楚江新材(002171) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥9,443,771,622.64, representing a 28.70% increase compared to ¥7,337,876,264.79 in the same period last year[4] - Net profit attributable to shareholders decreased by 5.23% to ¥114,005,715.44 from ¥120,296,657.60 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥78,070,304.93, down 13.86% from ¥90,634,548.34 in the previous year[4] - Total revenue decreased by 8.08% to ¥137,476,379.69 compared to the previous year[14] - Net profit fell by 7.83% to ¥118,655,479.28, impacted by rising transportation costs and temporary delivery issues[14] - Net profit for the current period was ¥118,655,479.28, a decrease of 7.4% compared to ¥128,740,499.95 in the previous period[36] - The total comprehensive income attributable to the parent company was 114,005,715.44, compared to 120,296,657.60 in the previous period, reflecting a decrease of approximately 5.4%[40] Assets and Liabilities - The company's total assets increased by 6.60% to ¥14,137,419,872.33 from ¥13,262,477,708.03 at the end of the previous year[6] - Total liabilities increased to ¥7,495,220,166.44, compared to ¥6,740,231,162.89 in the previous period, representing a rise of 11.2%[32] - The equity attributable to the parent company was ¥6,281,198,538.91, an increase from ¥6,166,265,640.85 in the previous period, showing a growth of 1.9%[32] Cash Flow - Cash flow from operating activities showed a net outflow of ¥1,071,817,135.86, a decline of 41.18% compared to the previous year's outflow of ¥759,208,239.77[4] - The net cash flow from operating activities was -1,071,817,135.86, worsening from -759,208,239.77 in the previous period[44] - Cash received from the sale of goods and services amounted to 9,689,660,112.28, an increase of 28.9% from 7,521,395,389.73 in the previous period[41] - The net cash flow from investing activities was -323,566,907.33, compared to -2,488,329.19 in the previous period, indicating a significant improvement[44] - The company received cash from financing activities amounting to 1,238,628,375.52, an increase from 1,020,269,492.97 in the previous period[46] Operational Challenges - The first quarter saw a significant impact from domestic pandemic restrictions, affecting logistics and personnel movement[14] - The company is actively working on new product development and market expansion strategies to mitigate the impact of external challenges[14] Shareholder Information - The company’s major shareholder, Anhui Chuangjiang Investment Group, holds 32.35% of the shares, totaling 431,739,560 shares[15] - The second-largest shareholder, National Military-Civilian Integration Industry Investment Fund, holds 5.00% of the shares, totaling 66,701,475 shares[15] - The total number of ordinary shareholders at the end of the reporting period was 59,481[15] Employee and Compensation - The company reported a decrease in employee compensation payable to ¥45,092,391.36 from ¥140,153,284.04, a decline of 67.8%[32] - The company paid 275,568,442.79 in employee compensation, up from 190,546,946.83 in the previous period, reflecting a 44.7% increase[44] - The company’s employee stock ownership plan allows for up to 800 employees to acquire shares at a price of 7.00 CNY per share, with a total funding limit of 364 million CNY[22] Investment and Development - The company reported a significant increase in long-term loans by 133.22% to ¥84,444,307.89, mainly for the development and production of high-performance carbon fiber composite materials[11] - Research and development expenses increased to ¥287,009,027.91, compared to ¥231,017,274.17 in the previous period, reflecting a growth of 24.3%[36] - The company is focusing on expanding its advanced copper-based materials and military carbon materials sectors, which continue to grow despite challenges[14]