延江股份(300658) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥323,665,417.62, representing a 9.13% increase compared to ¥296,583,656.56 in the same period last year[3]. - The net profit attributable to shareholders was ¥6,693,933.61, up 7.75% from ¥6,212,367.40 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 53.94%, reaching ¥3,382,345.01 compared to ¥2,197,178.69 in the previous year[3]. - The company achieved a turnaround in profitability, with net profit attributable to shareholders increasing year-on-year[13]. - Net profit for the current period was ¥7,176,755.79, a decrease of 8.5% from ¥7,842,128.74 in the previous period[23]. - The total comprehensive income for the current period was ¥5,418,539.89, compared to ¥9,580,888.27 in the previous period, indicating a decline of 43.5%[24]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 84.41%, amounting to ¥6,432,502.28, down from ¥41,257,404.74 in the same period last year[3]. - Cash flow from operating activities netted ¥6,432,502.28, down 84.41% due to extended receivable collection periods[8]. - Cash and cash equivalents decreased by 52.01% to ¥179,632,664.33, mainly due to investments in new projects[9]. - Cash and cash equivalents at the end of the period totaled ¥179,632,664.33, a decrease from ¥374,282,938.23 at the end of the previous period[27]. - The company’s cash and cash equivalents decreased from CNY 205,468,572.37 to CNY 189,644,119.32, a decline of approximately 7.7%[18]. - The company’s financing activities generated a net cash flow of ¥90,359,640.55, a significant increase from ¥21,756,231.00 in the previous period[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,198,870,268.03, reflecting a 2.12% increase from ¥2,153,157,807.64 at the end of the previous year[4]. - The company's current assets decreased from CNY 958,466,224.36 at the beginning of the year to CNY 884,060,653.27, a decline of about 7.7%[18]. - The total liabilities increased from CNY 1,126,760,992.00 to CNY 1,167,054,912.49, representing an increase of approximately 3.6%[19]. - The company’s long-term borrowings increased from CNY 311,872,244.32 to CNY 394,783,118.49, reflecting a rise of about 26.5%[19]. Expenses and Costs - Total operating costs amounted to ¥320,672,690.58, up from ¥290,690,831.65, reflecting a growth of 10.3%[21]. - Sales expenses increased by 212.43% to ¥5,356,958.69, driven by higher exhibition costs and sample certification fees[8]. - Financial expenses rose by 96.62% to ¥9,395,998.81, primarily due to exchange losses from USD depreciation and increased bank loan interest[8]. - The company incurred research and development expenses of ¥7,275,767.14, down 22.9% from ¥9,440,545.56 in the previous period[21]. Investments and Equity - Long-term equity investments increased by 90.41%, reaching ¥73,712,252.57, compared to ¥38,712,252.57 at the beginning of the year[7]. - The company recognized government subsidies amounting to ¥1,568,464.07 during the reporting period[6]. - The equity attributable to shareholders decreased by 1.11% to ¥1,014,953,174.81 from ¥1,026,396,815.64 at the end of the previous year[4]. - The company recorded an investment loss of ¥4,583,506.49, down from a profit of ¥9,250,576.32 in the previous period[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,982[10]. - The company plans to extend the validity period for issuing shares to specific targets by an additional 12 months, now set to expire on April 21, 2023[14]. - The company’s U.S. subsidiary, Yanjan USA LLC, is set to acquire 100% equity of SpinTech LLC through a debt-to-equity swap[15].