泰嘉股份(002843) - 2022 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q1 2022, the company reported operating revenue of CNY 151.21 million, a 18.58% increase, and net profit attributable to shareholders of CNY 15.46 million, up 18.23%, while net cash flow from operating activities was -CNY 13.30 million, a 173.26% decrease Key Financial Indicators for Q1 2022 | Indicator | Current Period | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 151,214,908.23 | 127,516,743.00 | 18.58% | | Net Profit Attributable to Shareholders (CNY) | 15,456,979.19 | 13,073,537.39 | 18.23% | | Net Cash Flow from Operating Activities (CNY) | -13,297,402.37 | 18,149,843.69 | -173.26% | | Basic Earnings Per Share (CNY/share) | 0.07 | 0.07 | 0.00% | | Weighted Average Return on Net Assets | 2.58% | 2.67% | Decrease of 0.09 percentage points | | Total Assets (CNY) | 1,077,257,765.31 | 1,013,734,184.44 | 6.27% (vs. end of prior year) | | Shareholders' Equity Attributable to the Parent Company (CNY) | 578,585,304.81 | 590,208,743.31 | -1.97% (vs. end of prior year) | Non-recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to CNY 1.82 million, primarily comprising government grants, capital occupation fees from non-financial enterprises, and fair value changes from financial assets Details of Non-recurring Gains and Losses for Q1 2022 | Item | Amount for Current Period (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -82,637.62 | | Government Grants Recognized in Current Profit/Loss | 975,788.94 | | Capital Occupation Fees Collected from Non-financial Enterprises | 881,666.67 | | Gains/Losses from Fair Value Changes of Trading Financial Assets/Liabilities, etc. | 355,701.92 | | Other Non-operating Income and Expenses, and Others | 12,400.76 | | Less: Income Tax Impact | 321,054.98 | | Total | 1,821,865.69 | Analysis of Changes in Key Financial Data and Indicators During the reporting period, the company experienced significant changes in financial metrics, with accounts receivable and short-term borrowings increasing due to credit sales and bank loans, R&D and financial expenses rising, and negative operating and investing cash flows offset by increased financing cash flow from bank borrowings Changes and Reasons for Key Balance Sheet Items | Item | Period-end Balance | Year-start Balance | Change Rate | Reason | | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable | 152,200,454.88 | 70,605,196.24 | 115.57% | Primarily due to impact of credit sales year-end turnover | | Long-term Receivables | 89,419,827.79 | 65,035,794.45 | 37.49% | Increased financial assistance to Yada Electronics (Luoding) Co., Ltd. | | Short-term Borrowings | 204,385,973.96 | 135,298,622.21 | 51.06% | Increase in bank borrowings | | Employee Compensation Payable | 11,468,182.86 | 23,346,662.07 | -50.88% | Impact of 2021 performance bonus distribution | Changes and Reasons for Key Income Statement and Cash Flow Statement Items | Item | Current Period Amount | Prior Period Amount | Change Rate | Reason | | :--- | :--- | :--- | :--- | :--- | | R&D Expenses | 7,962,822.24 | 4,600,935.79 | 73.07% | Increased R&D investment in consumer electronics business | | Financial Expenses | 2,183,383.84 | 1,391,411.82 | 56.92% | Increase in loan interest | | Net Cash Flow from Operating Activities | -13,297,402.37 | 18,149,843.69 | -173.26% | Increase in procurement payments | | Net Cash Flow from Investing Activities | -32,907,196.73 | -10,773,011.40 | -205.46% | Financial assistance to Yada Electronics (Luoding) Co., Ltd. | | Net Cash Flow from Financing Activities | 40,410,429.67 | -469,380.60 | 8709.31% | Increase in bank borrowings received | Shareholder Information Shareholder Holdings and Top Ten Shareholders As of the end of the reporting period, the company had 12,340 common shareholders, with Changsha Zhengyuan Enterprise Management Co., Ltd. and Zoomlion Heavy Industry Science and Technology Co., Ltd. as the top two shareholders holding 28.05% and 22.86% respectively, and