景兴纸业(002067) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,459,767,590.73, representing an increase of 11.97% compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 33.37% to CNY 77,551,068.98, while the net profit after deducting non-recurring gains and losses fell by 35.76% to CNY 73,342,579.46[4]. - The company's weighted average return on equity was 1.42%, down from 2.42% in the same period last year, reflecting a decline in profitability[4]. - Net profit for Q1 2022 was CNY 84,020,367.81, a decrease of 32.94% from CNY 125,580,728.95 in Q1 2021[23]. - The company's operating profit for Q1 2022 was CNY 83,412,850.01, down 41.19% from CNY 141,902,137.53 in the previous year[23]. - Earnings per share for Q1 2022 was CNY 0.07, compared to CNY 0.10 in Q1 2021[23]. - The company’s total comprehensive income for Q1 2022 was CNY 75,940,041.26, down from CNY 112,278,087.14 in Q1 2021[23]. Cash Flow - The net cash flow from operating activities increased significantly by 335.96% to CNY 103,247,690.22, indicating improved cash generation from core operations[4]. - Cash inflow from operating activities totaled ¥1,631,773,483.06, up from ¥1,247,409,694.64 in the previous period, indicating a growth of approximately 30.8%[25]. - Cash outflow from operating activities increased to ¥1,528,525,792.84 from ¥1,291,166,910.92, reflecting a rise of about 18.4%[25]. - The net cash flow from financing activities improved to ¥37,056,425.45 from -¥46,097,425.08, indicating a positive shift[27]. - The company reported a significant increase in tax refunds received, amounting to ¥88,941,135.38 compared to ¥10,093,046.58 in the previous period, marking an increase of approximately 780.5%[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,940,283,181.97, a slight decrease of 0.30% from the previous year-end[5]. - Total liabilities as of Q1 2022 amounted to CNY 2,225,828,083.59, a decrease from CNY 2,324,908,319.70 in the previous year[21]. - Total equity attributable to shareholders of the parent company was CNY 5,503,006,954.21, an increase from CNY 5,434,184,833.34 year-on-year[21]. - Current assets totaled RMB 3.44 billion, down from RMB 3.54 billion at the beginning of the year[19]. - Cash and cash equivalents increased to RMB 1.35 billion from RMB 1.34 billion at the beginning of the year[18]. - Accounts receivable decreased to RMB 531.83 million from RMB 567.68 million[18]. - Inventory decreased to RMB 591.63 million from RMB 638.18 million[18]. - Short-term borrowings increased to RMB 589.74 million from RMB 547.01 million[19]. - Accounts payable increased to RMB 277.65 million from RMB 241.36 million[19]. Operational Developments - The company plans to invest in a project in Jiangsu Province to produce 2 million tons of packaging paper and household paper annually[16]. - The company has established a wholly-owned subsidiary, Jingxing (Jiangsu) Environmental Technology Co., Ltd., with a registered capital of RMB 10 million[16]. - The company is in the process of shutting down Nanjing Jingxing due to poor financial performance, with a severance provision of RMB 11.71 million[16]. - The company reported a significant increase in contract liabilities by 69.82%, primarily due to an increase in advance payments received[10]. Expenses - Total operating costs for Q1 2022 were CNY 1,475,575,185.44, up 25.43% from CNY 1,176,168,520.56 year-on-year[21]. - The company reported a decrease in research and development expenses to CNY 36,606,162.91 from CNY 50,737,870.84 in the previous year[21]. - Financial expenses decreased by 84.56% compared to the previous year, mainly due to reduced interest expenses[11].