燕塘乳业(002732) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥386,455,461.92, a decrease of 2.99% compared to ¥398,376,244.01 in the same period last year[3] - Net profit attributable to shareholders was ¥19,960,044.87, down 41.49% from ¥34,116,235.44 year-on-year[3] - The net profit for Q1 2022 was CNY 20,280,112.71, a decrease of 41.5% compared to CNY 34,892,027.49 in Q1 2021[25] - The operating profit for Q1 2022 was CNY 26,979,074.51, down from CNY 40,772,812.18 in the same period last year, reflecting a decline of 33.8%[25] - The total profit for Q1 2022 was CNY 25,916,638.82, a decrease of 36.3% from CNY 40,665,260.62 in Q1 2021[25] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.13, down from CNY 0.22 in Q1 2021, representing a decline of 40.9%[26] - The company reported a net profit margin of approximately 7.0% for Q1 2022, down from the previous year's margin[24] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 66.82% to ¥17,371,701.25, compared to ¥52,358,991.09 in the previous year[3] - Cash flow from operating activities for Q1 2022 was CNY 17,371,701.25, a significant decrease of 66.8% compared to CNY 52,358,991.09 in Q1 2021[27] - Cash and cash equivalents at the end of Q1 2022 were CNY 225,404,529.93, down from CNY 246,918,729.58 at the beginning of the year[20] - Cash and cash equivalents at the end of Q1 2022 were CNY 225,348,201.47, down from CNY 188,222,827.25 at the end of Q1 2021[28] - The net cash flow from financing activities for Q1 2022 was CNY 2,512,402.57, a decrease from CNY 27,524,735.01 in Q1 2021[28] Assets and Liabilities - Total assets increased by 3.28% to ¥1,696,700,966.21 from ¥1,642,820,235.63 at the end of the previous year[3] - Total assets as of March 31, 2022, were CNY 1,696,700,966.21, up from CNY 1,642,820,235.63 at the start of the year[21] - Total liabilities increased to CNY 472,816,422.83 from CNY 439,215,804.96, indicating a rise in short-term borrowings[22] Inventory and Costs - The company's inventory rose by 37.85% to ¥201,285,020.53, primarily due to an increase in material stock[6] - Inventory levels increased to CNY 201,285,020.53 from CNY 146,016,626.50, reflecting a strategy to meet anticipated demand[21] - Total operating costs for Q1 2022 were CNY 359,270,274.86, slightly up from CNY 358,587,227.47 in the same period last year[24] - Operating costs included CNY 291,076,174.70 in cost of goods sold, which increased from CNY 280,714,617.04 year-over-year[24] Research and Development - Research and development expenses increased by 70.50% to ¥4,542,012.06, reflecting higher personnel costs and direct investments[6] - Research and development expenses rose to CNY 4,542,012.06, up from CNY 2,664,007.21 in Q1 2021, indicating a focus on innovation[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,878[9] - Guangdong Yantang Investment Co., Ltd. holds 40.97% of shares, totaling 64,465,743 shares[9] - Guangdong Yueken Investment Co., Ltd. holds 11.69% of shares, totaling 18,401,011 shares[9] - Guangdong Zhanjiang Agricultural Reclamation Group Co., Ltd. holds 5.03% of shares, totaling 7,916,846 shares[9] - The top ten shareholders include a mix of state-owned and individual investors, with significant stakes held by state-owned entities[10] Related Transactions - The company has ongoing related transactions, including a project for the "Three Olds" renovation with a maximum cost of RMB 2 million[11] - The company plans to purchase an office property from a related party for a maximum of RMB 1.32 million[11] - Expected transaction amount for purchasing raw materials (sugar) from a related party is up to RMB 21.35 million for 2022[13] - The company has signed a financial services agreement with Guangdong Agricultural Reclamation Group Financial Co., Ltd. for three years[14] - The company intends to purchase a commercial center property for up to RMB 94.64 million, pending shareholder approval[14] Other Financial Metrics - The company incurred a loss of ¥1,666,721.55 from the disposal of non-current assets, primarily due to the culling of dairy cows[5] - Cash received from other operating activities increased by 47.19% to ¥6,977,509.96, mainly from increased interest and rental income[7] - The company repaid bank loans amounting to ¥25,000,000.00 during the reporting period, which was not present in the same period last year[7] - The company reported cash outflows from investing activities of CNY 41,398,303.47, compared to CNY 24,199,202.36 in the previous year, indicating increased investment expenditures[28] - The company incurred a loss of CNY 662,773.93 from asset disposal in Q1 2022, compared to a loss of CNY 548,174.66 in Q1 2021[25]