金龙机电(300032) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥605,323,128.89, representing a 46.34% increase compared to ¥413,638,252.54 in the same period last year[3]. - Net profit attributable to shareholders was ¥12,261,997.97, up 45.16% from ¥8,447,315.77 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥11,733,703.44, a significant increase of 92.78% compared to ¥6,086,662.33 in the previous year[3]. - Operating revenue for Q1 2022 reached CNY 605.32 million, a 46.34% increase compared to CNY 413.64 million in Q1 2021, driven by increased orders in structural components and e-cigarette OEM services[9]. - The total operating revenue for the first quarter of 2022 was CNY 605.32 million, an increase of 46.4% compared to CNY 413.64 million in the same period last year[27]. - The net profit for Q1 2022 was CNY 8,349,280.82, a slight decrease from CNY 8,414,800.46 in Q1 2021, representing a decrease of approximately 0.8%[28]. - The company reported a total comprehensive income of CNY 8,333,394.39 for Q1 2022, compared to CNY 8,966,701.71 in Q1 2021, a decrease of approximately 7.1%[29]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0153, an increase from CNY 0.0105 in Q1 2021, representing an increase of approximately 45.7%[29]. Assets and Liabilities - The company's total assets increased by 8.16% to ¥3,113,420,353.65 from ¥2,878,415,385.15 at the end of the previous year[3]. - The total liabilities amounted to CNY 1.99 billion, up from CNY 1.77 billion, representing an increase of 12.6%[25]. - The company's equity attributable to shareholders was CNY 1.15 billion, a slight increase from CNY 1.14 billion at the beginning of the year[25]. - Accounts receivable increased to CNY 596.04 million, up 14.9% from CNY 518.43 million at the beginning of the year[23]. - Inventory surged to CNY 392.11 million, a significant increase of 93.1% compared to CNY 203.15 million at the beginning of the year[23]. Cash Flow - Cash flow from operating activities decreased by 46.34% to ¥7,416,478.58, down from ¥13,820,690.92 in the previous year[3]. - Cash flow from operating activities showed a net outflow of CNY 7.42 million, a decrease of 46.34% from CNY 13.82 million in Q1 2021, mainly due to increased payments for raw materials[9]. - The company's cash and cash equivalents decreased to CNY 182.62 million from CNY 209.77 million at the beginning of the year, a decline of 12.9%[23]. - The company’s total liabilities increased, with cash outflows from financing activities resulting in a net cash flow of -CNY 7,931,231.71 for Q1 2022, compared to a positive cash flow of CNY 15,371,638.87 in Q1 2021[33]. - Cash inflow from investment activities was CNY 197.27 million, a significant increase of 158.77% compared to CNY 76.23 million in the previous year, driven by the redemption of financial products[10]. Expenses - Operating costs rose to CNY 519.56 million, up 53.80% from CNY 337.81 million in the same period last year, primarily due to increased sales volume[9]. - The total operating costs for the first quarter of 2022 were CNY 608.50 million, up from CNY 412.85 million, reflecting a year-over-year increase of 47.3%[27]. - R&D expenses surged by 105.26% to CNY 26.41 million, reflecting higher investment in research and development[9]. - Research and development expenses increased significantly to CNY 26,413,526.78 from CNY 12,868,084.66, marking an increase of approximately 105.5% year-over-year[28]. - Financial expenses increased by 58.71% to CNY 9.69 million, attributed to a higher balance of bank loans compared to the previous year[9]. Shareholder and Legal Matters - The number of ordinary shareholders at the end of the reporting period was 36,107, with the largest shareholder, Jinlong Holdings Group, holding 16.49% of shares[11]. - The company reported a significant legal case involving a guarantee for a loan of 650 million RMB, with a court ruling that the company must bear half of the creditor's compensation responsibility[17]. - In 2022, the company signed a settlement agreement to pay 28 million USD to SinCo Technologies as part of a resolution to a trademark infringement lawsuit[19]. - The company’s major shareholder, Jinlong Group, is undergoing bankruptcy liquidation, which has implications for the company's financial stability[15]. - The company has faced challenges in selling 132,426,713 shares held by Jinlong Group, with two public auctions resulting in no bids[16]. - The company has disclosed various legal and financial matters in its announcements, reflecting transparency in its operations and challenges faced[15]. Investment and Expansion Plans - The company plans to acquire approximately 81 acres of land in Dongguan for the construction of a production base focused on micro motors, silicone plastic components, and touch display modules[17]. - The company has not initiated the bidding process for the land acquisition as of the report date, indicating potential delays in expansion plans[17]. - The company’s subsidiary, Guangdong Jinxingchuang Precision Technology Co., Ltd., has established a limited partnership for investment purposes, which was later fully transferred[19].