 1,225,915,798.31 | 1,201,033,013.45 | 2.07 | - Revenue from all major product categories increased year-over-year, with optical chips and devices revenue growing by 30.83%[5] Non-recurring Profit and Loss Items Total non-recurring profit and loss for the period was CNY 3.96 million, mainly from government subsidies and financial asset gains Non-recurring Profit and Loss Items for Q1 2022 | Item | Current Period Amount (CNY) | | :--- | :--- | | Gain/Loss on Disposal of Non-current Assets | -180,777.18 | | Government Grants Recognized in Current Profit or Loss | 4,076,642.10 | | Gain/Loss from Entrusted Investment or Asset Management | 153,003.70 | | Fair Value Change and Investment Income from Trading Financial Assets, etc | 745,402.74 | | Other Non-operating Income and Expenses | 23,284.77 | | Other Items Qualifying as Non-recurring Profit or Loss | 168,534.05 | | Less: Income Tax Effect | 1,025,016.23 | | Total | 3,961,073.95 | Analysis of Changes in Financial Indicators Significant growth in net profit and operating cash flow was driven by increased revenue, gross margin, and sales collections Reasons for Changes in Key Financial Indicators | Item Name | Change (%) | Primary Reason | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 266.38 | Due to growth in revenue and gross margin | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 307.71 | Due to growth in revenue and gross margin | | Net Cash Flow from Operating Activities | 433.92 | Significant increase in sales collections compared to the same period last year | | Basic Earnings Per Share (CNY/Share) | 266.18 | Increased in line with the growth in net profit | | Diluted Earnings Per Share (CNY/Share) | 266.18 | Increased in line with the growth in net profit | Shareholder Information As of the period end, the company had 12,129 common shareholders, with the top two shareholders acting in concert Shareholder Count and Top 10 Holdings The company had 12,129 common shareholders, with the top shareholder holding 22.37% and acting in concert with the second largest - Total number of common shareholders was 12,129 at the end of the reporting period[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Number of Shares Held (Shares) | Shareholding Ratio (%) | Number of Restricted Shares Held (Shares) | | :--- | :--- | :--- | :--- | :--- | | Henan Shijia Information Technology Co, Ltd | Domestic Non-state-owned Legal Entity | 102,629,667 | 22.37 | 102,629,667 | | Ge Haiquan | Domestic Natural Person | 30,541,172 | 6.66 | 30,541,172 | | Hebi Investment Group Co, Ltd | State-owned Legal Entity | 30,000,060 | 6.54 | 0 | | Jiaxing Hejing Zhongdao Technology Industry Investment Partnership (LP) | Domestic Non-state-owned Legal Entity | 22,920,283 | 4.99 | 0 | | Qianhai Equity Investment Fund (LP) | Domestic Non-state-owned Legal Entity | 15,541,012 | 3.39 | 0 | | Jiaxing Chengyu Investment Partnership (LP) | Domestic Non-state-owned Legal Entity | 13,221,368 | 2.88 | 0 | | Beijing Huitong Julong Investment Center (LP) | Domestic Non-state-owned Legal Entity | 10,685,107 | 2.33 | 0 | | Shenzhen Capital Group Co, Ltd | Domestic Non-state-owned Legal Entity | 10,060,040 | 2.19 | 0 | | Institute of Semiconductors, Chinese Academy of Sciences | State-owned Legal Entity | 9,900,000 | 2.16 | 0 | | Anyang Huitong Gaoxin New Material Venture Capital Partnership (LP) | Domestic Non-state-owned Legal Entity | 8,908,541 | 1.94 | 0 | - Among the top ten shareholders, Ge Haiquan holds a 40.36% stake in Henan Shijia Information Technology Co, Ltd and has effective control, forming a concert party relationship[12] Other Important Matters There were no other significant operational matters requiring investor attention during the reporting period - Other important information regarding the company's operations during the reporting period that requires investor attention is not applicable[13] Quarterly Financial Statements This section presents the unaudited Q1 2022 consolidated balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2022, total assets grew 3.16% to CNY 1.62 billion, while total liabilities increased by 6.73% Key Items of Consolidated Balance Sheet (Mar 31, 2022 vs Dec 31, 2021) | Item | March 31, 2022 (CNY) | December 31, 2021 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 