the company's 2021 employee stock ownership plan holding 4.99% as the fourth largest shareholder - The total number of common shareholders was 12,340 at the end of the reporting period[12] Top Ten Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Changsha Zhengyuan Enterprise Management Co., Ltd. | 28.05% | 58,897,350 | | Zoomlion Heavy Industry Science and Technology Co., Ltd. | 22.86% | 48,000,000 | | Bangzhong Investment Co., Ltd. | 8.38% | 17,602,650 | | Hunan Taijia New Material Technology Co., Ltd. - 2021 Employee Stock Ownership Plan | 4.99% | 10,480,000 | | Hunan Changchuang Investment Partnership (Limited Partnership) | 3.57% | 7,500,000 | - Of the shares held by Changsha Zhengyuan Enterprise Management Co., Ltd., 18,000,000 shares are pledged[12] Other Significant Matters Other Significant Matters During the reporting period, the company had no other significant matters requiring disclosure - The company had no other significant matters during this reporting period[14] Quarterly Financial Statements Financial Statements As of March 31, 2022, the company's total assets were CNY 1.077 billion, total liabilities CNY 498 million, and a debt-to-asset ratio of 46.27%, with Q1 operating revenue of CNY 151.21 million and net profit of CNY 15.36 million, while operating cash flow was a CNY 13.30 million net outflow, indicating working capital pressure Consolidated Balance Sheet As of the end of Q1 2022, the company's total assets were CNY 1.077 billion, a 6.27% increase from the year-start, with current assets at CNY 442 million and non-current assets at CNY 635 million, while total liabilities reached CNY 498 million, up 17.78% primarily due to increased short-term borrowings, and equity attributable to the parent company was CNY 579 million, a 1.97% decrease Key Balance Sheet Items (CNY) | Item | Period-end Balance | Year-start Balance | | :--- | :--- | :--- | | Total Assets | 1,077,257,765.31 | 1,013,734,184.44 | | Total Liabilities | 498,484,446.78 | 423,237,536.56 | | Total Equity Attributable to Parent Company Shareholders | 578,585,304.81 | 590,208,743.31 | | Total Shareholders' Equity | 578,773,318.53 | 590,496,647.88 | Consolidated Income Statement In Q1 2022, the company achieved total operating revenue of CNY 151.21 million, an 18.58% increase year-on-year, with total operating costs of CNY 128 million, up 19.8%, resulting in a net profit of CNY 15.36 million, of which CNY 15.46 million was attributable to parent company shareholders, an 18.23% increase Key Income Statement Items (CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Total Operating Revenue | 151,214,908.23 | 127,516,743.00 | | II. Total Operating Costs | 127,965,303.40 | 106,809,297.77 | | III. Operating Profit | 18,480,052.70 | 17,631,273.75 | | IV. Total Profit | 18,610,179.00 | 16,981,519.70 | | V. Net Profit | 15,357,088.33 | 13,073,500.02 | | Net Profit Attributable to Parent Company Shareholders | 15,456,979.19 | 13,073,537.39 | Consolidated Cash Flow Statement In Q1 2022, net cash flow from operating activities was -CNY 13.30 million, turning negative year-on-year due to increased procurement, while net cash flow from investing activities was -CNY 32.91 million, an expanded outflow primarily for external financial assistance, and net cash flow from financing activities significantly increased to CNY 40.41 million due to increased bank borrowings, with cash and cash equivalents at period-end totaling CNY 37.47 million Key Cash Flow Statement Items (CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -13,297,402.37 | 18,149,843.69 | | Net Cash Flow from Investing Activities | -32,907,196.73 | -10,773,011.40 | | Net Cash Flow from Financing Activities | 40,410,429.67 | -469,380.60 | | Net Increase in Cash and Cash Equivalents | -5,913,828.74 | 6,796,435.69 | | Cash and Cash Equivalents at Period-end | 37,470,469.86 | 52,213,103.17 | Audit Report The company's Q1 2022 report is unaudited - The company's first-quarter report is unaudited[24]