精工科技(002006) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥370,923,336.44, representing a 16.06% increase compared to ¥319,606,580.57 in the same period last year[4] - Net profit attributable to shareholders was ¥25,238,430.66, a significant increase of 213.37% from ¥8,053,876.68 year-on-year[4] - The net profit after deducting non-recurring gains and losses reached ¥21,326,281.95, up 3,271.69% from ¥632,510.45 in the previous year[4] - Basic and diluted earnings per share were both ¥0.06, reflecting a 200.00% increase from ¥0.02 in the previous year[4] - The company reported a net profit increase, with retained earnings rising to ¥221,142,975.25 from ¥195,904,544.59, a growth of 12.87%[34] - Net profit for the period was ¥24,373,078.75, compared to ¥10,285,373.02 in the previous year, reflecting a significant increase of approximately 137.5%[38] - The company’s total comprehensive income for the period was ¥24,373,078.75, compared to ¥10,285,373.02, reflecting an increase of approximately 137.5%[41] - The company’s total profit amounted to ¥25,575,657.32, up from ¥11,227,041.83, which is an increase of about 128.5%[38] Cash Flow and Liquidity - The net cash flow from operating activities was ¥85,967,179.92, showing a remarkable growth of 540.40% compared to ¥13,424,012.91 in the same quarter last year[4] - Cash flow from operating activities generated ¥85,967,179.92, a substantial increase from ¥13,424,012.91 in the prior period[44] - The net increase in cash and cash equivalents was $51.86 million, up from $20.91 million year-over-year[48] - The ending balance of cash and cash equivalents was $480.84 million, compared to $300.62 million in the previous period[48] - The initial cash and cash equivalents balance was $428.98 million, indicating a strong liquidity position[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,702,737,169.00, a 7.60% increase from ¥2,511,834,460.90 at the end of the previous year[4] - Current assets totaled ¥2,243,462,516.83, up from ¥2,046,717,011.62 at the beginning of the year, reflecting a growth of 9.59%[31] - Total liabilities rose to ¥1,602,749,201.30, compared to ¥1,437,434,768.57 at the start of the year, marking an increase of 11.51%[34] - The company's equity attributable to shareholders increased to ¥1,080,989,296.62 from ¥1,054,535,669.34, a growth of 2.52%[34] Research and Development - The company's R&D expenses increased by 53.86%, primarily due to higher investment in carbon fiber equipment[7] - Research and development expenses rose to ¥27,221,994.84, up from ¥17,692,934.42, marking an increase of about 53.5%[38] Sales and Contracts - The company signed a sales contract with Jilin Baojing Carbon Fiber Co., Ltd. for a complete production line worth RMB 183 million, with a confirmed revenue of RMB 161.95 million for the year 2020[21] - The company has signed contracts with Jilin Guoxing Carbon Fiber Co., Ltd. totaling RMB 650 million for four carbon fiber production lines, with RMB 233 million received as of the report date[22] - A contract worth RMB 330 million was signed with Xinjiang Longju New Materials Co., Ltd. for two complete carbon fiber production lines, with a prepayment of RMB 82.5 million received[23] - A contract for RMB 680 million was signed with Jilin Chemical Fiber Co., Ltd. for four carbon fiber production lines, with a prepayment of RMB 45 million received, and RMB 159 million pending[27] Shareholder Information - The controlling shareholder, Jinggong Group, holds 141,809,800 shares, accounting for 31.16% of the total share capital, with all shares judicially frozen due to debt disputes[19] - As of the report date, shareholder Sun Jianjiang has passively reduced his holdings by 9,103,200 shares, representing 2% of the total share capital, leaving him with 15,404,970 shares, or 3.385% of the total[20] Debt and Guarantees - The company has authorized a total of up to RMB 40 million, RMB 45 million, and RMB 40 million for financing lease business guarantees with various leasing companies[16] - As of March 31, 2022, the company's guarantee balance for customers purchasing equipment through financing leases was RMB 0[16] - The company paid a risk fund of RMB 2,312 million to Huarong Leasing to offset overdue payments from Dahuai New Energy[16] - The total overdue rent for Dahuai New Energy amounted to RMB 9,274 million, with RMB 5,113.93 million owed to Huarong Leasing and RMB 4,160.07 million to Jinjun Leasing[16] - The company has received cash repayments of RMB 56,350,374.73 from Dahuai Group's restructuring plan, with RMB 29,309,370.73 from direct leasing projects[16] - The company expects to recover an additional RMB 2,368.95 million from the remaining unpaid amounts after tax deductions[16] - The company reversed bad debt provisions of RMB 3,653.35 million in 2021 related to priority and ordinary debts[16] Other Financial Information - Total operating costs increased to ¥354,863,489.26 from ¥321,018,058.98, representing a growth of approximately 10.5% year-over-year[38] - Revenue from sales of goods and services received cash of ¥368,199,877.10, compared to ¥256,550,916.63, showing a growth of approximately 43.5%[44] - The company experienced a negative impact of -$106,867.63 from foreign exchange fluctuations on cash and cash equivalents[48] - The first quarter report was not audited[49]