神开股份(002278) - 2022 Q1 - 季度财报

Important Notice The board, supervisory board, and senior management guarantee the report's truthfulness, while financial officers confirm financial data accuracy; this report is unaudited - The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report[4] - The company's head, chief accountant, and head of accounting department declare the financial information is true, accurate, and complete[4] - This first quarter report is unaudited[4] Key Financial Data Key Accounting Data and Financial Indicators Q1 2022 performance was poor, with revenue down 31.74%, net profit turning to loss by 465.25%, and operating cash flow significantly deteriorating Q1 2022 Key Accounting Data and Financial Indicators (YoY) | Indicator | Current Period (CNY) | Prior Year Same Period (CNY) | Change from Prior Year Same Period | | :--- | :--- | :--- | :--- | | Operating Revenue | 99,753,310.26 | 146,142,913.45 | -31.74% | | Net Profit Attributable to Shareholders of the Listed Company | -12,614,306.71 | 3,453,584.36 | -465.25% | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-Recurring Gains and Losses | -15,009,911.21 | 130,190.42 | -11,629.20% | | Net Cash Flow from Operating Activities | -67,575,035.08 | -41,109,093.53 | -64.38% | | Basic Earnings Per Share (CNY/share) | -0.035 | 0.009 | -488.89% | | Diluted Earnings Per Share (CNY/share) | -0.035 | 0.009 | -488.89% | | Weighted Average Return on Net Assets | -1.14% | 0.35% | -1.49% | Q1 2022 End-of-Period Key Balance Sheet Indicators (vs. End of Previous Year) | Indicator | End of Current Period (CNY) | End of Prior Year (CNY) | Change from End of Prior Year | | :--- | :--- | :--- | :--- | | Total Assets | 1,693,992,231.90 | 1,771,255,995.61 | -4.36% | | Owners' Equity Attributable to Shareholders of the Listed Company | 1,098,953,056.78 | 1,108,181,382.25 | -0.83% | Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled CNY 2,395,604.50 this period, mainly from asset disposal, government subsidies, and bank wealth management, positively impacting net profit Q1 2022 Non-Recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (CNY) | Explanation | | :--- | :--- | :--- | | Gains or losses from disposal of non-current assets | 177,785.38 | Gains from disposal of fixed assets in the reporting period | | Government subsidies recognized in current profit or loss | 2,132,164.54 | Primarily various government subsidies obtained and recognized in profit or loss during the reporting period | | Investment income from disposal of trading financial assets, trading financial liabilities, and available-for-sale financial assets | 428,805.07 | Primarily bank wealth management income in the reporting period | | Other non-operating income and expenses | -66,634.58 | | | Less: Income tax impact | 267,910.21 | | | Less: Impact on minority interests (after tax) | 8,605.70 | | | Total | 2,395,604.50 | -- | Changes and Reasons for Key Accounting Data and Financial Indicators Key metrics across financial statements changed significantly due to reduced sales from COVID-19, exchange rate fluctuations, wealth management redemptions, and increased interest expenses Balance Sheet Item Changes and Reasons Trading financial assets decreased due to wealth management redemptions, prepayments and construction in progress increased, while employee compensation and taxes payable decreased due to payments Balance Sheet Key Item Changes (End of Period vs. Beginning of Year) | Statement Item | March 31, 2022 (CNY) | January 1, 2022 (CNY) | Change Percentage | | :--- | :--- | :--- | :--- | | Trading Financial Assets | 24,571,113.90 | 45,911,141.41 | -46.48% | | Prepayments | 15,825,074.91 | 8,099,612.59 | 95.38% | | Construction in Progress | 4,393,946.07 | 1,704,083.25 | 157.85% | | Employee Compensation Payable | 1,994,090.90 | 10,078,462.72 | -80.21% | | Taxes Payable | 14,258,011.56 | 31,513,841.59 | -54.76% | - Trading financial assets decreased by 46.48%, primarily due to fewer unredeemed bank wealth management products at the end of the period compared to the beginning of the year[9] - Prepayments increased by 95.38%, mainly due to increased prepayments to suppliers at the end of the period compared to the beginning of the year[10] - Employee compensation payable decreased by 80.21%, primarily due to the payment of employee salaries and Chinese New Year bonuses accrued at the beginning of the year[10] Income Statement Item Changes and Reasons Operating revenue and costs declined due to pandemic-related sales reductions, financial expenses surged from exchange rate changes and interest, while investment and asset disposal gains decreased Income Statement Key Item Changes (YoY) | Statement Item | January-March 2022 (CNY) | January-March 2021 (CNY) | Change Percentage | | :--- | :--- | :--- | :--- | | Operating Revenue | 99,753,310.26 | 146,142,913.45 | -31.74% | | Operating Costs | 67,683,998.88 | 97,693,049.60 | -30.72% | | Financial Expenses | 1,506,922.50 | -15,485.47 | 9831.20% | | Investment Income | 368,832.58 | 1,370,347.16 | -73.08% | | Gains from Changes in Fair Value | 59,972.49 | -585,262.87 | 110.25% | | Credit Impairment Losses | 1,439,016.09 | -74,059.67 | -2043.05% | | Gains from Asset Disposal | 177,785.38 | 1,086,753.24 | -83.64% | | Income Tax Expense | 854,846.81 | 2,420,889.50 | -64.69% | | Exchange Differences on Translation of Foreign Currency Financial Statements | -123,276.36 | 236,668.34 | -152.09% | - Both operating revenue and operating costs decreased, primarily due to reduced sales orders impacted by the COVID-19 pandemic[11][12] - Financial expenses significantly increased by 9831.20%, mainly due to exchange rate fluctuations and increased interest expenses[12] - Investment income decreased by 73.08%, primarily because bank wealth management product income this period was lower than the