明冠新材(688560) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 383,319,305.98, representing a year-on-year increase of 40.45%[4] - The net profit attributable to shareholders was CNY 33,400,626.47, up 34.27% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31,943,481.67, an increase of 104.04% year-on-year[4] - The basic earnings per share for the period was CNY 0.20, a rise of 33.33% compared to the previous year[5] - Operating profit for Q1 2022 was ¥38,701,671.00, up from ¥27,314,965.83 in Q1 2021, reflecting a growth of 41.8%[21] - Net profit for Q1 2022 was ¥33,415,070.86, compared to ¥24,875,465.56 in Q1 2021, representing an increase of 34.4%[21] - Earnings per share for Q1 2022 were ¥0.20, up from ¥0.15 in Q1 2021, indicating a growth of 33.3%[22] Research and Development - Research and development expenses totaled CNY 15,331,799.82, which is 4.00% of operating revenue, reflecting a 48.07% increase in R&D investment[5] - Research and development expenses for Q1 2022 were ¥15,331,799.82, up from ¥10,354,381.86 in Q1 2021, reflecting a growth of 47.9%[21] Assets and Liabilities - The total assets at the end of the period were CNY 2,028,546,135.42, a 2.21% increase from the end of the previous year[5] - Total assets as of Q1 2022 amounted to ¥2,028,546,135.42, an increase from ¥1,984,588,142.03 in the previous year[17] - Total liabilities for Q1 2022 were ¥568,217,810.34, compared to ¥557,783,047.91 in Q1 2021, showing a rise of 1.6%[17] Cash Flow - The net cash flow from operating activities was negative at CNY -17,967,291.31, reflecting an increase of 87.24% in cash outflow compared to the previous year[4] - Cash flow from operating activities in Q1 2022 was ¥371,043,275.27, a substantial increase from ¥40,305,855.58 in Q1 2021[24] - The net cash flow from operating activities was -$17,967,291.31, compared to -$140,848,487.82 in the previous year, indicating an improvement[25] - Total cash inflow from operating activities was $374,381,964.78, while cash outflow was $392,349,256.09, resulting in a net cash outflow of $17,967,291.31[25] - Cash flow from investing activities showed a net outflow of -$48,810,933.58, compared to -$332,452,082.02 in the previous year, reflecting a significant reduction in investment losses[25] - The cash flow from financing activities resulted in a net outflow of -$1,000,000.00, compared to -$20,230,259.67 in the previous year, indicating a decrease in financing costs[26] Shareholder Information - The company has a total of 51,000,000 shares held by the largest shareholder, accounting for 31.08% of total shares[12] - The second-largest shareholder holds 21,250,000 shares, representing 12.95% of total shares[12] Other Income and Sales - The company reported a significant increase in sales of solar cell back sheets and encapsulation films, contributing to revenue growth[8] - The company experienced a 99.29% increase in other income due to compensation received from suppliers[8] - Other income for Q1 2022 was ¥3,298,426.87, down from ¥8,185,108.55 in Q1 2021, indicating a decrease of 59.8%[21] Current Assets - The company reported a total current assets of CNY 1,530,447,800.71 as of March 31, 2022, a slight decrease from CNY 1,537,039,915.69 at the end of 2021[14] - Cash and cash equivalents decreased to CNY 326,228,380.81 from CNY 393,549,955.24, reflecting a decline of approximately 17%[14] - Accounts receivable increased to CNY 529,347,179.94, up from CNY 422,375,685.84, representing a growth of about 25%[15] - Inventory rose to CNY 259,605,061.58 from CNY 242,726,879.46, indicating an increase of approximately 7%[15] - The company’s long-term equity investments increased significantly to CNY 52,038,879.71 from CNY 11,773,099.40, marking a growth of over 341%[15] - The total non-current assets amounted to CNY 498,098,334.71, up from CNY 447,548,226.34, reflecting an increase of about 11%[15] Company Developments - The company has not reported any significant new product launches or technological advancements during this quarter[13] - There are no major mergers or acquisitions reported in the current quarter[13]