启明信息(002232) - 2022 Q1 - 季度财报

I. Key Financial Data This section presents the company's key financial performance indicators, non-recurring gains and losses, and detailed explanations for significant changes in financial statement items for the reporting period 1. Key Accounting Data and Financial Indicators The company demonstrated strong financial performance in Q1 2022, with revenue growing by 80.66%, net profit attributable to shareholders by 49.95%, and operating cash flow by 293.78%, indicating robust operational efficiency and cash recovery Key Accounting Data and Financial Indicators | Indicator | Current Period (RMB) | Prior Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 283,574,514.51 | 156,966,597.42 | 80.66% | | Net Profit Attributable to Parent Company Shareholders | 8,400,168.30 | 5,602,026.33 | 49.95% | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-Recurring Items) | 7,645,665.99 | 4,117,487.91 | 85.69% | | Net Cash Flow from Operating Activities | 53,070,676.14 | -27,386,778.78 | 293.78% | | Basic Earnings Per Share | 0.0206 | 0.0137 | 50.36% | | Diluted Earnings Per Share | 0.0206 | 0.0137 | 50.36% | | Weighted Average Return on Net Assets | 0.63% | 0.43% | 0.20% | | Period-End Indicator | Current Period-End (RMB) | Prior Year-End (RMB) | Period-End vs. Prior Year-End Change | | Total Assets | 2,061,090,265.15 | 2,119,725,628.19 | -2.77% | | Owners' Equity Attributable to Parent Company Shareholders | 1,337,484,019.98 | 1,329,083,851.68 | 0.63% | 2. Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for the period amounted to RMB 754,502.31, primarily from disposal of non-current assets, government grants, and other non-operating income/expenses, positively contributing to net profit Non-Recurring Gains and Losses | Item | Amount for Current Period (RMB) | | :--- | :--- | | Gains or losses from disposal of non-current assets | 20,519.86 | | Government grants recognized in current profit or loss | 592,969.26 | | Other non-operating income and expenses apart from the above | 274,160.65 | | Less: Income tax impact | 133,147.46 | | Total | 754,502.31 | - The company has not classified any non-recurring gains and losses items as recurring items[5] 3. Changes and Reasons for Key Accounting Data and Financial Indicators This quarter saw significant changes in multiple key indicators across the balance sheet, income statement, and cash flow statement, with specific reasons detailed in subsequent sub-sections (a) Balance Sheet Item Changes Balance sheet changes primarily include a 33% decrease in other receivables due to reduced revenue recognition under the net method, a 101% increase in contract assets from higher operation and maintenance service revenue, and a 55% decrease in taxes payable due to year-end VAT payments - Other receivables decreased by 33% to RMB 15.46 million at period-end, mainly due to reduced payments to third parties for specific goods when recognizing revenue on a net basis[6] - Contract assets increased by 101% to RMB 92.81 million at period-end, primarily due to increased revenue recognized over time from enterprise operation and maintenance service projects[6] - Taxes payable decreased by 55% to RMB 1.75 million at period-end, mainly due to the payment of prior year-end value-added tax at the beginning of the year[6] (b) Income Statement Item Changes Income statement items showed significant changes, with revenue and cost of sales increasing by 81% and 91% respectively due to accelerated project acceptance, and a 39% rise in R&D expenses reflecting increased investment - Operating revenue for the current period was RMB 283.57 million, an 81% increase year-over-year; operating costs were RMB 249.72 million, a 91% increase year-over-year, primarily due to the company accelerating project acceptance progress[6][9] - Research and development expenses for the current period were RMB 6.54 million, a 39% increase year-over-year, mainly due to increased R&D investment by the company[9] - Credit impairment losses for the current period were RMB 6.22 million, a 123% decrease year-over-year, primarily due to reduced bad debt provision as a result of collections on accounts receivable and other receivables[9] - Asset impairment losses for the current period were -RMB 1.20 million, a 720% increase year-over-year, mainly due to increased bad debt provisions resulting from an increase in contract assets[9] - Non-operating income for the current period was RMB 0.28 million, a 685% increase year-over-year, primarily due to the receipt of liquidated damages[9] (c) Cash Flow Statement Item Changes Cash flow statement changes include a significant 294% increase in net operating cash flow to RMB 53.07 million due to enhanced accounts receivable collection, and a 103% rise in net investing cash flow from matured time deposits - Net cash flow from operating activities was RMB 53.07 million, a 294% increase year-over-year, primarily due to intensified efforts in accounts receivable collection and accelerated cash recovery[9] - Net cash flow from investing activities was RMB 0.55 million, a 103% increase year-over-year, mainly due to the recovery of matured time deposits[10] - Net cash flow from financing activities was -RMB 0.16 million, a 100% decrease year-over-year, primarily due to increased payments for the repayment of lease liabilities[10] II. Shareholder Information This section provides an overview of the company's ordinary and preferred shareholders, including the total number of shareholders and the top ten shareholders' holdings 1. Total Number of Ordinary Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 73,660 ordinary