中农联合(003042) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 419,024,555.20, representing a 14.84% increase compared to CNY 364,865,914.40 in the same period last year[3] - Net profit attributable to shareholders was CNY 23,934,028.38, a 30.72% increase from CNY 18,309,536.86 year-over-year[3] - The total operating revenue for Q1 2022 was CNY 419,024,555.20, an increase of 14.8% compared to CNY 364,865,914.40 in the same period last year[17] - The total profit for Q1 2022 reached CNY 28,083,118.93, up from CNY 21,847,623.91 in the same period last year, reflecting a growth of 28.5%[19] - Operating profit for Q1 2022 was CNY 28,052,816.32, compared to CNY 21,962,155.08 in Q1 2021, indicating an increase of 27.5%[19] - The net profit for Q1 2022 was CNY 23,934,028.38, an increase of 30.5% compared to CNY 18,309,536.86 in Q1 2021[19] - The total comprehensive income for Q1 2022 was CNY 23,910,742.98, an increase from CNY 18,421,173.88 in Q1 2021[20] - The basic and diluted earnings per share remained stable at CNY 0.22 for both Q1 2022 and Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 77,047,987.38, a decline of 129.95% compared to negative CNY 33,507,032.37 in the previous year[8] - The cash flow from operating activities showed a net outflow of CNY 77,047,987.38, worsening from a net outflow of CNY 33,507,032.37 in the previous year[23] - The company reported cash inflows from operating activities of CNY 250,461,187.75, compared to CNY 220,316,195.05 in the previous year[21] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 393,182,892.99, down from CNY 639,413,763.66 at the end of Q1 2021[24] - The company's cash and cash equivalents as of March 31, 2022, were CNY 629,669,893.05, compared to CNY 575,933,319.95 at the end of Q1 2021, indicating a growth of 9.3%[14] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,309,002,177.43, up 2.75% from CNY 3,220,519,913.33 at the end of the previous year[3] - The total assets of the company as of March 31, 2022, were CNY 3,309,002,177.43, compared to CNY 3,220,519,913.33 at the same time last year, reflecting a growth of 2.8%[15] - The total liabilities increased to CNY 1,658,170,350.13 from CNY 1,593,652,077.90, which is an increase of 4.1%[15] Shareholder Information - The company had a total of 19,688 common shareholders at the end of the reporting period[10] Research and Development - Research and development expenses increased by 37.47% to CNY 16,600,512.51 from CNY 12,075,347.94 in the same period last year[8] - Research and development expenses for Q1 2022 were CNY 16,600,512.51, up from CNY 12,075,347.94, representing an increase of 37.1% year-over-year[17] Other Financial Metrics - The weighted average return on equity was 1.46%, slightly up from 1.44% in the previous year[3] - The company incurred a credit impairment loss of CNY -922,995.92 in Q1 2022, compared to CNY -68,494.03 in Q1 2021[19] - The company received government subsidies amounting to CNY 341,733.16, which was a decrease of 59.33% compared to the previous year[8] - The gross profit for Q1 2022 was CNY 28,510,407.65, reflecting a gross margin of approximately 6.8%[17] - The total operating costs for Q1 2022 amounted to CNY 390,514,147.55, up 14% from CNY 342,942,507.96 in Q1 2021[17] - Accounts receivable increased to CNY 295,353,946.87 from CNY 224,555,559.59, representing a rise of 31.5% year-over-year[14] - The company reported a significant increase in accounts receivable, which rose by 31.53% to CNY 295,353,946.87 from CNY 224,555,559.59[7] - Inventory levels rose to CNY 445,771,293.08, up from CNY 410,485,068.93, marking an increase of 8.6%[14] - Short-term borrowings increased by 98.74% to CNY 459,273,751.29, reflecting a higher demand for working capital[7] - The cash outflow from investing activities was CNY 77,905,467.91, significantly higher than CNY 21,974,442.25 in the previous year[23]