海新能科(300072) - 2022 Q1 - 季度财报

Key Financial Data This section provides an overview of the company's financial performance and position, including key accounting data, financial indicators, and non-recurring gains and losses Key Accounting Data and Financial Indicators In Q1 2022, the company's operating revenue increased by 51.94% year-over-year, but net profit attributable to shareholders turned from profit to loss, declining sharply by 1,454.80%; net cash flow from operating activities also turned negative, and basic earnings per share significantly deteriorated Q1 2022 Key Financial Indicators | Indicator | Current Period | Prior Period | Change from Prior Period | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,975,535,505.72 | 1,300,214,788.33 | 51.94% | | Net Profit Attributable to Shareholders (RMB) | -176,353,637.73 | 13,016,948.93 | -1,454.80% | | Net Cash Flow from Operating Activities (RMB) | -109,513,635.69 | 351,203,794.41 | -131.18% | | Basic Earnings Per Share (RMB/share) | -0.0751 | 0.0055 | -1,465.45% | | Total Assets (RMB) | 15,083,869,179.09 | 14,769,888,368.94 (End of Previous Year) | 2.13% | | Total Equity Attributable to Shareholders (RMB) | 7,963,743,106.22 | 8,148,725,909.65 (End of Previous Year) | -2.27% | Non-Recurring Gains and Losses Items and Amounts During the reporting period, total non-recurring gains and losses amounted to 16.95 million RMB, primarily from disposal gains/losses of fixed and intangible assets, government grants, and interest income from non-financial enterprises; after deducting non-recurring items, the company's net loss expanded to 193 million RMB Q1 2022 Non-Recurring Gains and Losses Items | Item | Current Period Amount (RMB) | Notes | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 12,788,703.61 | Primarily gains/losses from disposal of fixed and intangible assets | | Government Grants Recognized in Current Profit/Loss | 2,265,538.57 | Primarily government grants received in the current period | | Interest Income from Non-Financial Enterprises Recognized in Current Profit/Loss | 3,686,556.61 | Primarily interest income from non-financial enterprises | | Other Non-Operating Income and Expenses | -1,561,361.83 | Primarily the company's net non-operating income and expenses | | Total | 16,953,589.63 | -- | Analysis of Changes in Key Financial Indicators Multiple financial indicators changed significantly during the reporting period, primarily due to changes in consolidation scope (inclusion of Meifang Coking, exclusion of Jutao), subsidiary business fluctuations, and financing activities; revenue growth was driven by Meifang Coking consolidation and Sanju Hong Kong's biodiesel business, while net profit decline was impacted by reduced investment income and increased financial expenses - Operating revenue increased by 51.94% year-over-year, primarily due to the consolidation of Meifang Coking and increased biodiesel revenue from wholly-owned subsidiary Sanju Hong Kong[9] - Financial expenses significantly increased by 185.59% year-over-year, mainly due to accrued interest on financial assistance from Haidian State-owned Capital Investment Group, consolidation of Meifang Coking, and increased interest on borrowings by Shandong Sanju[9] - Investment income decreased by 144.28% year-over-year, turning from profit to loss, primarily because the prior period included gains from the transfer of subsidiaries (Baoju Technology and Sanju Energy), which did not occur in the current reporting period[9] - Gains on asset disposal surged by 14675.73% year-over-year, mainly due to the company recognizing income from contributing patent technology as capital to Fuda Zijin during the reporting period[9] - Net cash flow from operating activities decreased by 131.18% year-over-year, turning from net inflow to net outflow; net cash flow from investing activities also turned negative, primarily because the prior period included significant cash receipts from subsidiary disposals, which did not occur in the current period[3][9][12] Shareholder Information This section details the company's shareholder structure, including common shareholdings and changes in restricted shares Common Shareholder Holdings As of the end of the reporting period, the company had 48,387 common shareholders; the top two shareholders, state-owned entities Beijing Haixin Zhi and Haidian District State-owned Assets Supervision and Administration Commission, are parties acting in concert, holding over 35% combined, with several top ten shareholders having pledged shares - As of the end of the reporting period, the company had 48,387 common shareholders[13] Top Ten Shareholder Holdings (As of Q1 2022 End) | Shareholder Name | Shareholder Type | Holding Percentage | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | :--- | | Beijing Haixin Zhi Low-Carbon Technology Development Co., Ltd. | State-owned Legal Entity | 29.48% | 