乔治白(002687) - 2022 Q1 - 季度财报

Important Notice The Board of Directors, Supervisory Board, and senior management affirm the truthfulness, accuracy, and completeness of this unaudited quarterly report - The company's Board of Directors, Supervisory Board, and all senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal responsibilities[2][3] - This quarterly financial report is unaudited[3][25] Company Profile This section provides an overview of the company's key financial performance and detailed shareholder information for the reporting period Key Financial Data In Q1 2022, the company achieved 247 million Yuan in operating revenue with 12.32% growth, while net profit attributable to shareholders declined 8.78% to 13.85 million Yuan due to non-recurring losses, despite a 31.52% increase in core business profit Key Accounting Data and Financial Indicators The company achieved steady revenue growth, but net profit attributable to shareholders and EPS declined, while core business profitability significantly improved after adjusting for non-recurring items Key Financial Indicators for Q1 2022 | Indicator | Current Period | Prior Period | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 247,392,498.35 | 220,262,277.11 | 12.32% | | Net Profit Attributable to Shareholders (Yuan) | 13,852,604.31 | 15,185,371.06 | -8.78% | | Net Profit Attributable to Shareholders After Non-Recurring Items (Yuan) | 18,685,063.87 | 14,207,210.99 | 31.52% | | Net Cash Flow from Operating Activities (Yuan) | -152,116,994.78 | -146,899,038.09 | -3.55% | | Basic Earnings Per Share (Yuan/share) | 0.04 | 0.05 | -20.00% | | Total Assets (Yuan) | 1,854,272,249.07 | - | -4.63% (compared to end of previous year) | | Total Equity Attributable to Shareholders (Yuan) | 1,317,493,327.86 | - | 1.52% (compared to end of previous year) | Non-Recurring Gains and Losses Total non-recurring losses amounted to -4.83 million Yuan, primarily driven by -7.29 million Yuan in fair value changes of financial assets, explaining the lower reported net profit Non-Recurring Gains and Losses for Q1 2022 | Item | Amount (Yuan) | | :--- | :--- | | Gains and losses from disposal of non-current assets | -285,688.32 | | Government grants | 1,027,170.09 | | Fair value changes of financial assets/liabilities held for trading and investment income | -7,293,271.59 | | Other non-operating income and expenses | -32,981.52 | | Income tax impact | -1,751,616.58 | | Impact on minority interests (after tax) | -695.20 | | Total | -4,832,459.56 | Explanation of Changes in Key Financial Indicators Significant fluctuations in financial indicators were observed, with asset changes driven by advance payments and financial investments, while profit and loss were impacted by stock trading gains and fair value losses - Asset-side changes: Cash and cash equivalents decreased by 37.72%, primarily used for advance payments for purchases (increased by 77.77%) and the acquisition of wealth management products and financial assets held for trading (increased by 66.85%)[8] - Profit and loss-side changes: Investment income significantly increased by 399.85% due to stock trading, while fair value change gains recorded a loss due to changes in stock fair value[8] - Liability-side changes: Employee compensation payable decreased by 35.17% due to year-end bonus payments; taxes payable decreased by 57.26% due to reduced VAT and income tax liabilities[8] Shareholder Information As of the reporting period end, the company had 19,292 common shareholders, with a stable and concentrated equity structure controlled by the Chi family, including the 2021 employee stock ownership plan among top holders - Total number of common shareholders at the end of the reporting period was 19,292[10] - The company's actual controllers are Chi Fangran, Chen Yongxia, and Chi Ye (family members), ensuring a stable equity structure[10] Top Three Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Chi Fangran | 13.52% | 47,308,000 | | Qian Shaozhi | 10.54% | 36,905,000 | | Chen Yongxia | 7.34% | 25,690,000 | Other Important Matters This section details the company's strategic plan for risk investments to enhance capital efficiency and profitability Risk Investment Plan The Board approved using up to 100 million Yuan of idle funds for risk investments to enhance capital efficiency and profitability, with a revolving limit for the company and its subsidiaries - To enhance capital utilization efficiency, the company plans to use idle self-owned funds up to a maximum of 100 million Yuan for risk investments[12] - This investment decision aims to generate greater returns for the company and its shareholders, provided it does not affect normal operations and risks are controllable[12] Financial Statements This section presents the company's consolidated financial statements, including the balance sheet, income statement, and cash flow statement, along with the audit opinion for the quarter Consolidated Balance Sheet As of March 31, 2022, total assets were 1.854 billion Yuan (down 4.63%), total liabilities 467 million Yuan (down 19.03%), and total equity attributable to shareholders 1.317 billion Yuan (up 1.52%), indicating a stable financial structure Key Balance Sheet Items (Unit: Yuan) | Item | Period-End Balance | Year-Beginning Balance | | :--- | :--- | :--- | | Total Assets | 1,854,272,249.07 | 1,944,251,378.57 | | Total Liabilities | 467,490,037.96 | 577,392,100.79 | | Total Equity Attributable to Parent Company Shareholders | 1,317,493,327.86 | 1,297,784,617.08 | Consolidated Income Statement In Q1 2022, total operating revenue reached 247 million Yuan, with operating profit at 18.23 million Yuan (a slight decrease due to fair value losses), resulting in net profit attributable to shareholders of 13.85 million Yuan Key Income Statement Items (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 247,392,498.35 | 220,262,277.11 | | Operating Profit | 18,233,291.23 | 18,658,913.14 | | Total Profit | 17,904,339.71 | 18,585,627.51 | | Net Profit Attributable to Parent Company Shareholders | 13,852,604.31 | 15,185,371.06 | Consolidated Cash Flow Statement Net cash flow from operating activities was -152 million Yuan, and from investing activities -49 million Yuan, with no financing cash flow, leading to a 201 million Yuan decrease in cash and cash equivalents to 333 million Yuan at period-end Key Cash Flow Statement Items (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -152,116,994.78 | -146,899,038.09 | | Net Cash Flow from Investing Activities | -48,950,019.89 | -67,820,520.60 | | Net Cash Flow from Financing Activities | 0.00 | -90,592,948.54 | | Net Increase in Cash and Cash Equivalents | -201,067,014.67 | -305,312,507.23 | Audit Opinion The company's first quarter 2022 report remains unaudited - The company's first quarter report is unaudited[25]