飞龙股份(002536) - 2022 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2022 was CNY 811,857,271.31, a decrease of 10.48% compared to CNY 906,909,176.27 in the same period last year[1] - Net profit attributable to shareholders was CNY 8,715,467.36, down 88.23% from CNY 74,020,963.32 year-on-year[1] - The basic earnings per share decreased by 86.67% to CNY 0.02 from CNY 0.15 in the previous year[1] - The net profit for the current period is 7,921,397.59, a significant decrease from 73,467,417.28 in the previous period, representing a decline of approximately 89.2%[28] - The total comprehensive income for the current period is 7,921,397.59, compared to 73,467,417.28 in the previous period, indicating a decline of about 89.2%[30] - The total operating profit decreased significantly to 2,928,211.43 from 80,567,505.33, a decline of approximately 96.4%[28] Cash Flow and Financial Position - Net cash flow from operating activities increased by 340.63% to CNY 95,655,731.85, compared to a negative cash flow of CNY 39,752,056.23 in the previous year[1] - The company's cash and cash equivalents increased to RMB 428,571,154.06 from RMB 314,226,967.86, representing a growth of 36.4%[15] - The cash flow from operating activities netted 95,655,731.85, a turnaround from a negative cash flow of -39,752,056.23 in the previous period[35] - The cash and cash equivalents at the end of the period increased to 113,465,425.00 from 104,040,006.83, an increase of approximately 9.0%[38] - The company’s cash flow from financing activities netted 20,553,769.90, a decrease from 139,200,108.33 in the previous period, indicating a decline of approximately 85.3%[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,432,045,780.08, an increase of 8.86% from CNY 4,071,377,127.57 at the end of the previous year[1] - The total assets of the company reached RMB 4,432,045,780.08, up from RMB 4,278,307,669.65, marking an increase of 3.6%[24] - Total liabilities increased to RMB 2,154,242,218.97 from RMB 2,008,425,506.13, reflecting a rise of 7.3%[24] Operating Costs and Expenses - The total operating costs amounted to RMB 813,289,722.00, down from RMB 830,331,571.55, reflecting a reduction of approximately 2.5%[25] - The company incurred research and development expenses of 50,775,948.51, slightly up from 49,453,276.82 in the previous period, reflecting an increase of about 2.7%[28] - The financial expenses, including interest expenses, were reported at 12,471,361.13, compared to 12,071,625.62 in the previous period, showing an increase of about 3.3%[28] Challenges and Market Conditions - The company faced challenges due to rising raw material costs, chip shortages, and soaring shipping fees, impacting profitability[7] - The company reported a significant increase in accounts receivable financing, which rose by 199.48% to CNY 79,473,874.77 due to an increase in bank acceptance bills[7] - The company experienced a 48.16% increase in notes payable, reaching CNY 842,630,647.37, attributed to increased use of notes for settling payments[7] Inventory and Receivables - Accounts receivable rose to RMB 814,680,306.67, compared to RMB 713,979,152.95, indicating an increase of 14.1%[15] - Inventory decreased to RMB 759,010,788.95 from RMB 859,604,373.91, a decline of 11.7%[18] - Short-term borrowings increased to RMB 716,410,000.00 from RMB 679,399,886.90, an increase of 5.0%[21]