ST鼎龙(002502) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥83,899,855.16, a decrease of 27.20% compared to ¥115,247,903.60 in the same period last year[4] - The net profit attributable to shareholders was -¥25,926,030.97, representing a significant decline of 1,530.67% from -¥1,589,901.61 year-over-year[4] - Net profit for Q1 2022 was a loss of ¥37,105,892.25, compared to a loss of ¥3,955,314.15 in Q1 2021, representing a significant increase in losses[21] - The weighted average return on equity was -1.99%, down from -0.12% in the same period last year, indicating a decline in profitability[4] - Other comprehensive income after tax was -¥1,190,083.51, a decline from a gain of ¥6,572,035.71 in the previous year[22] - The company reported a basic and diluted earnings per share of -¥0.0302, compared to -¥0.0019 in the same period last year[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥73,296,144.81, an improvement of 35.53% compared to -¥113,692,492.31 in the previous year[4] - The company's operating cash flow net amount was -¥73,296,144.81, an improvement from -¥113,692,492.31 in the previous year[25] - The company received cash inflows from operating activities totaling ¥116,326,929.42, down from ¥132,721,587.29 in the previous year[25] - The net cash flow from investment activities was -36,519,546.74 CNY, compared to -89,173,799.49 CNY in the previous period, indicating an improvement[26] - The net cash flow from financing activities was 21,745,237.43 CNY, reflecting a positive change from the previous period[26] - The total cash and cash equivalents at the end of the period were 72,667,401.27 CNY, down from 193,634,556.89 CNY at the beginning of the period[26] - The company’s cash and cash equivalents decreased by 88,162,420.13 CNY during the period[26] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,520,832,004.00, a decrease of 1.06% from ¥2,547,860,079.15 at the end of the previous year[4] - The company's cash and cash equivalents decreased to RMB 94,919,478.40 from RMB 174,218,003.91 at the beginning of the year, representing a decline of approximately 45.5%[16] - Accounts receivable decreased to RMB 114,062,743.60 from RMB 142,436,751.66, a reduction of about 19.9%[16] - Total current liabilities increased slightly to RMB 267,896,968.04 from RMB 262,305,033.15, reflecting a growth of about 2.2%[17] - The total liabilities amounted to ¥553,725,104.68, slightly down from ¥554,090,750.03 year-on-year[18] - The total equity attributable to shareholders of the parent company was ¥1,291,935,546.24, a decrease from ¥1,322,149,523.52 in the previous year[18] Expenses and Costs - The company reported a significant increase in management expenses, which rose by 126.72% to ¥37,894,252.92 due to increased stock incentive amortization[8] - Total operating costs increased to ¥121,771,688.58, up 1.3% from ¥119,658,898.87 year-on-year[20] - Research and development expenses for the quarter were ¥3,525,113.43, up from ¥3,049,866.82 in the same period last year, indicating a focus on innovation[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,156, reflecting the company's shareholder base[10] Financing Activities - The company applied for a credit facility of up to RMB 39.6 million from Zheshang Bank, secured by part of its own real estate[14] - The company received 34,000,000.00 CNY from borrowings during the financing activities[26] - The cash outflow for financing activities totaled 12,254,762.57 CNY, which includes 738,410.92 CNY for dividend payments[26] Management Changes - The company appointed a new CFO, Fang Fang, on January 7, 2022, following the resignation of the previous CFO, Liu Wenkang[12] Regulatory Compliance - The company is in the process of rectifying issues raised by the Guangdong Securities Regulatory Bureau, following an administrative warning issued in December 2021[13] Inventory and Production - The inventory increased by 66.45% to ¥86,666,895.03, primarily due to higher production costs for film and television projects[7] - Inventory increased significantly to RMB 86,666,895.03 from RMB 52,068,005.04, marking a rise of approximately 66.3%[16] Other Income - The company recorded a 99.98% decrease in other operating income, which fell to ¥331.57, primarily due to reduced compensation received[8]