和而泰(002402) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,240,464,914.83, a decrease of 2.70% compared to ¥1,274,848,212.03 in the same period last year[7]. - Net profit attributable to shareholders was ¥71,479,619.17, down 33.79% from ¥107,963,723.15 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥57,398,502.08, a decline of 42.58% compared to ¥99,955,310.54 in the previous year[7]. - Operating profit decreased to CNY 91,876,769.22, down 30.4% from CNY 131,986,084.65[39]. - Net profit for the period was CNY 77,308,196.94, compared to CNY 110,286,400.77 in the previous year, reflecting a decline of 30%[39]. - The weighted average return on equity decreased to 1.96%, down 1.54% from 3.50% in the previous year[7]. - The total comprehensive income amounted to 83,952,431.05 CNY, down from 110,437,395.80 CNY, indicating a decrease of about 24.0%[42]. - Basic and diluted earnings per share were both 0.0782 CNY, down from 0.1182 CNY in the previous period, representing a decline of approximately 33.8%[42]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥19,965,072.35, compared to a negative cash flow of ¥61,315,409.11 in the same period last year, representing a 132.56% increase[7]. - The net cash flow from investing activities improved by 45.80%, resulting in a net outflow of ¥56,454,638.72 compared to a larger outflow in the previous year[15]. - Cash and cash equivalents at the end of the period were CNY 1,200,000,000.00, a decrease from CNY 1,300,000,000.00[34]. - Cash and cash equivalents at the end of the period totaled 805,966,574.28 CNY, compared to 1,076,026,821.26 CNY at the end of the previous period, showing a decrease of about 25.1%[48]. - The company reported a cash balance of approximately CNY 938.73 million at the end of Q1 2022, up from CNY 904.93 million at the beginning of the year[27]. - Total assets at the end of the reporting period were ¥7,207,510,406.46, reflecting a 0.91% increase from ¥7,142,559,841.30 at the end of the previous year[7]. - The company’s total equity increased to CNY 4,030,951,453.49 from CNY 3,946,888,549.05[34]. Liabilities and Expenses - Financial expenses surged by 505.43% to ¥10,671,748.49, primarily due to increased exchange rate losses[14]. - Total operating costs increased to CNY 1,168,318,892.05, up 1.5% from CNY 1,147,734,784.90[39]. - Total liabilities decreased slightly to CNY 3,176,558,952.97 from CNY 3,195,671,292.25[34]. - The company reported a financial expense of CNY 10,671,748.49, compared to a financial income of CNY 2,632,228.39 in the previous year[39]. - Research and development expenses were CNY 59,590,089.19, slightly up from CNY 58,765,611.80[39]. Operational Challenges and Strategies - In Q1 2022, the company faced challenges due to rising raw material prices and logistics issues, impacting production and operational costs[22]. - The gross profit margin decreased compared to the same period last year, leading to a decline in net profit attributable to shareholders[23]. - The company is closely monitoring supply market trends and maintaining communication with suppliers to mitigate cost pressures[23]. - The company plans to increase production capacity utilization and reduce costs to ensure stable business growth[23]. Shareholder Information and Corporate Actions - The total number of ordinary shareholders at the end of the reporting period was 71,850[16]. - The company received approval from the China Securities Regulatory Commission for the independent listing of its subsidiary, Zhejiang Chengchang Technology Co., Ltd.[23]. - The stock option incentive plan was approved, allowing 160 participants to exercise options at a price of CNY 19.66 per share[26]. - The company secured multiple orders for automotive electronic controllers from domestic automakers, establishing a solid foundation for future projects[22].