瑞和股份(002620) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥504,843,399.29, a decrease of 29.42% compared to ¥715,240,351.18 in the same period last year[3] - The net profit attributable to shareholders was ¥9,679,035.99, down 58.07% from ¥23,085,856.62 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥7,972,554.82, a decline of 65.42% compared to ¥23,055,431.67 in the previous year[3] - Net profit for Q1 2022 was ¥12,902,872.52, a decline of 55.1% from ¥28,756,210.65 in Q1 2021[29] - The net profit attributable to the parent company was ¥9,679,035.99, down 58.0% from ¥23,085,856.62 in the previous year[30] - The basic and diluted earnings per share for Q1 2022 were both ¥0.03, down from ¥0.06 in Q1 2021[30] Cash Flow and Liquidity - The net cash flow from operating activities was -¥158,263,416.43, worsening by 10.99% from -¥142,589,002.51 in the same period last year[3] - The company reported a net cash outflow from operating activities of ¥158,263,416.43, compared to an outflow of ¥142,589,002.51 in the same period last year[33] - The net cash flow from financing activities was -16,872,359.70 CNY, compared to 132,336,191.22 CNY in the previous year[34] - Cash and cash equivalents decreased by 189,419,295.49 CNY, resulting in an ending balance of 44,341,030.29 CNY[34] - The beginning balance of cash and cash equivalents was 233,760,325.78 CNY[34] - The company repaid debts amounting to 82,292,810.67 CNY during the quarter[34] - The company distributed dividends and paid interest totaling 9,373,771.60 CNY[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,656,528,403.24, a decrease of 6.17% from ¥4,962,711,777.61 at the end of the previous year[3] - Current assets totaled CNY 3,355,697,167.13, down from CNY 3,653,809,571.41, indicating a decrease of about 8.15%[24] - The total liabilities decreased to ¥3,680,605,971.42 from ¥4,001,078,437.87 year-over-year[29] - Total current liabilities were CNY 3,599,728,932.13, down from CNY 3,921,198,115.31, indicating a decrease of about 8.19%[25] - Non-current assets totaled CNY 1,300,831,236.11, a slight decrease from CNY 1,308,902,206.20, reflecting a decline of about 0.55%[25] Accounts Receivable and Inventory - The balance of accounts receivable notes decreased by ¥259,017,872.59, a drop of 69.91%, primarily due to overdue commercial bills from the largest customer being transferred to accounts receivable[7] - Accounts receivable increased to CNY 719,013,740.00 from CNY 647,155,736.53, showing an increase of about 11.08%[24] - Inventory decreased to CNY 169,763,000.78 from CNY 179,996,286.20, reflecting a decline of approximately 5.67%[24] Research and Development - Research and development expenses decreased by ¥10,139,526.89, a reduction of 40.49% compared to the previous year, indicating a decrease in R&D investment[12] - Research and development expenses for Q1 2022 were ¥14,901,236.46, a decrease of 40.4% from ¥25,040,763.35 in Q1 2021[29] Government Subsidies and Other Income - The company received government subsidies amounting to ¥2,000,000.00, contributing to an increase in other income by 4218.56%[13] Governance - The company completed the election of the fifth board of directors and supervisors on January 26, 2022, indicating a strategic governance update[22] Efficiency Metrics - The weighted average return on net assets increased to 1.53%, up from 0.92% in the previous year, reflecting improved efficiency[3]