GUOFENG(SZ:000859)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥556,425,801.53, representing a 27.21% increase compared to ¥437,399,347.04 in the same period last year[3] - Net profit attributable to shareholders was ¥99,608,537.38, an increase of 11.47% from ¥89,360,276.11 year-on-year[3] - The total operating revenue for Q1 2022 was CNY 556,425,801.53, an increase of 27.2% compared to CNY 437,399,347.04 in the same period last year[18] - The total profit for Q1 2022 was approximately ¥114 million, an increase from ¥101 million in Q1 2021, representing a growth of about 11.1%[19] - The net profit for Q1 2022 reached ¥99.6 million, compared to ¥88 million in the same period last year, indicating a year-over-year increase of approximately 13.5%[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥19,605,421.09, a decrease of 137.30% compared to ¥52,559,152.86 in the previous year[3] - Operating cash flow for Q1 2022 was negative at approximately -¥19.6 million, a decline from a positive cash flow of ¥52.6 million in Q1 2021[22] - Cash and cash equivalents decreased to CNY 686,728,225.30 from CNY 869,943,216.87 at the beginning of the year, a decline of 21.0%[14] - Cash and cash equivalents at the end of Q1 2022 totaled approximately ¥677.5 million, down from ¥841.3 million at the end of Q1 2021, reflecting a decrease of about 19.4%[23] - The company reported cash inflows from operating activities of approximately ¥493.9 million in Q1 2022, compared to ¥440.4 million in Q1 2021, marking an increase of about 12.1%[22] - Total cash outflows from operating activities were approximately ¥513.5 million in Q1 2022, compared to ¥387.9 million in Q1 2021, representing an increase of about 32.4%[22] - The net cash flow from financing activities for Q1 2022 was approximately ¥51.5 million, significantly higher than ¥10.4 million in Q1 2021, indicating a growth of about 394.4%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,392,798,679.41, up 4.31% from ¥3,252,574,955.66 at the end of the previous year[3] - The total assets as of March 31, 2022, amounted to CNY 3,392,798,679.41, an increase from CNY 3,252,574,955.66 at the beginning of the year[17] - The total liabilities as of March 31, 2022, were CNY 597,317,833.53, compared to CNY 556,702,647.16 at the start of the year, reflecting a rise of 7.0%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,167[10] - The largest shareholder, Hefei Industrial Investment Holding Group Co., Ltd., held 29.11% of the shares, totaling 260,841,634 shares[10] Operating Costs and Expenses - The company reported a 33.66% increase in operating costs, attributed to a year-on-year increase in production and sales volume[7] - The total operating costs for Q1 2022 were CNY 506,395,179.61, up 32.0% from CNY 384,068,847.97 in Q1 2021[18] Non-Recurring Items - Non-recurring gains and losses totaled ¥54,388,016.29, primarily due to gains from the disposal of non-current assets and government subsidies[5] Company Changes - The company changed its name from "Anhui Guofeng Plastic Industry Co., Ltd." to "Anhui Guofeng New Materials Co., Ltd." in January 2022[12] - The company adjusted its fundraising plan for the high-performance microelectronic polyimide film project during the reporting period[12] Other Information - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[24] - The company did not report any significant new product launches or technological advancements during this quarter[19]