345,607,073.28 | 475,562,330.84 | -27.33 | | Trading Financial Assets | 150,745,402.74 | 10,000,000.00 | 1407.45 | | Notes Receivable | 95,865,759.58 | 82,827,621.30 | 15.74 | | Accounts Receivable | 229,148,599.81 | 247,269,312.91 | -7.33 | | Inventories | 220,368,524.58 | 188,915,313.24 | 16.65 | | Total Current Assets | 1,080,280,314.02 | 1,039,888,998.03 | 3.88 | | Fixed Assets | 395,005,054.20 | 412,456,454.89 | -4.23 | | Total Non-current Assets | 534,899,726.04 | 525,850,073.19 | 1.72 | | Total Assets | 1,615,180,040.06 | 1,565,739,071.22 | 3.16 | | Notes Payable | 53,635,226.72 | 36,737,998.16 | 46.00 | | Contract Liabilities | 4,539,585.78 | 1,381,844.09 | 228.52 | | Total Current Liabilities | 284,765,112.94 | 267,041,825.66 | 6.69 | | Total Non-current Liabilities | 104,499,128.81 | 97,664,232.11 | 6.99 | | Total Liabilities | 389,264,241.75 | 364,706,057.77 | 6.73 | | Total Equity Attributable to Parent Company | 1,225,915,798.31 | 1,201,033,013.45 | 2.07 | Consolidated Income Statement In Q1 2022, total operating revenue grew 19.30% to CNY 196 million, driving a 224.06% increase in net profit Key Items of Consolidated Income Statement (Q1 2022 vs Q1 2021) | Item | Q1 2022 (CNY) | Q1 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 195,706,169.91 | 164,040,739.81 | 19.30 | | Operating Costs | 140,475,839.33 | 133,915,821.52 | 4.90 | | Taxes and Surcharges | 1,780,663.95 | 1,034,155.45 | 72.19 | | Selling Expenses | 5,137,517.61 | 4,354,366.16 | 17.99 | | Administrative Expenses | 14,140,369.62 | 13,050,576.36 | 8.35 | | R&D Expenses | 17,512,172.48 | 19,638,333.51 | -10.83 | | Finance Expenses | -613,707.24 | -263,147.47 | -133.90 | | Other Income | 4,245,176.15 | 13,053,516.58 | -67.40 | | Investment Income | 153,003.70 | 1,671,048.31 | -90.84 | | Fair Value Change Gains | 745,402.74 | 1,396,021.25 | -46.62 | | Credit Impairment Loss | 771,386.36 | -523,315.47 | N/A | | Operating Profit | 23,237,458.59 | 8,507,198.19 | 173.16 | | Total Profit | 23,260,743.36 | 8,356,465.36 | 178.39 | | Income Tax Expense | 414,669.62 | 1,306,403.69 | -68.27 | | Net Profit | 22,846,073.74 | 7,050,061.67 | 224.06 | | Net Profit Attributable to Parent Company Shareholders | 22,846,073.74 | 6,235,548.31 | 266.38 | | Basic Earnings Per Share (CNY/Share) | 0.0498 | 0.0136 | 266.18 | - R&D expenses decreased by 10.83% year-over-year[17] Consolidated Cash Flow Statement Net cash flow from operating activities surged 433.92% in Q1 2022, while investing activities resulted in a significant cash outflow Key Items of Consolidated Cash Flow Statement (Q1 2022 vs Q1 2021) | Item | Q1 2022 (CNY) | Q1 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Cash Received from Sales of Goods and Services | 157,898,090.41 | 99,862,013.35 | 58.12 | | Subtotal of Cash Inflows from Operating Activities | 174,585,121.49 | 116,932,070.02 | 49.30 | | Cash Paid for Goods and Services | 80,616,695.30 | 69,180,220.07 | 16.53 | | Cash Paid to and for Employees | 54,775,518.81 | 39,489,722.64 | 38.71 | | Subtotal of Cash Outflows from Operating Activities | 151,537,566.36 | 123,834,091.48 | 22.37 | | Net Cash Flow from Operating Activities | 23,047,555.13 | -6,902,021.46 | 433.92 | | Subtotal of Cash Inflows from Investing Activities | 54,263,183.92 | 48,010,243.15 | 13.02 | | Cash Paid for Fixed Assets, Intangible Assets, and Other Long-term Assets | 26,655,841.52 | 15,585,319.03 | 71.03 | | Cash Paid for Investments | 194,000,000.00 | 0 | N/A | | Net Cash Flow from Investing Activities | -166,392,657.60 | 32,424,924.12 | N/A | | Net Cash Flow from Financing Activities | -477,694.11 | -17,134.31 | 2687.30 | | Net Increase in Cash and Cash Equivalents | -143,373,412.41 | 25,580,266.26 | N/A | | Closing Balance of Cash and Cash Equivalents | 298,049,569.37 | 149,952,481.10 | 98.76 | - Net cash flow from investing activities turned negative due to a CNY 194 million increase in cash paid for investments[21] Implementation of New Accounting Standards The company adopted new accounting standards in 2022, with no adjustments required to the opening financial statements - The company adopted new accounting standards starting in 2022, with no adjustments required to the opening financial statements for the current period[21]