龙星化工(002442) - 2022 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2022 reached ¥1,003,283,827.33, an increase of 22.29% compared to ¥820,419,968.84 in the same period last year[3] - Net profit attributable to shareholders was ¥11,410,306.31, a decrease of 85.75% from ¥80,059,480.55 year-on-year[3] - Operating income grew by 72.77% year-on-year, primarily from gains on the disposal of scrapped assets[10] - Net profit decreased by 85.75% compared to the previous period, mainly due to a reduction in gross profit[10] - The total operating revenue for the first quarter of 2022 was CNY 1,003,283,827.33, an increase of 22.2% compared to CNY 820,419,968.84 in the same period last year[20] - The net profit for the first quarter was CNY 11,410,306.31, a significant decrease of 85.7% compared to CNY 80,059,480.55 in the previous year[22] - The total comprehensive income for the quarter was CNY 11,408,695.17, down from CNY 80,059,734.21 in the same period last year[23] Cash Flow and Assets - Operating cash flow net amount surged by 680.85% to ¥93,332,219.86 from ¥11,952,706.49 in the previous year[3] - Cash received from sales of goods and services increased by 66.15% year-on-year, attributed to higher sales volume and increased collection of receivables[10] - Net cash flow from operating activities surged by 680.85% compared to the previous period, driven by increased sales collections[10] - Cash inflow from operating activities totaled CNY 593,377,591.10, compared to CNY 357,504,721.78 in the previous year[24] - The ending balance of cash and cash equivalents was ¥71,702,352.04, down from ¥119,321,968.08 in Q1 2021, a decrease of about 40%[27] - Cash inflow from financing activities totaled ¥268,474,328.46, up from ¥230,555,025.22, reflecting an increase of around 16%[26] - The total assets at the end of the period were ¥3,134,594,302.06, reflecting a growth of 12.13% from the previous year-end[3] Expenses and Liabilities - Research and development expenses increased by 65.02% to ¥8,280,020.24, up from ¥5,017,551.16 in the previous year[7] - The total operating costs amounted to CNY 990,685,324.06, up 37.4% from CNY 720,776,652.05 year-on-year[20] - The gross profit margin decreased due to a 42.42% increase in operating costs, which reached ¥924,507,707.06 compared to ¥649,132,716.26 last year[7] - The company's total liabilities reached CNY 1,612,013,080.93, an increase from CNY 1,288,736,494.05 year-on-year[19] - The total cash outflow from operating activities amounted to ¥500,045,371.24, compared to ¥345,552,015.29 in the previous year, indicating an increase of about 45%[26] Other Income and Subsidiary Establishment - Other income increased by 104.04% compared to the previous period, mainly due to heating subsidies received this period[10] - The company established a wholly-owned subsidiary in Shanxi Province for the research and manufacturing of carbon-based new materials[14] - The registered capital of the new subsidiary is CNY 50 million, with registration completed on March 24, 2022[14] Employee Compensation and Taxes - The company paid ¥38,343,596.89 in employee compensation, an increase from ¥33,035,282.56 in the previous year, representing a growth of approximately 16%[26] - The total cash outflow for taxes was ¥16,590,186.91, a decrease from ¥46,448,740.04, indicating a reduction of about 64%[26] Impairment and Audit - The company reported a credit impairment loss of CNY 2,098,487.42, compared to a loss of CNY 5,039,364.38 in the previous year[22] - The company did not conduct an audit for the Q1 2022 report[28]