科陆电子(002121) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥580,229,356.34, a decrease of 12.11% compared to ¥660,183,835.63 in the same period last year[3] - The net profit attributable to shareholders was -¥46,996,340.25, representing an 18.70% decline from -¥39,593,519.24 year-over-year[3] - The net cash flow from operating activities was -¥41,039,081.00, a significant decrease of 150.63% compared to ¥81,063,730.88 in Q1 2021[3] - The company's weighted average return on equity was -6.34%, down from -2.80% in the same period last year, indicating a worsening financial performance[3] - Operating profit was reported at -¥67,655,175.18, compared to -¥46,554,141.81 in the previous period, indicating a worsening of approximately 45.3%[34] - Net profit attributable to shareholders of the parent company was -¥46,996,340.25, compared to -¥39,593,519.24, reflecting an increase in losses of about 18.5%[34] - Basic and diluted earnings per share were both -¥0.0334, compared to -¥0.0281 in the previous period[37] - Minority interest loss increased to -¥10,491,156.07 from -¥6,703,108.92, reflecting a worsening of approximately 56.5%[37] Cash Flow - The net cash flow from operating activities was -$41,039,081, a significant decrease compared to $81,063,730 in the previous period[41] - The net cash flow from financing activities was $120,140,271.86, a turnaround from -$83,985,471.81 in the previous period[41] - The total cash and cash equivalents at the end of the period amounted to $332,197,014.23, slightly down from $337,863,046.33 in the previous period[44] - Cash outflow for purchasing goods and services increased to $391,911,060.02 from $289,331,318.13[41] - Cash outflow from operating activities totaled $720,743,833.11, compared to $608,286,163.15 in the previous period[41] - Cash inflow from loans received was $660,118,844.33, significantly higher than $230,000,000.00 in the previous period[41] - Cash outflow for debt repayment was $497,012,733.89, compared to $275,325,000.00 in the previous period[41] - The net increase in cash and cash equivalents for the period was $45,661,133.60, contrasting with a decrease of $155,359,476.74 in the previous period[44] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,248,696,649.00, a slight decrease of 0.38% from ¥8,280,565,107.75 at the end of the previous year[3] - The total current assets amounted to RMB 3,550,094,390.53, a decrease of 1.8% from the beginning of the year[26] - Total liabilities amounted to RMB 7,333,704,940.80, a slight increase from RMB 7,307,717,451.52 at the beginning of the year[30] - The company's total equity decreased to RMB 914,991,708.20 from RMB 972,847,656.23, a decline of 5.9%[30] - The company reported a net loss of RMB 2,756,843,724.26 in retained earnings, worsening from a loss of RMB 2,709,847,384.01 at the beginning of the year[30] Shareholder Information - The second largest shareholder, Mr. Rao Luhua, holds 191,154,035 shares, accounting for 13.57% of the total share capital, with 190,042,301 shares pledged and 191,154,035 shares frozen[16] - The largest shareholder, Shenzhen Capital Operation Group Co., Ltd., holds 24.26% of the shares, totaling 341,685,291 shares[13] - As of the report date, Mr. Rao has passively reduced his holdings by 12,981,173 shares due to judicial enforcement procedures[17] - The company has disclosed significant shareholder pledges and frozen shares, indicating potential liquidity risks[16] - The company has a total of 61,733 common shareholders at the end of the reporting period[13] Investment and Financing Activities - The company plans to issue non-public corporate bonds not exceeding RMB 1 billion, with a term of up to 5 years, and the issuance is currently in progress[19] - The company intends to issue non-public A-shares, with a maximum of 422,504,744 shares and total fundraising not exceeding RMB 2.2 billion, pending shareholder approval and regulatory approval[21] - The company has reached a settlement regarding a loan contract dispute, agreeing to repay a principal of RMB 243 million and overdue interest of RMB 37.33 million[18] - The company is currently facing litigation related to a loan contract dispute, with ongoing legal proceedings[18] Operational Metrics - Research and development expenses increased by 2.30% to ¥47,787,148.42 from ¥46,712,698.12 year-over-year, reflecting ongoing investment in innovation[6] - The company experienced a 41.07% decrease in employee compensation payable, down to ¥45,661,865.04 from ¥77,483,238.31, due to the distribution of year-end bonuses[6] - The company is exploring market expansion strategies and new product development initiatives[20] - The company reported a decrease in non-current asset disposal gains of 14200.13%, with gains of ¥3,375,382.20 compared to ¥23,603.85 in the previous year[10] Inventory and Receivables - Accounts receivable decreased to RMB 1,280,672,850.38 from RMB 1,412,023,515.98, a decline of 9.3%[23] - Inventory increased to RMB 816,609,923.15 from RMB 719,239,791.95, representing a rise of 13.5%[23]