东华科技(002140) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥737,548,930.55, a decrease of 10.37% compared to ¥822,892,240.42 in the same period last year[4] - Net profit attributable to shareholders was ¥66,899,044.57, representing an increase of 21.47% from ¥55,075,474.43 year-on-year[4] - Basic earnings per share rose to ¥0.1250, up 21.48% from ¥0.1029 in the same period last year[4] - Total operating revenue for the current period is $737.55 million, down 10.4% from $822.89 million in the previous period[31] - Net profit for the current period is $69.16 million, an increase of 24.8% compared to $55.40 million in the previous period[34] - Total profit for the current period is $80.23 million, an increase of 24.5% from $64.43 million in the previous period[34] Cash Flow - The net cash flow from operating activities reached ¥200,749,981.79, a significant increase of 225.66% compared to ¥61,643,919.35 in the previous year[4] - Cash flow from operating activities generated a net amount of $200.75 million, significantly up from $61.64 million in the previous period[38] - The company's total cash inflow from operating activities was $1.21 billion, up from $1.12 billion in the previous period[38] - Net cash flow from investing activities was -$85,243,657.49, a decrease from $4,041,345.77 in the previous period[41] - Total cash inflow from financing activities was $109,545,200.00, up from $18,204,000.00 year-over-year[41] - Net cash flow from financing activities was $81,680,044.58, compared to -$1,695,850.27 in the previous period[41] - The net increase in cash and cash equivalents was $195,601,872.70, compared to $66,483,285.81 in the prior year[41] - The ending balance of cash and cash equivalents was $2,413,334,741.71, up from $1,833,698,983.39 year-over-year[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,957,140,462.82, reflecting a slight increase of 0.36% from ¥9,921,588,596.43 at the end of the previous year[4] - Total current assets amounted to ¥6,531,982,250.41, up from ¥6,475,546,956.83, representing a growth of approximately 0.87%[24] - Total liabilities decreased slightly to ¥7,089,746,451.11 from ¥7,121,506,260.54, a reduction of about 0.45%[27] - The company's retained earnings rose to ¥1,743,553,748.76 from ¥1,676,630,704.19, reflecting an increase of about 4%[27] - Long-term borrowings increased to ¥1,094,740,000.00 from ¥989,020,000.00, a rise of approximately 11%[27] Shareholder Information - The major shareholder, Chemical Industry Third Design Institute Co., Ltd., holds 58.14% of the shares, totaling 316,962,401 shares[13] - The second-largest shareholder, Bank of Communications - China Ocean Quality Growth Securities Investment Fund, holds 0.86% of the shares, totaling 4,689,729 shares[13] - The company has no reported related party relationships among its top shareholders[13] - The top ten shareholders do not have any reported involvement in margin trading activities[13] Legal Matters - The company has initiated two civil lawsuits against Inner Mongolia Kangle Chemical Industry Co., Ltd. for unpaid project funds, with a total claim of 863.35 million RMB[16] - The asset evaluation report for the project involved in the lawsuit valued the assets at 2.828 billion RMB as of October 28, 2019[16] - The first auction of the assets related to the lawsuit was held in September 2020 but ended without a sale[16] - The company has made efforts to expedite asset disposal and project resumption through court applications[16] - The second auction of the assets was also held in October 2020, which similarly ended without a sale[16] - The company is seeking to terminate the general contracting agreement with Inner Mongolia Kangle and recover outstanding payments[17] - The company is actively pursuing the execution of court judgments to recover project debts and is enhancing communication with local governments and stakeholders for project restructuring[20] - The company has been involved in multiple legal proceedings with Inner Mongolia Kanel, with recent judgments being executed to recover owed amounts[20] Expenses - The company reported a 161.00% increase in financial expenses due to higher interest expenses during the reporting period[8] - Research and development expenses rose to $22.56 million, up 70.5% from $13.23 million in the previous period[31] - Tax expenses increased to $11.07 million, compared to $9.03 million in the previous period, marking a rise of 22.6%[34] Inventory and Receivables - The balance of receivables and notes receivable decreased by 50.74% to ¥30,591,610.00 compared to the beginning of the year[8] - Accounts receivable decreased to ¥441,452,673.38 from ¥509,356,727.10, a decline of about 13%[21] - Inventory rose to ¥177,707,105.64 from ¥150,196,338.95, indicating an increase of around 18%[24]