通达股份(002560) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,025,178,047.77, representing a 150.44% increase compared to ¥409,358,822.54 in the same period last year[4] - Net profit attributable to shareholders decreased by 36.93% to ¥12,008,848.76 from ¥19,039,539.04 year-on-year[4] - The net profit after deducting non-recurring gains and losses fell by 41.40% to ¥9,802,436.95 compared to ¥16,727,983.14 in the previous year[4] - The company reported a total of ¥2,206,411.81 in non-recurring gains, primarily from government subsidies and investment income[6] - The net profit attributable to shareholders decreased by 36.93% to ¥12,008,848.76, reflecting a reduction in overall profitability[10] - The net cash flow from investing activities decreased by 125.37% to -¥151,408,632.40, primarily due to unredeemed funds from subsidiary Chengdu Hangfei[12] - The net cash flow from financing activities decreased by 52.32% to ¥46,582,638.27, as the parent company repaid loans[12] - The company experienced a total comprehensive income of CNY 14,688,340.14 for Q1 2022, compared to CNY 19,301,028.98 in the previous year, indicating a decrease in overall financial performance[26] Assets and Liabilities - The total assets increased by 12.99% to ¥4,100,997,026.44 from ¥3,629,543,746.71 at the end of the previous year[4] - The company's inventory increased by 43.08% to ¥552,756,402.07, attributed to the consolidation of inventory from the newly acquired subsidiary[8] - The company's trade financial assets rose significantly by 137.16% to ¥291,000,000.00, due to increased financial management balances[8] - Contract liabilities surged by 111.43% to ¥41,751,167.36, driven by pre-receipts from the newly consolidated subsidiary[9] - The total current assets increased to CNY 2,742,152,517.97 from CNY 2,379,031,682.33 at the beginning of the year, reflecting a growth of approximately 15.2%[20] - Current liabilities rose to CNY 1,434,108,138.15 from CNY 1,078,189,571.54, representing a growth of approximately 32.9%[22] - Non-current assets totaled CNY 1,358,844,508.47, an increase from CNY 1,250,512,064.38 at the beginning of the year, indicating a growth of about 8.7%[21] Cash Flow - Cash flow from operating activities showed a slight improvement, with a net outflow of ¥52,871,381.74, a 3.09% reduction from the previous year's outflow of ¥54,555,015.72[4] - The cash inflow from investment activities was CNY 366,642,344.54, while cash outflow was CNY 518,050,976.94, resulting in a net cash outflow of CNY -151,408,632.40 for investment activities[30] - The financing activities generated a net cash inflow of CNY 46,582,638.27, down from CNY 97,703,740.61 in Q1 2021, indicating a reduction in financing activities[30] Revenue and Costs - Operating costs increased by 168.45% to ¥948,120,685.33, attributed to the consolidation of Tongda New Materials[10] - Sales expenses rose by 80.04% to ¥8,784,305.27, also due to the consolidation of Tongda New Materials[10] - Financial expenses surged by 376.53% to ¥10,777,162.95, mainly due to increased interest expenses on loans from the parent company[10] - The total operating costs amounted to CNY 1,007,098,273.05, up from CNY 393,003,828.40 in the previous year, indicating a rise in costs associated with increased revenue[25] Strategic Initiatives - The company continues to implement its "511" development plan, focusing on production and operational stability amid a complex economic environment[16] - The consolidation of Tongda New Materials and the establishment of Tongda Jiutong Cable Co., Ltd. are key components of the company's growth strategy[16] - The company plans to enhance its production capacity and efficiency through ongoing investments in new technologies and market expansion strategies[17] - The company has established a long-term incentive plan to enhance employee engagement and retention, which is expected to support the implementation of its "511" development plan[18] - The company is advancing its information technology initiatives, aiming to complete precise management of sales contracts and standardization of technical data in production management by Q2 2022[18] Market Performance - The company achieved a 98.35% year-on-year increase in revenue from Chengdu Hangfei in the first quarter[16] - In Q1 2022, the company achieved significant market breakthroughs with new cable products, including a 210.80% year-on-year revenue growth in power cables and a 358.90% growth in environmentally friendly cloth wires[17]