ST升达(002259) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥378,899,662.33, representing a 40.80% increase compared to ¥269,113,199.33 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥3,738,069.42, a decrease of 120.89% from a profit of ¥17,891,111.57 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥921,310.41, down 95.58% from ¥20,851,747.10 year-on-year[4] - The total operating revenue for the first quarter of 2022 was RMB 378,899,662.33, an increase of 40.9% compared to RMB 269,113,199.33 in the same period last year[22] - The net profit for Q1 2022 was a loss of CNY 4,213,772.86, compared to a net profit of CNY 17,681,615.99 in Q1 2021, indicating a significant decline[24] - The total profit for Q1 2022 was a loss of CNY 2,479,705.71, compared to a profit of CNY 23,899,925.85 in Q1 2021, indicating a significant downturn[23] Cash Flow and Liquidity - The net cash flow from operating activities increased by 94.94% to ¥49,088,398.57, compared to ¥25,181,669.74 in the same period last year[4] - Cash flow from operating activities generated a net cash inflow of CNY 49,088,398.57 in Q1 2022, compared to CNY 25,181,669.74 in Q1 2021, showing an increase of about 94.8%[27] - The company's cash and cash equivalents at the end of the first quarter amounted to RMB 209,904,718.01, up from RMB 165,409,630.90 at the beginning of the year, reflecting a growth of 26.9%[18] - The cash and cash equivalents at the end of Q1 2022 amounted to CNY 108,470,182.97, up from CNY 59,515,695.09 at the end of Q1 2021, representing an increase of approximately 82.2%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥987,390,159.06, a 2.06% increase from ¥967,473,235.71 at the end of the previous year[4] - The total assets of the company as of March 31, 2022, were RMB 987,390,159.06, compared to RMB 967,473,235.71 at the beginning of the year, indicating an increase of 2.9%[20] - The total liabilities increased to RMB 865,065,284.18 from RMB 843,178,766.05, representing a rise of 2.6%[20] - The company has reported a decrease in inventory from RMB 29,166,357.93 to RMB 23,339,206.64, a reduction of 20.0%[18] - The company has reported a total of RMB 303,111,499.55 in other payables, slightly increasing from RMB 301,058,427.96[20] Operating Costs and Expenses - The company's operating costs increased by 62.85% to ¥353,462,076.99, driven by rising raw material prices[8] - The total operating costs for Q1 2022 were CNY 376,771,621.73, an increase from CNY 242,245,125.26 in Q1 2021, representing a growth of approximately 55.6%[23] - The cash paid for purchasing goods and services increased by 36.15% to ¥352,988,958.24, reflecting higher payment obligations[9] - The company incurred sales expenses of CNY 872,353.77 in Q1 2022, down from CNY 1,087,915.82 in Q1 2021, reflecting a decrease of approximately 19.8%[23] - The company reported a decrease in financial expenses, with interest expenses at CNY 10,589,637.22 in Q1 2022, down from CNY 13,429,350.56 in Q1 2021, a reduction of about 21.7%[23] Legal and Management Changes - The company has ongoing litigation related to securities false statements, with a total of 21 cases and a claimed amount of RMB 648.45 million as of the report date[17] - The company appointed a new general manager and financial director in January 2022, indicating a shift in management structure[17] - The company has been involved in a significant lawsuit regarding a guarantee case, which was resolved in its favor, relieving it of the liability[15] - The company has made provisions for potential liabilities related to ongoing litigation, reflecting a proactive approach to risk management[17] Non-Operating Income - The company reported a significant increase in non-operating income, which rose by 4318.83% to ¥4,375,620.72, mainly from litigation execution payments received[8]