巴安水务(300262) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥49,705,212.81, a decrease of 52.78% compared to ¥105,252,766.87 in the same period last year[4] - The net profit attributable to shareholders was -¥53,894,479.79, representing a decline of 16,756.71% from ¥323,560.12 in the previous year[4] - Basic and diluted earnings per share were both -¥0.08, a decrease of 16,100.00% compared to ¥0.0005 in the same period last year[4] - The net profit for Q1 2022 was a loss of CNY 55,455,120.11, compared to a loss of CNY 1,914,127.31 in Q1 2021, reflecting a significant increase in losses[24] - The total comprehensive income for Q1 2022 was a loss of CNY 51,079,543.63, compared to a loss of CNY 6,016,173.19 in Q1 2021, indicating a worsening financial position[24] Cash Flow and Liquidity - The net cash flow from operating activities was ¥12,324,319.83, down 23.88% from ¥16,191,074.94 year-on-year[4] - The company's cash and cash equivalents decreased to CNY 112,518,805.99 from CNY 124,023,017.34 at the beginning of the year, representing a decline of approximately 9.1%[18] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 45,065,141.85, down from CNY 66,023,157.71 at the end of Q1 2021, a decrease of about 31.7%[28] - The company reported a net cash outflow from investing activities of CNY 1,247,577.67 in Q1 2022, compared to a smaller outflow of CNY 827,087.03 in Q1 2021[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,850,490,230.96, a decrease of 0.90% from ¥3,885,653,900.31 at the end of the previous year[4] - Accounts receivable decreased to CNY 169,628,984.31 from CNY 180,555,554.81, a reduction of about 6.1%[18] - Total liabilities increased slightly to CNY 3,397,388,760.26 from CNY 3,381,472,885.98, reflecting an increase of about 0.5%[20] - The company’s non-current liabilities rose to CNY 525,713,973.34 from CNY 500,466,287.12, marking an increase of approximately 5.0%[20] - The company’s equity attributable to shareholders decreased to CNY 503,510,484.49 from CNY 552,899,540.28, a decline of about 8.9%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,489[10] - The largest shareholder, Zhang Chunlin, held 21.30% of the shares, with a total of 142,674,102 shares, of which 99,505,576 shares were pledged[10] Operational Challenges - The company experienced a significant reduction in revenue due to the pandemic and liquidity issues, leading to fewer new projects and slower progress on existing projects[8] - The company reported a significant increase in sales expenses, which rose to CNY 10,184,094.97 in Q1 2022 from CNY 7,821,399.00 in Q1 2021, an increase of approximately 30.0%[23] Regulatory Issues - The company has suspended the issuance of shares to specific investors due to ongoing investigations by the China Securities Regulatory Commission[16] - The company is currently under investigation for alleged violations of information disclosure regulations, which may impact future capital raising activities[16] - The company’s vice chairman, Zhang Chunlin, is also under investigation, which has led to a halt in certain corporate activities[16]