Enpack(SZ:002846)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was ¥448,772,783.02, representing a 12.80% increase compared to ¥397,854,593.75 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥5,314,001.22, a decline of 133.25% from a profit of ¥15,980,153.22 in the previous year[8]. - The total operating revenue for the first quarter of 2022 was CNY 448,772,783.02, an increase of 12.8% compared to CNY 397,854,593.75 in the same period last year[28]. - The net profit for the first quarter of 2022 was a loss of CNY 5,439,644.72, compared to a profit of CNY 16,725,096.42 in the same period last year[30]. - The operating profit for the first quarter of 2022 was a loss of CNY 9,384,157.56, down from a profit of CNY 19,805,720.85 in the previous year[29]. - The basic and diluted earnings per share for the first quarter of 2022 were both -0.0167, compared to 0.0503 in the same period last year, indicating a decline in profitability[30]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥9,854,084.92, a decrease of 128.66% compared to ¥34,382,823.08 in Q1 2021[8]. - Operating cash inflow for the current period was CNY 373,805,027.17, compared to CNY 264,178,147.51 in the previous period, representing an increase of approximately 41.5%[32]. - The company reported a cash inflow from operating activities of CNY 348,392,080.60 from sales, compared to CNY 261,795,441.81 in the previous period, an increase of approximately 33%[32]. - The company's cash and cash equivalents at the end of the reporting period amount to 88,661,412.52 RMB, down from 91,032,127.23 RMB at the beginning of the year[24]. - The total cash and cash equivalents at the end of the period were CNY 38,484,193.02, compared to CNY 36,500,318.83 at the end of the previous period, reflecting a net increase of approximately 5.4%[34]. Assets and Liabilities - Total assets at the end of Q1 2022 were ¥2,442,303,136.43, up 5.18% from ¥2,322,017,019.95 at the end of the previous year[8]. - The total liabilities increased to CNY 1,602,788,175.71 from CNY 1,476,578,664.51 in the previous year, indicating a rise in financial obligations[26]. - The company’s total equity attributable to shareholders decreased by 0.69% to ¥829,028,239.37 from ¥834,801,803.09 at the end of the previous year[8]. - The company reported a significant increase in accounts receivable financing by 180.59%, reaching ¥10,420,688.31 compared to ¥3,713,783.17 at the end of 2021[13]. - The company’s long-term payables rose by 91.40% to ¥65,695,585.08 from ¥34,323,343.95 in the previous year[13]. Expenses and Investments - Research and development expenses increased by 111.22% to ¥21,617,717.83 from ¥10,234,476.49 in the previous year[14]. - The total operating costs for the first quarter of 2022 were CNY 458,285,365.82, up 22.0% from CNY 375,477,890.90 in the previous year[29]. - The company experienced a 312.67% increase in financial expenses, totaling ¥13,748,062.59 due to increased loans and reduced capitalization of interest[14]. - The company reported a significant increase in financial expenses, which rose to CNY 13,748,062.59 from CNY 3,331,477.95 in the previous year, primarily due to higher interest expenses[29]. Corporate Actions and Recognition - The company has been recognized as a high-tech enterprise, which enhances its innovation capability and competitive strength[19]. - The company approved the absorption merger of its wholly-owned subsidiary, Guangdong Manguan Packaging Co., Ltd., by Shantou Yinglian Metal Technology Co., Ltd., to optimize management efficiency and reduce operational costs[20]. - A retrospective adjustment of financial data for Q1 2021 was made, reclassifying transportation costs from sales expenses to operating costs, impacting the financial statements by 5,912,783.54 RMB[22].