ST雪发(002485) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥324,057,764.09, representing a 28.53% increase compared to ¥252,128,909.88 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥2,330,706.36, an improvement of 53.99% from a loss of ¥5,065,487.54 in the previous year[3] - The net profit for the reporting period showed a 73.60% increase, attributed to growth in supply chain business[6] - The company reported a total operating revenue of ¥324,057,764.09 for the first quarter of 2022, an increase of approximately 28.6% compared to ¥252,128,909.88 in the same period last year[21] - The total revenue for Q1 2022 was 1,065,519,987.94 CNY, a significant increase from 253,787,884.12 CNY in the same period last year, representing a growth of approximately 319%[25] - The net profit for Q1 2022 was -1,702,238.90 CNY, an improvement compared to -6,448,405.75 CNY in Q1 2021, indicating a reduction in losses by about 74.8%[23] - Operating profit for Q1 2022 was -3,866,834.86 CNY, which is a 47.4% improvement from -7,339,007.53 CNY in the previous year[23] - The company reported a total comprehensive loss of -1,702,238.90 CNY for Q1 2022, compared to -6,448,405.75 CNY in Q1 2021, reflecting a significant reduction in overall losses[23] Cash Flow and Assets - The net cash flow from operating activities increased by 195.76%, reaching ¥78,854,808.88, compared to a negative cash flow of ¥82,348,917.01 in the same period last year[3] - The company's total assets at the end of the reporting period were ¥3,357,935,683.14, a 4.85% increase from ¥3,202,464,834.22 at the end of the previous year[3] - The company's current assets decreased to ¥1,089,295,181.02 from ¥1,178,061,422.46, representing a decline of about 7.56%[18] - The company's total liabilities increased to ¥1,607,903,133.66 from ¥1,448,436,819.04, marking an increase of approximately 11%[20] - The company’s cash and cash equivalents decreased significantly from ¥58,953,449.77 to ¥23,657,063.07, a decline of about 59.9%[18] - The total cash and cash equivalents at the end of Q1 2022 were 21,866,830.74 CNY, down from 42,887,616.38 CNY at the end of Q1 2021[26] Inventory and Borrowings - The company's inventory increased by 155.54%, indicating growth in supply chain business[6] - The company’s inventory increased to ¥80,863,930.71 from ¥31,644,370.61, showing a substantial rise of approximately 155.7%[19] - The company's short-term borrowings decreased by 62.05%, primarily due to repayment of bank loans[6] - The company's short-term borrowings decreased significantly from ¥101,436,083.38 to ¥38,495,989.74, a reduction of approximately 62%[19] Shareholder and Corporate Governance - The company has received financial support from its controlling shareholder, Guangzhou Xuesong Cultural Tourism Investment Co., Ltd., with a total amount not exceeding RMB 1 billion, available for a period of 36 months from May 1, 2022, to April 30, 2025[14] - As of March 31, 2022, the balance of financial support received from the controlling shareholder was RMB 22.55 million[14] - The company has a total of 12,240 common shareholders at the end of the reporting period[9] - The top 10 shareholders hold a significant portion of shares, with Guangzhou Xuesong Cultural Tourism Investment Co., Ltd. holding 63.62%[9] - The company has undergone changes in its board of directors, with the election of a new chairman and independent directors[11] Business Operations and Strategy - The company plans to continue leasing or selling up to 19 shops/properties with a total book value not exceeding RMB 640 million, at market or appraised prices[15] - During the reporting period, the company has leased out 18 shops, generating revenue of RMB 2.33 million[15] - The company has engaged in discussions regarding the potential for mergers and acquisitions to expand its market presence[12] - The company has approved a futures hedging business with a maximum guarantee amount of RMB 75 million, including RMB 30 million for steel product futures[13] Expenses and Financial Management - The company experienced a 52.69% reduction in selling expenses, reflecting decreased marketing costs[6] - The company incurred financial expenses of 7,638,882.43 CNY in Q1 2022, a decrease from 10,060,823.85 CNY in the same period last year[23] - Research and development expenses for Q1 2022 were 339,158.07 CNY, slightly down from 390,977.67 CNY in the same period last year[23] Auditor and Compliance - The company has changed its external auditor to Zhongxi Accounting Firm, with a total audit fee of RMB 1.5 million for the 2021 fiscal year[10]