世龙实业(002748) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥621,892,651.17, representing a 52.71% increase compared to ¥407,234,523.76 in the same period last year[3] - Net profit attributable to shareholders was ¥54,473,889.50, a significant increase of 290.80% from ¥13,939,083.58 year-on-year[3] - The basic earnings per share rose to ¥0.227, up 291.38% from ¥0.058 in the previous year[3] - Operating profit surged to ¥67,515,706.89, marking a 254.18% increase from ¥19,062,590.40 in the prior year[11] - The total profit for the period was ¥66,890,722.66, a 256.00% increase compared to ¥18,789,431.91 in the same quarter last year[11] - Net profit for Q1 2022 was CNY 50.34 million, representing a 223.5% increase from CNY 15.57 million in Q1 2021[27] - The company's R&D expenses increased to CNY 11.67 million, a substantial rise of 248.5% compared to CNY 3.35 million in the previous year[27] - The company reported a profit before tax of CNY 66.89 million for Q1 2022, a significant increase from CNY 18.79 million in the same period last year[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,905,427,728.52, reflecting a 0.88% increase from the previous year-end[4] - Total current assets at the end of the reporting period amounted to ¥519,081,948.54, up from ¥484,961,691.36 at the beginning of the year[22] - Total liabilities decreased to CNY 645.19 million in Q1 2022 from CNY 683.36 million in Q1 2021, reflecting a reduction of 5.6%[24] - The total equity attributable to shareholders of the parent company increased to CNY 1.22 billion in Q1 2022 from CNY 1.16 billion in Q1 2021[24] Cash Flow - The net cash flow from operating activities drastically decreased by 99.66% to ¥207,248.33, primarily due to increased costs of raw materials[13] - The company's cash flow from operating activities for Q1 2022 was CNY 312.04 million, compared to CNY 256.97 million in Q1 2021[30] - Total cash inflow from operating activities amounted to 319,840,844.41 CNY, while cash outflow was 319,633,596.08 CNY, resulting in a net cash flow of 207,248.33 CNY[31] - Cash inflow from investment activities was 650,000.00 CNY, while cash outflow was 28,740,007.88 CNY, leading to a net cash flow of -28,090,007.88 CNY[31] - The net increase in cash and cash equivalents was -44,952,624.77 CNY, compared to -17,593,934.86 CNY in the previous year[32] - The ending balance of cash and cash equivalents was 112,890,279.61 CNY, down from 157,842,904.38 CNY at the beginning of the period[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,187[16] - The largest shareholder, Jiangxi Dalong Industrial Co., Ltd., holds 37.55% of shares, totaling 90,115,000 shares[16] - Jiangxi Electric Chemical Co., Ltd. holds 7.67% of shares, totaling 18,400,000 shares, indicating a strong presence among the top shareholders[16] Legal Matters - The company has initiated legal proceedings against Shanghai Yongkan Chemical Co., Ltd. for a total claim of ¥77,091,720.00, including principal and penalties[19] - The company has been actively pursuing debt recovery for overdue accounts through legal channels[18] Research and Development - Research and development expenses increased by 248.11% to ¥11,670,611.59, driven by more R&D projects and personnel[11] Inventory and Receivables - The company reported a significant increase in accounts receivable by 114.84% to ¥146,538,169.17, attributed to rising customer receivables within the credit period[7] - Accounts receivable increased significantly to ¥146,538,169.17 from ¥68,206,976.53, representing a growth of approximately 115%[22] - Inventory decreased to ¥167,396,367.54 from ¥176,839,584.39, indicating a reduction of approximately 5%[22] Reporting and Audit - The report for the first quarter was not audited[33] - The company’s board of directors released the report on April 26, 2022[34]