天海防务(300008) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 371,697,391.48, representing a 105.84% increase compared to CNY 180,572,044.65 in the same period last year[3] - Net profit attributable to shareholders decreased by 51.34% to CNY 5,710,698.89 from CNY 11,736,535.37 year-on-year[3] - The net profit after deducting non-recurring gains and losses fell by 95.15% to CNY 477,906.51 from CNY 9,852,135.45 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 371,697,391.48, a significant increase from CNY 180,572,044.65 in the same period last year, representing a growth of approximately 105.5%[21] - Net profit for Q1 2022 was CNY 5,609,591.19, down from CNY 11,702,136.55 in Q1 2021, reflecting a decrease of approximately 52.1%[22] - The company's total equity attributable to shareholders was CNY 1,684,198,515.96, slightly up from CNY 1,677,352,677.17 year-over-year, indicating a growth of approximately 0.16%[20] - The basic earnings per share for Q1 2022 were CNY 0.0033, down from CNY 0.0068 in the same period last year, reflecting a decrease of about 51.5%[23] Assets and Liabilities - The company's total assets increased by 14.60% to CNY 2,808,647,123.22 from CNY 2,450,762,071.17 at the end of the previous year[3] - The company reported a total liability of CNY 1,128,504,885.56, up from CNY 777,364,564.60 year-over-year, which is an increase of about 45%[20] - The total liabilities and equity of the company reached CNY 2,808,647,123.22, compared to CNY 2,450,762,071.17 in the previous year, representing an increase of approximately 14.6%[20] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -90,928,092.68, worsening by 142.88% compared to CNY -37,437,895.06 in the same period last year[3] - Cash inflow from operating activities included CNY 457,169,542.80 from sales of goods and services[24] - The net cash flow from operating activities was -90,928,092.68 CNY, compared to -37,437,895.06 CNY in the same period last year, indicating a decline of approximately 142.5% year-over-year[26] - Total cash outflow from operating activities reached 679,736,597.37 CNY, significantly higher than 281,928,576.77 CNY in the previous year, representing an increase of about 141.1%[26] - Cash inflow from financing activities was 40,970,000.00 CNY, down from 66,967,000.00 CNY in the previous year, a decrease of approximately 38.8%[26] - The net cash flow from financing activities was -7,362,944.60 CNY, compared to -1,432,058.91 CNY in the same period last year, indicating a decline of about 414.5%[26] - The ending balance of cash and cash equivalents was 59,943,611.45 CNY, down from 281,464,559.74 CNY in the previous year, a decrease of approximately 78.7%[26] Expenses - Management expenses increased by 54.96% to CNY 32,445,090.56, driven by an expanded workforce and salary adjustments[7] - Financial expenses increased by 218.35% to CNY 4,548,298.43, mainly due to higher interest costs from increased loan amounts[7] - Research and development expenses for Q1 2022 were CNY 11,160,349.95, compared to CNY 8,227,424.81 in the previous year, marking an increase of about 35.5%[21] - The company paid 54,332,721.93 CNY in employee compensation, an increase from 41,755,167.98 CNY year-over-year, reflecting a rise of about 30%[26] - The total cash outflow for taxes paid was 6,381,897.59 CNY, compared to 5,107,904.36 CNY in the previous year, marking an increase of approximately 24.9%[26] - The company reported a significant increase in cash outflow related to other operating activities, which totaled 72,880,523.75 CNY, compared to 38,936,602.30 CNY last year, an increase of about 87%[26] Inventory and Contract Assets - The company's contract assets surged by 280.02% to CNY 448,245,869.54, primarily due to increased shipbuilding projects[6] - The company's inventory rose by 17.23% to CNY 229,604,719.95, attributed to materials and equipment purchases for shipbuilding projects[6] - The company has a significant increase in inventory, rising to CNY 229,604,719.95 from CNY 195,855,429.37, marking an increase of approximately 17%[18] - The company reported a significant increase in contract liabilities by 281.18% to CNY 483,533,985.90, reflecting higher advance payments received for shipbuilding projects[6] Other Information - The company received its first payment of USD 40 million on April 19, 2022, related to the settlement of outstanding amounts[15] - The company has a total of 296,859,062 restricted shares, with no new restrictions added during the reporting period[12] - The company is in the process of settling outstanding payments for two vessels, with an estimated completion date by the end of June 2022[14] - The company plans to continue covering the monthly rental payments for the two vessels until the transaction is completed[14] - The company has a long-term investment of CNY 43,071,280.05, which increased from CNY 38,271,280.05 at the beginning of the year[18]