shareholders, with China FAW Group Co., Ltd. as the controlling shareholder holding 48.67% of shares, and no associated relationships or concerted actions among the top ten shareholders - The total number of ordinary shareholders at the end of the reporting period was 73,660[11] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | China FAW Group Co., Ltd. | State-owned Legal Entity | 48.67% | 198,854,344 | | Changchun Jingyue High-tech Industrial Development Zone Smart City Construction Development Co., Ltd. | State-owned Legal Entity | 7.05% | 28,785,379 | | Mo Hanjie | Domestic Natural Person | 0.26% | 1,045,600 | | Zhang Liming | Domestic Natural Person | 0.16% | 639,800 | | Vanguard Investments Australia Ltd. - Vanguard Emerging Markets Stock Index Fund (Exchange) | Overseas Legal Entity | 0.13% | 534,874 | | CITIC Securities Co., Ltd. | State-owned Legal Entity | 0.13% | 522,367 | | Gou Yusen | Domestic Natural Person | 0.13% | 511,000 | | Hu Yusheng | Domestic Natural Person | 0.12% | 492,700 | | Chen Xiaoqing | Domestic Natural Person | 0.12% | 489,400 | | Tang Zongbing | Domestic Natural Person | 0.12% | 486,900 | - The company's controlling shareholder, China FAW Group Co., Ltd., has no associated relationships or concerted actions with other top ten shareholders[15] 2. Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company had no preferred shareholders during the current reporting period - The company has no preferred shareholders[15] III. Other Significant Matters This section confirms that there are no other significant matters requiring disclosure for the current reporting period 1. Other Significant Matters There are no other significant matters requiring disclosure by the company for the current reporting period - The company has no other significant matters for the current reporting period[16] IV. Quarterly Financial Statements This section presents the company's unaudited consolidated financial statements for the first quarter, including the balance sheet, income statement, and cash flow statement 1. Financial Statements This section provides the company's consolidated balance sheet, income statement, and cash flow statement for Q1 2022, detailing financial position, operating results, and cash flows for the period (a) Consolidated Balance Sheet As of March 31, 2022, total assets were RMB 2.06 billion, a slight decrease of 2.77% from the beginning of the year, with total liabilities at RMB 0.72 billion and total owner's equity at RMB 1.34 billion | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 705,537,218.34 | 652,905,635.17 | | Accounts Receivable | 236,326,658.94 | 323,281,332.10 | | Contract Assets | 92,813,852.15 | 46,183,796.60 | | Total Current Assets | 1,631,086,772.81 | 1,679,010,082.54 | | Total Non-Current Assets | 430,003,492.34 | 440,715,545.65 | | Total Assets | 2,061,090,265.15 | 2,119,725,628.19 | | Accounts Payable | 385,990,343.86 | 455,703,965.51 | | Contract Liabilities | 206,979,644.78 | 199,596,959.60 | | Total Current Liabilities | 648,139,032.19 | 714,791,101.10 | | Total Non-Current Liabilities | 75,467,212.98 | 75,850,675.41 | | Total Liabilities | 723,606,245.17 | 790,641,776.51 | | Total Equity Attributable to Parent Company Owners | 1,337,484,019.98 | 1,329,083,851.68 | | Total Owners' Equity | 1,337,484,019.98 | 1,329,083,851.68 | (b) Consolidated Income Statement In Q1 2022, the company achieved total operating revenue of RMB 283.57 million, an 80.66% year-over-year increase, with net profit attributable to parent company owners at RMB 8.40 million and basic earnings per share of RMB 0.0206 | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 283,574,514.51 | 156,966,597.42 | | Operating Costs | 249,723,586.64 | 131,076,662.11 | | Selling Expenses | 2,529,450.60 | 2,964,407.75 | | Administrative Expenses | 21,714,951.37 | 17,276,429.96 | | Research and Development Expenses | 6,538,458.10 | 4,717,267.19 | | Financial Expenses | -3,026,698.18 | -3,671,024.33 | | Credit Impairment Losses | 6,215,446.08 | 2,790,096.97 | | Asset Impairment Losses | -1,198,094.76 | -146,060.79 | | Operating Profit | 9,855,520.99 | 6,975,990.41 | | Total Profit | 10,129,681.64 | 7,002,590.27 | | Net Profit | 8,400,168.30 | 5,602,026.33 | | Net Profit Attributable to Parent Company Owners | 8,400,168.30 | 5,602,026.33 | | Basic Earnings Per Share | 0.0206 | 0.0137 | (c) Consolidated Cash Flow Statement In Q1 2022, net cash flow from operating activities significantly improved to RMB 53.07 million, with net cash flow from investing activities at RMB 0.55 million, and period-end cash and cash equivalents totaling RMB 695.28 million | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | | :--- | :--- | :--- | | Subtotal Cash Inflows from Operating Activities | 357,547,438.75 | 245,098,632.61 | | Subtotal Cash Outflows from Operating Activities | 304,476,762.61 | 272,485,411.39 | | Net Cash Flow from Operating Activities | 53,070,676.14 | -27,386,778.78 | | Subtotal Cash Inflows from Investing Activities | 21,753,722.57 | 3,602,820.24 | | Subtotal Cash Outflows from Investing Activities | 21,201,364.61 | 21,841,981.00 | | Net Cash Flow from Investing Activities | 552,357.96 | -18,239,160.76 | | Subtotal Cash Inflows from Financing Activities | | | | Subtotal Cash Outflows from Financing Activities | 164,946.16 | | | Net Cash Flow from Financing Activities | -164,946.16 | | | Net Increase in Cash and Cash Equivalents | 53,443,173.93 | -45,635,081.81 | | Period-End Cash and Cash Equivalents Balance | 695,278,314.24 | 936,449,701.00 | 2. Audit Report This quarterly report has not been audited - The company's Q1 2022 report is unaudited[42]