Financial Performance - The company's operating revenue for Q1 2022 was CNY 284,144,635.40, representing a year-on-year increase of 4.61%[5] - The net profit attributable to shareholders decreased by 60.96% to CNY 6,573,355.90 due to reduced sales volume and changes in product structure impacted by pandemic control measures[9] - The basic earnings per share fell by 60.80% to CNY 0.07, reflecting the overall decline in profitability[6] - Total operating revenue for Q1 2022 was CNY 284,144,635.40, an increase of 4.6% compared to CNY 271,635,297.91 in Q1 2021[20] - Net profit for Q1 2022 was CNY 6,573,355.90, a decrease of 60.9% from CNY 16,836,164.99 in Q1 2021[21] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.07, down from CNY 0.19 in Q1 2021[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,554,332,140.28, an increase of 1.32% compared to the end of the previous year[6] - As of March 31, 2022, the company's total assets amounted to approximately ¥1,554.33 million, an increase from ¥1,534.05 million as of December 31, 2021, reflecting a growth of about 1.3%[15] - The company's total current liabilities were reported at ¥451.67 million, compared to ¥440.73 million at the end of 2021, indicating a slight increase of approximately 2.3%[16] - Total liabilities as of Q1 2022 were CNY 630,525,088.73, an increase from CNY 616,819,876.91 in Q1 2021[19] - Total equity as of Q1 2022 was CNY 923,807,051.55, up from CNY 917,233,695.65 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was negative at CNY -98,321,873.38, primarily due to a decrease in cash from purchasing goods and paying for services[6] - The net cash flow from operating activities was -$98.32 million, an improvement from -$151.93 million in the previous year[23] - Cash inflow from operating activities in Q1 2022 was CNY 193,675,383.91, slightly up from CNY 193,254,178.91 in Q1 2021[22] - Cash outflow from operating activities in Q1 2022 was CNY 291,997,257.29, down from CNY 345,183,971.31 in Q1 2021[22] - The ending cash and cash equivalents balance was $133.89 million, significantly higher than $69.83 million at the end of the previous year[23] Research and Development - Research and development expenses totaled CNY 8,260,281.80, which is a decrease of 25.42% year-on-year, accounting for 2.91% of operating revenue[6] - Research and development expenses for Q1 2022 were CNY 8,260,281.80, a decrease of 25.4% compared to CNY 11,075,275.47 in Q1 2021[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,501[10] - The largest shareholder, Jin Limei, holds 37.25% of the shares, totaling 32,780,000 shares[11] Other Financial Metrics - The weighted average return on net assets was 0.71%, a decrease of 1.16 percentage points compared to the previous year[6] - The company reported non-recurring gains of CNY 1,169,944.16, which included government subsidies and other non-operating income[8] - Financial expenses for Q1 2022 were CNY 5,723,856.10, an increase of 52.0% from CNY 3,764,780.93 in Q1 2021[20] Inventory and Receivables - Accounts receivable increased to ¥330.33 million from ¥294.58 million, representing a rise of about 12.1%[15] - Inventory levels rose to ¥376.58 million, compared to ¥363.90 million at the end of 2021, marking an increase of approximately 3.5%[15] Borrowings and Investments - Short-term borrowings increased to ¥363.21 million from ¥338.78 million, reflecting a growth of about 7.2%[16] - Cash inflow from financing activities totaled $269.64 million, up from $224.88 million year-over-year[23] - The company reported a cash inflow of $172.40 million from borrowings, slightly up from $170.00 million year-over-year[23] Market Activity - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[13] - There were no significant mergers or acquisitions reported in the first quarter of 2022[13]
华光新材(688379) - 2022 Q1 - 季度财报