海洋王(002724) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥304,349,340.62, a decrease of 3.50% compared to ¥315,384,856.13 in the same period last year[3]. - Net profit attributable to shareholders decreased by 38.32% to ¥16,845,988.70 from ¥27,310,642.39 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 44.16% to ¥11,518,591.88 compared to ¥20,626,952.12 in the previous year[3]. - Basic and diluted earnings per share decreased by 38.29% to ¥0.0216 from ¥0.0350 year-on-year[3]. - Net profit for Q1 2022 was CNY 17,938,587.71, down 40.5% compared to CNY 30,244,774.72 in Q1 2021[23]. - Earnings per share (EPS) for Q1 2022 was CNY 0.0216, a decrease from CNY 0.0350 in the same period last year[24]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥116,813,693.30, a decline of 42.84% from -¥81,777,112.91 in the same period last year[3]. - Total assets at the end of the reporting period were ¥3,610,630,953.37, down 4.80% from ¥3,792,867,956.64 at the end of the previous year[3]. - As of March 31, 2022, the company's total current assets amounted to RMB 2,171,714,778.71, a decrease from RMB 2,423,336,752.42 at the beginning of the year[18]. - The company's cash and cash equivalents decreased to RMB 212,501,693.80 from RMB 348,801,599.03 at the beginning of the year[18]. - Total cash inflow from investment activities was 336,116,555.95 CNY, slightly up from 331,121,472.41 CNY year-over-year[27]. - The total cash and cash equivalents at the end of the period were 198,488,507.08 CNY, down from 325,058,717.20 CNY year-over-year, representing a decrease of about 39%[28]. Expenses and Liabilities - Total operating costs increased to CNY 301,299,880.24, up 1.43% from CNY 295,449,823.16 in the previous year[22]. - Research and development expenses for Q1 2022 were CNY 22,889,548.76, an increase from CNY 21,286,428.30 in Q1 2021[22]. - Total liabilities decreased to CNY 451,640,102.95 from CNY 651,849,284.62 in the previous year[20]. - Cash paid to employees was 196,328,803.30 CNY, up from 179,043,033.72 CNY, reflecting an increase of approximately 9.7%[27]. - The cash outflow for purchasing goods and services was 141,357,042.64 CNY, compared to 137,702,211.04 CNY in the previous year, indicating a slight increase of about 2.4%[27]. Shareholder Information - Shareholders' equity attributable to shareholders increased by 0.58% to ¥2,926,666,318.14 from ¥2,909,786,738.75 at the end of the previous year[3]. - The total number of ordinary shareholders at the end of the reporting period was 11,299[7]. Corporate Actions - The company plans to establish three new subsidiaries: Shenzhen Ocean King Public Lighting Technology Co., Shenzhen Ocean King Metallurgical Lighting Technology Co., and Shenzhen Ocean King Petrochemical Lighting Technology Co.[10]. - The company has approved a guarantee of RMB 100 million for its wholly-owned subsidiary, Shenzhen Ocean King Lighting Engineering Co., to support its bank credit application[11]. - The 2022 stock option incentive plan includes granting 17 million stock options, with an initial grant of 13.98 million options at an exercise price of RMB 13.31 per option[13]. - The stock option plan was adjusted to a total of 16.82 million options due to one incentive object leaving the company, with the number of recipients reduced from 228 to 227[14]. - The company has initiated a long-term employee stock ownership plan for 2022-2024, which will use net profit compound growth rate as a performance indicator[15]. Non-Recurring Items - The company reported a non-recurring gain of ¥5,327,396.82, primarily from fair value changes of financial assets and liabilities[5]. - The company did not conduct an audit for the first quarter report[29].