浙江众成(002522) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 458,287,883.20, representing a 20.53% increase compared to CNY 380,213,055.08 in the same period last year[4] - The net profit attributable to shareholders was CNY 50,974,004.26, a 33.56% increase from CNY 38,166,320.62 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 47,216,519.69, up 25.22% from CNY 37,707,644.26 in the previous year[5] - Net profit for Q1 2022 reached CNY 49,111,264.87, representing a 56.1% increase from CNY 31,466,514.32 in Q1 2021[24] - The total profit for Q1 2022 was CNY 58,969,530.53, up 47.0% from CNY 40,029,578.71 in Q1 2021[24] - Operating profit for Q1 2022 was CNY 58,968,828.80, an increase of 47.8% from CNY 39,902,642.00 in Q1 2021[23] Cash Flow and Liquidity - The company's cash flow from operating activities decreased by 29.94% to CNY 32,537,953.71, down from CNY 46,442,890.36 in the same period last year[5] - Cash flow from operating activities generated a net amount of CNY 32,537,953.71, down 30% from CNY 46,442,890.36 in Q1 2021[28] - Cash and cash equivalents at the end of Q1 2022 amounted to RMB 274,845,005.56, up from RMB 255,524,339.85 at the beginning of the year, reflecting a growth of 7.3%[17] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 255,436,642.74, an increase from CNY 199,346,648.46 at the end of Q1 2021[29] - The company experienced a net cash outflow from investing activities of CNY 14,597,853.74, an improvement from a net outflow of CNY 128,083,384.01 in Q1 2021[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,610,773,698.72, a 0.67% increase from CNY 3,586,793,973.50 at the end of the previous year[5] - Total assets as of March 31, 2022, were RMB 3,610,773,698.72, slightly up from RMB 3,586,793,973.50 at the beginning of the year[20] - Total liabilities decreased to RMB 1,487,425,942.47 from RMB 1,512,992,155.34, a reduction of 1.7%[20] - The company's equity attributable to shareholders increased to RMB 2,077,748,970.40 from RMB 2,026,672,397.46, reflecting a growth of 2.5%[20] - Short-term borrowings rose to RMB 635,410,350.14 from RMB 622,305,709.59, an increase of 2.0%[19] - The company reported a decrease in accounts payable to RMB 195,168,838.18 from RMB 204,539,158.49, a decline of 4.3%[19] Operating Costs and Expenses - The company's gross profit margin was impacted by a 25.65% increase in operating costs due to higher sales volume[10] - Total operating costs for Q1 2022 were CNY 401,693,915.36, an increase of 20.1% compared to CNY 334,534,441.19 in Q1 2021[23] - The company reported a 44.13% increase in selling expenses, attributed to higher salaries for sales personnel due to increased sales volume[10] - Research and development expenses for Q1 2022 were CNY 15,119,961.24, an increase of 11.4% compared to CNY 13,581,582.22 in Q1 2021[23] Investments and Growth - The company’s investment income grew by 90.31% year-on-year, primarily due to a reduction in losses from joint ventures[10] - The company’s minority interest profit increased by 72.2%, mainly due to reduced operating losses from a subsidiary[11] - The company’s construction in progress increased by 34.96%, reflecting ongoing investments in new production lines[9] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[16] Accounts Receivable and Inventory - Accounts receivable increased to RMB 129,228,747.29 from RMB 121,920,207.48, indicating a rise of 6.8%[17] - Inventory levels rose to RMB 629,593,663.80, compared to RMB 615,143,163.98 at the start of the year, marking an increase of 2.3%[18]