泰和新材(002254) - 2022 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2022 was CNY 1,055,622,031.35, an increase of 10.57% compared to CNY 954,674,161.32 in the same period last year[3] - Net profit attributable to shareholders decreased by 17.59% to CNY 145,875,780.43 from CNY 177,012,340.06 year-on-year[3] - Total operating revenue for the current period reached ¥1,055,622,031.35, an increase of approximately 10.6% compared to ¥954,674,161.32 in the previous period[36] - Net profit attributable to the parent company was ¥145,875,780.43, a decrease of 17.5% from ¥177,012,340.06 in the previous period[41] - The company reported a net profit of ¥165,778,042.01, down from ¥208,334,757.87, indicating a decline of approximately 20.4%[41] Cash Flow - Net cash flow from operating activities was negative CNY 18,738,197.98, a decrease of 107.63% compared to CNY 245,484,112.99 in the previous year[3] - Cash flow from operating activities totaled ¥560,023,377.16, compared to ¥548,379,400.89 in the previous period, showing a slight increase[43] - The net cash flow from operating activities was -$18.74 million, a significant decrease from $245.48 million in the previous period[46] - Cash outflow from operating activities totaled $578.76 million, compared to $302.90 million last year[46] Assets and Liabilities - Total assets increased by 2.83% to CNY 8,362,232,976.82 from CNY 8,132,000,968.49 at the end of the previous year[3] - Total non-current assets increased from CNY 3,649,232,407.74 to CNY 3,935,113,059.15, an increase of approximately 7.85%[31] - Total liabilities reached ¥3,602,017,559.86, up from ¥3,574,711,039.22, indicating a growth of approximately 0.8%[35] - Current liabilities decreased from CNY 1,942,862,939.18 to CNY 1,904,450,033.85, a decrease of approximately 1.97%[31] Receivables and Prepayments - Accounts receivable increased by 204.38% compared to the beginning of the period, mainly due to an increase in receivables not yet settled[6] - Other receivables rose by 186.76% compared to the beginning of the period, mainly due to an increase in receivables for government interest subsidies[8] - Prepayments increased by 72.71% compared to the beginning of the period, primarily due to an increase in prepayments for raw materials[7] - The company reported a significant increase in accounts receivable, indicating potential growth in sales or changes in credit policy[28] Cash and Equivalents - Cash and cash equivalents decreased from CNY 2,452,088,924.36 to CNY 2,266,417,606.51, representing a decrease of about 7.59%[28] - The ending cash and cash equivalents balance was $2.04 billion, down from $2.67 billion at the end of the previous period[46] Operating Costs and Expenses - Total operating costs amounted to ¥870,503,127.26, up from ¥701,215,424.99, reflecting a rise of about 24.2%[36] - Research and development expenses increased to ¥36,986,004.98 from ¥33,972,656.69, representing an increase of about 8.9%[39] Investment Activities - Total cash inflow from investment activities was $725.77 million, compared to $203.92 million last year[46] - The net cash flow from investment activities was -$248.80 million, worsening from -$122.91 million year-over-year[46] - Cash outflow for investment activities was $974.57 million, significantly higher than $326.83 million in the previous period[46] Company Strategy and Future Plans - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[41] - The company initiated a non-public offering of A-shares in 2021, with significant regulatory milestones achieved in 2022[24] Other Information - The company did not undergo an audit for the first quarter report[47] - The impact of exchange rate changes on cash and cash equivalents was -$812,901.21, contrasting with a positive impact of $1.22 million last year[46]