珠江钢琴(002678) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥482,140,601.23, a decrease of 13.72% compared to ¥558,808,832.97 in the same period last year[5] - Net profit attributable to shareholders was ¥53,060,493.45, down 16.47% from ¥63,522,436.02 year-on-year[5] - Total operating revenue for Q1 2022 was CNY 482,140,601.23, a decrease of 13.7% compared to CNY 558,808,832.97 in the same period last year[26] - Operating profit for Q1 2022 was CNY 65,038,370.80, a decline of 14.8% from CNY 76,292,058.41 in the previous year[26] - The total profit for Q1 2022 was approximately ¥64.79 million, a decrease of 15.06% compared to ¥76.23 million in Q1 2021[29] - The net profit for Q1 2022 was approximately ¥54.32 million, down 16.06% from ¥64.68 million in the same period last year[29] - The total comprehensive income for Q1 2022 was approximately ¥50.84 million, down from ¥60.76 million in Q1 2021, reflecting a decrease of 16.67%[29] - The basic and diluted earnings per share for Q1 2022 were both ¥0.04, a decrease from ¥0.05 in Q1 2021[29] Cash Flow and Liquidity - The net cash flow from operating activities was -¥45,632,747.10, an improvement of 8.22% compared to -¥49,717,009.69 in the previous year[5] - The company reported a cash balance of approximately ¥1.46 billion at the end of the quarter, down from ¥1.64 billion at the beginning of the year, indicating a decrease of about 10.5%[18] - The cash and cash equivalents at the end of Q1 2022 were approximately ¥1.46 billion, down from ¥1.71 billion at the end of Q1 2021[36] - The cash inflow from investment activities in Q1 2022 was approximately ¥506.36 million, significantly higher than ¥22.15 million in Q1 2021[36] - The cash flow from financing activities in Q1 2022 was positive at approximately ¥104.67 million, compared to a negative cash flow of -¥103.16 million in Q1 2021[36] - The company reported a decrease in cash inflow from sales of goods and services, totaling approximately ¥340.50 million in Q1 2022, compared to ¥467.36 million in Q1 2021[33] Assets and Liabilities - Total assets increased by 3.55% to ¥5,199,200,165.26 from ¥5,020,738,986.31 at the end of the previous year[5] - Total liabilities increased to CNY 1,470,240,862.96 in Q1 2022, compared to CNY 1,344,212,822.13 in the previous year[22] - The company's short-term borrowings rose by 30.20% to ¥466,663,568.53, indicating an increase in new borrowings exceeding repayments[9] - The company reported a decrease in short-term borrowings to CNY 466,663,568.53 from CNY 358,430,235.20 year-on-year[22] - The total equity attributable to shareholders increased to CNY 3,695,687,928.74 from CNY 3,644,566,316.52 in the previous year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,161[10] - The largest shareholder, Guangzhou Urban Construction Investment Group, holds 51.00% of the shares[10] - The company’s major shareholder, Guangzhou Urban Construction Investment Group, holds 51% of the shares, amounting to 692,743,365 shares, following a transfer from the Guangzhou State-owned Assets Supervision and Administration Commission[17] - The company’s other major shareholder, Guangzhou State-owned Assets Development Holding Co., holds 16.4% of the shares, equivalent to 222,776,955 shares[17] Operational Metrics - The accounts receivable increased by 227.04% to ¥212,124,809.32, attributed to the cyclical nature of industry sales collection[9] - Accounts receivable increased significantly to ¥212.12 million, up from ¥64.86 million, representing a growth of approximately 227%[18] - The company incurred operating expenses of approximately ¥441.91 million in Q1 2022, down from ¥554.06 million in Q1 2021[33] - Research and development expenses for Q1 2022 were CNY 24,142,763.31, a decrease from CNY 26,349,049.22 in the same period last year[26] - Inventory levels remained stable at approximately ¥1.03 billion, slightly down from ¥1.03 billion at the beginning of the year[18] Investments and Initiatives - The company participated in the establishment of the Guangzhou Old Brand Revitalization Fund with an investment of ¥50 million[14] - The company is in the process of implementing a restricted stock incentive plan to align the interests of shareholders and the management team[17] - The company has completed the necessary regulatory procedures for the transfer of state-owned equity, ensuring compliance with market regulations[17] Investment Income - The company reported a significant increase in investment income of 9004.9%, reaching ¥614,523.02 due to higher returns from financial products[9] - The company's trading financial assets rose to ¥632.39 million, an increase of about 56% from ¥405.59 million[18]