大禹节水(300021) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 542,441,122.09, representing a 24.67% increase compared to CNY 435,115,104.13 in the same period last year[3]. - Net profit attributable to shareholders was CNY 16,262,002.80, a 4.33% increase from CNY 15,586,591.95 year-over-year[3]. - Net profit for the first quarter was CNY 7,002,106.63, a decrease of 37.5% from CNY 11,233,988.97 in the same period last year[24]. - The basic earnings per share for Q1 2022 was CNY 0.0205, up from CNY 0.0198 in the same period last year, indicating an increase of about 3.5%[25]. - The company reported a decrease in comprehensive income attributable to minority shareholders, which was -CNY 9,259,896.17, compared to -CNY 4,352,602.98 in Q1 2021[25]. Cash Flow - The net cash flow from operating activities was negative at CNY -156,791,398.00, worsening by 21.85% compared to CNY -128,676,317.04 in the previous year[3]. - The total cash inflow from operating activities was CNY 814,193,724.44, compared to CNY 654,195,031.16 in Q1 2021, reflecting a growth of approximately 24.4%[28]. - The cash inflow from financing activities totaled CNY 560,120,000.00, an increase from CNY 467,808,351.00 in Q1 2021, representing a growth of about 19.7%[29]. - The net cash flow from financing activities improved to CNY 143,764,365.85, compared to CNY 44,985,058.19 in the same period last year[29]. - The total cash and cash equivalents at the end of Q1 2022 was CNY 1,135,123,516.57, up from CNY 694,861,253.70 at the end of Q1 2021, indicating a significant increase of approximately 63.4%[29]. - The cash outflow from investing activities was CNY 27,501,689.21, down from CNY 58,137,831.82 in the previous year, indicating a reduction of approximately 52.8%[29]. Assets and Liabilities - Total assets increased by 1.88% to CNY 6,443,949,468.44 from CNY 6,324,984,404.84 at the end of the previous year[3]. - The company's total assets reached CNY 6,443,949,468.44, compared to CNY 6,324,984,404.84 at the beginning of the year, indicating a growth of 1.9%[21]. - Current assets totaled CNY 4,717,857,667.67, an increase of 2.0% from CNY 4,623,041,340.95 at the start of the year[19]. - The company's cash and cash equivalents decreased to CNY 1,335,684,702.81 from CNY 1,358,390,374.34, a decline of 1.7%[19]. - The total liabilities decreased to CNY 4,095,732,957.22 from CNY 4,274,204,072.73, a reduction of 4.2%[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,087, with the top shareholder holding 21.61% of the shares[10]. - The top ten shareholders hold a total of 181,318,818 shares, with the largest shareholder owning 181,318,818 shares[11]. - The company has a total of 3,986,800 shares held by a shareholder through margin trading accounts[11]. - The company repurchased and canceled 565,000 restricted shares from four departing incentive plan participants[17]. - The company plans to release 25% of the restricted shares held by executives annually at the beginning of each year based on the previous year's holdings[13]. Research and Development - Research and development expenses increased by 30.76% to CNY 8,325,900.37, up from CNY 6,367,307.69, indicating a focus on innovation[7]. - Research and development expenses for the quarter were CNY 8,325,900.37, up from CNY 6,367,307.69, representing a year-over-year increase of 30.7%[24]. Stock Issuance and Incentives - The company issued 58,593,750 shares at a price of RMB 5.12 per share, raising a total of RMB 300 million[16]. - The total number of restricted shares at the beginning of the period was 161,178,678, with 58,593,750 shares released during the period[14]. - The company’s stock incentive plan allows for a 25% release of restricted shares each year for four consecutive years[13]. - The company received approval from the China Securities Regulatory Commission for the issuance of shares to specific investors[16]. - The company’s stock is listed on the Shenzhen Stock Exchange as of March 8, 2022[17]. Other Financial Metrics - The company reported a significant increase in contract liabilities, which rose by 44.60% to CNY 261,611,591.00, reflecting higher prepayments received[7]. - The company reported a decrease in other income by 41.07% to CNY 3,394,418.54, attributed to a reduction in government subsidies received[7]. - The company reported an investment loss of CNY 310,653.30, an improvement compared to a loss of CNY 5,535,113.65 in the previous year[24]. - Total operating costs amounted to CNY 537,574,180.86, up from CNY 414,517,707.49, reflecting a year-over-year increase of 29.7%[23].