*ST佳沃(300268) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 1,223,196,377.86, representing a 6.16% increase compared to CNY 1,152,213,847.21 in the same period last year[3]. - Net profit attributable to shareholders was CNY 110,118,183.37, a significant turnaround from a net loss of CNY 156,251,327.86 in the previous year, marking a 170.48% increase[3]. - The net profit after deducting non-recurring gains and losses was CNY 104,661,970.14, compared to a loss of CNY 157,182,159.01 last year, reflecting a 166.59% improvement[3]. - The company achieved a revenue of 1,223.20 million RMB in the first quarter of 2022, representing a year-on-year growth of 6.16%[10]. - The net profit attributable to shareholders reached 110.12 million RMB, a significant increase of 170.48% year-on-year[10]. - Net profit for Q1 2022 was CNY 149,282,286.82, compared to a net loss of CNY 191,910,810.79 in the same period last year, indicating a significant turnaround[25]. - The company reported a net profit attributable to the parent company of CNY 104,259,117.53, compared to a loss of CNY 147,317,311.95 in the previous period[26]. - Total comprehensive income for the period was CNY 142,195,601.55, a recovery from a loss of CNY 180,858,323.52 in the previous period[26]. Assets and Liabilities - The company's total assets increased by 1.41% to CNY 11,459,782,810.30 from CNY 11,300,420,797.67 at the end of the previous year[3]. - Current liabilities rose to CNY 5,708,249,580.76 from CNY 5,263,070,335.07, an increase of about 8.5%[21]. - Long-term borrowings decreased to CNY 2,164,273,596.89 from CNY 2,597,529,747.56, a decline of approximately 16.7%[21]. - The company's total liabilities amounted to CNY 10,263,560,259.65, slightly up from CNY 10,251,840,809.58, indicating a stable leverage position[21]. - The equity attributable to shareholders of the parent company increased to CNY 740,879,187.87 from CNY 631,173,109.33, a growth of approximately 17.4%[22]. Cash Flow - The net cash flow from operating activities decreased by 15.75% to CNY 134,637,920.07 from CNY 159,799,976.99 in the previous year[3]. - Net cash flow from operating activities was CNY 134,637,920.07, down from CNY 159,799,976.99 in the previous period, indicating a decrease of about 15.73%[29]. - The net cash flow from financing activities was CNY 24,624,515.64, compared to a negative cash flow of CNY 354,352.52 in the previous period, showing a positive turnaround[29]. - The company experienced a net cash outflow from investing activities of CNY 141,780,033.63, worsening from a net outflow of CNY 113,389,749.94 in the previous period[29]. - Cash and cash equivalents at the end of the period totaled CNY 197,235,601.69, down from CNY 211,918,855.57 in the previous period[30]. Operational Metrics - The total harvest volume for Q1 2022 was 19,840 tons, down 28% from 27,709 tons in Q1 2021[12]. - The sales volume in Q1 2022 was 18,209 tons, a decrease of 32% compared to 26,613 tons in Q1 2021[13]. - The average selling price of Atlantic Salmon increased to $6.91 per kg in Q1 2022, up from $4.28 per kg in Q1 2021[15]. - The unit cost of Atlantic Salmon rose to $4.17 per kg in Q1 2022, compared to $3.38 per kg in Q1 2021, due to increased operational and feed costs[15]. - The company plans to harvest approximately 91,142 tons for the full year 2022, with an estimated 18,163 tons for Q2 2022[16]. Investment and Income - The company reported a 404.89% increase in non-operating income, primarily due to the cancellation of a subsidiary's liabilities[8]. - Long-term equity investments grew by 197.92% compared to the beginning of the year, attributed to investment income from joint ventures[8]. - The company reported a significant increase in investment income of CNY 1,135,584.70, compared to no income reported in the previous year[23]. Expenses - The company experienced a 37.49% increase in selling expenses, mainly due to higher import disinfection costs[8]. - Total operating costs decreased to CNY 1,220,872,056.57 from CNY 1,359,198,584.10, a reduction of about 10.2%[23]. - The company paid CNY 110,970,512.85 in employee compensation, a decrease from CNY 117,923,400.92 in the previous period[29]. Share Issuance - The company is set to issue A-shares at a price of 14.80 RMB per share, aiming to raise between 515.63 million RMB and 773.45 million RMB for working capital[17].