same period last year[12] Cash Flow Statement Item Changes and Reasons Net operating cash flow deteriorated from reduced sales collections and increased purchases, net investing cash flow decreased from lower wealth management redemptions, and net financing cash flow improved from bank loan differences Cash Flow Statement Key Item Changes (YoY) | Statement Item | January-March 2022 (CNY) | January-March 2021 (CNY) | Change Percentage | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -67,575,035.08 | -41,109,093.53 | -64.38% | | Net Cash Flow from Investing Activities | 18,530,818.44 | 85,975,044.82 | -78.45% | | Net Cash Flow from Financing Activities | -4,166,929.49 | -20,958,420.64 | 80.12% | - Net cash flow from operating activities decreased by 64.38%, primarily due to lower sales collections and higher procurement amounts compared to the same period last year[13] - Net cash flow from investing activities decreased by 78.45%, mainly because the redemption amount of unredeemed bank wealth management products at the end of this period was lower than the same period last year[13] - Net cash flow from financing activities increased by 80.12%, primarily because the difference between bank loans obtained and repaid this period was greater than the same period last year[13] Shareholder Information Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings The company had 16,922 common shareholders; among the top ten, Shanghai Yexiang Investment Management Co., Ltd. held the largest stake, with all shares pledged and frozen; some shareholders have related party relationships - The total number of common shareholders at the end of the reporting period was 16,922[15] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | Pledged, Marked, or Frozen Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Yexiang Investment Management Co., Ltd. | Domestic Non-State-Owned Legal Person | 13.07% | 47,577,481 | 0 | Pledged 42,000,000, Frozen 47,577,481 | | Li Qingjiang | Domestic Natural Person | 11.54% | 42,006,669 | 0 | - | | Wang Xiangwei | Domestic Natural Person | 6.20% | 22,561,561 | 0 | - | | Li Fangying | Domestic Natural Person | 5.29% | 19,253,140 | 16,148,355 | - | | Zheng Guofang | Domestic Natural Person | 2.89% | 10,522,921 | 0 | - | | Shanghai Shenkai Petroleum Chemical Equipment Co., Ltd. - First Phase Employee Stock Ownership Plan | Other | 2.75% | 10,000,000 | 0 | - | | Zhao Shurong | Domestic Natural Person | 2.70% | 9,822,775 | 0 | - | | Zhao Xinyi | Domestic Natural Person | 2.01% | 7,315,085 | 5,486,314 | - | | He Yan | Domestic Natural Person | 1.10% | 4,000,100 | 0 | - | | Lin Yimei | Domestic Natural Person | 0.86% | 3,119,400 | 0 | - | - Shareholders Li Fangying and Zhao Shurong are a married couple, and Li Fangying and Zhao Xinyi are mother and daughter, forming a concerted action group[16] Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company has no preferred shareholders - The company has no preferred shareholders[17] Other Important Matters There are no other important matters requiring disclosure by the company in this reporting period - The company has no other important matters[17] Quarterly Financial Statements Financial Statements This section presents the company's Q1 2022 consolidated balance sheet, income statement, and cash flow statement, detailing financial position, operating results, and cash flows Consolidated Balance Sheet As of March 31, 2022, total consolidated assets were CNY 1.694 billion, slightly down from the beginning of the year, with CNY 1.213 billion in current assets and CNY 481 million in non-current assets; total liabilities were CNY 523 million, and total owner's equity was CNY 1.171 billion Consolidated Balance Sheet Key Data (Period-End) | Item | Period-End Balance (CNY) | | :--- | :--- | | Total Assets | 1,693,992,231.90 | | Total Current Assets | 1,212,529,153.51 | | Total Non-Current Assets | 481,463,078.39 | | Total Liabilities | 523,030,696.81 | | Total Current Liabilities | 476,566,592.23 | | Total Non-Current Liabilities | 46,464,104.58 | | Total Owners' Equity | 1,170,961,535.09 | | Total Owners' Equity Attributable to the Parent Company | 1,098,953,056.78 | Consolidated Income Statement In Q1 2022, total operating revenue was CNY 99.75 million and total operating costs were CNY 114 million, resulting in an operating loss of CNY 10.08 million; net profit was a loss of CNY 11 million, net profit attributable to parent company owners was a loss of CNY 12.61 million, and basic earnings per share was -CNY 0.035 Consolidated Income Statement Key Data (Current Period) | Item | Current Period Amount (CNY) | | :--- | :--- | | Total Operating Revenue | 99,753,310.26 | | Total Operating Costs | 114,007,269.44 | | Operating Profit | -10,076,188.10 | | Total Profit | -10,142,822.68 | | Net Profit | -10,997,669.49 | | Net Profit Attributable to Owners of the Parent Company | -12,614,306.71 | | Basic Earnings Per Share | -0.035 | | Diluted Earnings Per Share | -0.035 | Consolidated Cash Flow Statement In Q1 2022, net cash flow from operating activities was a negative CNY 67.58 million, net cash flow from investing activities was CNY 18.53 million, and net cash flow from financing activities was a negative CNY 4.17 million; period-end cash and cash equivalents totaled CNY 156 million Consolidated Cash Flow Statement Key Data (Current Period) | Item | Current Period Amount (CNY) | | :--- | :--- | | Net Cash Flow from Operating Activities | -67,575,035.08 | | Net Cash Flow from Investing Activities | 18,530,818.44 | | Net Cash Flow from Financing Activities | -4,166,929.49 | | Net Increase in Cash and Cash Equivalents | -53,488,303.19 | | Period-End Balance of Cash and Cash Equivalents | 155,594,737.26 | Audit Report The company's Q1 2022 report is unaudited - The company's first quarter report is unaudited[28]