海象新材(003011) - 2022 Q1 - 季度财报

Revenue and Profitability - The company's revenue for Q1 2022 was ¥404,179,017.16, representing an increase of 11.46% compared to ¥362,606,849.33 in the same period last year[3] - Net profit attributable to shareholders decreased by 32.68% to ¥17,212,520.75 from ¥25,568,750.42 year-on-year[3] - Total operating revenue for Q1 2022 was CNY 404,179,017.16, an increase of 11.5% compared to CNY 362,606,849.33 in Q1 2021[19] - Net profit for Q1 2022 was CNY 17,212,520.75, a decrease of 32.8% from CNY 25,568,750.42 in Q1 2021[21] - Basic and diluted earnings per share for Q1 2022 were CNY 0.17, down from CNY 0.25 in Q1 2021[22] - The company reported a total comprehensive income of CNY 3,640,692.49 for Q1 2022, down from CNY 17,903,039.68 in Q1 2021[22] Cash Flow and Financial Activities - The net cash flow from operating activities improved significantly to ¥16,330,734.41, a turnaround from a negative cash flow of ¥99,833,686.22 in the previous year, marking a 116.36% increase[3] - Cash inflow from operating activities totaled CNY 463,939,508.46, compared to CNY 326,631,445.95 in the previous year, reflecting a significant increase[23] - The total cash outflow from investment activities was ¥88,711,535.86, compared to ¥144,489,321.40 in the same period last year, indicating a reduction in investment spending[24] - Cash inflow from financing activities amounted to ¥335,465,120.97, up from ¥193,827,441.65 in Q1 2021, reflecting increased borrowing[24] - The net cash flow from financing activities was ¥82,115,982.67, a decrease from ¥149,391,559.59 in the previous year, suggesting a shift in financing strategy[24] - The company reported a net increase in cash and cash equivalents of ¥11,101,855.00 for Q1 2022, contrasting with a decrease of ¥8,494,006.69 in Q1 2021[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,329,656,231.34, up 2.48% from ¥2,273,328,629.29 at the end of the previous year[3] - The company’s total liabilities increased, with accounts payable decreasing to CNY 205,376,675.05 from CNY 249,336,931.82, a decline of about 17.63%[17] - Total liabilities as of Q1 2022 were CNY 1,030,682,399.32, an increase from CNY 1,000,549,088.34 in Q1 2021[19] - The company’s equity position remains strong, with total equity reflecting the growth in total assets and the capital increase activities undertaken[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,742[9] - The largest shareholder, Wang Zhoulin, holds 27.08% of the shares, totaling 27,809,460 shares[9] Operational Efficiency - The company recorded a 90.69% increase in other income, amounting to ¥5,327,135.54, attributed to enhanced tax refunds for welfare enterprises[6] - Financial expenses surged by 188.67% to ¥3,828,116.77, primarily due to increased interest expenses[6] - Research and development expenses for Q1 2022 were CNY 8,824,338.99, a decrease of 13.9% from CNY 10,275,511.88 in Q1 2021[19] - The company paid ¥39,369,530.21 in employee-related cash payments, down from ¥45,924,277.71 in the previous year, reflecting cost management efforts[24] - The company’s cash outflow for taxes was ¥6,624,512.90, a decrease from ¥8,662,092.93 in Q1 2021, indicating improved tax efficiency[24] - The company’s cash outflow for other operating activities was ¥40,198,529.77, down from ¥45,267,053.54 in the same period last year, suggesting operational efficiency improvements[24] Investment and Capital Activities - The company completed a capital increase of USD 40 million to its wholly-owned subsidiary, Vietnam Haixin New Materials Co., Ltd., raising its registered capital from USD 69 million to USD 109 million[12] - The company holds 100% equity in Vietnam Haixin, which remains consolidated in the company's financial statements[12]