江航装备(688586) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥268,522,580.07, representing a year-on-year increase of 42.38%[6] - The net profit attributable to shareholders was ¥56,595,989.40, reflecting a growth of 28.52% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,410,414.44, up by 21.86% year-on-year[6] - The basic earnings per share for the period was ¥0.14, marking a 27.27% increase from the previous year[6] - Net profit for Q1 2022 reached ¥56,595,989.40, compared to ¥44,035,764.22 in Q1 2021, reflecting a growth of 28.5%[33] - Basic earnings per share for Q1 2022 were ¥0.14, an increase from ¥0.11 in Q1 2021[33] - The company reported a total comprehensive income of ¥56,595,989.40 for Q1 2022, compared to ¥44,035,764.22 in Q1 2021[33] Research and Development - Research and development (R&D) expenses totaled ¥27,491,824.33, which is an increase of 100.17% compared to the previous year[9] - R&D expenses accounted for 10.24% of operating revenue, an increase of 2.96 percentage points year-on-year[9] - Research and development expenses for Q1 2022 amounted to ¥18,951,471.11, significantly higher than ¥6,340,788.94 in Q1 2021, indicating a 198.5% increase[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,456,458,273.62, a decrease of 0.82% from the end of the previous year[9] - As of March 31, 2022, the company's total assets amounted to approximately RMB 3.46 billion, a decrease from RMB 3.49 billion at the end of 2021[22] - The company's cash and cash equivalents were reported at RMB 820.82 million, down from RMB 978.77 million in the previous year[22] - Accounts receivable increased to RMB 472.08 million from RMB 343.92 million, indicating a growth of approximately 37.3% year-over-year[22] - Inventory levels rose to RMB 723.12 million, compared to RMB 685.46 million, reflecting an increase of about 5.5%[22] - The total current liabilities were RMB 1.00 billion, slightly up from RMB 1.00 billion in the previous year[25] - The company's long-term equity investments stood at RMB 11.34 million, a slight decrease from RMB 11.41 million[25] - The company reported a decrease in financial assets held for trading from RMB 530 million to RMB 100 million, a decline of approximately 81.1%[22] - The company's other current assets increased significantly to RMB 457.34 million from RMB 60.41 million, marking a growth of approximately 655.5%[22] - The company's total non-current assets were RMB 691.64 million, a slight decrease from RMB 694.64 million[25] - Total liabilities as of the reporting date were ¥1,387,272,031.63, slightly down from ¥1,400,735,398.74 in the previous period[31] - Total equity attributable to shareholders was ¥2,069,186,241.99, a decrease from ¥2,084,324,022.45[31] Cash Flow - The company experienced a decrease in cash flow from operating activities, with a net cash flow of -¥180,240,807.19, primarily due to reduced customer payments compared to the previous year[13] - The net cash flow from operating activities for Q1 2022 was -180,240,807.19, compared to -121,124,580.94 in Q1 2021, indicating a decline in cash flow[36] - Total cash inflow from operating activities was 92,180,071.07 in Q1 2022, down from 130,773,974.67 in Q1 2021, reflecting a decrease of approximately 29.5%[36] - Cash outflow from operating activities increased to 272,420,878.26 in Q1 2022, compared to 251,898,555.61 in Q1 2021, representing an increase of about 8.5%[36] - The net cash flow from investing activities was 27,533,278.38 in Q1 2022, a significant improvement from -484,788,539.33 in Q1 2021[38] - Cash inflow from investment activities totaled 584,538,191.78 in Q1 2022, compared to 50,000,000.00 in Q1 2021, showing a substantial increase[38] - Cash outflow from investment activities was 557,004,913.40 in Q1 2022, compared to 534,788,539.33 in Q1 2021, indicating a slight increase[38] - The net cash flow from financing activities was -427,200.00 in Q1 2022, contrasting with a positive flow of 437,172.78 in Q1 2021[38] - The ending cash and cash equivalents balance for Q1 2022 was 797,043,114.30, down from 1,262,147,589.74 in Q1 2021, reflecting a decrease of approximately 36.8%[38] - The company reported a cash inflow of 580,000,000.00 from recovering investments in Q1 2022, a significant increase from 50,000,000.00 in Q1 2021[37] - The company’s cash flow from operating activities showed a negative trend, which may impact future operational strategies and liquidity management[36] Market Presence - The company expanded its market presence, leading to increased orders and revenue from oxygen and fuel tank products, as well as military refrigeration products[13] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[20]