692,632,562 | Pledged | | Beijing Haidian District State-owned Assets Investment and Management Co., Ltd. | State-owned Legal Entity | 5.74% | 134,908,721 | - | | Beijing Zhongheng Tianda Technology Development Co., Ltd. | Domestic Non-State-owned Legal Entity | 4.53% | 106,485,951 | Pledged | | Zhang Xueling | Domestic Individual | 1.50% | 35,339,874 | Pledged | | Wang Mihong | Domestic Individual | 1.21% | 28,440,481 | - | | Liu Lei | Domestic Individual | 1.04% | 24,325,991 | Pledged | | Tao Jiezhi | Domestic Individual | 1.03% | 24,144,557 | - | | Hong Kong Securities Clearing Company Limited | Foreign Legal Entity | 0.96% | 22,664,760 | - | | Lin Ke | Domestic Individual | 0.68% | 15,870,902 | Pledged | | Beijing Renren Zhongke Trading Co., Ltd. | Domestic Non-State-owned Legal Entity | 0.66% | 15,544,527 | - | - The largest shareholder, Beijing Haixin Zhi Low-Carbon Technology Development Co., Ltd., and the second largest shareholder, Beijing Haidian District State-owned Assets Investment and Management Co., Ltd., are parties acting in concert[16] Changes in Restricted Shares During the reporting period, the company's total restricted shares decreased from 20,123,871 at the beginning of the period to 19,823,871 at the end, due to executive Cao Huafeng's release of 300,000 restricted shares from executive lock-up Restricted Share Movement Details | Shareholder Name | Restricted Shares at Beginning of Period | Shares Released from Restriction This Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Liu Lei | 18,244,493 | 0 | 18,244,493 | Executive Lock-up Shares | | Cao Huafeng | 1,248,025 | 300,000 | 948,025 | Executive Lock-up Shares | | Sun Yanhong | 631,353 | 0 | 631,353 | Executive Lock-up Shares | | Total | 20,123,871 | 300,000 | 19,823,871 | -- | Other Significant Matters This section confirms the absence of any other material events requiring disclosure during the reporting period Other Significant Matters The company had no other significant matters requiring disclosure in this reporting period - The company had no other significant matters requiring disclosure in this reporting period[18] Quarterly Financial Statements This section presents the company's consolidated financial statements for the first quarter, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2022, the company's total assets were 15.084 billion RMB, a 2.13% increase from the beginning of the year; total liabilities were 6.450 billion RMB, a 9.27% increase; the asset-liability ratio rose from 39.97% to 42.76%; and total equity attributable to shareholders was 7.964 billion RMB, a 2.27% decrease from the beginning of the year Key Items from Consolidated Balance Sheet | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 15,083,869,179.09 | 14,769,888,368.94 | +2.13% | | Total Liabilities | 6,450,127,686.74 | 5,902,963,450.62 | +9.27% | | Total Equity Attributable to Parent Company Owners | 7,963,743,106.22 | 8,148,725,909.65 | -2.27% | Consolidated Income Statement In Q1 2022, the company achieved operating revenue of 1.976 billion RMB, a 51.94% year-over-year increase; however, due to total operating costs (+63.37%) growing faster than revenue, coupled with investment income turning negative, operating profit recorded a loss of 223 million RMB, and net profit attributable to parent company owners was -176 million RMB, turning from profit to loss year-over-year Key Items from Consolidated Income Statement | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,975,535,505.72 | 1,300,214,788.33 | +51.94% | | Total Operating Costs | 2,184,946,451.59 | 1,337,460,917.16 | +63.37% | | Operating Profit | -222,880,506.93 | 38,441,243.59 | -679.80% | | Net Profit Attributable to Parent Company Owners | -176,353,637.73 | 13,016,948.93 | -1454.80% | Consolidated Cash Flow Statement During the reporting period, net cash flow from operating activities was -110 million RMB, turning from positive to negative year-over-year; net cash flow from investing activities was -82 million RMB, also turning negative; net cash flow from financing activities was 398 million RMB, primarily from borrowings and other financing-related cash receipts; the combined effect of these three activities resulted in a net increase of 205 million RMB in cash and cash equivalents at period-end Key Items from Consolidated Cash Flow Statement | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -109,513,635.69 | 351,203,794.41 | | Net Cash Flow from Investing Activities | -82,098,990.30 | 214,409,694.29 | | Net Cash Flow from Financing Activities | 398,114,448.12 | -498,656,244.10 | | Net Increase in Cash and Cash Equivalents | 204,558,248.38 | 66,767,509.45 | Audit Report This section confirms the audit status of the quarterly financial report Audit Opinion The company's Q1 2022 financial report was unaudited, which is standard practice for quarterly reports - The company's Q1 2022 report was unaudited[43]