ST实华(000637) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥1,912,733,727.04, representing an increase of 85.30% compared to ¥1,032,250,703.70 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥7,538,271.02, a decrease of 163.71% from a profit of ¥11,831,776.28 in the previous year[3] - The net profit for Q1 2022 was a loss of CNY 1,722,858.72, contrasting with a profit of CNY 15,506,168.91 in Q1 2021, indicating a decline in profitability[23] - The company's basic and diluted earnings per share were both -¥0.015, down 165.22% from ¥0.023 in the same period last year[3] - The company's financial expenses rose to CNY 9,575,753.78 in Q1 2022, compared to CNY 2,292,526.10 in the previous year, reflecting an increase of approximately 318%[22] Cash Flow - The net cash flow from operating activities increased by 484.67% to ¥337,202,400.51, up from ¥57,674,269.52 in the same period last year[3] - Operating cash inflow for the current period reached ¥2,185,450,143.62, a significant increase of 98.8% compared to ¥1,100,050,473.91 in the previous period[26] - Cash outflow from investment activities totaled ¥1,499,353,147.70, a decrease from ¥1,587,364,025.63, indicating a reduction of 5.5%[27] - Net cash flow from investment activities was -¥406,881,274.11, worsening from -¥79,411,954.85 in the previous period[27] - Cash inflow from financing activities amounted to ¥289,500,000.00, an increase from ¥249,908,028.99, reflecting a growth of 15.9%[27] - Net cash flow from financing activities was ¥57,461,493.28, down from ¥122,974,799.61, showing a decline of 53.3%[27] - The ending balance of cash and cash equivalents decreased to ¥173,472,258.04 from ¥270,842,932.46, a drop of 35.9%[27] - Total cash inflow from operating activities was significantly higher than cash outflow, indicating strong operational performance[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,922,608,862.81, a 1.21% increase from ¥2,887,679,231.03 at the end of the previous year[3] - Total liabilities increased to CNY 1,777,145,453.89 in Q1 2022 from CNY 1,722,515,942.82 in Q1 2021, marking an increase of approximately 3.2%[20] - The company's total equity decreased to CNY 1,145,463,408.92 from CNY 1,165,163,288.21, a decline of about 1.7%[20] Investments and Acquisitions - The company completed the acquisition of 69% equity in Beijing Xinwo Da Ocean Technology Co., Ltd. on March 11, 2022, with all transfer payments settled[12] - Guangxi Shihua Investment Development Co., Ltd. acquired 66% equity in Guangxi Liuwang Food Processing Co., Ltd. for a consideration of 0 RMB, with the share transfer completed[14] - The company established Baise Shihua Environmental Technology Co., Ltd. with a registered capital of 30 million RMB, fully owned by its subsidiary Dongcheng Company[15] - The company also set up Baise Shihua Lubricating Oil Technology Co., Ltd. with a registered capital of 25 million RMB, where Dongcheng Company holds 60%[15] Inventory and Receivables - The company's inventory increased to 274,701,391.56 RMB from 247,786,914.07 RMB at the beginning of the year[18] - Accounts receivable rose to 141,122,450.65 RMB from 119,051,803.87 RMB at the beginning of the year[18] - The company reported a significant decrease in trading financial assets from 88,174,356.27 RMB to 30,588,629.90 RMB[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,022[10] - Beijing Taiyue Real Estate Development Co., Ltd. holds 29.15% of shares, amounting to 151,538,145 shares, which are pledged and frozen[10] Operational Challenges - The company reported a significant increase in operating costs, which rose by 89.30% to ¥1,851,728,515.99 due to increased production and trading volume[7] - The company experienced a 243.97% increase in tax and additional charges, totaling ¥2,520,210.44, primarily due to increased VAT payments[7] - The company's cash and cash equivalents decreased by 112.07% to -¥12,217,380.32, primarily due to increased capital expenditures on investment projects[8] - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[28] - The company is focusing on improving cash flow management and reducing investment outflows to enhance financial stability[27]