普冉股份(688766) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥224,108,012.59, a decrease of 4.91% compared to the same period last year [8]. - Net profit attributable to shareholders was ¥41,517,801.42, representing an increase of 8.07% year-on-year [10]. - The net profit attributable to shareholders for Q1 2022, excluding the impact of share-based payments, was RMB 46,941,043.92, representing a year-on-year increase of 22.19% [22]. - Net profit for Q1 2022 reached ¥41,517,801.42, an increase of 8.4% from ¥38,416,633.69 in Q1 2021 [34]. - The company reported a basic earnings per share of ¥1.15, down from ¥1.41 in the previous year, indicating a decrease of 18.4% [34]. Profitability and Margins - The gross profit margin improved to 33.42%, an increase of 5.61 percentage points from the previous year, due to adjustments in product structure and increased sales of higher-margin products [10]. - The average selling price of products increased year-on-year, contributing to the improved gross profit margin [10]. Research and Development - R&D investment totaled ¥30,899,763.22, up 82.02% year-on-year, accounting for 13.79% of operating revenue, an increase of 6.58 percentage points [9]. - Research and development expenses rose significantly to ¥30,899,763.22, up 82.1% from ¥16,975,562.68 in the same period last year [30]. - The company’s R&D projects for new products are proceeding as planned under the Fabless business model, with normal order reception reported [22]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥78,827,178.41, a decline of 305.00% compared to the previous year, primarily due to slower customer payments and increased procurement expenses [15]. - In Q1 2022, the net cash flow from operating activities was -78,827,178.41, a decrease from 38,453,105.45 in Q1 2021 [38]. - Cash inflow from operating activities totaled 246,012,569.83, down from 259,019,480.54 in the same quarter last year [38]. - Cash outflow from operating activities increased to 324,839,748.24, compared to 220,566,375.09 in Q1 2021 [38]. - The cash and cash equivalents decreased to RMB 1,373,008,057.90 from RMB 1,463,060,518.27 at the end of 2021 [23]. - The total cash and cash equivalents decreased by 89,626,021.17 in Q1 2022, compared to an increase of 27,433,900.17 in Q1 2021 [39]. Assets and Liabilities - Total assets increased by 2.02% to ¥2,065,684,988.70 compared to the end of the previous year [9]. - Total liabilities decreased to ¥86,221,199.88 from ¥92,797,906.46, a reduction of approximately 7.2% [28]. - The company's equity increased to ¥1,979,463,788.82, compared to ¥1,931,920,162.40, reflecting a growth of about 2.5% [28]. - The total current assets amounted to RMB 1,960,470,317.98, compared to RMB 1,920,842,416.58 at the end of 2021, showing a slight increase [23]. - The total non-current assets amounted to ¥105,214,670.72, an increase from ¥103,875,652.28, showing a growth of approximately 1.3% [28]. Operational Challenges - The company faced challenges in logistics and demand due to the Spring Festival and pandemic-related restrictions, impacting shipment volumes [10]. - The company’s first-quarter performance was somewhat affected by logistics constraints due to the pandemic [22]. - The company is currently maintaining normal production operations despite the impact of COVID-19 lockdowns in Shanghai, with employees in Shenzhen and Suzhou continuing to commute normally [22]. Other Financial Activities - The company reported a non-recurring gain of ¥2,976,458.89, primarily from government subsidies and investment income from the disposal of financial assets [13]. - The company granted 280,000 restricted stock units to 112 incentive recipients, impacting the net profit by RMB 5,423,242.50 [22]. - The company experienced a foreign exchange loss of 233,367.84 in Q1 2022, contrasting with a gain of 5,417.69 in Q1 2021 [39]. - The company did not report any cash inflow from financing activities in Q1 2022, while it had outflows totaling 168,070.72 in Q1 2021 [39].