山推股份(000680) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,338,873,009.46, a decrease of 12.19% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥364,210,721.47, representing a significant increase of 342.05% year-on-year[6]. - Basic and diluted earnings per share were both ¥0.2425, an increase of 272.50% from the same period last year[6]. - Net profit for the quarter reached CNY 366,706,951.25, significantly up from CNY 83,717,934.90 in the previous year, representing a year-on-year increase of 338.5%[64]. - Earnings per share (EPS) for the quarter was CNY 0.2425, compared to CNY 0.0651 in the same period last year, reflecting a substantial increase[64]. - The company reported an investment income of CNY 309,709,263.95, a notable increase from CNY 23,073,152.46 in the previous year[60]. - Total operating costs amounted to CNY 2,294,146,896.44, down 11.7% from CNY 2,598,668,063.95 year-on-year[60]. - Research and development expenses were CNY 84,932,472.09, an increase of 12.5% compared to CNY 75,597,406.45 last year[60]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥239,205,942.07, a decline of 178.67% compared to the previous year[17]. - Operating cash flow for the period was negative at -239,205,942.07, compared to a positive cash flow of 304,074,148.65 in the previous period, indicating a significant decline[68]. - Cash inflow from investment activities totaled 150,340,673.88, up from 38,956,718.26 in the previous period, showing a strong increase in investment receipts[72]. - Net cash flow from investment activities was negative at -257,280,097.69, compared to a positive flow of 30,762,096.41 in the previous period, reflecting increased investment outflows[72]. - Cash inflow from financing activities was 1,046,221,058.75, down from 1,221,932,688.86 in the previous period, indicating a decrease in financing receipts[72]. - Net cash flow from financing activities improved to 76,560,195.40, compared to a negative flow of -206,692,316.33 in the previous period, suggesting better management of financing[72]. - The ending cash and cash equivalents balance was 1,582,213,906.23, an increase from 1,488,613,944.07 in the previous period, indicating a slight improvement in liquidity[72]. - Total cash outflow from operating activities was 1,867,842,888.05, compared to 1,534,164,597.05 in the previous period, indicating increased operational expenditures[68]. - Cash received from tax refunds was 114,879,925.55, significantly higher than 52,445,397.26 in the previous period, reflecting improved tax recovery[68]. - Cash paid to employees decreased to 196,755,241.03 from 211,929,888.29, showing a reduction in labor costs[68]. - Cash paid for taxes was 40,027,127.35, down from 47,260,296.85, indicating a decrease in tax liabilities[68]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,789,890,492.71, a decrease of 4.77% from the end of the previous year[9]. - The total liabilities decreased to CNY 5,877,483,944.44 from CNY 6,387,718,177.81 at the beginning of the year, indicating a reduction of approximately 8%[56]. - The total equity attributable to shareholders of the parent company was CNY 4,594,865,487.60, slightly down from CNY 4,628,074,551.62 at the beginning of the year[56]. - The company's cash and cash equivalents decreased from CNY 2.8597 billion at the beginning of the year to CNY 2.4481 billion[49]. - Accounts receivable increased from CNY 1.8339 billion to CNY 2.2660 billion, reflecting a growth of approximately 23.6%[49]. - Inventory decreased from CNY 2.1492 billion to CNY 2.0136 billion, a reduction of about 6.3%[49]. - The company’s non-current assets increased from CNY 2.9220 billion to CNY 2.9750 billion, reflecting a growth of about 1.8%[52]. - The company’s short-term borrowings remained stable at approximately CNY 695.1 million[52]. Investments and Acquisitions - The company completed the acquisition of Shantui (Dezhou) Engineering Machinery Co., Ltd. and Shandong Degong Machinery Co., Ltd. in March 2022, which was included in the consolidated financial statements[9]. - The company completed the acquisition of 56.6403% of Dezhou Degong and 100% of Shandong Degong for a total transaction price of CNY 413.0827 million[45]. - As of the report date, the company has paid 90% of the equity transfer price, amounting to CNY 371.7744 million[46]. - The company raised a total of RMB 681,712,130.88 through a non-public offering of 236,705,601 shares at a price of RMB 2.88 per share[38]. - After deducting issuance costs of RMB 3,977,688.81, the net proceeds from the offering amounted to RMB 677,734,442.07[38]. - As of March 31, 2022, the company had invested a total of RMB 287,523,138.78 in fundraising projects, with RMB 19,122,430.17 used in the first quarter of 2022[39]. - The company has a remaining balance of RMB 397,533,911.83 in its fundraising account, including interest income and fees[40]. Financial Management and Risk - The company has established various financial service agreements with multiple banks to support its operations[26]. - The company is actively managing its financial risks associated with its financing and leasing operations[27]. - The company has established risk management strategies for its financial derivatives, including stop-loss limits and reverse hedging[33]. - The company plans to continue monitoring and analyzing investment projects to mitigate risks associated with adverse exchange rate fluctuations[33]. - The company has not yet engaged in cash management using idle fundraising funds as per the approved proposals[39]. - The company reduced foreign exchange losses by RMB 15,000 through the use of forward contracts in the first quarter of 2022[34]. - The company signed a forward foreign exchange contract with China Construction Bank for a total amount of USD 12.3098 million, with a starting date of January 21, 2022, and an end date of December 21, 2023[30]. - The company's total investment in financial derivatives at the end of the reporting period was USD 2.78012 million, accounting for 3.84% of the company's net assets[30].