飞凯材料(300398) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥865,397,506.97, representing a 53.73% increase compared to ¥562,918,701.67 in the same period last year[5] - Net profit attributable to shareholders for Q1 2022 was ¥138,763,627.91, up 103.43% from ¥68,211,204.30 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥148,014,429.72, a 139.75% increase from ¥61,736,630.39 in the previous year[5] - Basic earnings per share for Q1 2022 was ¥0.27, an increase of 107.69% from ¥0.13 in the previous year[5] - Total operating revenue for the first quarter reached CNY 865,397,506.97, a significant increase from CNY 562,918,701.67 in the previous year, representing a growth of approximately 53.7%[47] - Net profit for the quarter was CNY 139,987,981.91, compared to CNY 72,708,393.49 in the same period last year, reflecting an increase of approximately 92.5%[50] - The net profit attributable to the parent company was approximately ¥138.76 million, compared to ¥68.21 million in the previous period, representing a growth of 103.5%[53] - The total comprehensive income attributable to the parent company was approximately ¥136.96 million, up from ¥68.64 million, indicating an increase of 99.5%[53] - Basic and diluted earnings per share both stood at ¥0.27, doubling from ¥0.13 in the previous period[53] Cash Flow - The company's cash flow from operating activities was negative at -¥28,932,390.17, a decline of 181.63% compared to ¥35,444,172.62 in the same period last year[5] - Cash inflow from operating activities totaled approximately ¥823.46 million, compared to ¥598.45 million, reflecting a growth of 37.6%[57] - Cash outflow from operating activities was approximately ¥852.39 million, up from ¥563.00 million, resulting in a net cash flow from operating activities of approximately -¥28.93 million, down from ¥35.44 million[57] - Cash inflow from investment activities was approximately ¥136.59 million, compared to ¥461.65 million, showing a decrease of 70.4%[60] - Cash outflow from investment activities totaled approximately ¥315.96 million, down from ¥567.69 million, leading to a net cash flow from investment activities of approximately -¥179.37 million, worsening from -¥106.05 million[60] - Cash inflow from financing activities was approximately ¥461.44 million, compared to ¥224.89 million, an increase of 105.5%[60] - The net cash flow from financing activities was approximately ¥169.80 million, a significant improvement from -¥167.51 million in the previous period[60] - The ending cash and cash equivalents balance was approximately ¥780.87 million, down from ¥1,048.33 million, indicating a decrease of 25.5%[60] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥6,147,746,538.51, a 4.89% increase from ¥5,861,104,692.09 at the end of the previous year[7] - Current liabilities rose to CNY 1,941,993,940.23, compared to CNY 1,772,664,341.90, which is an increase of approximately 9.5%[43] - The total equity attributable to shareholders increased to CNY 3,457,014,654.27 from CNY 3,163,736,172.42, representing a growth of about 9.3%[46] - The company's accounts receivable increased to 998,197,485.51 RMB as of March 31, 2022, compared to 818,517,745.61 RMB at the beginning of the year[37] - Long-term equity investments increased to CNY 2,729,853.44 from CNY 29,853.44, showing a substantial growth of approximately 9,000%[43] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,197[16] - The largest shareholder, Feikai Holdings Limited, holds 24.60% of shares, totaling 130,077,504 shares, with 40,630,000 shares pledged[16] - Shanghai Semiconductor Equipment Materials Industry Investment Management Co., Ltd. holds 6.78% of shares, totaling 35,846,210 shares[16] - Shanghai Guosheng Capital Management Co., Ltd. holds 4.92% of shares, totaling 26,000,000 shares[16] - The total number of restricted shares at the beginning of the period was 6,258,880, with 712,125 shares released during the period[21] - The number of unrestricted shares held by the top ten shareholders is 130,077,504 shares for Feikai Holdings Limited[20] - The company has a total of 3,935,300 shares held by shareholder Cai Jiancan through a margin trading account[20] - The total number of shares held by the top ten unrestricted shareholders is 6,258,880 shares[21] - The company has a significant portion of shares pledged, indicating potential liquidity concerns for major shareholders[16] Capital Management - The company plans to issue convertible bonds totaling up to RMB 825 million to enhance capital strength and profitability[26] - The adjusted total amount for the convertible bond issuance is RMB 825 million, with specific fundraising amounts to be determined by the board within this limit[29] - The company received approval from the China Securities Regulatory Commission for the issuance of convertible bonds on September 25, 2020[29] - The convertible bonds will have a face interest rate starting at 0.30% in the first year, increasing to 2.00% by the sixth year[29] - The initial conversion price for the bonds is set at RMB 19.34 per share[29] - The company plans to use up to RMB 500 million of temporarily idle raised funds for cash management without affecting the use of raised funds[29] - The company has changed the project from an annual production of 500 kg OLED display materials to an annual production of 15 tons of OLED terminal display materials purification project[29] - The convertible bonds were officially listed and began trading on the Shenzhen Stock Exchange on December 16, 2020, under the name "Feikai Convertible Bonds" with the code "123078"[29] - The company has undergone multiple adjustments and approvals regarding the issuance of convertible bonds throughout 2020, reflecting a proactive approach to capital management[29] - The company aims to enhance its capital structure and support business development through this bond issuance strategy[26] - The company completed the repurchase of 46,591 "Feikai Convertible Bonds" for a total amount of 4,662,734.09 RMB during the buyback period from March 2 to March 8, 2021[32] - The conversion price of "Feikai Convertible Bonds" was adjusted downwards from 15.62 RMB/share to 15.56 RMB/share effective from May 31, 2021[32] - The conversion period for "Feikai Convertible Bonds" commenced on June 3, 2021, and will last until November 26, 2026[32] - The company has maintained the conversion price of "Feikai Convertible Bonds" at 15.56 RMB/share following the repurchase of restricted stock, as the repurchased shares represent a small proportion of the total share capital[32]