禾盛新材(002290) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 548,111,064.94, representing a 6.13% increase compared to CNY 516,448,465.93 in the same period last year[3] - Net profit attributable to shareholders decreased by 29.88% to CNY 24,377,479.68 from CNY 34,767,045.59 year-on-year[3] - The basic earnings per share decreased by 28.57% to CNY 0.10 from CNY 0.14 in the same period last year[3] - Operating profit for Q1 2022 was 29,180,579.81 CNY, compared to 42,200,402.05 CNY in the same period last year, indicating a decline of approximately 30.9%[18] - Net profit for Q1 2022 was 24,377,479.68 CNY, down from 34,767,045.59 CNY in Q1 2021, reflecting a decrease of about 29.9%[19] Cash Flow and Liquidity - The net cash flow from operating activities significantly improved to CNY 93,608,820.82, a 429.47% increase from a negative CNY 28,411,949.05 in the previous year[3] - Cash flow from operating activities generated a net inflow of 93,608,820.82 CNY in Q1 2022, a significant improvement compared to a net outflow of 28,411,949.05 CNY in Q1 2021[20] - The company's cash and cash equivalents increased to CNY 331,577,797.52 from CNY 273,127,657.89 at the beginning of the year, reflecting a growth of approximately 21.4%[13] - Cash and cash equivalents at the end of Q1 2022 totaled 246,620,583.19 CNY, up from 146,475,686.25 CNY at the end of Q1 2021, representing an increase of approximately 68.4%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,610,436,323.95, down 1.49% from CNY 1,634,854,623.94 at the end of the previous year[3] - The total assets decreased from CNY 1,634,854,623.94 at the beginning of the year to CNY 1,610,436,323.95, a reduction of about 1.5%[15] - The total liabilities decreased from CNY 1,106,858,617.07 to CNY 1,054,908,834.28, showing a decline of approximately 4.7%[15] - The company’s inventory increased to CNY 441,533,441.18 from CNY 428,194,762.23, representing a growth of about 3.1%[13] Shareholder Equity - The company's equity attributable to shareholders increased by 5.21% to CNY 555,527,489.67 from CNY 527,996,006.87 at the end of the previous year[3] - The company’s total equity attributable to shareholders increased from CNY 527,996,006.87 to CNY 555,527,489.67, reflecting a growth of approximately 5.2%[15] Expenses and Costs - Management expenses rose by 43.48% to CNY 10,215,728.77, primarily due to the amortization of restricted stock expenses[6] - Total operating costs for Q1 2022 were 521,678,508.87 CNY, compared to 474,303,244.36 CNY in Q1 2021, reflecting an increase of about 10%[18] - Research and development expenses increased to 16,523,715.85 CNY in Q1 2022 from 14,267,453.46 CNY in Q1 2021, marking a rise of about 15.8%[18] Other Notable Points - The company reported a significant increase in contract liabilities by 190.36% to CNY 9,392,823.02, attributed to an increase in advance payments received[6] - The company has pledged real estate assets for financing, including CNY 40 million and CNY 19.9 million from different banks[10] - The company reported a net loss of CNY 864,682,253.84, an improvement from a loss of CNY 889,059,733.52 in the previous period[15] - The company has a significant risk of change in actual control due to the legal issues faced by its actual controller[11] - The company did not report any new product launches or significant market expansion strategies during the quarter[22]