勤上股份(002638) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥265,949,519.03, a decrease of 21.73% compared to ¥339,806,162.67 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥37,761,769.17, representing a decline of 2,567.80% from a profit of ¥1,530,180.75 in the previous year[3] - Total operating revenue for Q1 2022 was ¥265,949,519.03, a decrease of 21.7% compared to ¥339,806,162.67 in Q1 2021[30] - Net loss for Q1 2022 amounted to ¥37,765,793.51, compared to a net profit of ¥1,529,775.62 in Q1 2021[31] - The company's total assets at the end of the reporting period were ¥3,411,310,842.76, a decrease of 1.92% from ¥3,478,232,999.99 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company decreased to ¥2,686,541,996.75 from ¥2,725,177,769.67[28] - Basic earnings per share for Q1 2022 were -0.0251, compared to 0.0010 in the previous period[32] Cash Flow and Investments - The net cash flow from operating activities improved by 71.12%, with a net outflow of ¥41,925,296.61 compared to ¥145,195,539.27 in the same period last year[3] - Cash inflow from operating activities totaled 247,959,485.51 yuan, slightly down from 249,446,016.10 yuan year-over-year[33] - Cash outflow from operating activities decreased to 289,884,782.12 yuan from 394,641,555.37 yuan in the previous period[33] - Net cash flow from investing activities was -276,099,733.02 yuan, worsening from -19,555,637.75 yuan in the previous period[34] - Cash and cash equivalents at the end of the period were 450,021,585.25 yuan, up from 317,981,496.69 yuan year-over-year[34] - Total cash inflow from investment activities was 647,403,341.26 yuan, while cash outflow was 276,099,733.02 yuan[34] Expenses and Liabilities - Research and development expenses increased by 191.62% year-on-year, primarily due to increased investment in semiconductor lighting business[7] - Total operating costs for Q1 2022 were ¥286,135,128.89, down 19.4% from ¥355,199,030.50 in the previous year[30] - The company reported a significant asset impairment loss of ¥19,548,385.68 in Q1 2022[31] - Total liabilities decreased to ¥724,499,627.89 from ¥752,781,987.86 in the previous quarter[28] Shareholder and Ownership Issues - The number of ordinary shareholders at the end of the reporting period was 36,947[10] - The company's major shareholders, including the controlling shareholder, have shares that are subject to judicial freezes, posing a risk of potential changes in actual control[15] - The company’s registered capital decreased from RMB 1,518.69 million to RMB 1,506.16 million following the completion of share repurchases related to performance compensation agreements[17] Legal and Regulatory Matters - The company is involved in ongoing litigation regarding the performance compensation obligations, which may significantly impact its rights and interests[23] - The company has initiated legal actions to confirm the invalidity of a mortgage contract related to a real estate transaction with Dongguan Weiliang Electric Co., Ltd.[24] - The company signed a debt-to-equity agreement with Dongguan Jingfeng to alleviate debt burdens and enhance financing capabilities[24] - The company has faced challenges in collecting performance compensation due to the judicial freeze on Yang Yong's shares, which may hinder the realization of its rights[23] - As of the report date, the company has not reached an agreement with several parties regarding performance compensation matters, and it will continue to pursue recovery measures[18] Impact of External Factors - The company reported a significant impact on its education training business due to the "double reduction policy," leading to serious adverse effects on profitability[13] - The company has decided to divest its education training subsidiaries, including a 100% stake in Guangzhou Longwen Education Technology Co., Ltd., to mitigate risks associated with the education sector[14] - The company reported a 40.73% decrease in fair value gains compared to the previous year, attributed to a reduction in the principal of bank wealth management products purchased[7] - Other income increased by 62.12% year-on-year, mainly due to an increase in government subsidies received[7]